Industry Analysis & Industry Trends
The Watch and Jewellery Retailing industry is expected to post static annualised revenue growth over the five years through 2014-15. Industry revenue posted weak growth in 2009-10 before contracting in 2010-11 and 2011-12. Despite growth in discretionary income and a fall in interest rates, revenue growth during this period was negatively affected by a combination of high world gold prices, the flow-on effects from the collapse of global financial markets and a drop in consumer sentiment. Industry trading conditions improved in 2012-13 and 2013-14 and revenue is forecast to rise by 2.2% over 2014-15 to reach $3.4 billion.
Revenue growth during this period has been hampered by the challenging conditions faced by operators... purchase to read more
Industry Report - Industry Products Chapter
The product market for goods retailed by the industry may be broadly segmented into diamonds and precious jewellery, gold jewellery, silver jewellery, watches, and services and other products.
Diamonds and precious jewellery
Diamonds and precious jewellery are expected to be the industry's largest product segment in 2014-15, accounting for an estimated 30.0% of revenue. As a share of revenue, this segment has increased over the past five years due to the availability of better quality diamonds, which are of a superior colour, clarity and size. Demand for diamonds and precious jewellery has also benefited from an increase in discretionary income levels, which have enabled consumers to spend more on these goods during the past five years... purchase to read more