The US Jewelry Market Report: 2016 Edition

  • ID: 3782114
  • Report
  • Region: United States
  • 59 Pages
  • Koncept Analytics
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until Dec 31st 2018
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The US Jewelry Industry: The Shine is Coming Back

FEATURED COMPANIES

  • Blue Nile
  • Signet
  • Tiffany & Co.
  • MORE
Jewelry is one of the most valuable segments in trade and commerce industry. The sector sways between inexpensive jewelry pieces for daily wear, to special items like engagement rings and watches meant for celebrating special events, to investment pieces priced and sold similar to antique pieces and fine art. Inspired by the growing economy and rising personal income, the US jewelry market has witnessed an impressive growth thus expanding the boundaries of its existing realm.

Jewelry market’s retail as well as online segment both are fiercely competitive and are highly fragmented. Considering the several elements utilized in jewelry industry, gold has always dominated the industry on account of its vivid physical and chemical properties like luster and ease of fabrication. Apart from gold, other chief metals employed in the jewelry industry include platinum, silver, titanium, and palladium among others.

The key factors which are anticipated to drive US jewelry market include economic growth, increasing urbanization and rise of middle class, increasing employment in the US, rising internet penetration and increase in working women population.

Some of the significant developments of this industry include usage of diamond rings in marriages, increase in online shopping, emerging market for men’s jewelry and rising preference for innovative and branded jewelry. However, the challenge to be faced ahead is bankruptcies and mergers, volatile commodity pricing, less emphasis on holiday season and cybercrime and fraud.

This report offers a comprehensive analysis of the US jewelry market. Furthermore, market dynamics such as key trends and development; and challenges are analyzed in depth. On the contention front, the market is reined by few major players namely Signet, Tiffany & Co., Blue Nile and LVMH. The competitive landscape of the respective market, along with the company profiles of the leading players are also discussed in detail.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Blue Nile
  • Signet
  • Tiffany & Co.
  • MORE
1 The US Jewelry Market: An Introduction
1.1 Jewelry Market Supply Chain
1.2 Jewelry Market Segmentation
1.2.1 On the Basis of Category
1.2.2 On the Basis of Distribution Channels
1.2.3 On the Basis of Quality and Value

2. Global Jewelry Market
2.1 Global Gold Jewelry Market
2.1.1 Global Gold Jewelry Demand by Value
2.1.2 Global Gold Jewelry Demand by Volume
2.1.3 Gold Jewelry Demand by Region
2.2 Global Diamond Market
2.2.1 Global Diamond Production by Volume
2.2.2 Diamond Penetration Rate by Region
2.2.3 Expected Diamond Mines Closure

3. The US Jewelry Market
3.1 The US Fine Jewelry Market by Value
3.2 The US Category Spending Growth
3.3 The US Fine Jewelry & Watch Sales by Value
3.4 The US Jewelry Stores by Volume
3.5 Average Spending on Jewelry by Income Level
3.6 Average Spending on Jewelry by Age Group
3.7 The US Jewelry Sales by Category
3.8 Specialty Jewelers Market by Value
3.9 The US Specialty Jewelers Holiday Sales by Value
3.10 The US Online Jewelry Market by Value
3.11 The US Retail Ecommerce Sales by Category

4. Market Dynamics
4.1 Growth Drivers
4.1.1 Economic Growth
4.1.2 Increasing Urbanization and Rise of Middle Class Population
4.1.3 Increasing Employment in the US
4.1.4 Increasing Internet Penetration
4.1.5 Increasing Working Women Population
4.2 Market Trends
4.2.1 Usage of Diamond Rings and Jewelry in Marriages
4.2.2 Increase in Online Shopping
4.2.3 Emerging Market for Men’s Jewelry
4.2.4 Rising Preference for Innovative, Branded and Vintage Diamond Jewelry
4.2.5 Consistent Growth in Sales of Jewelry in the US
4.3 Challenges
4.3.1 Bankruptcies and Mergers
4.3.2 Volatile Commodity Pricing
4.3.3 Less Emphasis on Holiday Season
4.3.4 Cybercrime and Fraud
4.3.5 Lack of Expert Advice and Real Product Examination

5. Competitive Landscape

6. Company Profiles
6.1 Signet
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 Tiffany & Co.
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies
6.3 Blue Nile
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies
6.4 LVMH (Moet Hennessy Louis Vuitton)
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies

7. Market Outlook
7.1 Market Forecast
7.2 Forecast Methodology
7.2.1 Dependent and Independent Variables
7.2.2 Correlation Analysis
7.2.3 Regression Analysis

