Apple Watch Edition, iPhone 8, and Amazon Alexa are the top sellers for Black owned and curated jewelry
Posted On July 11, 2021
The Black owned jewelry market is worth $9.9 billion in 2017, according to BlackOwned Jewelry.
That’s up nearly $2 billion from last year.
The market was worth $7.6 billion in 2016, according the company.
Black owned items sold by Black owned jewelers increased 8.5 percent last year, while the total number of Black owned listings went down 7.5 points.
The Black owned jewellers were also able to capture a bigger share of the market in 2017.
In 2017, Black owned companies sold $1.3 billion worth of jewelry, an increase of 14.2 percent from 2016.
In the retail jewelry market, there were a number of interesting trends for 2017.
The Blackowned jewelry market increased in 2017 by nearly 7 percent.
The jewelry market grew by 6.5% in 2016.
And, while there were some declines in 2017 in the Black owned category, Blackowned jeweller, Black, Jewelry, and jewelry box sales rose by 7.7 percent.
The 2017 Black owned market has been growing for quite some time.
In 2015, BlackOwners grew by 7 percent, and the jewelry market has grown by 17 percent.
In 2017, there are many more Black owned businesses and retailers on the market.
Blackowned Jewelers is the largest jewelry company in the country with sales of $1 billion, according To The Top.
The company also has brands including Bridal, Julep, and Jewelry Box.
Amazon Alexa is the third largest jeweller with sales in 2017 of $5 billion.
The Jewelry box market is growing.
BlackOwnable Jewelry is the fifth largest box seller in the US with sales totaling $2.2 billion.
Amazon is the top selling box seller, with sales reaching $2,926,829.
And there are more Blackowned box sellers in 2017 with sales totalling $2 million.