Jewelry & Watch Wholesaling in the US
Operators in the Jewelry and Watch Wholesaling industry have experienced volatility over the five years to 2019. The weight of the precious metal that a piece of jewelry contains largely determines its retail price. Consequently, any large changes in the prices of commodities such as gold, silver or platinum have a strong influence on the industry. The prices of popular precious metals, which are inputs for the items industry operators wholesale, have been volatile over the past five years, hampering the industry. Furthermore, the price of gold comprises a large portion of the purchasing costs for wholesalers. With purchases representing such a large percentage of revenue, industry profit margins have remained low. Overall, industry revenue is expected to decline during the current period. This trend is forecast to reverse over the five years to 2024, as industry revenue is projected to expand. The prices of gold, silver and platinum are all anticipated to rise over the next five years, which will likely help operators price products more aggressively.
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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