List of Charts

- Gem & Jewelry Industry Supply Chain
- Jewelry Market by Category
- Jewelry Distributions Channels
- Jewelry Types by Quality
- Global Gold Jewelry Demand by Value (2014-2016)
- Global Gold Jewelry Demand by Volume (2014-2016)
- Gold Jewelry Demand by Top Region (2015)
- Diamond Jewelry Supply Chain
- Global Diamond Production by Volume (2010-2015E)
- Diamond Penetration Rate by Region (2015E)
- Expected Mines Closure (2015-2039E)
- The US Fine Jewelry Market by Value (2009-2015E)
- The US Category Spending Growth (2015)
- The US Fine Jewelry & Watch Sales by Value (2009-2015E)
- The US Jewelry Stores by Volume (2005-2015E)
- Average Expenditure on Jewelry by Income as a Percent of Total Household Expenditures (2014)
- Jewelry Expenditure by Age Group Compared to Average Expenditure (2004-2014)
- The US Jewelry Sales by Category (2015E)
- Specialty Jewelers Market by Value (2009-2015E)
- The US Specialty Jewelers Holiday Sales by Value (2008-2015E)
- The US Online Jewelry Market by Value (2009-2015)
- The US Retail Ecommerce Sales by Category (2015)
- GDP Growth in the US (2008-2015E)
- The US Urban Population (2008-2015E)
- Middle Class Population by Country (2015)
- The US Unemployment Population Rate (2010-2015)
- The US Internet Users by Volume (2009-2015)
- Internet Penetration by Percentage of Population of the US (2009-2015E)
- Global Working Women Population (2006-2017E)
- Marriages in the US by Volume (2004-2014)
- Women Receiving Diamond Engagement Ring by Percentage (2002-2014)
- Growing Importance of Branded Jewelry (2010-2014)
- The US Jewelry Sales Growth (March 2016)
- The US Jewelry Business Discontinuances (2014/2015)
- Emphasis on Holiday Season for Specialty Jewelers Sale (2004/2014)
- The US Online Jewelry Market (2015)
- Signet’s Net Sales by Operating Segment (2015)
- Signet’s Net Sales by Brands (2015)
- Signet’s Sales and Net Income (2010-2015)
- Tiffany & Co.Net Sales by Segment (2015)
- Tiffany & Co.Net Sales by Region (2015)
- Tiffany & Co.’s Net Sales and Net Income (2011-2015)
- Blue Nile’s Net Sales by Region (2015)
- Nile’s Net Sales and Net Income (2015)
- LVMH’s Revenue by Segment (2015)
- LVMH’s Revenue by Region (2015)
- LVMH’s Revenue and Net Income (2011-2015)
- The US Fine Jewelry market Forecast (2014-2019E)

List of Tables

- Commodity Pricing Over Years (2009-2015E)
- Specialty Jewelry Chains with more than 25 Stores (2015)
- Dependent & Independent Variables (2010-2015)
- Correlation Matrix
- Model Summary - Coefficient of Determination
- Regression Coefficients Output
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Blue Nile
  • Signet
  • Tiffany & Co.
  • MORE
The US jewelry market is recovering back on track after the recession. The latest trends clearly show an improvement in the jewelry market. Jewelry market’s retail as well as online segment both are fiercely competitive and are highly fragmented.

The sector sways between inexpensive jewelry pieces for daily wear, to special items like engagement rings and watches meant for celebrating special events. Stimulated by the increasing economy and growing personal income, the US jewelry market has observed an impressive growth thus expanding the boundaries of its existing realm.

Competition in the jewelry marketplace is based on a variety of factors, the most important of which are price, quality, design, service, availability of product, and promotional incentives. Several new competitors are emerging and traditional jewelers are growing fast online. Online shopping has proved to be a big boon for this industry. While the online jewelry market is expanding faster than the offline market, new online competitors are also budding with unique models.

As per the report "The US Jewelry Market: 2016 Edition", the demand for jewelry market will be driven by economic growth, increasing urbanization, falling unemployment, increased internet penetration and an increase in the working women population.

Some of the noteworthy trends and developments of this industry are usage of diamond rings and jewelry in marriages, increase in online shopping, emerging market for men’s jewelry and rising preference for innovative and branded jewelry. However, the expansion of jewelry market is hindered by effect of bankruptcies and mergers, volatile commodity pricing, less emphasis on holiday season and cybercrime and fraud.

The report presents an in-depth analysis of the global market along with a focus on all major regions. A thorough analysis has been conducted on key market players covering their business overview, product portfolio, financial overview and business strategies.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Note: Product cover images may vary from those shown
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- Blue Nile
- LVMH (Moet Hennessy Louis Vuitton)
- Signet
- Tiffany & Co.
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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