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Jewelry Retail Is Among the Whitest Sectors in the US Economy

Mount Equity Group Tokyo, Japan > News > Markets > Jewelry Retail Is Among the Whitest Sectors in the US Economy

THE INDEPENDENT JEWELRY retail segment is among the most racially homogenous in the U.S., with more than 92 percent of participants classifying themselves as white, according to the 2021 INSTORE Big Survey. Three percent of the respondents identified as Hispanic, 3 percent as multi-racial and 2 percent Asian. None of the almost 400 jewelry store owners or managers who answered this particular question is African American.

By comparison, whites account for about 78 percent of the overall American workforce and according to U.S. Bureau of Labor Statistics, such a racial makeup means jewelry retail is one of the whitest sectors in America, lagging only veterinarians, ranchers, pilots, millwrights, steel workers, doctor’s office staff and a couple of other small job categories in its lack of diversity. It’s even whiter than the C-suite of big corporate America (90.6% white)!

The family-run nature and the way ownership of jewelry…

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