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 | May 2015

Hidden gem: Online retailing could provide opportunity for industry growth

IBISWorld’s Watch and Jewellery Retailing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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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 the cash rate, revenue growth was negatively affected during this period by 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.

Operators have faced challenging conditions over the past five years, hampering revenue growth... purchase to read more

Industry Report - Industry Investment Chapter

The industry exhibits a low level of capital intensity. For every dollar spent on wages, $0.09 is spent on capital. As a service industry, wages are a fundamental part of daily operations. Employees are required to undertake a number of 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?

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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