United States Gems and Jewelry Market Introduction and Overview
According to SPER Market Research, the United States Gems and Jewelry Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the United States Gems and Jewelry Market, including market size and trends, product mix, distribution channels, and supplier analysis. Gems and jewelry include a variety of items made of platinum, gold, gemstones, and other materials. Because jewels and jewelry are valued customarily in many cultures around the world, this is one of the fastest expanding markets. In order to gain more recognition and boost their market share, a number of well-known businesses plan to invest in marketing, advertising, and the opening of additional showrooms. Furthermore, Throughout history, jewels and gems have captivated people's attention. The market for gems and jewelry has consistently stood as a testament to beauty, workmanship, and cultural significance—from ancient civilizations who adorned themselves with priceless stones to contemporary customers expressing their individual styles.
Market Opportunities and Challenges
Opportunities: Due to its inventive potential and broad market situation, the US gem and jewelry sector offers a wide range of opportunities. There is a sizable market for gemstones and jewelry of all kinds in the United States, from upscale diamonds to handcrafted items, thanks to a strong consumer base and a taste for premium goods. In addition, the nation's state-of-the-art infrastructure and technology support innovative production techniques and design breakthroughs, allowing businesses to create distinctive and superior goods. The growth of e-commerce platforms has created new opportunities for market expansion as well, giving companies access to both domestic and international clientele. Furthermore, the United States of America has a thriving creative and entrepreneurial culture that fosters the growth of up-and-coming designers and companies.
Challenges: It also faces a number of challenges. These include shifting customer preferences, especially among younger consumers, worries about the legitimacy of gemstones, and fluctuating gold prices. But these difficulties also offer chances for creativity and adjustment. Companies are spending money on websites that let customers browse and buy jewelry from the comfort of their homes. Additionally, wearable and lightweight jewelry is becoming more popular, which reflects consumers' shifting tastes and lifestyles.
Market Competitive Landscape
The Gems and Jewelry market in United States is moderately consolidated. Some of the market key players Mot Hennessy Louis Vuitton SA (LVMH), Prada S.p.A, Burberry Group Plc, Giorgio Armani S.p.A, Kering SA, Ralph Lauren Corporation, D.Swarovski KG, De Beers Group, The Swatch Group, Titan Company Limited, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Material, By Product, By Application, By Distribution Channel
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| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region
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| Companies Covered | Mot Hennessy Louis Vuitton SA (LVMH), Prada S.p.A, Burberry Group Plc, Giorgio Armani S.p.A, Kering SA, Ralph Lauren Corporation, D.Swarovski KG, De Beers Group, The Swatch Group, Titan Company Limited, Others.
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COVID-19 Impact on United States Gems and Jewelry Market
The COVID-19 pandemic had a major effect on the US market for jewels and jewelry, offering opportunities as well as problems to participants in the sector. At first, consumer expenditure on luxury items, such as jewelry and diamonds, fell precipitously as a result of widespread lockdowns and economic instability. Closing of brick and mortar stores caused a disruption in the traditional retail channels and a shift in sales towards online platforms. The difficulties experienced by companies in the industry were made worse by supply chain interruptions, especially in global sourcing and manufacturing hubs. But when the economy progressively recovered and consumer confidence increased, jewelry demand surged again, partly due to consumers' unfulfilled craving for luxury and indulgence.
