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 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.
Closures outpaced openings, but the trend improved both in the quarter and year to date. This improvement may suggest stability among existing jewelers.
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.
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.
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.