the jewellery market
1.1 Definition and presentation
The jewelry sector identifies the set of production processes that lead to the creation of accessories and precious ornaments. In fact, in ancient times, the jewel had a symbolic value, often religious or spiritual, and was represented mostly by amulets or good luck charms. A meaning that, over time, has changed radically, but that continues to identify the jewel as a symbol of beauty and status, meanings not too far from its original value.
The jewelry industry is mainly driven by certain product categories:
The years preceding 2020 have demonstrated strong growth in the UK jewelry market; necklaces grew the most between 2014 and 2018 (10%), whilst watches grew at the slowest rate (2%). A strong value driver has been the increased spending by women.
Large retailers include for example Pandora, HSamuel, Accessorize, Watchshop. The UK jewelry market is highly fragmented with around 100 retailers. [salience]
Demand for jewelry is positively correlated to economic growth and inflation. Factors such as an increasing proportion of HNWIs and a soaring urban population also contributes to positive growth. Moreover, since foreign consumers make up a large fraction of the revenue of jewelers in the UK, the value of the pound matters; the recent growth in the industry has been party driven by a weak pound in times of uncertainty around Brexit.
To keep reading, buy the full research
What is in this market study?
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What are the latest trends in this market?
- What is the positioning of companies in the value chain?
- How do companies in the market differ from each other?
- Access company mapping and profiles.
- Data from several dozen databases
This market study is available online and in pdf format (38 p.)
- Download an example
- Consult our offers Consulting, Subscription, Press & Education.
Availability within 2 business days
Analysts & Methods
Customer Reviews (1)
Average over the last 3 months