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 - Starting a New Business Chapter
The industry has moderate barriers to entry and this trend has remained steady over the past five years. New operators are required to invest in specialised machinery and equipment, and train high-quality staff for the design and production of jewellery items. These significant entry costs can deter prospective jewellery manufacturers from entering the industry. High competition from import markets can also discourage prospective entrants, with low-cost operators overseas already having a competitive advantage over established Australian operators.
However, the industry’s low concentration, light regulation and low rate of technological change may entice new operators into the industry... purchase to read more