E-commerce and the near future
Here in the US, where the jewelry industry is especially well developed, I often see statistics about retailers closing their shops. The retail jewelry industry was shrinking around 4% last year alone.
This could give us in the jewelry industry a real reason to worry – however, it don’t necessarily see it as a bad thing. As these retailers are closing, at same time actually more online jewelry stores are being opened, including a lot of stores that don’t even have a physical showroom or shop. So it might be more accurate to say that the jewelry retail industry isn’t shrinking – rather, it’s changing, and it is changing very quickly.