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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 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
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 Investment Chapter

The industry exhibits a low level of capital intensity. For every dollar spent on capital, $11.33 is spent on wages. As a service industry, wages are a fundamental part of daily operations. Employees are required to undertake several duties, including customer service, product displays and inventory management.

Albeit from a low base, the industry's capital intensity has increased over the past four decades due to the introduction and installation of computerised point of sale (POS) systems. This has simplified labour tasks and minimised employee mistakes. POS systems have also allowed operators to computerise their inventories, which has improved stock control and cost efficiencies... 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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