(jckonline.com) - The traditional jewelry industry continued to consolidate in 2018, with 1,064 North American jewelry companies discontinuing operations last year, though the number of companies entering the business rose nearly 30 percent, according to the annual statistics compiled by the Jewelers Board of Trade (JBT). The 1,064 discontinuances break down to 893 retail jewelers (852 in the United States, 41 in Canada); 106 wholesalers (100, United States; 6, Canada); and 65 manufacturers (61 in the United States; 4 in Canada.) The catchall term discontinuances encompasses companies that ceased operations, merged or were acquired, or filed for bankruptcy. The numbers are almost on par with those logged in 2017, when 886 North American jewelry companies ceased operations.
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