US Jewelry Market: Industry Analysis & Outlook (2018-2022)
Jewelry consists of small decorative items worn for personal adornment, such as brooches, rings, necklaces, earrings, and bracelets. Jewelry may be attached to the body or the clothes, and the term is restricted to durable ornaments, excluding flowers. For many centuries metal, often combined with gemstones, has been the most used material for jewelry, but other materials such as shells and other plant materials may be used. The most common forms of jewelry listed above have persisted since ancient times.
The U.S. jewelry market has been an ever growing market due to the higher concentration of major jewelry brands in the country, increasing female population and their workforce, improving incomes of individuals, and rapid urbanization. In future, the market would continue to grow due to women empowerment, increasing practice of self-purchase among women, and favorable demographics. The market also gains significant sales value and volume through international tourists. However, the strengthening of US dollar is restricting the international tourists to purchase jewelry in the U.S.
Diamond jewelry, especially diamond ring, is gaining high popularity among women. Gifting diamonds is becoming a trend in the nation. Increasing demand for multi-diamond jewelry pieces is likely to drive the diamond jewelry market in the U.S.
The U.S. jewelry market is fragmented in nature with four major players: Tiffany and company, Richemont, LVMH, and Signet Jewelers. Signet is emerging as a tough competitor through its subsidiaries: Kay Jewelers, Zales and Sterling Jewelers. Tiffany and Company is also gaining a major share of the market. There also exist several small jewelry companies.
- 1. Overview
- 1.1 Introduction
- 1.2 Jewelry Supply Chain
- Table 1: Gem & Jewelry Industry Supply Chain
- 1.3 Jewelry Market by Category
- Table 2: Jewelry Market by Category
- 1.4 Jewelry Type by Quality and Value
- Table 3: Jewelry Types by Quality
- 2. Global Jewelry Market Analysis
- 2.1 Jewelry Market by Value
- Table 4: Global Jewelry Market by Value (2013-2017)
- 2.2 Jewelry Market Forecast by Value
- Table 5: Global Jewelry Market Forecast by Value (2018-2022)
- 2.3 Diamond Jewelry Market by Value
- Table 6: Global Diamond Jewelry Market by Value (2013-2017)
- 2.4 Diamond Jewelry Market Forecast by Value
- Table 7: Global Diamond Jewelry Market Forecast by Value (2018-2022)
- 2.5 Diamond Jewelry Market Share by Region
- Table 8: Global Diamond Jewelry Market Share by Region (2017)
- 3. The U.S. Jewelry Market Analysis
- 3.1 The U.S. Jewelry Sales Growth (YoY)
- Table 9: The U.S. Jewelry Sales Growth (YoY) (2007-2017)
- 3.2 The U.S. Jewelry Market by Value
- Table 10: The U.S. Jewelry Market by Value (2013-2017)
- 3.3 The U.S. Jewelry Market Value Forecast
- Table 11: The U.S. Jewelry Market Value Forecast (2018-2022)
- 3.4 The U.S. Jewelry Market Monthly Sales
- Table 12: The U.S. Jewelry Market Monthly Sales (Jan 2017-Jul 2018)
- 3.5 The U.S. Speciality Jewelers’ Market Share
- Table 13: The U.S. Speciality Jewelers’ Market Share (2013-2017)
- 3.6 The U.S. Speciality Jewelers’ Sales Value
- Table 14: The U.S. Speciality Jewelers’ Sales Value (2013-2017)
- 3.7 The U.S. Speciality Jewelers’ Sales Value Forecast
- Table 15: The U.S. Speciality Jewelers’ Sales Value Forecast (2018-2022)
- 3.8 The U.S. Retail Jewelry Store Sales Value Forecast
- Table 16: The U.S. Retail Jewelry Store Sales Value (2013-2017)
- 3.9 The U.S. Retail Jewelry Store Sales Value Forecast
- Table 17: The U.S. Retail Jewelry Store Sales Value Forecast (2018-2022)
- 3.10 The U.S Diamond Jewelry Market Forecast by Value
- Table 18: The U.S Diamond Jewelry Market Forecast by Value (2017-2022)
- 3.11 The U.S Diamond Jewelry Market by Type
- Table 19: The U.S Diamond Jewelry Market by Type (2017)
- 3.11.1 The U.S Diamond Engagement Ring Market by Value
- Table 20: The U.S Diamond Engagement Ring Market by Value (2013-2017)
- 3.11.2 The U.S Diamond Engagement Ring Market Forecast by Value
- Table 21: The U.S Diamond Engagement Ring Market Forecast by Value (2018-2022)
- 3.11.3 The U.S Diamond Engagement Ring Market by Sales Channel
- Table 22: The U.S Diamond Engagement Ring Market by Sales Channel (2017)
- 4. Market Dynamics
- 4.1 Growth Drivers
- 4.1.1 Increasing Female Population
- Table 23: The U.S. Female Population (Age 15-64) (2013-2017)
- 4.1.2 Rapidly Growing Urbanization
- Table 24: The U.S. Urban Population (2013-2017)
- 4.1.3 Improving Disposable Incomes
- Table 25: The U.S. GNI per Capita (2013-2017)
- 4.1.4 Weddings and Seasonality
- 4.1.5 Online Sales
- 4.2 Key Trends
- 4.2.1 Increasing Demand for Branded Jewelry
- 4.2.2 Purchases of Diamond Jewelry for Gifting
- 4.3 Challenges
- 4.3.1 Decreasing Number of International Tourists
- Table 26: Number of International Tourists in the U.S. (2013-2017)
- 4.3.2 Declining Number of Independent Jewelers
- 5. Competitive Landscape
- 5.1 Revenue Comparison of Key Players
- Table 27: Revenue Comparison of Key Players (2017/18)
- 5.2 Market Cap Comparison of Key Players
- Table 28: Market Cap Comparison of Key Players
- 5.3 The US Jewellery Market Players by Number of Stores
- Table 29: The US Jewellery Market Players by Number of Stores (2017/2018)
- 6. Company Profiles
- 6.1 LVMH
- 6.1.1 Business Overview
- Table 30: LVMH Revenue by Business Group (2017)
- 6.1.2 Financial Overview
- Table 31: LVMH Revenue and Net Profit (2013-2017)
- 6.1.3 Business Strategies
- 6.2 Tiffany & company
- 6.2.1 Business Overview
- Table 32: Tiffany & company revenue by segment (2017)
- 6.2.2 Financial Overview
- Table 33: Tiffany and Company Revenue and Net Earnings (2013-2017)
- 6.2.3 Business Strategies
- Table 34: Tiffany and Company Advertisement Expenditure (2015-2017)
- 6.3 Signet Jewelers
- 6.3.1 Business Overview
- Table 35: Signet Jewelers revenue by segment (2017)
- 6.3.2 Financial Overview
- Table 36: Signet Jewelers Sales and Net Income (2014-2018)
- 6.3.3 Business Strategies
- 6.4 Richemont
- 6.4.1 Business Overview
- Table 37: Richemont Revenue by Segment (2017)
- 6.4.2 Financial Overview
- Table 38: Richemont Sales and Profits (2013-2017)
- 6.4.3 Business Strategies
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