Industry Analysis & Industry Trends
As household incomes rose and living standards improved, 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 886.1 tons in 2014, representing annualized growth of 14.7% for that period. In the five years through 2015, total revenue for the Jewelry Store industry in China has been growing at an annualized rate of 14.5% to $90.3 billion. China has become the largest consumer of gemstone, jade, platinum and gold jewelry in the world, and the second-largest consumer of diamond jewelry after the United States.
Jewelry price levels fluctuated greatly in recent years due to strong dollar trend and decreasing demand of luxury goods.... purchase to read more
Industry Report - Industry Analysis Chapter
Driven by growing household income levels, investment demand and marriage-related consumption, the Jewelry Store industry in China has experienced strong development. In the past five years, ACMR-IBISWorld estimates industry revenue increased at an annualized rate of 14.5% to total $90.3 billion in 2015. Although the jewelry retailing market size is much smaller than other traditional retailing sectors in China, such as foodstuffs, textile products and household appliances, recent rapid growth has made jewelry a more common consumption good category in China.
Jewelry prices are largely determined by international economic trends, government policies and market demand... purchase to read more