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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 | Feb 2015

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

The Jewelry Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$38bn
Annual Growth 10-15
4.0%
Annual Growth 15-20
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Profit
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Employment
179,098
Businesses
64,480
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 2015, revenue is expected to trend largely 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 nor direct sales retailers. After struggling during the economic downturn, rising consumer confidence and falling unemployment has encouraged consumers to increasingly purchase jewelry sold by this industry. Industry revenue is consequently expected to rebound from recessionary lows at an average annual rate of 4.0% to about $37.5 billion during the five years to 2015.

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