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Jewelry Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Jewelry Stores Market Research Report | NAICS 44831 | Oct 2014

Bright and shiny: Rebounding consumer confidence and disposable income will bolster industry revenue

IBISWorld’s Jewelry Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$36bn
Annual Growth 09-14
3.7%
Annual Growth 14-19
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Profit
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Employment
175,282
Businesses
63,665
Industry Analysis & Industry Trends

The Jewelry Stores industry lost some of its luster during the recession. Industry revenue declined as consumer confidence plummeted and disposable income diminished. Consequently, consumers tightened their purse strings, decreasing demand for nonessential luxury items such as jewelry. Nevertheless, in the five years to 2014, the recovery of the industry has largely trended in line with the overall US economy. As consumers increase discretionary spending, jewelry stores will raise their prices and retain more profit, while limited competition from alternative retailers will contribute to solid revenue growth for the industry... purchase to read more

Industry Report - Starting a New Business Chapter

Overall, the Jewelry Stores industry's barriers to entry are moderate. Success within the industry, however, may prove difficult for potential entrants. Establishing a brand, investing in capital and contracting suppliers are obstacles to potential entrants. The industry's larger players hold a competitive advantage over new entrants due to their well-entrenched brand recognition. This factor could discourage new entrants. For example, Tiffany & Co. is synonymous with exclusive jewelry in the United States. These top operators have strong brands and widely accepted images that some independent and locally owned jewelry stores do not possess... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Jewelry Stores Industry?

Operators in this industry sell new jewelry, timepieces and sterling and plated silverware. Companies that vend these products in combination with engraving or repair services are also included in the industry. Operators do not cut and set gemstones or sell costume jewelry or antiques. They also do not sell used goods or provide repair services without also selling new jewelry products. Moreover, this industry does not include internet, mail order or direct sales retailers.

Industry Products
Diamond jewelryPearl jewelrySterling products (non-jewelry)Gold jewelryLoose gemstones, including diamonds and colored gemstonesWatchesPlatinum jewelryOther merchandise
 
Industry Activities
Selling new jewelry (except costume jewelry)Selling new sterling and plated silverwareSelling new watches and clocks


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