Jewerly Stores

BARRIERS TO ENTRY
High barriers to entry mean that new companies struggle to enter an industry, while low barriers mean it is easy for new companies to enter an industry.

CAPITAL INTENSITY
Compares the amount of money spent on capital (plant, machinery and equipment) with that spent on labor.
IBISWorld uses the ratio of depreciation to wages as a proxy for capital intensity. High capital intensity is more than $ 0.333 of capital to $ 1 of labor; medium is $ 0.125 to $ 0.333 of capital to $ 1 of labor; low is less than $ 0.125 of capital for every $ 1 of labor.

CONSTANT PRICES
The dollar figures in the Key Statistics table, including forecasts, are adjusted for inflation using the current year (i.e. year published) as the base year. This removes the impact of changes in the purchasing power of the dollar, leaving only the "real" growth or decline in industry metrics. The inflation adjustments in IBISWorld’s reports are made using the US Bureau of Economic Analysis’ implicit GDP price deflator.

DOMESTIC DEMAND
Spending on industry goods and services within the United States, regardless of their country of origin. It is derived by adding imports to industry revenue, and then subtracting exports.

EMPLOYMENT
The number of permanent, part-time, temporary and seasonal employees, working proprietors, partners, managers and executives within the industry.

ASPIRATIONAL SHOPPER
A consumer who makes luxury purchases priced below $ 300.00 to satisfy their need for shopping on a tight budget.

BIG-BOX STORE
A retail store that is differentiated by its sheer size and large range of products, including electronics, household goods and other consumer products.

BRICK AND MORTAR
A store that has a physical presence and location, as opposed to an online retailer.

CUT
The angles and proportions created in transforming a rough diamond into a polished diamond. A diamond that is well cut is more valuable than a diamond that is not.

ELECTRONIC DATA INTERCHANGE (EDI)
The transmission of data between businesses from one computer system to another.

GEMOLOGIST
An expert in precious stones, who can often identify and evaluate types of gems.

KARAT
A unit of measurement that describes the purity of gold.

Historically, bridal products, including engagement rings and wedding bands, have made up a large proportion of industry revenue. However, sales of these products have been affected by a declining marriage rate over the five years to 2022. Additionally, consumer concerns about the ethical sourcing of diamonds have also contributed to declining sales, shifting purchases to lower-priced lab-made diamonds. Conversely, the effect of these declines has been offset by millennials' purchasing habits. Millennials tend to assign value to luxury jewelry products and are more likely to purchase these items for themselves than previous generations. Furthermore, rising gold and silver prices have increased input costs for industry operators, lowering industry profit.