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FINE JEWELRY SHINES ON THE WEB.(Brief Article)
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WWD
- Article date:
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August 2, 2004
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Copyright informationCOPYRIGHT 2004 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Emily Holt
NEW YORK -- With baubles just a click away, fine jewelry's online potential was the topic of discussion at the "Facing the Internet -- Meet Players/Hone Your Game" panel at the Couture Club at JA.
Online luxury purchases totaled $2 billion in 2003, according to Forrester Research, and watch and jewelry sales constituted about half of that, Bear Stearns & Co. estimated.
This accounts for only 2 percent of total fine jewelry sales, which stand at $54 billion, but online jewelry and accessories and other luxury goods spending is experiencing a 30 percent growth rate. The online luxury sector is expected to grow to $6 billion by 2008.
James ...
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