1.1 Definition and presentation
The jewelry sector identifies the set of production processes that lead to the creation of accessories and precious ornaments. In fact, in ancient times, the jewel had a symbolic value, often religious or spiritual, and was represented mostly by amulets or good luck charms. A meaning that, over time, has changed radically, but that continues to identify the jewel as a symbol of beauty and status, meanings not too far from its original value.
The jewelry industry is mainly driven by certain product categories:
The years preceding 2020 have demonstrated negative growth in the US jewelry market; between 2014 to 2019, the annual growth was -2.4%.
Demand for jewelry is positively correlated to economic growth and inflation. Factors such as an increasing proportion of HNWIs and a soaring urban population also contributes to positive growth. However, the US market is facing hurdles of growth as well including a declining number of tourists, reduction in the number of independent jewelers and a decline in weddings. [researchandmarkets] Large retailers include Signet and Tiffany’s (acquired by LVMH in 2020).
To keep reading, buy the full research
What is in this market study?
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What are the latest trends in this market?
- What is the positioning of companies in the value chain?
- How do companies in the market differ from each other?
- Access company mapping and profiles.
- Data from several dozen databases
This market study is available online and in pdf format (30 p.)
- Consult an example PDF or online
Availability within 10 business days
1 sector analyzed
in 40 pages
The jewellery market - France
Very comprehensive and well researched I appreciate the disclosure of sources when publishing data
Hi Richard, Thank you for your feedback and we are glad that this study gave you a good overview of the market.