Jewelry Stores in New York
The Jewelry Stores industry in New York consists of brick-and-mortar establishments that primarily retail jewelry and timepieces. Over the five years to 2017, the industry has performed well as positive macroeconomic conditions have stimulated demand for the highly discretionary goods retailed by this industry. Furthermore, growth in the number of international travelers visiting the state of New York has provided a boost to industry operators, as many tourists come to New York City to shop in the metropolitan fashion hub; New York City's Diamond District and the Tiffany & Co.'s Flagship store serve as tourist attractions and help the industry capture tourist dollars. IBISWorld expects that the same factors that underpinned growth in the Jewelry Stores industry since 2012 will continue driving the industry's expansion over the five years to 2022.
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.