Jewelry Prices in the United States

U.S. Jewelry Export Price per Ton in August 2022

In August 2022, the jewelry price per ton stood at $12.4M (FOB, US), rising by 6.2% against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in April 2022 an increase of 28% against the previous month. As a result, the export price reached the peak level of $16.6M per ton; afterwards, it flattened through to August 2022.

There were significant differences in the average prices for the major foreign markets. In August 2022, the country with the highest price was Switzerland ($81.4M per ton), while the average price for exports to Mexico ($2.7M per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Jewelry Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In August 2022, the product with the highest price was jewelry of precious metal other than silver ($35.7M per ton), while the average price for exports of articles of goldsmiths’ wares of base metal clad with precious metal ($94.3K per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: ware of base metal clad with precious metal (+5.6%), while the prices for the other products experienced mixed trend patterns.

U.S. Jewelry Exports

In August 2022, approximately 66 tons of jewelry were exported from the United States; surging by 14% on July 2022. The total export volume increased at an average monthly rate of +2.5% from January 2022 to August 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain months. The most prominent rate of growth was recorded in June 2022 when exports increased by 17% month-to-month. The exports peaked in August 2022.

In value terms, jewelry exports soared to $816M (IndexBox estimates) in August 2022. The total export value increased at an average monthly rate of +4.4% from January 2022 to August 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain months. The growth pace was the most rapid in March 2022 with an increase of 22% m-o-m.

U.S. Jewelry Exports by Type

Jewelry of silver (34 tons), jewelry of precious metal other than silver (21 tons) and jewelry of base metal clad with precious metal (5.1 tons) were the main products of jewelry exports from the United States, together comprising 91% of total exports. These products were followed by articles of goldsmiths’ or silversmiths’ wares of silver, articles of goldsmiths’ wares of base metal clad with precious metal and articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver, which together accounted for a further 8.6%.

From January 2022 to August 2022, the biggest increases were in silver ware (with a CAGR of +18.5%), while shipments for the other products experienced more modest paces of growth.

In value terms, jewelry of precious metal other than silver ($766M) remains the largest type of jewelry exported from the United States, comprising 94% of total exports. The second position in the ranking was taken by jewelry of silver ($43M), with a 5.3% share of total exports. It was followed by jewelry of base metal clad with precious metal, with a 0.7% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of the export volume of jewelry of precious metal other than silver stood at +4.7%. With regard to the other exported products, the following average monthly rates of growth were recorded: jewelry of silver (-0.2% per month) and jewelry of base metal clad with precious metal (+2.1% per month).

U.S. Jewelry Exports by Country

Canada (16 tons), Mexico (8.6 tons) and Hong Kong SAR (7.1 tons) were the main destinations of jewelry exports from the United States, with a combined 48% share of total exports. Japan, the Dominican Republic, the UK, India, Singapore, Thailand, Australia, Germany, Switzerland and South Korea lagged somewhat behind, together comprising a further 37%.

From January 2022 to August 2022, the biggest increases were in Singapore (with a CAGR of +30.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($155M), Switzerland ($98M) and Singapore ($75M) appeared to be the largest markets for jewelry exported from the United States worldwide, together comprising 40% of total exports.

Among the main countries of destination, Singapore, with a CAGR of +20.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform