Time is money: An uptick in tourist spending on luxury goods has supported the industry

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 at an annualised 1.8% over the five years through 2018-19, to reach $3.7 billion...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Increased tourist spending on luxury goods such as fine jewellery has benefited the industry
  • The internet has made it easier for foreign firms to sell their products directly to Australians
  • The inexpensive and often disposable nature of fashion jewellery lends itself to the digital market
  • Industry Report - Industry Investment Chapter

    The Watch and Jewellery Retailing industry exhibits low capital intensity. In 2018-19, for every dollar invested in capital, an estimated $8.18 is spent on wages. Staff are required to manage store inventories, set up product displays, serve customers and perform other general day-to-day upkeep tasks. Fine jewellery retailers generally require more-experienced staff with strong sales skills and excellent product knowledge. This is particularly true for luxury retailers that sell expensive, upmarket fine jewellery products. Extra services towards potentially lucrative clients include private consultations, altered store hours and in-house sourcing of unique gems and pearls. As a result, fine jewellers are typically more labour-intensive than fashion jewellery retailers...purchase to read more.

    Additional Insights for the Watch and Jewellery Retailing Industry

    IBISWorld has determined the most important Key Success Factors for the Watch and Jewellery Retailing are:

  • Having a clear market position
  • Access to highly skilled workforce
  • 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..

    shopping_cartPURCHASE OPTIONS

    Look under the hood?

    Download a FREE sample report

    Top 500 Companies List
    has been released

    Click here for more

    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Other
  • 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
    Prouds Jewellers Pty Limited, Michael Hill International Limited, Tiffany & 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

  • 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
    Table: Industry Data for the Watch and Jewellery Retailing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    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.

    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.

    Contact Us

    Want to speak to a representative? Call us.