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 - Starting a New Business Chapter
The industry has moderate barriers to entry. Store fit-out is the largest up-front cost for potential industry entrants. Generally, fitting out a new watch and jewellery store will cost at least $250,000 in a shopping centre. Additionally, new industry players will typically need to purchase stock, which can cost approximately $300,000 for fine jewellery retailers. These costs can be even higher for new entrants that are part of a jewellery retailing chain, as these entrants must absorb the cost of establishing a store that matches all other retailers in that chain.
It can also be difficult for new entrants to establish a reputation within the industry. Successful watch and jewellery retailers typically have strong and favourable reputations within the industry... purchase to read more