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 985.9 tons in 2015, representing annualized growth of 14.4% for that period. In the five years through 2016, total revenue for the Jewelry Store industry in China has been growing at an annualized rate of 8.9% to $96.5 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 Investment Chapter
Like many other retailing sectors, jewelry retailing requires manual work to perform sales activities. For every dollar spent on wages in this industry, about 26 cents are invested in capital, indicating a moderate capital intensity level.
A large number of jewelry retailers choose to rent sales sites rather than purchase property. Therefore, investment on fixed assets in the Jewelry Store industry is much lower than for the Jewelry Manufacturing industry (IBISWorld industry report 4218). Further, inventory management for jewelry retailers is much more flexible than for manufacturers.
Due to a large number of small jewelry retailers operating in the industry, information technology usage rates are relatively low... purchase to read more