Shine like diamonds: Demand for jewelry and watches will continue as consumers have greater financial stability
Over the past five years, online jewelry and watch sales have grown, with the popularity of online shopping driving the industry's strong revenue performance. Also, demand for jewelry and watches has increased as consumers with higher rates of disposable income have increasingly purchased higher-priced discretionary goods. Despite the economic disruptions brought on by COVID-19 in 2020, online jewelry and watch sales continued grow as the popularity of online shopping skyrocketed. Overall, industry revenue is expected to increase at a CAGR of 9.3% to $13.8 billion over the five years to 2023, including an increase of 2.7% in 2023 alone.
Operators in this industry sell fine jewelry, artificial jewelry, watches and costume jewelry over the internet. Operators include online-only retailers and brick-and-mortar stores that have an online presence.
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's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amazon.Com Inc.
- Signet Jewelers Limited
- Blue Nile Inc.
- Tiffany & Co
Methodology
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