$61.2bn
$X.Xbn
51,482
24,390
$X.Xbn
Volatile economic conditions have impacted jewelry and watch wholesalers in recent years. The 2020 pandemic disrupted jewelry sales as many consumers consider jewelry to be premium products. Elevated economic uncertainty, including weaker disposable income, growing unemployment and high consumer uncertainty, makes consumers more likely to postpone big-ticket purchases, including jewelry. Similarly, rising inflation puts downward pressure on consumers’ disposable income, further discouraging premium purchases. These trends have resulted in revenue falling at an estimated CAGR of 1.5% to $61.2 billion through 2024 when revenue will drop by an estimated 0.7%.
Industry revenue has declined at a CAGR of 1.5 % over the past five years, to reach an estimated $61.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
A-Mark Precious Metals, Inc. | 6,303.5 | 75.0 | 1.2 |
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Industry revenue is measured across several distinct product and services lines, including Diamonds and diamond jewelry, Watches, clocks and parts and Silverware and plated jewelry. Diamonds and diamond jewelry is the largest segment of the Jewelry & Watch Wholesaling in the US.
Precious metals grow and continue to be the largest product offering
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.
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NAICS 42394 - Jewelry & Watch Wholesaling 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.
Large-scale fluctuations in the price of precious metals have led to volatility in jewelry sales. Since these products are considered nonessential, consumers delay their purc...
Learn about an industry's products and services, markets and trends in international trade.
Precious metals wholesaled include gold, silver and platinum. The prices of these metals have fluctuated considerably in recent years amid uncertain economic conditions.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Coastal regions with large ports are attractive regions for wholesalers. These locations make it ideal for access to imported jewelry.
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.
Providing an extensive product range within a subsegment offers a one-stop shop for retailers. Retailers prefer wholesalers that can supply a variety of different products.
Learn about the performance of the top companies in the industry.
The industry is fragmented as most wholesalers are nonemployers. Most wholesalers focus on serving local or regional retailers, enabling them to establish stronger relationsh...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Wholesalers are not subjected to many regulations. Wholesalers that only sell to other businesses must obtain a wholesaler’s license.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Economic uncertainty in recent years has led to the rise in prices of precious metals, including gold and silver. Rising precious metal prices drive purchasing costs for whol...
Including values and annual change:
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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:
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The market size of the Jewelry & Watch Wholesaling in the US industry in United States is $61.2bn in 2024.
There are 24,390 businesses in the Jewelry & Watch Wholesaling in the US industry in United States, which has declined at a CAGR of 2.7 % between 2019 and 2024.
The market size of the Jewelry & Watch Wholesaling in the US industry in United States has been declining at a CAGR of 1.5 % between 2019 and 2024.
Over the next five years, the Jewelry & Watch Wholesaling in the US industry in United States is expected to grow.
The biggest company operating in the Jewelry & Watch Wholesaling market in United States is A-Mark Precious Metals, Inc.
Wholesaling jewelry, precious and semiprecious stones and Wholesaling precious metals and metal flatware are part of the Jewelry & Watch Wholesaling in the US industry.
The company holding the most market share in United States is A-Mark Precious Metals, Inc..
The level of competition is high and steady in the Jewelry & Watch Wholesaling in the US industry in United States.