Overview

Fine taste: Rising discretionary incomes and tourist spending have boosted industry revenue

IBISWorld’s Watch and Jewellery Retailing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Increased tourist spending on luxury goods such as fine jewellery has benefited the industry
  • Online platforms have made it easier for foreign firms to sell their products directly to Australians
  • Fashion jewellery's inexpensive and often disposable nature lends itself to the digital market

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    Industry Analysis & Industry Trends

    Companies in the Watch and Jewellery Retailing industry retail either fine or fashion jewellery. Fine jewellery includes merchandise made from precious metals along with precious or semiprecious stones. Materials used for fine jewellery generally include gold, silver, platinum, diamonds and pearls. Fashion jewellery is manufactured from comparatively inexpensive materials, and is often targeted at value-conscious consumers. Materials used in fashion jewellery generally consist of plastic and glass.

    Industry revenue is forecast to grow by an annualised 2.3% over the five years through 2017-18, reaching $3.6 billion...

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    Industry Report - Industry Analysis Chapter

    Industry firms retail either fine or fashion jewellery. Fine jewellery includes items made from precious metals, such as gold, silver and platinum, or precious and semiprecious stones, such as diamonds, rubies, sapphires and emeralds. Fashion jewellery generally mimics finer jewellery using less expensive materials. Fashion jewellery’s lower pricepoint enables retailers to target value-conscious consumers, while fine jewellery is generally aimed at high-income individuals.

    Industry revenue is expected to grow by an annualised 2.3% over the five years through 2017-18. Jewellery and watch retailers have benefited from higher discretionary incomes over this period. Red..

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    Additional Insights for the Watch and Jewellery Retailing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Watch and Jewellery Retailing Industry are

  • Having a clear market position
  • Employing knowledgeable staff
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Consumer sentiment index and Real household discretionary income in the Watch and Jewellery Retailing industry impact industry performance..

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    Industry Products

    What is the Watch and Jewellery Retailing Industry?

    Industry operators retail fine or fashion jewellery and watches. Fine jewellery and watches include products made with precious metals or precious and semiprecious stones. Fashion jewellery retailers sell products made from non-precious metals, stones, glass, plastic or wood. Online-only retailers, department stores and general clothing retailers are not included in the industry.

    Industry Products
    Fine metal jewellery
    Precious stones jewellery
    Fashion jewellery and watches
    Fine watches
    Other fine jewellery products and services
    Industry Activities
    Watch retailing
    Fashion jewellery retailing
    Precious stones retailing
    Fine jewellery retailing

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer sentiment index
  • Real household discretionary income
  • Domestic price of gold
  • World price of silver
  • Demand from online shopping

  • Current Performance
  • Profitability and pricing
  • Social media and online sales
  • Luxury and tourism
  • Chart: Revenue Growth

  • Industry Outlook
  • Profitability and competition
  • Jewellery chains
  • Fashion trends
  • Table: Watch and Jewellery Retailing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Watch and Jewellery Retailing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Diamond and Gemstone Mining
  • Jewellery and Watch Wholesaling
  • Jewellery Manufacturing
  • Measurement and Other Scientific Equipment Manufacturing

  • Products & Services
  • Fine metal jewellery
  • Precious stones jewellery
  • Fashion jewellery and watches
  • Other fine jewellery products and services
  • Fine watches
  • Chart: Watch and Jewellery Retailing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest household income quintile
  • Fourth and third household income quintiles
  • Second and lowest household income quintiles
  • Chart: Major Market Segmentation for the Watch and Jewellery Retailing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Watch and Jewellery Retailing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Watch and Jewellery Retailing Industry

  • Industry Globalization
    Major Companies
    Prouds Jewellers Pty LimitedMichael Hill International LimitedTiffany & Co (Australia) Pty Ltd
  • Table: Prouds Jewellers Pty Limited - financial performance
  • Table: Michael Hill International Limited - financial performance
  • Table: Tiffany & Co (Australia) Pty Ltd - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Watch and Jewellery Retailing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Watch and Jewellery Retailing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Fashion Jewellery
  • Jewellery made from non-precious metals or stones that is often sold at a lower pricepoint than fine jewellery.
  • Fine Jewellery
  • Items made of precious metals and precious and/or semiprecious gemstones.
  • Point Of Sale (Pos)
  • The place goods are sold for retail and other transactions.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Watch and Jewellery Retailing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Watch and Jewellery Retailing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Watch and Jewellery Retailing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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