The forecast: US jewelry sales grew 27.5% in 2021 to reach $47.1 billion, making up 8.8% of the apparels and accessories category. This followed a 13.4% decline in 2020.

Dive deeper:

• Lower gold prices, rising disposable incomes, and weddings that were delayed to 2021 and 2022 spurred most of the growth.
• During the Cyber Five, jewelry sales rose by 32%, according to Mastercard’s SpendingPulse.
• US ecommerce sales of jewelry rose 88.6%, comprising 18.2% of jewelry sales.