Jewelry and Silverware Manufacturer Revenue Benchmark

Average Jewelry and Silverware Manufacturer Revenue per Year 2022 Economic Census

The 2022 Economic Census counts every jewelry and silverware manufacturer with paid employees, from a bench jeweler's workshop to a factory, and publishes their combined annual receipts. Dividing that total by the number of manufacturers gives the average annual revenue per employer establishment shown below.

≈$4,717,000 /year

Average annual gross revenue per employer establishment

How this is calculated: about $7.9 billion in combined annual receipts divided by 1,670 employer establishments works out to an average annual revenue of $4,717,000 per employer establishment.

Scope: Jewelry and Silverware Manufacturing, NAICS 339910. The category covers manufacturers of jewelry, silverware, metal personal goods and related items, including gem cutting done as part of manufacturing. Jewelry stores and jewelry repair are counted in separate categories. Classified separately in group 3399: 339920 Sporting and Athletic Goods Manufacturing; 339930 Doll, Toy, and Game Manufacturing; 339940 Office Supplies (except Paper) Manufacturing, and 7 further codes. Nothing outside that code is counted on this page.

Source US Census Bureau, 2022 Economic Census, Summary Statistics (ECNBASIC): ESTAB, RCPTOT and PAYANN by NAICS · Vintage 2022 Economic Census · Calculation BusinessNES · Accessed September 2026

Employer Establishments at Year Five Industry group

Other Miscellaneous Manufacturing, NAICS 3399, the 2018 starting count compared with the count of five-year-old establishments in 2023.

Across the 2014 to 2018 cohorts, five-year results ranged from 38.1 to 46.4 percent. This benchmark covers Other Miscellaneous Manufacturing, NAICS 3399, as a whole, and this category accounts for 1,670 of the 16,290 employer establishments in it. A count by age is not a survival rate, because the figures compare two headcounts rather than follow one set of businesses.

Payroll as a Share of Revenue Official data

Payroll divided by receipts, both as published for the same year.

Payroll share of receipts, Jewelry and Silverware Manufacturing, United States, 2022 Economic Census.

Approximately 13.0 percent of every revenue dollar goes to annual payroll, a small share because gold, silver and stones carry a large part of every piece through receipts while a modest crew of jewelers and finishers does the work.

Payroll here excludes benefits, employer taxes and owner compensation, and it excludes precious metals, stones, findings and refining, which together carry most of the value of a finished piece.

Business Scale and Ownership Structure Official data

How large the average establishment is, and whether the population is independent operators or multi-site companies.

Scale and ownership, Jewelry and Silverware Manufacturing, United States, 2022 Economic Census.

The average establishment employed about 11.3 people, and the industry averaged 1.0 employer establishments per firm, which confirms that multi-establishment ownership exists in the published population without showing how establishments are distributed across firms. As an illustration, that headcount could be a bench crew with casting, polishing and setting skills and a small office.

These are arithmetic industry averages. They state the size of the average establishment and show that multi-establishment ownership exists. They do not show the distribution of business sizes and they do not measure market concentration.

Explore More on BusinessNES

Neighbouring benchmark pages built from the same verified data, plus BusinessNES guides on the same subject.

• Top Jewelry Business Ideas
• Jewelry Store Benchmark
• Art Gallery and Art Dealer Benchmark
• Machine Shop Benchmark
• All Business Benchmarks

Data Source Notice

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures above are from the 2022 Economic Census reference year, released by the Census Bureau in 2024 and 2025; markets have moved since.

Questions Worth Asking BusinessNES analysis

Jewelry and Silverware Manufacturer: what metal prices and the custom-versus-production split do to the average.

Before you rely on this benchmark

• How much of the revenue is metal? Gold and silver pass through a manufacturer's invoices at market prices, so receipts rise and fall with metal markets even when the work does not change. The labor and design value inside a piece is what a maker actually earns, and receipts blend it with the metal.
• Custom or production? Bench jewelers making one-off pieces for designers and stores sell skill at high prices per item, while production shops cast and finish runs for wholesalers at lower margins. Both sit in this category, and the mix behind a figure varies.
• Who owns the metal? Some customers supply their own gold and stones and pay for labor only, while other jobs include metal at cost plus a markup. The share of customer-supplied material changes what a revenue figure means for the shop.
• What does security cost? Holding precious metals and stones requires safes, alarms, insurance and careful procedures, and the cost rises with inventory. Security and insurance are fixed costs outside a receipts total.
• How is the work priced? Casting, setting and finishing hours plus metal at the day's price make up a quote, and a stone lost or a casting rejected comes off the margin. Yield and accuracy decide whether a job pays.
• What else does the category count? Silverware, metal personal goods and related items sit in this category alongside jewelry, so the average describes a broader trade than a jewelry workshop alone. The census does not publish how much of the category is jewelry and how much is silverware.