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Watch and Jewellery Retailing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Watch and Jewellery Retailing Market Research Report | ANZSIC G4253 | Aug 2016

Watch out: Rising rent costs and price-based competition have dampened industry profitability

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 Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
2.8%
Annual Growth 17-22
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Profit
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Employment
20,536
Businesses
2,679
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 and precious or semiprecious stones. Fashion jewellery is manufactured from comparatively inexpensive materials, and is often targeted at value-conscious consumers. For more information on the individual fine or fashion jewellery and watch industries, refer to the OD5532 Fine Jewellery and Watch Retailing industry report or the OD5483 Fashion Jewellery Retailing industry report.

The Watch and Jewellery Retailing industry is forecast to grow at an annualised 2.8% over the five years through 2016-17, to reach $3.3 billion... purchase to read more

Industry Report - Starting a New Business Chapter

The industry has moderate barriers to entry. Store fit-out is the largest up-front cost for potential industry entrants. Generally, fitting out a new watch and jewellery store will cost at least $250,000 in a shopping centre. Additionally, new industry players will typically need to purchase stock, which can cost approximately $300,000 for fine jewellery retailers. These costs can be even higher for new entrants that are part of a jewellery retailing chain, as these entrants must absorb the cost of establishing a store that matches all other retailers in that chain.

It can also be difficult for new entrants to establish a reputation within the industry. Successful watch and jewellery retailers typically have strong and favourable reputations within the industry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 jewelleryPrecious stones jewelleryFashion jewellery and watchesFine watchesOther fine jewellery products and services
 
Industry Activities
Watch retailingFashion jewellery retailingPrecious stones retailingFine jewellery retailing


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