Asia Jewelry Enterprises Using the Structural Equation Model and the Implication on the Korea Jewelry Industry

Purpose – The purpose of this paper is investigating on how sustainable development goals can be reflected on the jewelry industry and what are the key factors to better the jewelry enterprises that influences on maintaining the sustainability of the sector. Design/Methodology/Approach – Based on the Structural Equation Modelling (SEM), This research made empirical analysis on whether designated internal and external factors influence to the performance of Jewelry Enterprises and how these factors interact or influence on one another within the Jewelry Industry Ecosystem. Findings – This paper studies the performance of jewelry enterprises of Asia Jewelry Industries and its implications on Korea Jewelry Industry, positive or the negative impacts of internal and external factors, developing according to the Jewelry Industry Ecosystem. Research Implications – In the management of this paper, this study has significance in developing the Korea Jewelry Industry, further improving Asia jewelry industries that has less damage to the surroundings by unifying in shared vision focusing on “Sustainable Development Goals”.