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Watch and Jewellery Retailing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Watch and Jewellery Retailing Market Research Report | ANZSIC G4253 | Nov 2015

Hard times: Challenging operating conditions have limited industry revenue growth

IBISWorld’s Watch and Jewellery Retailing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 11-16
2.0%
Annual Growth 16-21
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Profit
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Employment
18,600
Businesses
2,286
Industry Analysis & Industry Trends

The Watch and Jewellery Retailing industry is expected to grow at an annualised 2.0% over the five years through 2015-16. Industry revenue contracted at the beginning of the period in 2010-11 and 2011-12, largely due to high world gold prices, unstable global financial markets and a significant drop in consumer sentiment. Instability in global financial markets and uncertainty across the domestic economy weakened demand for watch and jewellery items. The subsequent softer retail economy heightened competition among industry operators, as consumers shopped cautiously and with a renewed focus on price. Higher world gold prices also led to a shift in consumer demand to silver jewellery due to its relative affordability in comparison with gold products... purchase to read more

Industry Report - Starting a New Business Chapter

The industry has low barriers to entry and the trend is steady. Prospective entrants benefit from the industry's low concentration and capital intensity. The top four players account for less than 40.0% of the market, which may attract new operators to the industry. Despite the initial capital investment, daily operations for industry retailers are more dependent on labour input than on capital or technology, further aiding the entry of new players. However, many jewellery store owners have encountered difficulty selling their business as they approach retirement. Part of this difficultly stems from the high capital cost of refitting and rebranding an acquired business... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Watch and Jewellery Retailing Industry?

Industry operators primarily retail jewellery and watches made with precious metals or precious and semiprecious gemstones. Retailers that have an online presence are included in the industry. Businesses that primarily retail fashion watches and jewellery not made with precious metals or gemstones are excluded from the industry.

Industry Products
WatchesGold jewellerySilver jewelleryDiamonds and precious jewelleryServices and other products
 
Industry Activities
Watch retailingDiamond and precious jewellery retailingGold jewellery retailingSilver jewellery retailing


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