Brighter prospects: Declining precious metal prices are expected to support future demand

The Jewellery Manufacturing industry produces traditional and bridal jewellery such as rings, necklaces and bracelets. Costume and jewellery related to fashion is also a major focus for the industry. Smaller market segments include goldsmiths' articles and technical or laboratory articles. Manufacture of imitation jewellery or jewellery repair is not included in this industry. The majority of products are made using pearls, precious and semi-precious stones, and precious metals.Over the past five years domestic demand has fluctuated, influenced by economic conditions such as unemployment rates and real household disposable income levels. Political events have negatively affected consumer confidence, reducing more.

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

Industry Threats & Opportunities

  • Falling precious metal prices lowered selling prices, but revenue grew over the past five years
  • Growth in exports over the past five years has contributed to industry revenue expansion
  • Growth in consumer confidence and disposable income is expected to support industry demand
  • Industry Report - Industry Locations Chapter

    Jewellery manufacturers have been historically located close to each other and close to retailers. There is often collaboration involved in designing, manufacturing and selling jewellery, and parts of the process can move between different firms. However, other factors including operating costs, disposable incomes and spending power also influence the location of industry establishments.LondonLondon has the highest concentration of industry establishments, with approximately 33% of establishments located in the capital. Hatton Garden is home to approximately 300 businesses in the industry. The region also has the highest proportion of jewellery retailers, which is a key market for the industry. Hig...purchase to read more.

    Additional Insights for the Jewellery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Jewellery Manufacturing Industry are

  • Access to highly skilled workforce
  • Establishment of export markets
  • Having an extensive distribution/collection network
  • IBISWorld analysts also discuss how external factors such as MSCI World Index and Consumer confidence index in the Jewellery Manufacturing industry impact industry performance..

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    What's in this report

    What is the Jewellery Manufacturing Industry?

    Firms in this industry manufacture jewellery and related articles from precious or base metals clad with precious or semi-precious stones. The manufacture of goldsmiths’ articles, watch straps and cigarette cases from precious metals is also included. Repair services and the manufacture of imitation jewellery are not covered.

    Industry Products
  • Traditional and bridal jewellery
  • Costume jewellery
  • Industry Activities
  • Working pearls
  • Working precious and semi-precious stones
  • Working diamonds
  • Manufacturing jewellery
  • Manufacturing technical and laboratory articles from precious metals
  • Manufacturing watch straps and cigarette cases from precious metals
  • Engraving
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • MSCI World Index
  • Consumer confidence index
  • World price of gold
  • Real household disposable income
  • Real effective exchange rate
  • World price of platinum

  • Current Performance
  • Domestic conditions
  • Commodity prices
  • Trends in trade
  • Volatile performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand and prices
  • Tough import competition
  • Profit performance
  • Table: Jewellery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Jewellery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Watch & Jewellery Wholesaling
  • Department Stores
  • Jewellery & Watch Stores
  • Consumers

  • Key Selling Industries
  • Metal & Metal Ore Wholesaling
  • Precious Metals Production
  • Tool Manufacturing

  • Products & Services
  • Traditional and bridal jewellery
  • Costume jewellery
  • Other
  • Chart: Jewellery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Retailers
  • Wholesalers
  • Consumers
  • Other
  • Chart: Major Market Segmentation for the Jewellery Manufacturing 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 Jewellery Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Jewellery Manufacturing Industry

  • Industry Globalization
    Graff Diamonds Ltd,
  • Table: Graff Diamonds Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Jewellery Manufacturing 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 Jewellery Manufacturing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A legal concept that grants the creator of an original work exclusive rights to its use and distribution.
  • Costume Jewellery
  • Jewellery that is made using less expensive stones and metals, making it cheaper.
  • Pewter
  • A grey alloy composed of copper, lead and tin which is sometimes used instead of silver.
  • Re-Exports
  • When imported products are exported without undergoing any value-added processes.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Jewellery Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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
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    This report on Jewellery Manufacturing:
    • 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 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 Jewellery Manufacturing 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 Jewellery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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