$21.4bn
$X.Xbn
29,007
8,306
$X.Xbn
Jewelry manufacturers produce jewelry items or silverware using precious or semiprecious metals and stones. Jewelry sales are largely discretionary in nature. Luxury and custom jewelry items are dependent on downstream demand from consumers. Per capita disposable income has increased in recent years, although these increases did not translate to higher demand in 2020, mainly due to increasing uncertainty. Similarly, the global price of gold and silver skyrocketed since the pandemic, with jewelry prices following closely. Manufacturers are characterized by significant price competition, resulting in falling demand amid higher prices. These factors have led to jewelry manufacturing revenue falling at an estimated CAGR of 2.3% to $21.4 billion through 2024, including a 2.4% dip that year alone.
Industry revenue has declined at a CAGR of 2.3 % over the past five years, to reach an estimated $21.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Tiffany & Co | 1,540.2 | 65.2 | 4.2 |
To view the market share and analysis for all 1 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Precious metal jewelry and accessories made from gold and platinum, Precious and semi-precious metal jewelry excluding gold and platinum and Jewelers' materials and lapidary work manufacturing. Precious metal jewelry and accessories made from gold and platinum is the largest segment of the Jewelry Manufacturing in the US.
Precious metal jewelry and accessories made from gold and platinum are in high demand
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.
Purchase this report to view all 1 major companies in this industry.
NAICS 33991 - Jewelry Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
High import penetration increases price competition. This has negatively affected profitability and pushed out manufacturers unable to lower prices.
Learn about an industry's products and services, markets and trends in international trade.
Precious metal jewelry continues to be the most valuable segment, generating nearly half of manufacturing revenue. Its high prices are driven by its valuable materials and it...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Manufacturers based within proximity to wholesalers lower transportation costs. These regions often have higher disposable income levels and higher sales, creating opportunit...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Jewelry is very similar by nature, requiring manufacturers to offer a wide range of styles. This creates a need for having little inventory for multiple pieces.
Learn about the performance of the top companies in the industry.
Major companies design new themed collections to appeal to customers. These collections are often in collaboration with artists and athletes.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Growing interest rates and inflation have lowered the sales of discretionary products, affecting industry demand.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchase costs are subject to high price volatility. The soaring prices of gold, silver and precious gemstones drive operating costs.
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Jewelry Manufacturing in the US industry in United States is $21.4bn in 2024.
There are 8,306 businesses in the Jewelry Manufacturing in the US industry in United States, which has declined at a CAGR of 2.6 % between 2019 and 2024.
The market size of the Jewelry Manufacturing in the US industry in United States has been declining at a CAGR of 2.3 % between 2019 and 2024.
Over the next five years, the Jewelry Manufacturing in the US industry in United States is expected to grow.
The biggest company operating in the Jewelry Manufacturing market in United States is Tiffany & Co
Manufacturing bracelets and Manufacturing rings are part of the Jewelry Manufacturing in the US industry.
The company holding the most market share in United States is Tiffany & Co.
The level of competition is high and steady in the Jewelry Manufacturing in the US industry in United States.