DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "US Jewelry Market with Focus on Engagement Rings: Industry Analysis & Outlook (2017-2021)" report to their offering.
This report offers a comprehensive analysis of the US jewelry market. Furthermore, market dynamics including key trends and development; and challenges are analyzed in depth. On the contention front, the market is reined by few major players namely LVMH, Signet, Tiffany & Co., and Blue Nile. The competitive landscape of the respective market, along with the company profiles of the leading players are also discussed in detail.
Jewelry market's retail as well as online segment both are fiercely competitive and are highly fragmented. Considering several elements utilized in jewelry industry, gold has always dominated the industry on account of its vivid physical and chemical properties like luster and ease of fabrication. Apart from gold, other chief metals employed in the jewelry industry include diamond, platinum, silver, titanium, and palladium among others.
The key factors which are anticipated to drive US jewelry market include economic growth, increasing urbanization and rise of middle class population, increasing employment in the US, rising internet penetration and increase in working women population. Some of the significant developments of this industry include growing popularity of omni-channels, changing consumer preferences, and increasing women self-purchase practice. However, the challenges faced ahead by the US industry include lack of expert advice and real product examination, threat from synthetic diamond, cybercrime and fraud and rising mining cost.
Market Dynamics
Growth Drivers
- Economic Growth
- Rising Urban Population
- Rising Internet Penetration
- Declining Unemployment Rate
Major Trends & Development
- Omni Channels Gaining Popularity
- Changing Consumer Preferences
- Increasing Women Self-Purchase Practice
Challenges
- Lack of Expert Advice and Real Product Examination
- Threat of Synthetic Diamond
- Cybercrime and Fraud
- Swelling Cost of Mining
Key Topics Covered:
1. Overview
2. Global Jewelry Market
3. The US Jewelry Market
4. Market Dynamics
5. Competitive Landscape
6. Company Profiles
- Blue Nile
- LVMH Moët Hennessy Louis Vuitton SE
- Signet Jewelers Ltd.
- Tiffany & Co.
For more information about this report visit https://www.researchandmarkets.com/research/zpmvxs/us_jewelry_market
