Industry Analysis & Industry Trends
The Jewelry Stores industry lost some of its luster during the five years to 2013. 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 2018, the recovery of the industry will mimic that of the growing economy. As consumers increase discretionary spending, jewelry stores will raise their prices and retain higher profit, while limited competition from alternative retailers will contribute to solid revenue growth for the industry... purchase to read more
Industry Report - Industry Products Chapter
The most common jewelry sold within the industry is made from diamonds or gold. Watches are also popular items that jewelry stores sell. During the recession, households postponed expenditure of nonessential items since they were wary of their financial future. As a result, demand for jewelry fell across all segments. However, the cheaper jewelry segment experienced a small rise relative to other divisions, with some households shifting from expensive trinkets to cheaper ones.
The diamond jewelry segment accounts for about 48.0% of industry revenue. This segment includes rings, necklaces, bracelets and other items in which diamonds constitute 50.0% or more of the value of the finished piece... purchase to read more