Polishing up: Rising imports and recovered consumer spending have increased revenue growthAbstractJewelry & Watch Wholesaling in the US
Operators in the Jewelry and Watch Wholesaling industry have experienced volatility over the past five years. The prices of popular precious metals, which are inputs for the items industry operators wholesale, have been volatile. Early in the period, as consumer confidence remained below historical averages, investors turned to safe assets like gold, pushing up the asset’s price. Rising prices meant industry operators spent more on inputs. This trend reversed in the latter half of the period as commodity prices fell due to increasing consumer confidence and an oversupply of commodities. Revenue is expected to grow at a slow pace over the five years to 2022. While the price of gold and silver is expected to decline slightly, the price of platinum is anticipated to rise during the period. Additionally, resurging demand for high-end watches is also expected to boost revenue and margins.
Operators in this industry wholesale fine jewelry, costume jewelry, watches, clocks, precious metals and metal flatware, precious and semiprecious stones, silverware and jewelers’ findings. This industry does not include the wholesale of precious metal ores or flatware made of nonprecious metal.
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.