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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 2014

Lacklustre: Volatile consumer sentiment has resulted in static 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 10-15
0.0%
Annual Growth 15-20
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Profit
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Employment
19,320
Businesses
2,465
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 - 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 that include precious metals and/or precious and semiprecious gemstones. Industry operators are often regarded as retailers of fine jewellery and watches. Retailers that have an online presence are included in the industry. Businesses that primarily retail non-precious metal-based fashion watches and jewellery 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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