Industry Analysis & Industry Trends
High gold and silver prices have supported growth in industry revenue over the past five years to 2011-12, while overall volumes sold contracted due to the effect of the global economic downturn. The recession, which began in 2008, resulted in consumers postponing purchases of discretionary products such as jewellery. Many downstream retailers of jewellery reported declines in revenue during 2008-09 and 2009-10, and this translated to lower revenue for wholesalers. Demand for luxury watches, in particular, fell during this period. The decline continued into 2009-10 and 2010-11, as economic conditions recovered slowly and as consumers continued to be cautious about making expensive purchases. IBISWorld estimates that industry revenue increased at an annualised rate of 1.6%.. purchase to read more
Industry Report - Industry Key Buyers Chapter
IBISWorld estimates that the level of market share concentration in this industry is low, and few companies have significant market share. There will be approximately 1,523 companies in this industry in 2011-12, each employing between four and five employees. The number of enterprises operating in this industry has remained relatively steady over the past five years. Average revenue per company for the year will be approximately £1,200,000... purchase to read more