Industry Analysis & Industry Trends
Beginning in the early 2000s, a rift between US jewelry manufacturers' slumping revenue and buoyant retail sales began to grow after major jewelry manufacturers began shifting operations to China, India, Israel and the Middle East to save on input and labor costs. Because of this offshoring and outsourcing trend, imports and exports have accounted for a growing proportion of the industry since 2007. As a result, rising competition and import penetration are cutting into industry profit, as are increasing prices for base materials. Fortunately, renewed incomes will keep the industry from declining significantly over the five years to 2017... purchase to read more
Industry Report - Industry Products Chapter
Precious metal jewelry
The majority of revenue for this industry comes from the sale of jewelry made primarily of precious metals and stones. Items in this category are made from gold, silver, platinum and other similar metals or alloys (a combination of metals). Additionally, stones like diamonds, rubies and emeralds are often incorporated into these designs. Jewelry made from these materials include bracelets, necklaces, earrings and rings, while pins, brooches and other accessories are not counted in the 56.0% of revenue attributed to this product segment. Over the past five years, this segment has decreased in terms of its share in line with declining demand for fine jewelry at the retail level... purchase to read more