Key points
- Although the pace of closures slowed compared to last year, the overall number of active jewelry businesses dropped again in the third quarter of 2025.
- This Gems and Jewelry News report reveals that the total number of active companies in the U.
- Jewelry companies across the United States continue to shut their doors, with recent data from the Jewelers Board of Trade (JBT) highlighting a persistent downward trend.
Gems and Jewelry News: Closures Slow but Still Ongoing
Jewelry companies across the United States continue to shut their doors, with recent data from the Jewelers Board of Trade (JBT) highlighting a persistent downward trend. Although the pace of closures slowed compared to last year, the overall number of active jewelry businesses dropped again in the third quarter of 2025.
US jewelry companies continue to disappear as economic woes persist.
Image Credit: StockShots
Between July and September, 126 jewelry businesses ceased operations, compared to 158 during the same period in 2024. The majority—95 companies—closed for undisclosed reasons, while 30 shut down following mergers or acquisitions, and one filed for bankruptcy. This Gems and Jewelry News report reveals that the total number of active companies in the U.S. jewelry sector now stands at 22,152, marking a 3.1 percent decline year over year.
Retailers and Manufacturers Hit the Hardest
Retail jewelers, which make up the majority of the trade, fell by 3 percent to 16,822. Wholesalers dipped by 2.9 percent, totaling 3,234 companies, while manufacturers experienced the sharpest fall at 4.2 percent, now numbering only 2,096 businesses.
Meanwhile, new business formations are also shrinking, with just 89 new companies opening in Q3 2025—down from 112 a year prior. These figures reflect an industry under continued stress due to inflation, weakened consumer demand, rising operational costs, and uncertainty over tariffs on imported materials. The rise in break-ins and robberies are also a factor for certain jewelry store closures.
Credit Ratings Reflect the Struggles
JBT also downgraded the credit scores of 620 companies across the U.S. and Canada, although this was an improvement over the 809 downgrades recorded last year. At the same time, only 551 companies saw credit upgrades, slightly fewer than in 2024.
The latest findings indicate that despite slight signs of stabilization, the U.S. jewelry industry remains under pressure. More closures and consolidations are likely if economic conditions do not improve soon.
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