Crown jewels: Rising disposable income will revive demand for high-end jewelry

Over the five years to 2018, as per capita disposable income and consumer confidence have increased, shoppers have been able to spend more on the discretionary products retailed at jewelry stores. Furthermore, since more than 65.0% of industry demand comes from the wealthiest two consumer quintiles, an increase in the number of households earning over $100,000 has served as a boon to the industry over the five-year period. Nevertheless, increased competition from external industries, as well as steep declines in the world prices of gold and silver, have stifled industry growth. The industry will continue to post nominal gains over the five years to 2023, with the price of gold further decreasing and limiting price markups, despite economic growth...purchase to read more.

Industry Statistics & Market Size
Revenue
$35bn
Annual Growth 13-18
0.1%
Forecast Growth 18-23
Profit
Employment
166,698
Businesses
65,264
Market Share of Companies

Industry Threats & Opportunities

  • Fluctuations in the prices of gold, silver, platinum and diamonds have both positive and negative effects on the industry
  • Competition increases as consumer dollars are lost to competing industries
  • Growth in the US economy will support industry demand
  • Industry Report - Industry SWOT Analysis Chapter

    The Jewelry Stores industry is in the mature phase of its life cycle. IBISWorld expects industry value added (IVA), which measures an industry's contribution to the overall economy, to grow at an annualized rate of 0.1% over the 10 years to 2023. Comparatively, GDP is expected to expand at an annualized rate of 2.2% over the same period. Maturity is generally indicated by IVA growth that is in line with or slightly slower than GDP growth, marking the Jewelry Stores industry as mature.The technology used in this industry has not changed significantly over the five years to 2018 and is not expected to experience any substantial growth throughout the next five years, which is indicative of a mature industry. IBI...purchase to read more.

    Additional Insights for the Jewelry Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Jewelry Stores 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 and Households earning more than $100,000 in the Jewelry Stores industry impact industry performance..

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    What's in this report

    What is the Jewelry Stores 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. 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
  • Pearl and other gemstone jewelry
  • Gold jewelry
  • Watches
  • Other merchandise
  • Industry Activities
  • Selling new jewelry (except costume jewelry)
  • Selling new sterling and plated silverware
  • Selling new watches and clocks
  • 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
  • Households earning more than $100,000
  • Marriage rate
  • World price of gold

  • Current Performance
  • Demand and profit
  • Competitive threats
  • The price of quality
  • Chart: Revenue Growth

  • Industry Outlook
  • Conditions and competition
  • Product knowledge
  • Table: Jewelry Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Jewelry Stores 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
  • Other merchandise
  • Watches
  • Gold jewelry
  • Pearl and other gemstone jewelry
  • Chart: Jewelry Stores Industry Products and Services Segmentation

  • Demand Determinants
  • Economic trends
  • Consumer habits
  • Global supply

  • Major Markets
  • Highest income quintile
  • Fourth income quintile
  • Second income quintile
  • Third income quintile
  • Lowest income quintile
  • Chart: Major Market Segmentation for the Jewelry Stores 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 and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Jewelry Stores

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Signet Jewelers Ltd.,
  • Table: Signet Jewelers Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Jewelry Stores 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 Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • World price of gold (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Aspirational Shopper
  • A consumer who makes luxury purchases priced below $300 in order to satisfy their need for shopping on a tight budget.
  • Big-Box Store
  • 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.
  • Cut
  • The angles and proportions created in transforming a rough diamond into a polished diamond. A diamond that is well cut is more valuable than a diamond that is not.
  • 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.
  • Karat
  • A unit of measurement that describes the purity of gold.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Jewelry Stores Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

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

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