Just Released: JBT Q1 2021 Vital Stats
By The Jewelers Board of Trade The Jewelers Board of Trade (JBT) has a message that we would like to share with you. Good news. Jewelry business closures continue to lag behind predictions. In Q1 2021, 148 jewelry businesses discontinued their operations, down 51% from Q1 2020. That breaks down to retailers 121 vs. 247; wholesalers 12 vs. 37 and manufacturers 15 vs. 19. Total jewelry business tracked by JBT in North America stands at 25,413. Not surprising that it continues to be even harder to start a new jewelry business. New jewelry businesses in the U.S. were down 33