Jewelry Manufacturing in the US - Industry Market Research Report

Jewelry Manufacturing in the US - Industry Market Research Report

  • October 2019 •
  • 38 pages •
  • Report ID: 198827 •
  • Format: PDF
Rosy gold: Rising import penetration and volatile input costs will limit revenue growth

Abstract

Jewelry Manufacturing in the US
Over the five years to 2019, an appreciating dollar and weak gold prices have negatively affected the Jewelry Manufacturing industry. As the majority of industry revenue is derived from exports, a strong dollar has served to taper international demand for industry products. Popular lower-priced imports are satisfying a growing portion of domestic demand. Unable to compete with imports on the basis of price and to control for currency and exchange rate dynamics, operators in the domestic Jewelry Manufacturing industry are being pressured from all sides. Over the five years to 2024, this industry is expected to continue declining, albeit at a slower pace. However, a continued depreciation of the dollar is expected to aid export revenue growth while muting the impact of imports on industry operators. Nevertheless, in an environment of declining revenue and tough import competition, the domestic industry is showing signs of contraction. Moreover, continued declines in the price of gold are expected to mute returns for industry operators during the outlook period.

Operators in this industry manufacture jewelry or silverware using precious or semiprecious metals and stones. Costume jewelry manufacturers, specialty coin producers and lapidaries (artisans that form stones, minerals and other durable materials into decorative items such as cameos and engraved gems) are also included in this industry.

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.
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