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Jewellery & Watch Stores in the UK: Market Research Report

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

Jewellery & Watch Stores Market Research Report | SIC G47.770 | Nov 2016

Bright spark: Rising expenditure by tourists has supported strong current-year growth

IBISWorld’s Jewellery & Watch Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Aurum Group Limited Aurum Group Limited market share
Signet Jewelers Limited Signet Jewelers Limited market share
There are no major players in this industry There are no major players in this industry market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • Consistent demand has supported steady revenue growth over the past five years
  • Fluctuating input costs have negatively affected profit margins, particularly for smaller operators
  • Competition from non-specialist stores is expected to hamper profit margins over the next five years
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Industry Analysis & Industry Trends

Industry operators sell jewellery items, 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. Luxury jewellery and watches, however, at higher price brackets, are generally unaffected by fluctuations in confidence and income, benefiting from constant demand from wealthy customers... purchase to read more

Industry Report - Industry Products Chapter

Diamond jewellery

The diamond jewellery segment is estimated to be the largest segment for operators, accounting for an estimated 49.5% of industry revenue in the current year. Products within this segment include rings, necklaces, bracelets, anklets, brooches and other items in which diamonds constitute at least half of the value of the final product. Over the past five years the revenue attributed to this segment has increased, as growing levels of disposable income have led to demand for diamond jewellery increasing. The volume of sales of these products is lower than those of other segments, but their high cost results in the segment contributing a significant proportion of industry revenue.

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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... purchase to read more


    Industry ProductsRelated Reports

    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 jewelleryWatches and clocksGold and silver jewellerySilverware and other gift itemsPlatinum jewellery
    Industry Activities
    Jewellery retailingWatch and clock retailingSilverware and gift item retailing

    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
  • 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
  • Products & Markets
    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
    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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Depreciation
  • Utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Jewellery & Watch Stores
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Jewellery & Watch Stores Industry
  • Industry Globalization
    Major Companies
    Aurum Holdings Limited
    Signet Jewelers Limited
  • Table: Aurum Holdings Limited - financial performance
  • Table: Signet Jewelers Limited - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Jewellery & Watch Stores Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
  • Buying and selling of products or services over electronic systems such as the internet.
  • Luxury Goods
  • 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.

  • 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 & 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 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 & 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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