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FINE JEWELRY SHINES ON THE WEB.(Brief Article)

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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