SIC 3911 - Jewelry, Precious Metal
Establishments primarily engaged in manufacturing jewelry and other articles worn on or carried about the person, made of precious metals (including base metals clad or rolled with precious metals), with or without stones. Products of this industry include cigarette cases and lighters, vanity cases and compacts; trimmings for umbrellas and canes; and jewel settings and mountings. Establishments primarily engaged in manufacturing costume jewelry from nonprecious metals and other materials are classified in Industry 3961.
Industry trends:
The jewelry industry, specifically NAICS 3911 (Jewelry, Precious Metal), is witnessing several qualitative trends. One of the most prominent trends is the increasing consumer demand for sustainable and ethically sourced materials. As more consumers become environmentally conscious, there is a rising preference for jewelry made from recycled metals and conflict-free gemstones.
Innovative designs and customization are also gaining popularity. Consumers are seeking unique, personalized pieces that reflect their individual style and story. This has led to a surge in custom jewelry services and the use of advanced technologies like 3D printing and CAD (computer-aided design). Moreover, experiential retail is being emphasized as brands create immersive shopping experiences through augmented reality (AR) and virtual try-ons.
In addition, direct-to-consumer (DTC) brands are thriving, leveraging online platforms to reach a broader audience. E-commerce continues to grow, with social media channels playing a crucial role in marketing and sales. Transparency in pricing and sourcing practices is becoming essential, as consumers demand greater accountability from brands.
Looking forward, the forecast suggests that these trends will continue to shape the industry. Sustainability will remain a key driver, influencing both production processes and consumer choices. The integration of AI and machine learning in design and supply chain management could streamline operations and enhance customer experiences. The shift towards digital and omni-channel strategies will likely accelerate, ensuring brands remain competitive in a rapidly evolving market.
This industry is comprised of:
Cases: cigar, cigarette, and vanity-precious metal
Cigar lighters, precious metal or based metal clad with precious metal
Cigarette lighters, precious metal
Collar buttons, precious metal and precious or semiprecious stones
Compacts, precious metal
Cuff buttons, precious metal and precious or semiprecious stones
Handbags, precious metal
Handles, umbrella and parasol: gold and silver
Jewel settings and mountings, precious metal
Jewelry, made of precious metal or precious or semiprecious stones
Jewelry, natural or cultured pearls
Medals of precious or semiprecious metals
Mountings, gold and silver: for pens, leather goods, and umbrellas
Pins, precious metal
Rings, precious metal
Rosaries and other small religious articles, precious metal
Shirt studs, precious metal and precious or semiprecious stones
Trimmings, precious metal: e.g., for canes, umbrellas
Watchbands, precious metal
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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