Market in jewelry business is very dynamic. This dynamic nature of the market has led the United States to be the largest consumer of jewelry, with a market value of $1.7 trillion (2017). Businesses that have contributed to build this number are considered to be involved heavily in marketing and promoting the business. Although setting up a jewelry business can be rewarding and adventurous on its own, it can collapse at any time if not managed properly. That is why, experienced business strategists analyze market data to get an estimate of what they are dealing with, and plans come shortly