Abstract
2006 saw the jewellery and watches market recover from a very poor 2005 when precious jewellery in particular suffered a sales slump. Mainstream and lower-end specialist retailers were impacted the most. The market grew by 5.5% to reach £4.55 billion, in contrast to 2005 when it declined by 5.1% on the year before. The value of the market in 2006, therefore, recovered to a similar level as in 2004. The estimated figure for 2007 is £4.7 billion
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