Going for gold: Strong demand for fine jewellery has led to revenue growth

Businesses in the Watch and Jewellery Retailing industry sell fine and fashion jewellery to consumers. Fashion jewellery products are low-value merchandise often made from inexpensive stones and materials. Conversely, fine jewellery and watches are made from precious or semiprecious stones, along with precious metals such as gold and silver. As a result, the industry encompasses a broad range of products aimed at different consumer demographics. Major players in the industry include Michael Hill International Limited and James Pascoe Limited, which operate branded retail chains throughout the country. However, industry concentration is low due to the presence of many independent fine jewellery and fashion jewellery stores.Industry revenue is expected to grow at an annualised 3.2%...read more.

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

Industry Threats & Opportunities

  • The industry’s operators sell both fine and fashion jewellery items to consumers
  • Many fashion jewellery products are imported from China, India and Thailand
  • Profit margins are projected to improve over the next five years, as the industry continues to grow
  • Industry Report - Industry Investment Chapter

    The Watch and Jewellery Retailing industry exhibits a moderate level of capital intensity. For every dollar spent on wages in 2018-19, an expected $0.15 will be spent on capital costs. Jewellers require staff to perform key functions, such as stocking merchandise and serving customers. Up-market jewellery stores have a higher focus on customer service than fashion jewellers, largely due to their low-volume, high-margin business model. Fashion jewellers often save on labour costs by employing fewer employees per store, instead attracting customers through affordable prices...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..

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    What's in this report

    What is the Watch and Jewellery Retailing in New Zealand Industry?

    Industry players retail fine and fashion jewellery. Firms also retail watches. The industry includes bricks-and-mortar stores that also have an online presence, but excludes online-only retailers.

    Industry Products
  • Fine metal jewellery
  • Precious stones jewellery
  • Fashion jewellery and watches
  • Fine watches
  • Other jewellery products and services
  • Industry Activities
  • Fine jewellery retailing
  • Fashion jewellery retailing
  • Watch 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
  • Trade-weighted index
  • World price of gold

  • Current Performance
  • Industry profit and participation
  • Fine jewellery trends
  • Luxury demand
  • Fashion jewellery trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Cost trends
  • Mid-market and luxury expansion
  • Fashion jewellery 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 in New Zealand

  • Key Selling Industries
  • Commercial Property Operators in New Zealand
  • Electricity Retailing in New Zealand
  • Wireless Telecommunications Carriers in New Zealand

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

  • Demand Determinants
    Major Markets
  • People aged 35 to 54
  • People aged 15 to 34
  • People aged 55 and over
  • 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
  • Internal competition
  • External competition

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

  • Industry Globalization
    Michael Hill International Limited, James Pascoe Limited,
  • Table: Michael Hill International Limited - financial performance
  • Table: James Pascoe Limited - 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 and watch items made from non-precious stones and cheaper materials.
  • Fine Jewellery
  • Jewellery and watch items made from precious and semiprecious stones, and precious metals.
  • Mid-Market
  • Fine jewellery that is sold at an affordable pricepoint.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Watch and Jewellery Retailing in New Zealand market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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 in New Zealand:
    • 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 in New Zealand 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 in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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