Industry Analysis & Industry Trends
As household incomes rise and living standards improve, jewelry purchases have increased rapidly in China. For China's most popular jewelry category, gold jewelry, consumption volumes in China increased from 224.1 tons in 2004 to over 400 tons in 2010, representing an annualized growth rate of more than 10%.
In the five years through 2011, total revenue of the Jewelry Retailing industry in China is estimated to increase at an annualized rate of 29.4%. China has become the largest consumer of gemstone, jade and platinum jewelry in the world, and the second-largest consumer of gold jewelry (after India) and diamond jewelry (after the United States).
Jewelry price levels fluctuated greatly in recent years due to the global financial crisis.... purchase to read more
Industry Report - Industry Investment Chapter
Like many other retailing sectors, jewelry retailing mainly requires manual work to perform sales activities. Taking industry wages and depreciation as proxies for labor costs and capital costs, respectively, the labor-to-capital intensity is estimated to be approximately 4.6:1 in 2011, indicating a moderate capital intensity level in the industry.
A large number of jewelry retailers choose to rent sales sites rather than purchase the property. Therefore, investment on fixed assets in the Jewelry Retailing industry is much lower than for the Jewelry Manufacturing industry. Further, inventory management for jewelry retailers is much more flexible than manufacturers... purchase to read more