Jewelry & Watch Manufacturing Industry Overview

Excerpt from Jewelry & Watch Manufacturing Report

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

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 industry is concentrated: the 50 largest companies account for about 70 percent of industry revenue.

Products, Operations & Technology

Gold and platinum jewelry accounts for more than 70 percent of industry revenue. Other products include silver jewelry, pearls, and precious stones, which are polished and cut. In addition to jewelry, personal goods products, such as cigarette cases and lighters, vanity cases and compacts; coins, trimmings for umbrellas and canes; and jewel settings and mountings are included.