The US Jewelry Market Report
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1 The US Jewelry Market Report
2 Executive Summary 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.
3 Spending Growth US$ Billion US$ Billion Economic growth, increasing urbanization and increasing employment in the US to impact the jewelry market.. The US Fine Jewelry Market by Value ( E) The US is the one of the largest fine jewelry market and it recorded sales of US$... billion in 2014 which is estimated to have increased to US$... billion in Jewelry & Watches received a. spending growth in the US in 2015 as compared to handbags, luggage with.. growth and footwear, cosmetics and perfumes with growth each. The US fine jewelry & watch sales were recorded at US$74.7 billion in the year 2014 and is estimated to have increased to US$75.4 billion in E The US Category Spending Growth (2015) The US Fine Jewelry & Watch Sales by Value ( E) Handbags & Luggage Footwear Cosmetics & Perfumes Jewelry & Watches Clothing Home Furniture and Furnishings E
4 US$ Billion Thousands Increase in online shopping, emerging market for men s jewelry and rising preference of innovative and branded jewelry is adding to the popularity of the US jewelry industry. The US Jewelry Stores by Volume ( E) The number of stores in the US was.. thousand in 2014 and is estimated to be.. thousand in It has been found that lower income households spent a smaller portion of their income on jewelry, while higher income households spent more, with a total variation of.. to. As of 2015, it is estimated that diamond jewelry and loose diamonds form the top two sales segment with.. and. share followed by repairs and colored stone jewelry with.. and respectively. The US specialty jewelers market recorded sales of US$... billion in 2014 and is expected to have clocked the.. value of sales in 2015 also E The US Jewelry Sales by Category (2015E) Specialty Jewelers Market by Value ( E) E
5 US$ Billion The future outlook of the US jewelry market would mainly be driven by increased internet penetration, economic growth and increased urban population. The US Jewelry Market Forecast ( E) E 2017E 2018E 2019E The US Jewelry industry is poised to grow at a compounded annual growth rate of % from US$...billion in 2014 to US$... billion by Growing economic growth, increasing urbanization, increased internet penetration, and technological advancements and branded jewelry are likely the drivers of the US jewelry market Cybercrime and fraud, volatile commodity pricing and lack of expert device have posed a major threat for this industry.
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