Key Target Audience:
- Consumers (individuals, buyers, collectors)
- Jewelry retailers
- Jewelry designers and manufacturers
- Gemstone miners and dealers
- Luxury goods retailers
- Wholesale distributors
- Online jewelry platforms
- Wedding and event planners
- Others
Our in-depth analysis of the United States Gems and Jewelry Market includes the following segments:
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By Material: |
Gold
Silver
Platinum
Diamond
Others
|
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By Product: |
Rings
Necklaces
Earrings
Bracelets
Chains and Pendants
Others
|
|
By Application: |
Weddings
Collections
Festive Blessing
Fashions
Others
|
|
By Distribution Channel: |
Jewelry Stores
Multi Branded Stores
Standalone
Online
|
Key Topics Covered in the Report:
- United States Gems and Jewelry Market Size (FY’2024-FY’2033)
- Overview of United States Gems and Jewelry Market
- Segmentation of United States Gems and Jewelry Market By Material (Gold, Silver, Platinum, Diamond, Others)
- Segmentation of United States Gems and Jewelry Market By Product (Rings, Necklaces, Earrings, Bracelets, Chains and Pendants, Others)
- Segmentation of United States Gems and Jewelry Market By Application (Weddings, Collections, Festive Blessing, Fashions, Others)
- Segmentation of United States Gems and Jewelry Market By Distribution Channel (Jewelry Stores, Multi Branded Stores, Standalone, Online)
- Expansion Analysis of United States Gems and Jewelry Market
- Problems and Obstacles in United States Gems and Jewelry Market
- Competitive Landscape in the United States Gems and Jewelry Market
- Impact of COVID-19 and Demonetization on United States Gems and Jewelry Market
- Details on Current Investment in United States Gems and Jewelry Market
- Competitive Analysis of United States Gems and Jewelry Market
- Prominent Players in the United States Gems and Jewelry Market
- SWOT Analysis of United States Gems and Jewelry Market
- United States Gems and Jewelry Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the United States Gems and Jewelry Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Gems and Jewelry Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Gems and Jewelry Market
7. United States Gems and Jewelry Market, By Material (USD Million)
7.1. United States Gems and Jewelry Market Value Share and Forecast, By Material, 2024-2033
7.2. Gold
7.3. Silver
7.4. Platinum
7.5. Diamond
7.6. Others
8. United States Gems and Jewelry Market, By Product (USD Million)
8.1. United States Gems and Jewelry Market Value Share and Forecast, By Product, 2024-2033
8.2. Rings
8.3. Necklaces
8.4. Earrings
8.5. Bracelets
8.6. Chains and Pendants
8.7. Others
9. United States Gems and Jewelry Market, By Application (USD Million)
9.1. United States Gems and Jewelry Market Value Share and Forecast, By Application, 2024-2033
9.2. Weddings
9.3. Collections
9.4. Festive Blessing
9.5. Fashions
9.6. Others
10. United States Gems and Jewelry Market, By Distribution Channel (USD Million)
10.1. United States Gems and Jewelry Market Value Share and Forecast, By Distribution Channel, 2024-2033
10.2. Jewelry Stores
10.3. Multi Branded Stores
10.4. Standalone
10.5. Online
11. United States Gems and Jewelry Market Forecast, 2020-2033 (USD Million)
11.1. United States Gems and Jewelry Market Size and Market Share
12. United States Gems and Jewelry Market, By Material, 2020-2033 (USD Million)
12.1. United States Gems and Jewelry Market Size and Market Share By Material (2020-2026)
12.2. United States Gems and Jewelry Market Size and Market Share By Material (2027-2033)
13. United States Gems and Jewelry Market, By Product, 2020-2033 (USD Million)
13.1. United States Gems and Jewelry Market Size and Market Share By Product (2020-2026)
13.2. United States Gems and Jewelry Market Size and Market Share By Product (2027-2033)
14. United States Gems and Jewelry Market, By Application, 2020-2033 (USD Million)
14.1. United States Gems and Jewelry Market Size and Market Share By Application (2020-2026)
14.2. United States Gems and Jewelry Market Size and Market Share By Application (2027-2033)
15. United States Gems and Jewelry Market, By Distribution Channel, 2020-2033 (USD Million)
15.1. United States Gems and Jewelry Market Size and Market Share By Distribution Channel (2020-2026)
15.2. United States Gems and Jewelry Market Size and Market Share By Distribution Channel (2027-2033)
16. United States Gems and Jewelry Market, By Region, 2020-2033 (USD Million)
16.1. United States Gems and Jewelry Market Size and Market Share By Region (2020-2026)
16.2. United States Gems and Jewelry Market Size and Market Share By Region (2027-2033)
16.3. Eastern Region
16.4. Western Region
16.5. Northern Region
16.6. Southern Region
17. Company Profile
17.1. Mot Hennessy Loius Vuitton SA (LVMH)
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Prada S.p.A
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Burberry Group Plc
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Giorgio Armani S.p.A
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Kering SA
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Ralph Lauren Corporation
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. D.Swarovski KG
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. De Beers Group
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. The Swatch Group
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Titan Company Limited
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
