Stagnant levels of household wealth, high unemployment rates and uncertain economic conditions resulted in low disposable income levels in the five years to 2014, manifesting in modest growth for the Jewelry and Watch Wholesaling industry. However, as downstream demand has slowly rebounded, wholesaling revenue has increased. In addition, a reduction in the world price of gold has improved profitability over the period. In the five years to 2019, improved economic conditions will boost overall consumer spending, encouraging consumers to buy jewelry and watches, which yields better results for the industry. Rising import penetration will likely strengthen the role of the wholesalers as distributors, also aiding revenue growth.
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.