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Volatile economic conditions have impacted jewelry and watch wholesalers in recent years. Elevated economic uncertainty, including weaker disposable income, rising unemployment and heightened consumer uncertainty, makes consumers more likely to postpone big-ticket purchases, including jewelry. Similarly, rising inflation placed downward pressure on consumers’ disposable income, further discouraging premium purchases. These unfavorable macroeconomic conditions have caused sales volume to weaken, though rising commodity prices, like gold and silver, have offset some of those losses. When economic conditions are uncertain, many consumers and investors aim to protect their resources by investing in safe-haven assets, including precious metals. This jump in demand led to skyrocketing metal prices, making jewelry more expensive for buyers. Rising sourcing costs have pushed distributors to charge higher prices, supporting revenue gains. However, many wholesalers have been unable to entirely pass down cost increases to customers, resulting in shrinking profit.
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IBISWorld's research coverage on the Jewelry & Watch Wholesaling industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released February 2026.
The Jewelry & Watch Wholesaling industry in the United States operates under the NAICS industry code 42394. Operators in this industry wholesale fine jewelry, costume jewelry, watches, clocks, precious metals and metal flatware, precious and semiprecious stones, silverware and jewelers’ findings. This industry does not include the wholesale of precious metal ores or flatware made of nonprecious metal. Related terms covered in the Jewelry & Watch Wholesaling industry in the United States include mass merchandisers, electronic data interchange (edi), vertical integration, fashion or costume jewelry, radio frequency identification (rfid), e-tailer and big-box store.
Products and services covered in Jewelry & Watch Wholesaling industry in the United States include Diamonds and diamond jewelry, Watches, clocks and parts and Silverware and plated jewelry.
Companies covered in the Jewelry & Watch Wholesaling industry in the United States include A-Mark Precious Metals, Inc.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Jewelry & Watch Wholesaling industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Jewelry & Watch Wholesaling industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Jewelry & Watch Wholesaling industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Jewelry & Watch Wholesaling industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Jewelry & Watch Wholesaling industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Jewelry & Watch Wholesaling industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Jewelry & Watch Wholesaling industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Jewelry & Watch Wholesaling industry in the United States.
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The market size of the Jewelry & Watch Wholesaling industry in the United States is $102.6bn in 2026.
There are 34,560 businesses in the Jewelry & Watch Wholesaling industry in the United States, which has grown at a CAGR of 5.0 % between 2021 and 2026.
The Jewelry & Watch Wholesaling industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
The Jewelry & Watch Wholesaling industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
The market size of the Jewelry & Watch Wholesaling industry in the United States has been growing at a CAGR of 5.8 % between 2021 and 2026.
Over the next five years, the Jewelry & Watch Wholesaling industry in the United States is expected to grow.
The biggest company operating in the Jewelry & Watch Wholesaling industry in the United States is A-Mark Precious Metals, Inc.
Wholesaling jewelry, precious and semiprecious stones and Wholesaling precious metals and metal flatware are part of the Jewelry & Watch Wholesaling industry in the United States.
The company holding the most market share in the Jewelry & Watch Wholesaling industry in the United States is A-Mark Precious Metals, Inc..
The level of competition is high and steady in the Jewelry & Watch Wholesaling industry in the United States.