Fine Jewellery and Watch Retailing in Australia - Industry Market Research Report

I don't: Reduced marriage numbers have diminished industry demand and revenue

The Fine Jewellery and Watch Retailing industry consists of firms that sell fine jewellery and watches made of precious or semiprecious gemstones and metals. Difficult retail conditions over the past five years have constrained the industry's performance. Industry revenue is expected to decline at an annualised 0.3% over the five years through 2022-23, to $3.8 billion. Reduced foot traffic and cost pressures brought on by the COVID-19 pandemic have placed significant downward pressure on industry performance. General economic recovery following the easing of COVID-19 travel restrictions has lifted consumer sentiment, a key driver of demand for industry goods. Accordingly, the industry's performance includes an increase of 0.9% in 2022-23. Industry operators primarily retail fine jewellery and watches, which are made with precious metals or precious and semiprecious gemstones. Businesses that primarily retail fashion watches and jewellery not made with precious metals or gemstones are excluded from the industry. Online-only players are also excluded from 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.