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          1. Jewelry Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 5/18/2020
            SIC Codes: 3911
            NAICS Codes: 339910
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Jewelry Manufacturing Industry Profile

            Companies in this industry manufacture jewelry, silverware, and items such as compacts and cigarette cases from precious metals, gemstones, and other materials. Major companies include US-based James Avery Craftsman, Richline Group, and Tiffany, as well as Bulgari (Italy), Cartier (France), D Swarovski & Co (Austria), Kingold Jewelry (China), and PANDORA (Denmark).

            Global jewelry sales, estimated to be $310 billion in 2016, are projected to grow 5% a year through 2020, according to Euromonitor. The US, China, and India are the largest jewelry markets. Demand for diamond and gold jewelry in China and India will fuel much of the industry's growth over the next several years.

            The US jewelry manufacturing industry includes about 2,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $7.5 billion.

            COMPETITIVE LANDSCAPE

            Demand for jewelry is driven by personal income and world gold and silver prices. The profitability of individual companies depends on efficient operations and cost controls. Large companies have advantages in offering a broader product line to meet consumers' changing desires, and in efficient production and distribution operations. Small companies can compete effectively by offering individualized and unique product lines. The US industry is concentrated: the 50 largest companies account for about 70% of industry revenue. About 90% of US jewelry manufacturers have fewer than 20 employees.

            US jewelry manufacturers must compete on price with cheaper overseas producers. Transitioning to a production ...

             
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