Jewelry Stores in the US - Market Research Report (2014-2029)

Gold medal: Competition is expected to drive out smaller industry operators over the next five years

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.

The Jewelry Stores industry sells jewelry, timepieces and sterling and plated silverware from brick-and-mortar establishments. Demand for industry products has remained strong over the five years to 2022 as a result of increased consumer spending. Furthermore, given that most demand is driven by consumers earning more than $100,000 the industry has benefited from the growing number of households in this income segment. Nonetheless, the industry has contended with external competition from online retailers and pressures related to the COVID-19 (coronavirus) pandemic, mitigating growth. In turn, industry revenue has decreased at an annualized rate of 1.8% to $32.2 billion over the five years to 2022, including an expected decrease of 2.8% in 2022 alone despite the economy settling back to normal.

Operators in this industry sell new jewelry, timepieces and sterling and plated silverware. Companies that vend these products in combination with engraving or repair services are also included in the industry. Operators do not cut and set gemstones or sell costume jewelry or antiques. They also do not sell used goods or provide repair services without also selling new jewelry products. Moreover, this industry does not include internet, mail order or direct sales retailers.