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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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
Revenue
£6bn
Annual Growth 12-17
2.4%
Annual Growth 17-22
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Profit
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Employment
43,250
Businesses
4,100
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 Locations Chapter

The industry is fiercely contested, as a result operators place high importance on the position and location of their stores. It is paramount that operators locate their stores in regions with high customer footfalls. For this reason, the geographic spread of jewellery stores is highly correlated with the size of the population. Operators also look to regions with high average levels of disposable income, as operators want to be close to their end users.

London

London is estimated to account for the highest proportion of industry establishments, accounting for 19.6% in the current year. London is estimated to be the second highest populous region, operators are drawn to populated regions and as a result are drawn to London. Var.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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


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