Specialty Jewelers Hit Hard by Covid ClosuresNovember 11, 20
American specialty jewelers' revenues have been hard-hit this year by mandated store closings due to Covid-19. As a result, producers, suppliers, and retail jewelry merchants have faced greater-than-normal uncertainties about the market.
In an effort to provide the diamond and jewelry industry with benchmarks to measure sales levels over the past several months, IDEX Research has summarized the results of the major publicly-held jewelers with distribution in the U.S. market.
There are three specialty jewelers who provide reliable, consistent data about their performance in the American market, and who also have significant retail market share. Those three publicly-held jewelers with retail outlets - Signet, Tiffany, and Movado - generate almost a quarter of the total specialty jewelers' retail sales in America. We believe their results could be viewed as a proxy for the $32 billion U.S. specialty jewelry sector.
IDEX Online subscribers please click here to read the full report.