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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 Key Buyers Chapter

The industry is characterised by a medium level of concentration. The top four players account for more than 40% of the market in 2015-16. Jewellery buying groups such as Nationwide Jewellers and Showcase Jewellers are a dominate force in the industry, as are larger players such as Products and Michael Hill. Outside of these key players, most industry participants are small-sized operators with fewer than 20 employees. The industry’s moderate barriers to entry and competition, and mature life cycle may also deter new operators from entering the industry and gaining market share.

Michael Hill’s market share concentration has increased over the past five years, while Prouds has suffered, possibly due to the softer retail market during this period... 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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