Good as gold: Declining precious metal prices have lowered production costs, boosting profit

IBISWorld’s Jewellery Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Market Share of Companies
Industry Statistics & Market Size
Annual Growth
2011 - 2016
Annual Growth
2016 - 2021

Industry Analysis & Industry Trends

The Jewellery Manufacturing industry has performed well over the past five years. Industry revenue is expected to increase at an annualised 3.5% over the five years through 2015-16, to reach $2.3 billion. Steep declines in the world price of gold and silver, two key raw materials for many industry products, have allowed firms to lower prices, which has boosted demand from wholesalers, retailers and final consumers. The increase of real household discretionary income over the past five years has provided consumers with more income to spend on non-essential items such as jewellery products. This trend has increased demand for expensive custom-made or handmade jewellery, as consumers are willing to spend more on personalised fine jewellery...

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Industry Report - Industry Investment Chapter

The Jewellery Manufacturing industry exhibits a moderate level of capital intensity. For every dollar spent on capital, $5.82 is spent on wages. The industry's moderate capital intensity reflects the requirement for significant investment in manufacturing machinery such as computer systems and production machinery. In addition, industry operators require well-trained staff, with a need for designers, artisans, labourers and apprentices for the assembly and design of jewellery products.

Operators in the industry have fixed capital to produce jewellery and silverware, while a skilled workforce is required to perform time-consuming labour-intensive activities such as the intricate assembly of handmade jewellery. Cap..

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Industry Products

What is the Jewellery Manufacturing Industry?

Industry operators manufacture jewellery or silverware using precious or semi-precious metal and stones. Products manufactured include fine jewellery costume jewellery, badges and medals. Operators may also be involved in coin minting, diamond and gem cutting or in the manufacture, engraving, chasing, or etching of jewellery or precious metal. These products are sold to wholesalers or, in certain instances, directly to retailers.

Industry Products
Fine jewellery
Other products
Costume jewellery
Diamond and gem cutting
Coin minting
Industry Activities
Coin minting
Diamond and gem cutting
Custom-made jewellery
Costume jewellery
Badge and medal
Silverware and trophy
Lapidary work

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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