The Jewelry Exchange reported that in the first quarter ended March 31, 2014, its sales in comparable stores rose by 9.9% on a year-on-year basis. In March 2014, the company's sales showed an increase of 11%. The Jewelry Exchange did not disclose accurate sales figures, but said that overall growth was due to improved sales of luxury goods, as well as the implementation of programs aimed at improving the quality of customer service, Rapaport reports.
The new retail store The Jewelry Exchange in Irving, Texas, reported sales growth of 16.3% for the quarter.
The parent company of the Jewelry Exchange is the Goldenwest Diamond Corporation, which also operates the Jewelry Factory in New York.