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 James Avery Artisan Jewelry, Richline Group, and Tiffany & Co (all based in the US), as well as Bulgari (Italy), Cartier (France), Kingold Jewelry (China), PANDORA (Denmark), and Swarovski (Austria).

The global jewelry market is expected to reach about $375 billion in 2025, according to Statista. China, India, and the US are the potential top jewelry market.

The US jewelry manufacturing industry includes about 2,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of more than $7 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.

US jewelry manufacturers must compete on price with cheaper overseas producers. Transitioning to a production method that includes 3D printing of jewelry pieces could significantly reduce overall costs for US jewelry designers and makers.

PRODUCTS, OPERATIONS & TECHNOLOGY

Gold and platinum jewelry accounts for about half of industry revenue. Other products include ...