Wednesday, 30th March 2005 (4485 views)

Global jewellery sales were up 40 per cent at Christie's last year, according to the company's full year results.

Sales of jewellery reached $220.7 million compared to 2003, with sales in Asia increasing the most to $50.3 million, a 55 per cent rise.

In addition, European sales were up by 34 per cent and US sales rose by 38 per cent.

According to Rapaport, Christie's attributed the results to a renewed confidence in jewellery as a value investment and the high demand for signed jewels and unusual gemstones, which are currently scare in the market.

Christie's expects these trends to continue throughout 2005.

 

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