Establishments primarily engaged in manufacturing costume jewelry, costume novelties, and ornaments made of all materials, except precious metal, precious or semiprecious stones, and rolled goldplate and gold- filled materials. Establishments primarily engaged in manufacturing jewelry of precious and semiprecious metal are classified in 3911; those manufacturing leather compacts and vanity cases are classified in Industry 3172; and those manufacturing synthetic stones for gem stone and industrial use are classified in Industry 3299.
The costume jewelry and costume novelties industry (NAICS 3961) has been experiencing several key qualitative trends recently. One significant trend is the increased focus on sustainability. Consumers are becoming more environmentally conscious, leading to a rise in demand for eco-friendly materials and ethical production practices. Brands that prioritize sustainable sourcing and manufacturing are gaining popularity and customer loyalty.
Another trend is the integration of technology and customization. Companies are leveraging augmented reality (AR) to allow customers to virtually try on accessories before making a purchase. Personalized jewelry, enabled by advancements in 3D printing and laser engraving, is also gaining traction as consumers seek unique pieces that reflect their individual styles.
In terms of fashion trends, there is a noticeable shift towards minimalist designs, with simple and elegant pieces becoming increasingly desirable. However, there is also a growing interest in bold and statement pieces that serve as conversation starters. Additionally, gender-neutral designs are becoming more common, reflecting a broader societal move towards inclusivity and diversity.
Looking ahead, the industry is expected to continue evolving with an emphasis on hybrid shopping experiences blending online and offline channels. Social media and influencer marketing will remain crucial for brand visibility and consumer engagement. The outlook suggests moderate growth driven by these innovative and consumer-centric approaches, despite potential economic uncertainties. Companies that can adapt to these evolving trends are likely to thrive in the near future.
Compacts, except precious metal and solid leather
Costume jewelry, except precious metal and precious or semi-precious
Cuff-links and studs, except precious metal and gems
Novelties, costume: except precious metal and gems
Ornaments, costume: except precious metal and gems
Pearls, artificial
Rings, finger: gold-plated wire
Rosaries and other small religious articles, except precious metal
Vanity cases, except precious metal and leather
Watchbands, base metal
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
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.
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.