Watch this space: Jewellers add more links to their chain as tourist demand and spending rise

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 3.1% over the five years through 2017-18, reaching $3.8 more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

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
  • 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 3.1% over the five years through 2017-18. Jewellery and watch retailers have benefited from higher discretionary incomes over this period. Strong demand from tourists for fine jewellery has also supported industry revenue over the past five years. Red...purchase to read more.

    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
  • 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..

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    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
  • 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 (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
    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?

    The Watch and Jewellery Retailing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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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