Silver lining: Rising incomes will aid revenue, but price-based competition may limit growth

Over the past five years, the Jewelry Stores industry in California has struggled to grow substantially. Rising costs have pressured operators' profit margins, while falling gold prices and price-based competition from online retailers have limited overall revenue growth. The industry is expected to maintain modest growth as economic conditions continue to improve over the next five years. Growth in California's per capita disposable income will bolster sales, but the falling price of gold and other precious metals, combined with heavy competition, will continue to temper the rate of revenue growth...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Industry operators have experienced rising external competition from big-box and online retailers
  • As competition intensified, industry operators were forced to reduce prices
  • Strong gains in per capita disposable income will be the primary driver of demand growth
  • Industry Report - Industry Locations Chapter

    Industry operators are largely concentrated in the most populous regions of California. Since proximity to wealthy consumers is vital to these brick-and-mortar operators, the vast majority of jewelry stores are located in and around the most populous regions in the state: Los Angeles County and the Bay Area. These regions account for 34.2% and 19.3% of industry establishments, respectively. By locating retail locations in these regions, industry operators can take advantage of heavy foot traffic and the high per capita disposable income of the cities' wealthy workers. Moreover, the Jewelry District in Downtown Los Angeles is the largest jewelry district in the United States, according to the Los Angeles Convention Center and Visitor's Bureau. As ...purchase to read more.

    Additional Insights for the Jewelry Stores in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Jewelry Stores in California Industry are

  • Ability to control stock on hand
  • Production of goods currently favored by the market
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Per Capita Disposable Income in California and Households earning more than $100,000 in the Jewelry Stores in California industry impact industry performance..

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    What's in this report

    What is the Jewelry Stores in California 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. 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 jewelry
  • Watches
  • Gold jewelry
  • Pearl and gemstone jewelry
  • Industry Activities
  • Selling new jewelry (except costume jewelry)
  • Selling new sterling and plated silverware
  • Selling new watches
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per Capita Disposable Income in California
  • Households earning more than $100,000
  • Marriage rate
  • World price of gold

  • Current Performance
  • Demand rebounds slowly, but challenges still remain
  • Increasing competition
  • Falling profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Diamond demand and rising income
  • Online competition
  • Costs and consolidation
  • Table: Jewelry Stores in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Jewelry Stores in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Civic, Social & Youth Organizations
  • Colleges & Universities
  • Wedding Services
  • Consumers

  • Key Selling Industries
  • Glass Product Manufacturing
  • Gold & Silver Ore Mining
  • Jewelry & Watch Wholesaling
  • Jewelry Manufacturing
  • Mineral Product Manufacturing

  • Products & Services
  • Diamond jewelry
  • Watches
  • Other
  • Gold jewelry
  • Pearl and gemstone jewelry
  • Chart: Jewelry Stores in California Industry Products and Services Segmentation

  • Major Markets
  • Highest income quintile
  • Fourth income quintile
  • Third income quintile
  • Second income quintile
  • Lowest income quintile
  • Chart: Major Market Segmentation for the Jewelry Stores in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Purchases
  • Wages
  • Rent and utilities
  • Profit
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Jewelry Stores in California

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Jewelry Stores in California Industry

  • Berkshire Hathaway Inc., Gitanjali Group, Signet Jewelers Ltd., Tiffany & Co.,
  • Table: Berkshire Hathaway Inc. - financial performance
  • Table: Gitanjali Group - financial performance
  • Table: Signet Jewelers Ltd. - financial performance
  • Table: Tiffany & Co. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Jewelry Stores in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Jewelry Stores in California Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income in California (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Big-Box Retailer
  • A retail store that is differentiated by its sheer size and large range of products, including electronics, household goods and other consumer products.
  • Brick-And-Mortar
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Electronic Data Interchange (Edi)
  • The transmission of data between businesses from one computer system to another.
  • Gemologist
  • An expert in precious stones, who can often identify and evaluate types of gems.
  • What Our Customers Say

    Why buy this report?

    The Jewelry Stores in California Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Jewelry Stores in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Jewelry Stores in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Jewelry Stores in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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