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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 2014

IBISWorld’s Jewelry Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$99bn
Annual Growth 09-14
22.9%
Annual Growth 14-19
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Profit
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Employment
465,209
Businesses
23,371
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 716.5 tons in 2013, representing annualized growth of over 20.0%. In the five years through 2014, total revenue for the Jewelry Store industry in China has been growing at an annualized rate of 22.9% to $98.9 billion. 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 global financial volatility.... 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 more than 716.5 tons in 2013, and China is now the second-largest gold jewelry consumer in the world after India.

Although worldwide gold demand was heavily hit by the global financial crisis in the second half of 2008, gold jewelry consumption has been growing steadily in China due to people's growing knowledge of gold's value-preservation function. Gold jewelry is particularly popular in rural areas... 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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