Industry Analysis & Industry Trends
Revenue across the Jewellery Manufacturing industry has trended upwards over the past five years, at an annualised 5.5%. However, this annualised growth masks significant annual fluctuations in performance as a result of volatility in metal prices and export volumes. During this period, trends in industry performance have also stemmed from fluctuations in real household discretionary income, demand for jewellery across the retail trade market and variations in the value of the Australian dollar. Industry revenue is expected to rise by 2.0% to $2.3 billion in 2015-16.
Despite the solid annualised rise in revenue, industry operators have faced a challenging market over the past five years... purchase to read more
Industry Report - Industry Investment Chapter
The industry exhibits a medium level of capital intensity. For every dollar spent on wages, $0.30 is spent on capital. The industry's medium capital intensity reflects the need for designers, artisans, labourers and apprentices for the assembly and design of jewellery products and a requirement for significant investment in manufacturing machinery such as computer systems and production machinery. Operators in the industry have fixed capital to produce jewellery and silverware, while a skilled workforce is required to perform time-consuming labour-intensive activities such as the intricate assembly of handmade jewellery. However, the industry continues to implement technology to reduce labour costs... purchase to read more