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Jewelry Manufacturing in the US
IBISWorld, July 2011, Pages: 34
Lacking luster: Import penetration and high input costs will keep revenue growth dull
Jewelry Manufacturing in the US
Lackluster performance
Beginning in the early 2000s, a rift between US jewelry manufacturers' slumping revenue and buoyant retail sales began to grow after major jewelry manufacturers began shifting operations to China, India, Israel and the Middle East to save on input and labor costs. Because of this offshoring and outsourcing trend, imports and exports have accounted for a growing proportion of the industry since 2006. As a result, rising competition and import penetration are cutting into industry profit, as are increasing prices for base materials. Fortunately, renewed incomes will keep the industry from declining significantly.
Operators in this industry manufacture jewelry or silverware using precious or semi-precious metals and stones. Costume jewelry manufacturers, specialty coin producers and lapidaries (artisans who forms stones, minerals and other durable materials into decorative items like cameos and engraved gems) are also included in this industry.
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.
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