Industry Analysis & Industry Trends
Players operating in this industry manufacture a wide range of jewellery and other goldsmiths’ articles. International trade has a significant influence on the industry, but both import and export figures are highly inflated by re-exports. The industry is expected to decline at a compound annual rate of 1.7% over the five years through 2016-17, primarily due to weak domestic demand at the start of the period and robust import competition. In addition, reductions in manufacturing capacity also contributed to the decline in industry revenue. Export revenue increased over the five years through 2016-17, which slowed the fall in revenue. Industry revenue is also influenced by trends in material prices, such as the price of gold... purchase to read more
Industry Report - Industry Key Buyers Chapter
This industry has a low level of market share concentration. Industry concentration measures the extent to which major players dominate an industry. The top four players are estimated to have a market share of less than 20%. Graff Diamonds Ltd, the industry's largest player, has a market share that is significantly larger than that of any other player. Despite this, no firms have a major hold over the industry.
The Jewellery Manufacturing industry is highly fragmented, and there are many small players. This is further highlighted by the fact that 93% of firms employ fewer than 10 people, according to figures from the Office for National Statistics. Only 0.3% of firms employ more than 100 people.
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