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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 | Apr 2016

Crown jewels: Rising disposable income will revive demand for high-end jewelry

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
$35bn
Annual Growth 11-16
1.2%
Annual Growth 16-21
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Profit
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Employment
172,389
Businesses
62,286
Industry Analysis & Industry Trends

As the unemployment and poverty rates have flattened out, consumer confidence has returned to healthy levels and demand for industry products has grown, helping the Jewelry Stores industry regain its luster. However, recent contractions in the world price of gold have suppressed jewelry prices in recent years and reduced industry revenue in recent years. As the economy has improved, growing disposable income has spurred more consumers to purchase discretionary jewelry pieces. High-income consumers are more likely to purchase luxury goods that provide greater returns to operators, boosting industry profit. The industry will continue to post nominal gains over the five years to 2021, with the price of gold decreasing further and limiting price markups despite economic recovery... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Jewelry Stores industry is in the mature phase of its life cycle. IBISWorld expects industry value added (IVA), which measures the industry's contribution to the overall economy, to grow at an average annual rate of 0.4% over the 10 years to 2021. Comparatively, GDP is expected to grow an annualized 2.2% during the same period. While IVA growth is low, this is largely attributable to declines in the price of gold throughout much of the period.

Retail store technology in this industry has not changed significantly over the five years to 2016 and is not expected to experience any substantial growth during the next five years... 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 and other gemstone jewelryGold jewelryLoose gemstones, including diamonds and colored gemstonesWatchesOther merchandise
 
Industry Activities
Selling new jewelry (except costume jewelry)Selling new sterling and plated silverwareSelling new watches and clocks


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