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Jewellery Manufacturing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Jewellery Manufacturing Market Research Report | SIC C32.120 | Feb 2017

Flawed: High inflation and low consumer confidence set to weaken domestic demand conditions

IBISWorld’s Jewellery Manufacturing 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.

Report Snapshot
Market Share of Companies
Graff Diamonds Ltd Graff Diamonds Ltd market share
Industry Statistics & Market Size
Revenue
£782m
Annual Growth 12-17
-1.7%
Annual Growth 17-22
Purchase to read more
Profit
Purchase to read more
Employment
5,535
Businesses
1,285
Industry Threats & Opportunities
  • Low consumer confidence and rising precious metal prices are expected to decrease demand
  • The overall decline in precious metal prices over the past five years lowered average jewellery selling prices
  • Discretionary items such as electronics will continue to compete with jewellery for consumer spending
  • ... purchase to read more

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 Products Chapter

Traditional and bridal jewellery

It is estimated that traditional and bridal jewellery accounts for 69.7% of jewellery manufacturers' revenue in 2016-17. Traditionally designed jewellery like rings, necklaces and bracelets are included in the traditional jewellery 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 remains steady even in difficult economic times. 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... purchase to read more

     


    Industry ProductsRelated Reports

    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 jewelleryCostume jewellery
     
    Industry Activities
    Working pearlsWorking precious and semi-precious stonesWorking diamondsManufacturing jewelleryManufacturing technical and laboratory articles from precious metals Manufacturing watch straps and cigarette cases from precious metalsEngraving


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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 demand trends
  • Gold loses its glitter
  • International trade influences
  • Margins shrink
  • Chart: Revenue Growth
  • Industry Outlook
  • Domestic demand conditions
  • Import competition remains strong
  • Margins widen
  • Table: Jewellery Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Jewellery Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Watch & Jewellery Wholesaling
  • Department Stores
  • Jewellery & Watch Stores
  • Consumers
  • Key Selling Industries
  • Metal & Metal Ore Wholesaling
  • Other Intermediate Product 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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • 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
    Major Companies
    Graff Diamonds Ltd
  • Table: Graff Diamonds Ltd - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Jewellery Manufacturing Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    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.
  • Re-Exports
  • When imported products are exported without undergoing any value-added processes.

  • Why Buy this Report?
    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 of 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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