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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 - Industry Products Chapter

The product market for goods retailed by the industry may be broadly segmented into diamonds and precious jewellery, gold jewellery, silver jewellery, watches, and services and other products.

Diamonds and precious jewellery

Diamonds and precious jewellery are expected to be the industry's largest product segment in 2014-15, accounting for an estimated 30.0% of revenue. As a share of revenue, this segment has increased over the past five years due to the availability of better quality diamonds, which are of a superior colour, clarity and size. Demand for diamonds and precious jewellery has also benefited from an increase in discretionary income levels, which have enabled consumers to spend more on these goods during the past five years... 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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