Rosy gold: Rising import penetration and volatile input costs will limit revenue growth

Over the five years to 2017, an appreciating dollar has negatively affected the Jewelry Manufacturing industry. As a majority of industry revenue is derived from exports, an appreciating dollar has served to taper international demand for industry products because they are becoming comparatively more expensive. These conditions induced volatility in industry revenue and profit margins, which dissuaded new operators from entering and forced some to exit the industry altogether. Over the five years to 2022, this industry is expected to continue its decline. Across the board, the domestic industry is showing signs of contraction; over the five years to 2022, establishments, enterprises and employment are expected to decline...purchase to read more.

Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 12-17
-2.4%
Forecast Growth 17-22
Profit
Employment
23,947
Businesses
2,032
Market Share of Companies

Industry Threats & Opportunities

  • A significant reduction in price volatility will benefit the industry despite continuous import penetration
  • Significant cost advantages leveraged by other countries have reduced demand for domestic jewelry
  • Operators are more likely to target the market for fine jewelry geared toward high-income individuals
  • Industry Report - Industry SWOT Analysis Chapter

    Jewelry manufacturing in the United States has experienced a downfall in recent years. Industry value added (IVA), a measure of an industry's overall contribution to the economy, is projected to decline at an annualized rate of 0.2% over the 10 years to 2022. This is well below overall GDP growth, which is forecast to grow an annualized 2.1% during the same period. Typically, an industry with IVA growth lower than that of the economy is considered to be in the decline stage of its life cycle. This is usually defined by traits including: wholehearted acceptance of product segments, low levels of technological innovation, and the slow but steady decline of industry operators. The Jewelry Manufacturing industry exhibits all of these signs...purchase to read more.

    Additional Insights for the Jewelry Manufacturing Industry

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

  • Access to highly skilled workforce
  • Having an extensive distribution/collection network
  • Management of seasonal production
  • IBISWorld analysts also discuss how external factors such as Demand from jewelry and watch wholesaling and Demand from jewelry stores in the Jewelry Manufacturing industry impact industry performance..

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    What's in this report

    What is the Jewelry Manufacturing Industry?

    Operators in this industry manufacture jewelry or silverware using precious or semiprecious metals and stones. Costume jewelry manufacturers, specialty coin producers and lapidaries (artisans that form stones, minerals and other durable materials into decorative items such as cameos and engraved gems) are also included in this industry.

    Industry Products
  • Precious metal jewelry and accessories made from gold and platinum
  • Precious and semi-precious metal jewelry excluding gold and platinum
  • Jewelers' materials and lapidary work manufacturing
  • Costume jewelry
  • Industry Activities
  • Manufacturing bracelets
  • Manufacturing rings
  • Manufacturing necklaces
  • Manufacturing and engraving personal metal goods
  • Manufacturing silverware
  • Manufacturing lapidary work
  • Manufacturing costume jewelry
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from jewelry and watch wholesaling
  • Demand from jewelry stores
  • World price of gold
  • World price of silver
  • Per capita disposable income
  • Households earning more than $100,000
  • Trade-weighted index

  • Current Performance
  • Industry structure in flux
  • Exchange rate dynamics
  • Chart: Revenue Growth

  • Industry Outlook
  • Imbalance of trade
  • Potential opportunities
  • Table: Jewelry Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Jewelry Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Jewelry & Watch Wholesaling
  • Jewelry Stores
  • Department Stores

  • Key Selling Industries
  • Copper, Nickel, Lead & Zinc Mining
  • Gold & Silver Ore Mining
  • Mineral & Phosphate Mining
  • Stone Mining

  • Products & Services
  • Precious metal jewelry and accessories made from gold and platinum
  • Precious and semi-precious metal jewelry excluding gold and platinum
  • Jewelers' materials and lapidary work manufacturing
  • Other
  • Costume jewelry
  • Chart: Jewelry Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Precious metals and stones wholesalers
  • Other
  • Costume jewelry wholesalers
  • Findings wholesalers
  • Chart: Major Market Segmentation for the Jewelry Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation, rent, utilities, marketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Jewelry Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Jewelry Manufacturing Industry

  • Industry Globalization
    Tiffany & Co.,
  • Table: Tiffany & Co. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Jewelry Manufacturing 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 Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • World price of gold per troy ounce (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Alloy
  • A mixture containing two or more elements that dissolve into each other when molten.
  • Bridal Sets
  • A set of rings that includes an engagement ring and a matching wedding ring or band.
  • Costume Jewelry
  • Jewelry that is made of less precious stones and metals, therefore having a lower price point.
  • Lapidary
  • A precious metal worker whose skills involve cutting and engraving; also, any work involving precious metal cutting or engraving.
  • What Our Customers Say

    Why buy this report?

    The Jewelry Manufacturing 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 Manufacturing:
    • 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 Manufacturing 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 Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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