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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Products Chapter

Products and Services

The most common products sold by jewelry stores are jewelry pieces containing diamonds and gold. During the recession, households postponed expenditure on nonessential items and demand for jewelry fell across almost all segments. However, less-expensive jewelry products (such as those sold under the Kay Jewelers brand) experienced a boost relative to other product segments, as households shifted from expensive trinkets to more affordable ones. In recent years, as economic conditions in the United States have increasingly stabilized, demand for high-end jewelry has begun to resurge.

Diamond jewelry

The diamond jewelry segment accounts for about 45.0% of industry revenue... 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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