$75.8bn
$X.Xbn
182k
70,065
$X.Xbn
The Jewelry Stores industry has been experiencing solid growth thanks to the hike in consumer spending that drives demand. High-income households make up a considerable chunk of the consumer base, contributing significantly to the industry's revenue. However, the industry grapples with a rising tide of challenges, like increased competition from online marketplaces and department stores. Jewelry stores' revenue has increased at a CAGR of 7.6% over the past five years and is expected to total $75.8 billion in 2024, when revenue will hike by an estimated 2.2%.
Industry revenue has grown at a CAGR of 7.6 % over the past five years, to reach an estimated $75.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
LVMH Moët Hennessy Louis Vuitton SE | 10,409.3 | 2,877.2 | 27.6 | |
Signet Jewelers Limited | 6,628.2 | 697.1 | 10.5 | |
Compagnie Financiere Richemont Sa | 3,433.0 | 840.4 | 24.5 |
To view the market share and analysis for all 6 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Diamond jewelry, Pearl and other gemstone jewelry and Gold jewelry. Diamond jewelry is the largest segment of the Jewelry Stores in the US.
Lab-grown diamonds have shifted the diamond jewelry segment
Jewelry stores primarily sell new jewelry, timepieces and sterling and plated silverware. This industry also encompasses companies that offer these products in conjunction with engraving or repair services. Online retailers, mail-order businesses and direct-sales retailers specializing in these products are included in this category.
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NAICS 44831 - Jewelry Stores 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.
E-commerce propels growth in the industry. To stay competitive, brick-and-mortar jewelry stores amplify their online presence, improving in-store experiences and striking a b...
Learn about an industry's products and services, markets and trends in international trade.
Lab-grown diamonds are becoming increasingly popular. Their growing availability has attracted consumers who are looking for more affordable and environmentally friendly diam...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Jewelry stores focus on high-earning population areas. This strategic location choice allows the stores to boost their potential customer base, targeting a demographic that's...
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 stores compete on product selection, price and quality. Establishing a quality brand reputation is crucial for attracting customers who view jewelry as an investment.
Learn about the performance of the top companies in the industry.
LVMH Moët Hennessy Louis Vuitton is the largest player in the industry. The company has expanded its market share through a series of large acquisitions.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Jewelry stores must adhere to various regulations. They need to comply with labor laws and safety guidelines to maintain high product quality and ensure customer satisfaction...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Tech advancements boost profit. Integrating new technologies, such as 3D printing and CAD, has revolutionized cost-effectiveness and increased production capabilities, allowi...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Jewelry Stores in the US industry in United States is $75.8bn in 2024.
There are 70,065 businesses in the Jewelry Stores in the US industry in United States, which has grown at a CAGR of 0.8 % between 2019 and 2024.
The market size of the Jewelry Stores in the US industry in United States has been growing at a CAGR of 7.6 % between 2019 and 2024.
Over the next five years, the Jewelry Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Jewelry Stores market in United States are LVMH Moët Hennessy Louis Vuitton SE, Signet Jewelers Limited and Compagnie Financiere Richemont Sa
Diamond jewelry retailing and Pearl and gemstone jewelry retailing are part of the Jewelry Stores in the US industry.
The company holding the most market share in United States is LVMH Moët Hennessy Louis Vuitton SE.
The level of competition is high and increasing in the Jewelry Stores in the US industry in United States.