Gold washed: Rising import penetration and volatile input costs will limit revenue growth

The Jewelry Manufacturing industry has experienced tough conditions during the past five years. Since jewelry purchases are highly discretionary, declines in consumer sentiment and disposable income led to a steep decline in downstream demand for industry goods. Nevertheless, revenue growth is expected to pick up over the next five years. Domestic demand is expected to increase, benefiting the industry. However, much of this demand will be satisfied by imports. Still, exchange rate appreciation will benefit domestic manufacturers by making the imports of unprocessed and semiprocessed precious metals and minerals cheaper, which is also likely to reduce costs for domestic manufacturers...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
-0.4%
Forecast Growth 17-22
Profit
Employment
24,235
Businesses
2,031
Market Share of Companies

Industry Threats & Opportunities

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

    The level of product differentiation between players in this industry varies. Larger players benefit from their economies of scale and are able to offer consumers a broader range of merchandise. High technical skills are required to provide differentiated products. The preexistence of distribution networks between operators and suppliers may in some cases be viewed as a barrier to entry. Existing operators benefit from the relationships they have built with suppliers over a period of time. Therefore, establishing sales and distribution channels and relationships with new customers is essential. Some manufacturers have established their own retail outlets, including duty-free stores...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 semi-precious 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?

    IBISWorld’s industry research report on Jewelry Manufacturing can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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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