In 2013, the jewelry industry saw increasing revenues an average of 17% annually. For retail department stores, jewelry decreased by 2.1% from the previous year in 2012. This indicates that consumer trends have been moving towards purchasing from independent retailers versus department store options. With jewelry wholesale, sales increased 2.4%, however profit margins declined for retailers by 1.5%. Some of the biggest brands in jewelry are represented by the following list of jewelry company logos.
When it comes to diamonds, the United States is considered the largest consumer globally. Sales revenue alone accounts for $27 billion which is 40% of overall global demand. During the financial crisis, large scale losses were seen with an 18% drop in sales. Today’s market shows recovery in a 10.5% annual increase.
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