The $203 billion jewelry industry is
making waves because it seems to be recovering faster than other
industries from the global recession. Even though women are still the
primary target market for jewelry manufacturers, jewelry now has a mass
appeal which has helped the industry rebound.
The industry has been gaining investors’
interest because of the favorable outlook for jewelry demand as
disposable incomes in emerging markets like China and India rise.
The luxury industry has so far
outperformed the S&P 500 Index in the post-recessionary period. The
S&P 500 grew 90.5% during the period, but the Dow Jones Luxury Index
(DJLUX) grew at a faster rate of 195% over five years.
However, despite strong recent growth data, the industry was affected
during the economic slowdown. This was evident when Standalone Jewelry
Store Sales in the US declined just as the recession hit, then stagnated
throughout its duration. Read more.
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