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U.S. Online Jewellery & Watches Market Share, Size, Key Players, Research and Forecasts to 2025 | Hexa Research
“The U.S. jewellery and watches market is expected to be worth USD9.73 billion by 2025.”
12 September 2018 The U.S. jewellery and watches market is expected to be worth USD9.73 billion by 2025. The rising employment, and changing fashion trends in the country is anticipated to boost the growth of the market over the upcoming years. Additionally, growing consumer demand for discretionary products is possibly to have positive impact on the jewellery and watches market. Rising per capita income and increasing women’s spending on accessories and beautification products is projected to surge the revenues for U.S. jewellery and watches market in near future. Stronger position of U.S dollar had negative impact on tourism, which in turn is expected to negative impact on market growth. Increasing prices of jewellery and watches is one of the factor expected to affect the growth of the market in foreseeable future. Moreover, young generation prefer to spent on electronic products such as mobile phone and fit bands is projected to hamper the growth of market over the forecast period. The jewellery and watches market can be categories mainly into two categories- expensive and inexpensive. The expensive accessories are bought for the special occasions such as weddings and enga gements, whereas inexpensive category of products is purchased for daily wearing. The jewellery type is further segregated into gold, diamond, pearl, and others. Gold and diamond jewellery type falls under the highly purchased
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