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.
The diamond jewelry segment accounts for about 45.0% of industry revenue... purchase to read more