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 Key Buyers Chapter
Jewelry retailing is highly fragmented in China, with the five largest jewelry retailers, Chow Tai Fook, Laofengxiang, Shanghai Yuyuan, Beijing Caibai, and CHNGOLD, jointly accounting for less than 20% of industry revenue in 2016.
Low industry concentration is mainly due to fragmented domestic markets and relatively low industry entry barriers. The Jewelry Store industry in China is characterized by leading retailers in local markets, such as Laofengxiang and Yuyuan in Shanghai, Caibai in Beijing, and Huiyunlou in Shenyang. However, despite their prominence in local markets, their shares in the nationwide market are much lower... purchase to read more