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The US Jewelry Market Report: 2016 Edition

The US Jewelry Market Report: 2016 Edition

Jewelry is one of the most valuable segments in trade and commerce industry. The sector sways between inexpensive jewelry pieces for daily wear, to special items like engagement rings and watches meant for celebrating special events, to investment pieces priced and sold similar to antique pieces and fine art. Inspired by the growing economy and rising personal income, the US jewelry market has witnessed an impressive growth thus expanding the boundaries of its existing realm.

Jewelry market’s retail as well as online segment both are fiercely competitive and are highly fragmented. Considering the several elements utilized in jewelry industry, gold has always dominated the industry on account of its vivid physical and chemical properties like luster and ease of fabrication. Apart from gold, other chief metals employed in the jewelry industry include platinum, silver, titanium, and palladium among others.

The key factors which are anticipated to drive US jewelry market include economic growth, increasing urbanization and rise of middle class, increasing employment in the US, rising internet penetration and increase in working women population. Some of the significant developments of this industry include usage of diamond rings in marriages, increase in online shopping, emerging market for men’s jewelry and rising preference for innovative and branded jewelry. However, the challenge to be faced ahead is bankruptcies and mergers, volatile commodity pricing, less emphasis on holiday season and cybercrime and fraud.

This report offers a comprehensive analysis of the US jewelry market. Furthermore, market dynamics such as key trends and development; and challenges are analyzed in depth. On the contention front, the market is reined by few major players namely Signet, Tiffany & Co., Blue Nile and LVMH. The competitive landscape of the respective market, along with the company profiles of the leading players are also discussed in detail.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.


