PROSPECTS AND OPPORTUNITIES
Fine jewellery to drive category sales over the forecast period
Jewellery is expected to record a 1% value CAGR (at constant 2024 prices) over the forecast period, with a similar performance registered by fine jewellery. Costume jewellery, on the other hand, is anticipated to experience a marginal value sales decline (at constant 2024 prices), as it is subject to increasing price pressure.
LGDs, men’s jewellery and capsule collection trends likely to take shape in response to consumer demand
There are a number of consumer preferences that are likely to continue to shape jewellery in Australia over the forecast period. These include demand for budget-conscious alternatives, such as lab-grown diamonds (LGDs), growth in men’s jewellery, and an increase in capsule collections inspired by fast fashion.
Retail e-commerce to increase its share of distribution in the coming years
The rise of retail e-commerce in jewellery over the review period is likely to continue to develop into the forecast period, as retailers and manufacturers respond accordingly and further enhance their omnichannel offerings. Meanwhile, jewellery and watch specialists, holding 74% retail value share in 2024, is anticipated to remain the leading physical retail distribution channel.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Jewellery industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Jewellery industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Jewellery in Australia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Jewellery in Australia?
- Which are the leading brands in Jewellery in Australia?
- How significant is tourism in determining sales and demand for Jewellery in Australia?
- How are COVID-19 and global recession impacting demand for Jewellery in Australia?
- In the wake of COVID-19, how soon can Jewellery be expected to recover? Where are the opportunities for growth now?
- Where is future growth expected to be most significant?
Jewellery in Australia - Category analysis
KEY DATA FINDINGS
Tentatively optimistic results suggest consumers are starting to spend rather than save
Competitive landscape features both local and international players with varied product mix
Lab-grown diamonds appeal to younger generations of consumers
Fine jewellery to drive category sales over the forecast period
LGDs, men’s jewellery and capsule collection trends likely to take shape in response to consumer demand
Retail e-commerce to increase its share of distribution in the coming years
Personal Accessories in Australia - Industry Overview
Personal accessories in 2024: The big picture
Influence of Generation Z and millennials shapes consumer behaviour
Innovative new product development, expanding engagement and corporate acquisition ensure dynamic competitive landscape
Retail developments focus on increasing vertical integration of specialists and building seamless omnichannel strategies
What next for personal accessories?
DISCLAIMER
The following categories and subcategories are included:
Jewellery
- Costume Jewellery
- Fine Jewellery
Jewellery
Jewellery is a kind of personal adornment usually made with various precious and semi-precious materials such as gemstones, precious metals, beads, glass, and shells. Jewellery is segmented as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Jewellery research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!