Industry Analysis & Industry Trends
Revenue across the Jewellery Manufacturing industry has trended downwards over the past five years, contracting by an annualised 2.9% over the five years through 2013-14. Despite high metal prices and growth in export volumes, industry performance has been hindered by volatility in the price of gold and silver along with fluctuating economic conditions. Decline in enterprise numbers and lower domestic output has limited growth across the industry.
Although many consumers have been reluctant to spend on luxury items such as jewellery since the global financial crisis, luxury diamond jewellery manufactured domestically, particularly engagement rings, continues to be popular. In the past five years, global demand for gold as a safe investment has increased strongly... purchase to read more
Industry Report - Industry Analysis Chapter
The Jewellery Manufacturing industry has faced a challenging trading environment over the past five years. Revenue projected to decline by an annualised 2.9% over the five years through 2013-14. The operating landscape for manufacturers has been influenced by fluctuations in the price of raw materials along with volatility in economic conditions. High gold and diamond prices have contributed to growth in industry revenue, while a decline in enterprise numbers and lower domestic output have limited growth.
Consumers that purchase gold in bullion or coin form often do so for investment purposes and hold gold as a store of value rather than as a medium of exchange. Gold is a proven asset diversifier and provides an excellent hedge against inflation over the long term... purchase to read more