Industry Analysis & Industry Trends
During 2011, industry revenue is expected to increase by 15.2% to $45.29 billion, with annualized increases of 10.9% in the past five years. There are expected to be 11,017 enterprises operating within the industry in 2011, employing over 942,000 workers with an estimated payroll of $3.07 billion. China is the second-largest jewelry manufacturing and consuming country in the word, supplying a vast domestic market and many foreign countries. Over the five years through 2016, industry revenue is expected to increase at an average annualized rate of 8.7%, totaling $68.82 billion by 2016.
Industry revenue was low in 2009, with growth of 8.6% due to the global financial crisis, concerns about future household income growth, and export declines.... purchase to read more
Industry Report - Starting a New Business Chapter
Start-up investment is relatively low to enter the industry. Jewelry manufacturing equipment is generally long-lasting and accounts for a relatively small proportion of a company's start-up costs.
There are many well-known jewelry brands in China. However, the concentration level for this industry is very low, because there are many market segments in this industry and no enterprise can dominate the entire market.
After several years of rapid development, jewelry manufacturing technologies have matured. Additionally, the labor costs in China are much lower compared with developed countries. Therefore, many foreign enterprises entrust domestic jewelry manufacturers to process jewelry for them... purchase to read more