Jewellery & Watch Stores in the UK - Industry Market Research Report

Who to watch: High-income shoppers buoy the jewellery market during the cost-of-living crisis

Jewellery and watches aren't essential, so are highly influenced by changes in consumers' confidence in the economy and how much they have to spend. Uncertainty surrounding near-term economic prospects has weighed on sales and price-sensitive consumers have reduced their spending on luxury goods. Richer shoppers have sustained sales, as they are less susceptible to economic conditions. The pound's depreciation has supported demand for higher-value products, as many tourists have sought to purchase jewellery and watches at favourable exchange rates. 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. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.