US sells more than $1bn of wire jewelry

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The US has sold more than 1bn pieces of jewelry to China since 2008, according to the US National Jewelry and Watches Association (NJWA).

The association, which represents more than 300 companies that make jewelry, said that while the number of pieces sold is still small, it was a record for a country with a population of less than 300 million.

It said it had sold $1.3bn worth of jewelry since 2008.

The total value of the transactions, which totaled $1,928m, is less than 1% of the value of all goods the country sells annually.

However, the association said the US exported more than 10% of its jewelry in 2016, which was an increase of 2% compared to 2015. 

In 2016, the US sold $11.9bn worth – about $1 billion more than in 2015.

The most important part of the jewelry sales in 2016 was the wire.

The most common wire was platinum and silver, according the association.

The wire was the biggest source of imports for the US in 2016.US jewellery imports in 2016 exceeded $6.5bn, up from $5.9b in 2015, according US Commerce Department data. 

The association said that although the value had fallen, the value added to the country was still higher than that of other countries. 

“This year’s value added was up by more than 2% in dollar terms and the value in Chinese yuan was up 7%,” NJWA chairman Charles Ramey said. 

China is the second largest importer of US goods after Japan.

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