Jewelry & Watch Wholesaling in the US
Operators in the Jewelry and Watch Wholesaling industry experienced significant revenue volatility over the past five years. Any large changes in commodity prices such as gold, silver and platinum have a strong influence on industry revenue. Since fine jewelry is relatively price inelastic, an increase in price generally positively correlates with industry revenue. Over the past five years, the price of popular precious metals used most frequently in jewelry manufacturing has displayed extreme volatility. Large fluctuations in the price of precious metals have constrained industry profit (i.e. earnings before interest and tax) growth over the five years to 2016. Revenue is expected to grow at a slower pace over the next five years. While the price of gold is expected to decline slightly, the prices of silver and platinum are anticipated to rise. Additionally, resurging demand for high-end watches is also expected to boost revenue and margins over the next five years.
Operators in this industry wholesale fine jewelry, costume jewelry, watches, clocks, precious metals and metal flatware, precious and semiprecious stones, silverware and jewelers’ findings. This industry does not include the wholesale of precious metal ores or flatware made of nonprecious metal.
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.
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