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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 | Jun 2014

Brilliant cut: Rebounding consumer confidence and disposable income growth will bolster industry revenue

IBISWorld’s Jewelry Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 - Industry Analysis Chapter

The Jewelry Stores industry sells jewelry, timepieces and sterling and plated silverware. The industry is composed of traditional brick-and-mortar shops and does not include internet, mail-order or direct sales retailers. After struggling during the recession, the industry has somewhat recovered during the five years to 2014. Industry revenue is expected to rebound from recessionary lows at an average annual rate of 3.7% to about $36.0 billion during the five years to 2014. Additionally, the number of jewelry stores is expected to grow 0.9% annually during the five-year period to 70,527 locations.

The economic downturn greatly reduced demand for industry products and caused industry revenue to hit a 10-year low in 2009... 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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