Jewelry Stores in the US
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.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.