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In Canada, jewelry sales rose by 4% in 2003. In 2006, Canadians consumers spent over 2 billion dollars on jewelry . The United States similarly experienced a rise in jewelry sales by 9% in 2005. Overall sales in the jewelry industry are expected to grow with the economy and sustain growth rates of 3-5% annually .
Due to the Industry's adaptability to fashion there is no actual maturity or decline phase. Jewelry and Fashion go hand-in-hand; a change in one usually causes a change in the other. Jewelry has existed for 40,000 years and has lived through many ancient cultures and societies such as ancient Egypt, Mesopotamia, Greece, Rome, ect...
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