PROSPECTS AND OPPORTUNITIES
Efforts to elevate the in-store shopping experience likely to continue in the forecast period, which may amplify struggles in department stores
Since the majority of sales of jewellery still take place in physical stores, the forecast period is likely to see players focus on elevating the in-store experience in an effort to excite consumers again. Already underway since 2024, all new US Pandora store openings will feature its Evoke 2.
Lab-grown diamonds set to increasingly become part of jewellery players’ strategies, across both luxury and more entry-level brands
Lab-grown diamonds will be key to watch in the forecast period, as they will influence the performance of fine jewellery, especially as both luxury and entry-level jewellery brands explore incorporating them into their strategies. Global jewellery players such as Pandora have already phased out the use of mined diamonds, citing changes in consumer demand, sustainability, and accessibility as key reasons for the push, with assortments expanding in the US due to the positive consumer reception.
Growing interest in men’s fashion and self-expression expected to open up more opportunities in jewellery
While historically, players in jewellery greatly focused on the needs of women, or men buying for women, the forecast period may see more players tapping into the growing opportunities in the men’s jewellery space. The same way in which casualisation and a breaking down of gender codes have invited men to further explore bags, that same desire for self-expression could help stimulate demand for jewellery.
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Overview:
Understand the latest market trends and future growth opportunities for the Jewellery industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Jewellery industry in USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Jewellery in USA report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Jewellery in USA?
- Which are the leading brands in Jewellery in USA?
- How significant is tourism in determining sales and demand for Jewellery in USA?
- How are COVID-19 and global recession impacting demand for Jewellery in USA?
- In the wake of COVID-19, how soon can Jewellery be expected to recover? Where are the opportunities for growth now?
- Where is future growth expected to be most significant?
Jewellery in the US - Category analysis
KEY DATA FINDINGS
Increasing consumer interest in lab-grown diamonds and weakness in bridal segment dampens performance of fine jewellery in 2024
Efforts to raise brand awareness and engagement by players in costume jewellery are paying off
Key players focus on expanding and investing in successful iconic product collections
Efforts to elevate the in-store shopping experience likely to continue in the forecast period, which may amplify struggles in department stores
Lab-grown diamonds set to increasingly become part of jewellery players’ strategies, across both luxury and more entry-level brands
Growing interest in men’s fashion and self-expression expected to open up more opportunities in jewellery
Personal Accessories in the US - Industry Overview
Personal accessories in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for personal accessories?
DISCLAIMER
The following categories and subcategories are included:
Jewellery
- Costume Jewellery
- Fine Jewellery
Jewellery
Jewellery is a kind of personal adornment usually made with various precious and semi-precious materials such as gemstones, precious metals, beads, glass, and shells. Jewellery is segmented as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Jewellery research and analysis database.
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