Shine bright: Stabilizing commodity prices will contribute to consistent growth

The Jewellery Stores industry in Canada sells jewellery, timepieces and sterling and plated silverware from brick-and-mortar establishments. Over the five years to 2018, industry revenue increased as improving economic conditions stimulated consumer demand for jewellery and watches. The industry has experienced external competition from department stores, supercentres, mass merchandisers and e-tailers. Given the industry's commoditization, the price movements of precious metal inputs influence industry performance. Fluctuations in the prices of gold, silver, platinum and diamonds have both positive and negative effects on the industry...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
1.8%
Forecast Growth 18-23
Profit
Employment
18,936
Businesses
4,646
Market Share of Companies

Industry Threats & Opportunities

  • The price movements of precious metal inputs influence industry performance
  • The industry is not exclusively reliant on the state of the economy
  • The industry will experience increased external competition
  • Industry Report - Industry Analysis Chapter

    The Jewellery Stores industry in Canada retails jewellery, timepieces and sterling and plated silverware. The industry is composed of brick-and-mortar shops and does not include internet, mail-order or direct-sale retailers. Over the five years to 2018, rising per capita disposable income and falling unemployment have encouraged consumers to increasingly purchase jewellery sold by this industry, despite intensified competition from external industries and falling input costs.As the prices of gold and silver decrease, jewellery store operators typically lower their selling prices, placing downward pressure on industry revenue. Nonetheless, improving economic conditions have stimulated consumer demand for jewellery and watches, driving industry revenue growth. Ove...purchase to read more.

    Additional Insights for the Jewellery Stores Industry

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

  • Ability to attract local support/patronage
  • Ability to effectively manage risk
  • Aggressive marketing/franchising - given the high level of competition
  • IBISWorld analysts also discuss how external factors such as Number of households earning $100K or more and Per capita disposable income in the Jewellery Stores industry impact industry performance..

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    What's in this report

    What is the Jewellery Stores Industry?

    This industry retails jewellery made of gold, diamonds, silver and other precious metals and gemstones. This industry only includes specialty jewellery stores and does not include department stores or online establishments that sell jewellery along with other items.

    Industry Products
  • Diamond jewellery
  • Gold jewellery
  • Watches
  • Pearl and gemstone jewellery
  • Industry Activities
  • Selling gold jewellery
  • Selling silver jewellery
  • Selling diamond jewellery
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of households earning $100K or more
  • Per capita disposable income
  • Demand from department stores
  • Demand from e-commerce and online auctions

  • Current Performance
  • Macroeconomic effects
  • Commodity prices
  • External competition
  • Chart: Revenue Growth

  • Industry Outlook
  • External competition
  • Opportunities ahead
  • Table: Jewellery Stores Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Gold & Silver Ore Mining in Canada
  • Jewellery Manufacturing in Canada
  • Metal Plating & Treating in Canada
  • Mineral & Phosphate Mining in Canada

  • Products & Services
  • Diamond jewellery
  • Watches
  • Other
  • Gold jewellery
  • Pearl and gemstone jewellery
  • Chart: Jewellery Stores Industry Products and Services Segmentation

  • Demand Determinants
  • Economic conditions
  • Consumer preferences
  • Supply side considerations

  • Major Markets
  • Middle income quintiles
  • Highest income quintile
  • Lowest income quintile
  • Chart: Major Market Segmentation for the Jewellery Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationRent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Jewellery Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Jewellery Stores Industry

  • Industry Globalization
    Zale Corporation, Birks Group Inc.,
  • Table: Zale Corporation - financial performance
  • Table: Birks Group Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Jewellery Stores 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 Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cut
  • The angles and proportions created in transforming a rough diamond into a polished diamond. A diamond that is well cut is more valuable than a diamond that is not.
  • Electronic Data Interchange (Edi)
  • The transmission of data between businesses from one computer system to another.
  • Gemologist
  • An expert in precious stones, who can often identify and evaluate types of gems.
  • Karat
  • A unit of measurement that describes the purity of gold.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Jewellery 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.

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

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