88°F
weather icon Clear

Small businesses make up majority of jewelry industry

About 90 percent of the specialty jewelers in the U.S. generate less than $2.5 million in annual sales, according to the International Diamond Exchange. Most only operate one or two stores, IBISWorld data shows that the jewelry and watch wholesaling industry revenue dropped 1.8 percent over the past five years as the price of precious metals continue to be volatile. Additionally, IBISWorld reported the marriage rate was expected to decline in 2018, a potential threat to the jewelry stores industry.

THE LATEST
Sports on TV in Las Vegas

Here’s today’s local and national sports schedule, including television and radio listings.

THE LATEST
Fed leaves interest rates unchanged even as Trump demands cuts

The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut.

NYC gunman left 2nd suicide note in Las Vegas home, sources say

Shane Tamura, the man responsible for a New York City shooting that left four dead, left a second suicide note behind in his Las Vegas home, police sources said Wednesday.