Industry Analysis & Industry Trends
The Jewellery Manufacturing industry has performed well over the past five years. Industry revenue is expected to increase at an annualised 3.5% over the five years through 2015-16, to reach $2.3 billion. Steep declines in the world price of gold and silver, two key raw materials for many industry products, have allowed firms to lower prices, which has boosted demand from wholesalers, retailers and final consumers. The increase of real household discretionary income over the past five years has provided consumers with more income to spend on non-essential items such as jewellery products. This trend has increased demand for expensive custom-made or handmade jewellery, as consumers are willing to spend more on personalised fine jewellery... purchase to read more
Industry Report - Industry Products Chapter
The industry includes a range of products and services, which can be segmented into five key categories: fine jewellery, diamond and gem cutting, 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.
The fine jewellery segment includes items that are manufactured using precious and semi-precious metals and stones. Declines in the world price of gold and silver have lowered final prices and boosted consumer demand for fine gold and silver jewellery. Similarly, a rise in real household discretionary income over the past five years has made these items more affordable... purchase to read more