New shine: Demand is forecast to improve in the long term as consumer confidence grows

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. In the current year, revenue is anticipated to increase by 4.4% to reach £876.8 million.Over the past five years, demand has remained robust, influenced by falling unemployment rates and rising real household disposable income levels...read more.

Industry Statistics & Market Size
Revenue
£876.8m
Annual Growth 15-20
2.9%
Forecast Growth 20-25
Profit
Employment
5,925
Businesses
1,318
Market Share of Companies

Industry Threats & Opportunities

  • Falling platinum and diamond prices benefited profit, but also limited industry revenue growth
  • The prices of precious metals and other material inputs have fluctuated over the past five-year period
  • As consumer confidence and investment recover, discretionary spending is expected to increase
  • Industry Report - Industry Products Chapter

    Traditional and bridal jewelleryIt is estimated that traditional and bridal jewellery will account for 64.7% of the industry's revenue in 2019-20. Traditionally designed jewellery like rings, necklaces and bracelets are included in this product segment. They are usually priced in the medium- to high-end of the market and account for a relatively large share of jewellery production in the United Kingdom. These goods often compete with other high-end purchases like luxury cars and overseas travel for consumer spending.IBISWorld includes engagement rings, wedding rings and bridal jewellery in this segment. Expenditure on commitment and bridal jewellery is often considered a necessity, so demand is less affected by prevailing economic conditions. Thi...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
  • 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
    ProfitPurchasesWagesWage costs are expected to account for 15.1% of revenue. Jewellery manufacturing can be labour-intensive when it involves the input of trained and experienced designers and craftsmen. However, manufacturers making cheaper jewellery are more likely to rely on equipment and use less skilled labour. Wages have declined as a share of revenue over the past five years due to measures introduced to improve cost efficiencies, such as computer-aided design technology used to determine cuts that can be made from gemstones. DepreciationRentUtilitiesMarketingOther
  • Chart: Cost Structure Benchmarking – Sector vs Jewellery Manufacturing

  • Basis of Competition
    Internal competitionExternal 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
    Includes:
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Copyright
  • 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?

    The Jewellery Manufacturing 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.

    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 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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