Watch this space: Despite expanding overall, low confidence is expected to slow growth

Industry operators sell jewellery, watches, clocks, silverware and gift items across varying price points. The performance of the industry is strongly linked to levels of consumer confidence and household disposable income. Jewellery and watches are considered to be discretionary items, and customers therefore choose to reduce their expenditure on these products when economic conditions deteriorate. However, luxury jewellery and watches at higher price brackets are generally unaffected by fluctuations in confidence and income, benefiting from constant demand from wealthy customers. At the beginning of the five-year period through 2017-18, subdued economic conditions and weak consumer confidence limited demand for mid-range industry more.

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

Industry Threats & Opportunities

  • Competition from specialist online retailers is expected to grow over the next five years
  • Companies have improved cost efficiencies, which has helped bolster profit
  • Demand for luxury jewellery and watches is forecast to remain strong over the next five years
  • Industry Report - Starting a New Business Chapter

    The Jewellery and Watch Stores industry has moderate barriers to entry. Although the industry is fragmented, with the four largest operators only expected to account for 24.4% of industry revenue in the current year, potential entrants face obstacles when trying to make an impact on the industry. The costs associated with setting up operations and establishing distributions remain significant barriers to the industry.Operators within the industry often have a long history in the Stores industry and as a result have developed strong brand loyalty and recognition. This leads to consumers associating certain brands with a specific type of quality and class of jewellery. Jew...purchase to read more.

    Additional Insights for the Jewellery & Watch Stores Industry

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

  • Having a clear market position
  • Having a good technical knowledge of the product
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Expenditure by household income- highest quintile and Real household disposable income in the Jewellery & Watch Stores industry impact industry performance..

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    What's in this report

    What is the Jewellery & Watch Stores Industry?

    The companies that participate in this industry specialise in selling jewellery and watches to the general public through speciality stores and retail outlets. They also sell clocks, silverware and other gift items. Jewellery sold through department stores and other non-specialist stores is not included in the industry.

    Industry Products
  • Diamond jewellery
  • Watches and clocks
  • Gold and silver jewellery
  • Silverware and other gift items
  • Platinum jewellery
  • Industry Activities
  • Jewellery retailing
  • Watch and clock retailing
  • Silverware and gift item retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Expenditure by household income- highest quintile
  • Real household disposable income
  • Demand from department stores
  • World price of gold
  • Consumer confidence index

  • Current Performance
  • Rough beginnings
  • Input costs
  • A cut above
  • Chart: Revenue Growth

  • Industry Outlook
  • Effects of the referendum
  • Future trends
  • 3-D printing
  • Table: Jewellery & Watch Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Jewellery & Watch Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Jewellery Manufacturing
  • Security System Services
  • Watch & Clock Manufacturing
  • Watch & Jewellery Wholesaling

  • Products & Services
  • Diamond jewellery
  • Gold and silver jewellery
  • Watches and clocks
  • Silverware and other gift items
  • Platinum jewellery
  • Chart: Jewellery & Watch Stores Industry Products and Services Segmentation

  • Demand Determinants
  • Economic trends
  • Global supply

  • Major Markets
  • Highest quartile income earners
  • Second highest quartile income earners
  • Third highest quartile income earners
  • Lowest quartile income earners
  • Chart: Major Market Segmentation for the Jewellery & Watch Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRentDepreciationUtilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Jewellery & Watch Stores

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Jewellery & Watch Stores Industry

  • Industry Globalization
    The Watches of Switzerland Group Ltd, Signet Jewelers Limited, Pandora Jewellery UK Ltd,
  • Table: The Watches of Switzerland Group Ltd - financial performance
  • Table: Signet Jewelers Limited - financial performance
  • Table: Pandora Jewellery UK Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Jewellery & Watch Stores 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 & Watch Stores 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
  • Buying and selling of products or services over electronic systems such as the internet.
  • Luxury Items
  • Goods that are not a necessity. The consumption of such goods rises alongside growth in income levels.
  • Palladium
  • A rare and lustrous silver white metal with characteristics making it suitable for jewellery making.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Jewellery & Watch Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 Jewellery & Watch Stores:
    • 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 & Watch Stores 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 & Watch Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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