Industry Analysis & Industry Trends
Companies in the Watch and Jewellery Retailing industry retail either fine or fashion jewellery. Fine jewellery includes merchandise made from precious metals and precious or semiprecious stones. Fashion jewellery is manufactured from comparatively inexpensive materials, and is often targeted at value-conscious consumers. For more information on the individual fine or fashion jewellery and watch industries, refer to the OD5532 Fine Jewellery and Watch Retailing industry report or the OD5483 Fashion Jewellery Retailing industry report.
The Watch and Jewellery Retailing industry is forecast to grow at an annualised 2.8% over the five years through 2016-17, to reach $3.3 billion... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Watch and Jewellery Retailing industry displays low market share concentration with no single retailer controlling a significant share of the market. Prouds Jewellers Limited, which owns the Prouds, Angus & Coote and Goldmark chains, accounts for the greatest share of industry revenue, at an estimated 18.6% in 2016-17. Lovisa Holdings Limited, which is the largest fashion jewellery retailer, is expected to account for 3.1% of industry revenue in 2016-17.
The industry is highly fragmented, with small family-owned businesses that employ few people dominating the industry. More than half of industry operators employ less than 20 people, with over 40% of watch and jewellery retailers not employing any additional staff outside their family... purchase to read more