Jewelry And Silverware Market Overview in the USA
In value terms, jewelry and silverware production reduced to $ in 2019. Overall, production saw a noticeable decline. The pace of growth appeared the most rapid in 2014 when the production volume increased by % year-to-year. As a result, production reached the peak level of $. From 2015 to 2019, production growth failed to regain the momentum.
The value of the jewelry and silverware market in the U.S. amounted to $ in 2018, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted resilient growth. The pace of growth was the most pronounced in 2015 with an increase of % against the previous year. Jewelry and silverware consumption peaked in 2018 and is likely to see steady growth in years to come.