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Tuesday, October 23, 2007

About Jewelers

(via Forbes) The number of jewelers in the U.S. is expected to decline, but by less than 1% by 2014, the Department of Labor says. Nonetheless, the industry isn't growing, largely due to the influx of mass-produced jewelry in recent years. Would-be necklace and ring makers shouldn't be entirely discouraged--the government says prospects for highly skilled jewelers, particularly those who make custom or luxury jewelry--are 'excellent.' You might want to work on your entrepreneurial skills if you plan on going into this field though. About 40% of all jewelers are self-employed, according to the Labor Department.

Working conditions: Many jewelers work alone, requires vocational training, local retailers rely heavily on word-of-mouth advertising.

Median salary: About $28,000 per year.

Not very impressive, in fact depressing. How can you recommend anyone to try the jewelry industry. The fact of the matter is many have no clue as to how jewelers make their living. The perception is jewelry industry is glamorous and there is a lot of money in it. Yes and No. At least the American government have a tradition of publicising periodic reports on the state of the jewelry industry. What about other governments? Look at the developing countries in Asia, like China, India and Southeast Asian countries. Why can't they go the extramile and disclose? You have got to be an insider to know what goes on behind the scene.

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