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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 | Feb 2016

Silver lining: Despite volatile consumer sentiment, lower gold prices boost revenue

IBISWorld’s Watch and Jewellery Retailing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 11-16
1.9%
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 1.9% over the five years through 2015-16. Industry revenue contracted 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. Subsequent softer retail conditions heightened competition among industry operators as consumers shopped cautiously and focused on price. Higher world gold prices also led to a shift in consumer demand to silver jewellery due to its affordability compared with gold products... purchase to read more

Industry Report - Industry Locations Chapter

Population levels play a pivotal role in the location of watch and jewellery retailers across Australia. In general, retailers often chose to open stores in locations that support a higher population base. These locations aim to give consumers more choice when making a watch and jewellery purchase. A higher population base also broadens the pool of potential consumers for industry retailers to attract. As a result, New South Wales is expected to account for the majority of industry establishments in 2015-16. Over one-third of Australians reside in New South Wales, which supports the dominance of locations across this state. Victoria will rank second in establishment numbers, followed by Queensland... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Watch and Jewellery Retailing Industry?

The industry retails 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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