NAICS 42394 - Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers
This industry comprises establishments primarily engaged in the merchant wholesale distribution of jewelry, precious and semiprecious stones, precious metals and metal flatware, costume jewelry, watches, clocks, silverware, and/or jewelers' findings.
Industry trends:
The Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers industry (NAICS 42394) is experiencing several qualitative trends. Sustainability and ethical sourcing have risen to the forefront as consumers increasingly demand transparency in the supply chain. Wholesalers are therefore focusing on certified conflict-free diamonds and recyclable metals. Additionally, technological advancements such as blockchain are being utilized to provide traceability and authenticity guarantees. Digital transformation is also a significant trend, with a growing emphasis on enhancing online B2B platforms to facilitate easier transactions and expanded global reach.
Personalization and customization are gaining traction, allowing wholesalers to address niche market demands effectively. The advent of lab-grown diamonds and alternative materials is another trend, showing a shift in consumer preferences towards budget-friendly and environmentally conscious options. In terms of design, minimalist and timeless styles continue to dominate, although there is an increasing acceptance of bold and unique statement pieces, particularly among younger demographics.
Looking ahead, the industry is likely to see sustained growth driven by rising disposable incomes and urbanization, particularly in emerging markets. However, challenges such as fluctuating material costs and regulatory changes related to mineral sourcing could impact stability. Overall, a blend of innovation, sustainability, and technological integration will be pivotal for wholesalers aiming to stay competitive and meet evolving market demands in the near future.
This industry is comprised of:
Antique jewelry merchant wholesalers
Clocks merchant wholesalers
Coins merchant wholesalers
Costume jewelry merchant wholesalers
Diamonds (except industrial) merchant wholesalers
Flatware, precious and plated, merchant wholesalers
Gem stones merchant wholesalers
Ingots, precious, merchant wholesalers
Jewelers' findings merchant wholesalers
Jewelry merchant wholesalers
Metals, precious, merchant wholesalers
Pearls merchant wholesalers
Plated metal cutlery or flatware merchant wholesalers
Precious and semiprecious stones merchant wholesalers
Precious metals merchant wholesalers
Silverware, precious and plated, merchant wholesalers
Stones, precious and semiprecious, merchant wholesalers
Tableware, precious and plated, merchant wholesalers
Trophies merchant wholesalers
Watches and parts merchant wholesalers
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.