1 The US Jewelry Market: An Introduction
1.1 Jewelry Market Supply Chain
Table 1: Gem & Jewelry Industry Supply Chain
1.2 Jewelry Market Segmentation
1.2.1 On the Basis of Category
Table 2: Jewelry Market by Category
1.2.2 On the Basis of Distribution Channels
Table 3: Jewelry Distributions Channels
1.2.3 On the Basis of Quality and Value
Table 4: Jewelry Types by Quality
2. Global Jewelry Market
2.1 Global Gold Jewelry Market
2.1.1 Global Gold Jewelry Demand by Value
Table 5: Global Gold Jewelry Demand by Value (2014-2016)
2.1.2 Global Gold Jewelry Demand by Volume
Table 6: Global Gold Jewelry Demand by Volume (2014-2016)
2.1.3 Gold Jewelry Demand by Region
Table 7: Gold Jewelry Demand by Top Region (2015)
2.2 Global Diamond Market
Table 8: Diamond Jewelry Supply Chain
2.2.1 Global Diamond Production by Volume
Table 9: Global Diamond Production by Volume (2010-2015E)
2.2.2 Diamond Penetration Rate by Region
Table 10: Diamond Penetration Rate by Region (2015E)
2.2.3 Expected Diamond Mines Closure
Table 11: Expected Mines Closure (2015-2039E)
3. The US Jewelry Market
3.1 The US Fine Jewelry Market by Value
Table 12: The US Fine Jewelry Market by Value (2009-2015E)
3.2 The US Category Spending Growth
Table 13: The US Category Spending Growth (2015)
3.3 The US Fine Jewelry & Watch Sales by Value
Table 14: The US Fine Jewelry & Watch Sales by Value (2009-2015E)
3.4 The US Jewelry Stores by Volume
Table 15: The US Jewelry Stores by Volume (2005-2015E)
3.5 Average Spending on Jewelry by Income Level
Table 16: Average Expenditure on Jewelry by Income as a Percent of Total Household Expenditures (2014)
3.6 Average Spending on Jewelry by Age Group
Table 17: Jewelry Expenditure by Age Group Compared to Average Expenditure (2004-2014)
3.7 The US Jewelry Sales by Category
Table 18: The US Jewelry Sales by Category (2015E)
3.8 Specialty Jewelers Market by Value
Table 19: Specialty Jewelers Market by Value (2009-2015E)
3.9 The US Specialty Jewelers Holiday Sales by Value
Table 20: The US Specialty Jewelers Holiday Sales by Value (2008-2015E)
3.10 The US Online Jewelry Market by Value
Table 21: The US Online Jewelry Market by Value (2009-2015)
3.11 The US Retail Ecommerce Sales by Category
Table 22: The US Retail Ecommerce Sales by Category (2015)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Economic Growth
Table 23: GDP Growth in the US (2008-2015E)
4.1.2 Increasing Urbanization and Rise of Middle Class Population
Table 24: The US Urban Population (2008-2015E)
Table 25: Middle Class Population by Country (2015)
4.1.3 Increasing Employment in the US
Table 26: The US Unemployment Population Rate (2010-2015)
4.1.4 Increasing Internet Penetration
Table 27: The US Internet Users by Volume (2009-2015)
Table 28: Internet Penetration by Percentage of Population of the US (2009-2015E)
4.1.5 Increasing Working Women Population
Table 29: Global Working Women Population (2006-2017E)
4.2 Market Trends
4.2.1 Usage of Diamond Rings and Jewelry in Marriages
Table 30: Marriages in the US by Volume (2004-2014)
Table 31: Women Receiving Diamond Engagement Ring by Percentage (2002-2014)
4.2.2 Increase in Online Shopping
4.2.3 Emerging Market for Men’s Jewelry
4.2.4 Rising Preference for Innovative, Branded and Vintage Diamond Jewelry
Table 32: Growing Importance of Branded Jewelry (2010-2014)
4.2.5 Consistent Growth in Sales of Jewelry in the US
Table 33: The US Jewelry Sales Growth (March 2016)
4.3 Challenges
4.3.1 Bankruptcies and Mergers
Table 34: The US Jewelry Business Discontinuances (2014/2015)
4.3.2 Volatile Commodity Pricing
Table A: Commodity Pricing Over Years (2009-2015E)
4.3.3 Less Emphasis on Holiday Season
Table 35: Emphasis on Holiday Season for Specialty Jewelers Sale (2004/2014)
4.3.4 Cybercrime and Fraud
4.3.5 Lack of Expert Advice and Real Product Examination
5. Competitive Landscape
Table 36: The US Online Jewelry Market (2015)
Table B: Specialty Jewelry Chains with more than 25 Stores (2015)
6. Company Profiles
6.1 Signet
6.1.1 Business Overview
Table 37: Signet’s Net Sales by Operating Segment (2015)
Table 38: Signet’s Net Sales by Brands (2015)
6.1.2 Financial Overview
Table 39: Signet’s Sales and Net Income (2010-2015)
6.1.3 Business Strategies
6.2 Tiffany & Co.
6.2.1 Business Overview
Table 40: Tiffany & Co.Net Sales by Segment (2015)
Table 41: Tiffany & Co.Net Sales by Region (2015)
6.2.2 Financial Overview
Table 42: Tiffany & Co.’s Net Sales and Net Income (2011-2015)
6.2.3 Business Strategies
6.3 Blue Nile
6.3.1 Business Overview
Table 43: Blue Nile’s Net Sales by Region (2015)
6.3.2 Financial Overview
Table 44: Nile’s Net Sales and Net Income (2015)
6.3.3 Business Strategies
6.4 LVMH (Moet Hennessy Louis Vuitton)
6.4.1 Business Overview
Table 45: LVMH’s Revenue by Segment (2015)
Table 46: LVMH’s Revenue by Region (2015)
6.4.2 Financial Overview
Table 47: LVMH’s Revenue and Net Income (2011-2015)
6.4.3 Business Strategies
7. Market Outlook
7.1 Market Forecast
Table 48: The US Fine Jewelry market Forecast (2014-2019E)
7.2 Forecast Methodology
Table C: Dependent & Independent Variables (2011-2015)
7.2.1 Dependent and Independent Variables
7.2.2 Correlation Analysis
Table D: Correlation Matrix
7.2.3 Regression Analysis
Table E: Model Summary – Coefficient of Determination
Table F: Regression Coefficients Output

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