Tag: Jewelry

In contrast to watch industry, which has several brands, the jewelry industry has only few highly popular brands. Hearts On Fire, David Yurman, Roberto Coin, Tiffany and few of them have a moderate level of brand recognition with consumers. But, generally, the industry is still ruled by unbranded goods, or, in few cases, private, label or created brands which seems like national brands. Survey in the industry indicate that less than 20 percent of total …

According to the study from global business consulting firm Bain and Co, the luxury goods market experienced a 15-20 percent decline during the initial two quarters of 2009, declining from $219.81 billion in 2008 to nearly $197.82 billion. Bain estimated a 15 percent decline in luxury goods like jewelry sales in the Americas and 10 percent fall in Europe and Japan. These are areas which account for more than 80 percent of global sales. According …