Report: 2010 Jewelry Sales Up 7.7%

Led by strong consumer demand during the holiday season, U.S. jewelry sales rose 7.7 percent, to a record $63.4 billion, in 2010, according to a report from the Jewelers Board of Trade, based on U.S. Department of Commerce data. The uptick follows two consecutive years of declines, dropping 2.7 percent in 2009 and 2.4 percent in 2008, as Americans cut back on discretionary spending, the Chicago