--- title: "Modest Progress: JBT Q3 2025 Vital Jewelry Industry Statistics" description: "The Jewelers Board of Trade Q3 2025 jewelry industry statistics: less new businesses, fewer store closures, smaller claim sizes and early signs of stabilization across the jewelry trade." image: https://blog.jewelersboard.com/hubfs/Q3%20Vital%20Stats%20Blog%20Featured%20Image.png --- # JBT Blog ![](https://blog.jewelersboard.com/hubfs/Q3%20Vital%20Stats%20Blog%20Featured%20Image.png) # Modest Progress: JBT Q3 2025 Vital Jewelry Industry Statistics Published by [Katie Landry](https://blog.jewelersboard.com/author/katie-landry) on Nov 7, 2025 3:07:31 PM The third quarter of 2025 painted a mixed economic picture. Ongoing uncertainty around major trade relationships and supply chain risks continued to impact business sentiment. Still, there were signs of measured progress for the jewelry industry. Keep reading for a snapshot of JBT’s Q3 Vital Statistics and what they may signal for the upcoming months. ###### New Businesses New business formation slowed in Q3 2025. This may reflect tighter financing conditions, but cautious business formation could also indicate a more strategic, deliberate approach to new ventures.  - **Quarter: **89 new listings vs. 112 in Q3 2024 (-20.5% YoY) - **Year to date: **277 openings vs. 292 last year (-5.1%) ![Chart of New Reports by Class Group](https://9089504.fs1.hubspotusercontent-na1.net/hub/9089504/hubfs/Vital%20Stats%20Report%20Graphs%20Q3%202025%20(2).png?width=1200&length=1200&name=Vital%20Stats%20Report%20Graphs%20Q3%202025%20(2).png) *New reports by class group YoY.* ![Graph of Claim Amounts and Averages MTD](https://9089504.fs1.hubspotusercontent-na1.net/hub/9089504/hubfs/Vital%20Stats%20Report%20Graphs%20Q3%202025%20(3).png?width=1200&length=1200&name=Vital%20Stats%20Report%20Graphs%20Q3%202025%20(3).png) *Claim amounts and averages MTD.* ![Log On to the Members-Only Website for More Stats](https://9089504.fs1.hubspotusercontent-na1.net/hub/9089504/hubfs/Vital%20Stats%20Report%20Graphs%20Q3%202025%20(1).png?width=1200&length=1200&name=Vital%20Stats%20Report%20Graphs%20Q3%202025%20(1).png) *Visit the Members-Only website for more stats.* ###### Business Discontinuances Closures outpaced openings, but the trend improved both in the quarter and year to date. This improvement may suggest stability among existing jewelers.  - **Quarter:** 100 closures vs. 136 in Q3 2024 (-26.5% YoY) - **Year to date:** 428 closures vs. 503 last year (-14.9%) ###### Consolidations There was no change in consolidations this quarter, but activity increased year to date. Larger jewelry businesses may be absorbing smaller companies to strengthen supply chains or expand reach, a trend that occurs during transitional periods.  - **Quarter: **30 consolidations, flat YoY - **Year to date:** 93 vs. 79 last year (+17.7%) ###### Collections Activity  Claim activity increased year to date, but Q3 saw far fewer claims than a year ago, and average claim amounts declined both this quarter and year to date. This reduction is another sign of stabilization. - **Quarter: **73 claims vs. 137 in Q3 2024 (-46.7% YoY) - **Year to date: **197 vs. 165 last year (+19.4%) - **Average claim amount this quarter: **$10,256 vs. $10,793 (-5.0% YoY) - **Average claim amount year to date:** $8,660 vs. $13,478 (-35.7%) ###### Conclusion:  Although this year may have seen concerning shifts at times economically, the jewelry industry shows signs of steadying. While there were fewer new businesses than discontinuances, overall, closures seem to be slowing, and claim volumes are shrinking.  These quarterly highlights only scratch the surface. JBT Members get our full Vital Statistics Report plus weekly tracking of credit changes, closures, new businesses, and bankruptcies. Join jewelers who turn data into decisions. [ give me access to the stats ](https://www.jewelersboard.com/form/membership-application)   Tags: [Jewelry Industry](https://blog.jewelersboard.com/tag/jewelry-industry), [jewelry industry trends](https://blog.jewelersboard.com/tag/jewelry-industry-trends), [Reports and Analysis](https://blog.jewelersboard.com/tag/reports-and-analysis) [Back to Blog](https://blog.jewelersboard.com) ## Related Articles ## [Jewelry Industry Trends: Q1 2026 Market Insights](https://blog.jewelersboard.com/jewelry-industry-trends-q1-2026-market-insights) Q1 2026 data from the Jewelers Board of Trade (JBT) shows a steady retail environment and improving... 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[Read More ](https://blog.jewelersboard.com/connect-qualify-and-close-faster-at-jck-las-vegas) [Member Login](https://extranet.jewelersboard.com/Login.aspx) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Katie Landry", "url" : "https://blog.jewelersboard.com/author/katie-landry" }, "dateModified" : "2025-11-07T20:07:31.042Z", "datePublished" : "2025-11-07T20:07:31.000Z", "headline" : "Modest Progress: JBT Q3 2025 Vital Jewelry Industry Statistics", "image" : [ "https://blog.jewelersboard.com/hubfs/Q3%20Vital%20Stats%20Blog%20Featured%20Image.png" ], "mainEntityOfPage" : { "@id" : "https://blog.jewelersboard.com/modest-progress-in-the-jewelry-industry-jbt-q3-2025-vital-jewelry-industry-statistics", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.jewelersboard.com/hubfs/JBT%20Logo%20Dark%20Blue%20+%20White%20Letters-1.png" } } } ```