The jewelry industry involves manufacturing, distribution, and repair of jewelry, including precious metals, precious stones, fashion, and bridal jewelry. It offers various career opportunities, including sales, design, and gemology. The industry is subject to trends and fads and closely coincides with the fashion industry.
A highly fragmented sector of most developed economies, the jewelry industry is the sector that involves the manufacturing, distribution, and repair of jewelry, such as watches, rings, and necklaces. It offers a wide range of professional opportunities. This industry closely coincides with the fashion industry and is subject to similar changes in preferences such as materials and styles.
The jewelry industry is sometimes divided based on the products that are handled. For example, there are precious metals and precious stones. There are also fashion jewelry and bridal jewelry. A single company may deal with more than one product category.
In some cases, it is necessary for companies to deal with more than one type of product. A bridal ring maker, for example, typically needs precious metals like gold, silver, and platinum to make the band and setting. You will then need one or more gemstones, often diamonds, to place on the stage. However, when the industry is evaluated on a statistical basis, it is common for categories to be considered. It should be remembered that a significant part of the jewelry market may include costume items, which are products made to look like affordable items made from expensive materials.
Most nations have a jewelry industry to some degree. What tends to vary is how fragmented that industry is. In less developed countries, there may be a limited amount of commercial jewelry activity, which can limit the career opportunities a person has.
In general, there is a wide range of careers available in the jewelry industry. Those interested in working directly in a retail capacity may become a member of the sales team at a jewelry store, or they may become a wholesaler, supplying various businesses. People most interested in the creative aspect of this industry may want to become designers or watchmakers. Gemologists and appraisers are also needed to provide expert information and guidance that can influence decisions made by dealers and consumers. One of the benefits of pursuing a career in the jewelry industry is that it is often possible to achieve a high level of success without a degree.
The jewelry industry also coincides with the fashion industry. As with clothing, jewelry, which is generally considered an accessory, is also subject to trends and fads. The colors, designs, and materials that are desired tend to change on a fairly regular basis. This puts pressure on those in the industry to provide consumers with up-to-date options to suit their current tastes.
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