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Jewelry Stores in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Jewelry Stores Market Research Report | Jun 2015

IBISWorld’s Jewelry 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.

Report Snapshot
Industry Statistics & Market Size
Revenue
$90bn
Annual Growth 10-15
14.5%
Annual Growth 15-20
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Profit
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Employment
484,817
Businesses
24,235
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 Products Chapter

Gold jewelry

Gold jewelry is the most popular jewelry product in China, accounting for about 60.0% of industry revenue. Over 80.0% of gold in China is processed into jewelry and the remainder is used in the manufacturing sector. Annual domestic consumption of gold jewelry has increased from less than 250 tons in 2005 to 886.1 tons in 2014, and China is now the largest gold jewelry consumer in the world.

Gold jewelry is particularly popular in rural areas. In urban markets, jewelry manufacturers have been introducing more innovative and fashionable elements to attract young consumers. Due to decreasing price of gold in 2013, gold products consumption volumes was largely increased 41% from 2012... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Jewelry Stores Industry?

Jewelry Stores in China are mainly engaged in the retail sale of jewelry and ornaments made of gold, silver, platinum and other precious metals and their alloys, as well as diamonds, jade, pearls and other precious stones.

Industry Products
Gold jewelryGemstone jewelryDiamond jewelryPlatinum jewelry
 
Industry Activities
Gold jewelry retailingPlatinum jewelry retailingDiamond jewelry retailingSilver jewelry retailingPearl jewelry retailingGemstone jewelry retailingOther jewelry retailing


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