This industry comprises establishments primarily engaged in manufacturing, engraving, chasing or etching jeweler, novelties or precious metal flatware; stamping coins; cutting, slabbing, tumbling, carving, engraving, polishing or faceting precious or semiprecious stones; recutting, repolishing and setting.
The global jewelry and silverware manufacturing market was valued at $320.8 billion in 2017. Asia Pacific was the largest geographic region accounting for $154.9 billion or 48.3% of the global market. China was the largest country accounting for $79.2 billion or 24.7% of the global jewelry and silverware manufacturing market.
Jewelry and silverware manufacturers have adopted CAD software due to its finest measurement providing capability. CAD or computer aided design software is used by engineers and architects for creating accurate drawings of objects. Using CAD in jewelry making has enabled the manufacturers to easily customize the jewelries with high precision according as per customer requirements. It helps in lowering the manufacturing cost by creating a virtual model and replicating it during manufacturing.
Companies Covered: Richline Group, Tiffany, James Avery Craftsman, Cartier, Bulgari
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