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 Products Chapter
The industry includes a diverse range of products and services, which may be segmented into five key categories: diamond and gem cutting, fine jewellery, coin minting, costume jewellery and other products. The relative share of revenue derived by each product segment over the past five years has been affected by fluctuations in input prices, trends in discretionary income and consumer demand.
Diamond and gem cutting
The diamond and gem cutting segment accounts for 30.0% of industry revenue. As part of the diamond-cutting process, industry operators sort, cut and polish diamonds, which are then used in jewellery. Diamonds account for about 90.0% of precious stone jewellery products, with diamond cutters accounting for a high proportion of industry activity... purchase to read more