According to a recent report by Statista, the top five largest jewelry companies in the world by revenue in 2021 are:
Chow Tai Fook - a Hong Kong-based jewelry company with over 2,600 stores worldwide and revenue of approximately $8.3 billion in 2020.
Richemont - a Swiss luxury goods company that owns several high-end jewelry brands including Cartier, Van Cleef & Arpels, and Piaget. Richemont had revenue of approximately $15.4 billion in 2020.
Signet Jewelers - a US-based retailer that owns several well-known jewelry brands including Kay Jewelers, Zales, and Jared. Signet Jewelers had revenue of approximately $5.2 billion in 2020.
Swarovski - an Austrian crystal and jewelry company with over 3,000 stores worldwide and revenue of approximately $3.9 billion in 2020.
Pandora - a Danish jewelry company known for its customizable charm bracelets, with over 7,700 stores worldwide and revenue of approximately $2.8 billion in 2020.
In addition to these traditional brick-and-mortar retailers, there are also several large online jewelry companies that have gained significant market share in recent years. Some of the largest online jewelry companies include:
Blue Nile - a US-based retailer that specializes in engagement rings and wedding bands, with revenue of approximately $512 million in 2020.
James Allen - another US-based online retailer that also focuses on engagement rings and wedding bands, with revenue of approximately $216 million in 2020.
Tiffany & Co. - while primarily known for its brick-and-mortar stores, Tiffany & Co. has also expanded its online presence in recent years and had revenue of approximately $4.4 billion in 2020.
It is important to note that revenue alone does not necessarily equate to quality or customer satisfaction. When shopping for jewelry, it is important to consider factors such as brand reputation, product quality, customer service, and ethical practices.
Why Buying Local from Promise Jewelry is a Better Choice Than Shopping with Large Jewelry Companies
Personalized Service: You'll receive a personalized shopping experience that is tailored to your needs.
Quality: We take pride in the quality of our jewelry and stand behind our products. You can trust that you are getting a high-quality piece of jewelry when you shop with us.
Sustainability: We care about the impact our business has on the environment, and strive to be as sustainable as possible. We offer a range of eco-friendly jewelry options, including lab-grown diamonds and recycled metals.
Supporting Local Business: When you shop with us, you are supporting your community. We are committed to giving back to the local economy and supporting other small businesses in the area.
Competitive Pricing: We offer competitive pricing on our products without sacrificing quality or service.
Overall, buying local from Promise Jewelry allows you to feel good about your purchase, knowing that you are supporting a small business that cares about quality, sustainability, and community.