Jewelry – Retail
The U.S. retail jewelry industry is comprised of five main segments: bridal jewelry (30%), fashion jewelry (22%), watches (18%), precious stones (15%) and precious metals (15%). Bridal jewelry, the only “necessary” component of jewelry retail, is less influenced by economic conditions than fashion jewelry, which is considered a luxury good. The category of watches generally includes clocks as well as most jewelry repairs. Precious metals include gold, silver, platinum and palladium. Precious stones come in over 130 varieties, around 50 of which are commonly sold by retail jewelers.