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Jewelry Manufacturing in the US
IBISWorld, April 2009, Pages: 42
This industry comprises establishments primarily engaged in one or more of the following: (1) manufacturing, engraving, chasing, or etching jewelry; (2) manufacturing metal personal goods (i.e., small articles carried on or about the person, such as compacts or cigarette cases); (3) manufacturing, engraving, chasing, or etching precious metal solid, precious metal clad, or pewter cutlery and flatware; (4) manufacturing, engraving, chasing, or etching personal metal goods (i.e., small articles carried on or about the person, such as compacts or cigarette cases); (5) stamping coins; (6) manufacturing unassembled jewelry parts and stock shop products, such as sheet, wire, and tubing; (7) cutting, slabbing, tumbling, carving, engraving, polishing, or faceting precious or semiprecious stones and gems; (8) recutting, repolishing, and setting gem stones; and (9) drilling, sawing, and peeling cultured and costume pearls. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are three year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Introduction
Diamonds arent forever
This industry is experiencing a decline in its life cycle, as overseas imports continue to threaten the US domestic market. Operators will likely point the Goldfinger at manufacturers of counterfeit goods and develop technologies to improve authentication of products. The emergence of cheaper, synthetic stones is set to threaten diamond sales in the industry, but may eventually help to bring down the average cost of jewelry in the long term.
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