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

IBISWorld’s Jewelry Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Market Share of Companies
Industry Statistics & Market Size
Annual Growth
Annual Growth

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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Products Chapter

    Precious and semiprecious metals jewelry and accessories

    The majority of revenue for this industry comes from the sale of jewelry made primarily of precious metals and stones. This product segment has been decreasing as of recent years. 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 emeralds and sapphires are often incorporated into these designs. Jewelry made from these materials include bracelets, necklaces, earrings and rings. Accessories category includes brooches and pins, encrusted wallets and cases, watches and bands, cuff links and other accessories. Over the past five years, this segment's share of revenue has increased. Add..

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    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    Tiffany & Co.
  • Table: Tiffany & Co. - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Jewelry Manufacturing Industry
  • 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
    Jargon & Glossary
  • 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.
  • Why buy this report?

    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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