All that glitters: Declining input prices will benefit industry profit margins

The Jewellery Manufacturing industry in Canada has been highly volatile over the five years to 2018. While the industry has benefited from rising consumer spending and a depreciation in the Canadian dollar that helped to boost exports early in the reporting period, it has suffered throughout from declining commodity prices, which have diminished product prices alongside severe volatility in total export revenue. Overall, industry revenue has fallen. Over the five years to 2023, the industry is forecast to return to growth, in line with its long-term expansion. While the prices of silver and gold are forecast to decline slightly over the next five years, rising uncertainty about the 2020 US elections, will likely spur increased purchases of industry more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Fluctuating international trade conditions have played a significant role in industry revenue fluctuations
  • International trade has played an instrumental role in industry fortunes
  • Industry export figures and industry performance overall will continue to be linked closely
  • Industry Report - Industry Products Chapter

    Precious metal jewelleryPrecious metal jewellery is often made out of gold, silver, platinum and palladium, encrusted with diamonds, emeralds, rubies, sapphires and other gemstones. This product segment is also referred to as statement jewellery or fine jewellery and is usually targeted toward higher-income households. In 2018, precious metal jewellery is estimated to account for 44.3% of revenue. Over the past five years, its share of revenue has grown due to a decline in demand for gold and silver bullion coins.Nonprecious metal jewelleryNonprecious metal jewellery includes pieces made from base metals and also includes costume or imitation jewellery pieces. In 2018, this segment is expected to account for a meager 1.2% of revenue. Thi...purchase to read more.

    Additional Insights for the Jewellery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Jewellery Manufacturing Industry are

  • Access to a highly skilled workforce
  • Access to niche markets
  • Management of seasonal production
  • IBISWorld analysts also discuss how external factors such as World price of gold and Canadian effective exchange rate index in the Jewellery Manufacturing industry impact industry performance..

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    What's in this report

    What is the Jewellery Manufacturing Industry?

    This industry manufactures jewellery or silverware using precious or semi-precious metals and stones. Costume jewellery manufacturers, specialty coin producers and lapidaries (artisans who form stones, minerals and other durable materials into decorative items) are also included in this industry.

    Industry Products
  • Nonprecious metal jewellery
  • Precious metal jewellery
  • Minted coins
  • Industry Activities
  • Manufacturing gold jewellery
  • Manufacturing diamond jewellery
  • Manufacturing silver jewellery
  • Manufacturing platinum jewellery
  • Manufacturing silverware
  • Manufacturing costume jewellery
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of gold
  • Canadian effective exchange rate index
  • Per capita disposable income
  • World price of silver

  • Current Performance
  • Input prices, demand and profit
  • International trade
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Domestic demand and trade
  • Profit and industry participation
  • Potential threats
  • Table: Jewellery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Jewellery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Jewellery & Watch Wholesaling in Canada
  • Jewellery Stores in Canada
  • Department Stores in Canada

  • Key Selling Industries
  • Copper, Nickel, Lead & Zinc Mining in Canada
  • Gold & Silver Ore Mining in Canada
  • Mineral & Phosphate Mining in Canada
  • Stone Mining in Canada

  • Products & Services
  • Minted coins
  • Precious metal jewellery
  • Nonprecious metal jewellery
  • Chart: Jewellery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Wholesalers
  • Retailers
  • Chart: Major Market Segmentation for the Jewellery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Jewellery Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Jewellery Manufacturing Industry

  • Industry Globalization
    Royal Canadian Mint,
  • Table: Royal Canadian Mint - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Jewellery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Jewellery Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • World price of gold (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A mixture containing two or more elements that dissolve into each other when molten.
  • Bridal Sets
  • A set of rings that includes an engagement ring and a matching wedding ring or band.
  • Costume Jewellery
  • Jewellery that is made of less precious stones and metals, therefore having a lower price point.
  • Lapidary
  • A precious metal worker whose skills involve cutting and engraving; also, any work involving precious metal cutting or engraving.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Jewellery Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 Manufacturing:
    • 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 Manufacturing 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 Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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