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 - Starting a New Business Chapter
Prospective operators planning to enter the Jewellery Manufacturing industry are likely to experience medium barriers. This can be attributed to the industry's high level of competition, medium level of capital intensity and mature life cycle. Other factors including the industry concentration levels and rate of technological change may impact on the successful entry of new operators.
Industry operators are subject to a high level of competition, which has the potential to deter new players from entering the industry. Operators compete against other players on the basis of price, product range and quality and brand reputation... purchase to read more