Overview

All that glitters: Rising price-based competition constrains industry profitability

The Fine Jewellery and Watch 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.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Fine Jewellery and Watch Retailing industry comprises firms that sell fine jewellery and watch items made of precious or semiprecious gemstones and metals. However, it does not include firms that retail fashion jewellery items, which are made of non-precious metals and stones. Industry revenue is expected to grow at an annualised 3.1% over the five years through 2016-17, to $2.7 billion. Industry firms have benefitted from the low domestic price of silver, which has improved the affordability of many fine silver products. An increase in the number of marriages over the past five years has also boosted demand, fuelling sales for diamond engagement rings...

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What is the Fine Jewellery and Watch Retailing industry?

The Fine Jewellery and Watch Retailing industry includes firms that retail products made from precious metals, such as silver, gold and platinum, or precious and semiprecious stones, such as diamonds, rubies and sapphires. Some industry firms also provide valuation or repair services. The industry does not include firms that retail fashion jewellery or watches, which are typically made from non-precious materials.

The industry has grown moderately over the past five years. Industry revenue is forecast to rise at an annualised 3.1% over the five years through 2016-17, to $2.7 billion. An increase in household discretionary income has driven growth, which has enticed some boutique luxury jewellers to set up operations in Australia. A r...

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Additional Insights for the Fine Jewellery and Watch Retailing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fine Jewellery and Watch 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 Fine Jewellery and Watch Retailing industry impact industry performance..

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    New Zealand Special Report

    Products & Brands

    Major products in this industry
    Precious stones jewellery
    Fine silver jewellery
    Fine watches
    Fine gold jewellery
    Services and other products
    Examples of brands in this Industry
    Emma & Roe
    Michael Hill
    Prouds
    Goldmark
    Angus & Coote

    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
  • World price of silver
  • Number of marriages

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Fine Jewellery and Watch Retailing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fine Jewellery and Watch 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
  • Precious stones jewellery
  • Fine silver jewellery
  • Services and other products
  • Fine watches
  • Fine gold jewellery
  • Chart: Fine Jewellery and Watch Retailing Industry Products and Services Segmentation

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

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Advertising
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Fine Jewellery and Watch Retailing

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fine Jewellery and Watch 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 Fine Jewellery and Watch 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 Fine Jewellery and Watch Retailing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    E-Tailers
  • Retailers that sell products online.
  • Fashion Jewellery
  • Jewellery items made of non-precious metals or stones.
  • Fine Jewellery
  • Items made of precious or semiprecious metals or stones.
  • 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 Fine Jewellery and Watch 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 Fine Jewellery and Watch 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 Fine Jewellery and Watch Retailing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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