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Jewellery Manufacturing in Germany - Market Research Report (2014-2029)

Melanie Katz Melanie Katz Frankfurt, Germany Last Updated: June 2024 WZ C32.12DE

Revenue

€751.0m

2024

€751.0m

Past 5-Year Growth

Profit

€XX.Xm

Employees

4,000

Businesses

56

Wages

€XXX.Xm

Jewellery Manufacturing in Germany industry analysis

In the last five years, the jewellery manufacturing industry has recorded a slight decline in sales on average. Between 2019 and 2024, industry sales fell by an average of 0.3% per year, primarily due to the challenges posed by the pandemic. However, since the lifting of the strict lockdown measures in the second half of 2021, there has been a catch-up effect in marriages, leading to an increase in demand for wedding and engagement rings. Nevertheless, jewellery manufacturers are facing increasing price pressure from cheap imports and rising raw material costs, as they have to source precious metals from abroad. Higher raw material prices in some cases are also contributing to rising sales, as jewellery manufacturers pass on rising material costs to their customers. Industry turnover is expected to fall by 1.5% to 751 million euros in 2024, as high inflation tends to have a negative impact on demand for luxury goods such as jewellery. < />Tourism, which is important for the retail sector, has been picking up again since 2021, which is having a positive impact on demand for jewellery. However, the jewellery industry will continue to face challenges such as increasing price pressure from cheap imports and the rising cost of raw materials. In addition, jewellery manufacturers could benefit from the trend towards sustainable and ethically responsible jewellery, as more and more consumers are placing value on environmentally friendly and socially responsible products.Over the next five years, IBISWorld expects industry turnover to fall by an average of 0.6% per year and reach 729.7 million euros in 2029. The main reasons for the slight decline in sales forecast are the strong price competition with suppliers from abroad and the falling number of marriages, which is reducing the demand for wedding rings. Nevertheless, efficiency gains are expected due to the gradual implementation of networked production lines.

Trends and Insights

  • German industry players are particularly reliant on imports for the supply of precious metals, as they do not mine them themselves. The fluctuations in international commodity prices, particularly for gold and silver, have a major impact on the industry.
  • The industry is in intense competition with foreign manufacturers, which leads to price pressure and lower margins for silver jewellery produced in Germany. For this reason, many manufacturers are concentrating on the production of more profitable gold jewellery.
  • The majority of jewellery companies are concentrated in the southern federal states, particularly in Baden-Württemberg, with Pforzheim playing an important role as a historic gold town. Around 80% of German jewellery exports come from this region.
  • Within the industry, jewellery manufacturers in the middle and lower price segments compete with each other primarily on price. Their products are relatively homogeneous and their brand awareness is generally not sufficient to set them apart from the competition.

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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has declined at a CAGR of 0.3 % over the past five years, to reach an estimated €751.0m in 2024.

Trends and Insights

Digital transformation and private labels have shaped the German jewellery market over the past five years

  • The German jewellery market offers a wide range of products and brands, particularly from international jewellery manufacturers. As digitalisation has progressed, the range has continued to grow in recent years, which has increased the competitive pressure on German manufacturers.
  • Additional trends and insights available with purchase
Jewellery Manufacturing in Germany
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to decline over the next five years.

Trends and Insights

Jewellery manufacturers are trying to strengthen their market position using various methods

  • Digitalisation enables jewellery manufacturers to reach potential customers worldwide through online communication and marketing and to sell their products directly to end customers at home and abroad via their own online shops.

Biggest companies in the Jewellery Manufacturing in Germany

Company
Market Share (%)
2024
Revenue (€m)
2024
Friedrich Binder GmbH & Co. KG
46.8
egf – Eduard G. Fidel GmbH
37.2
August Gerstner Ringfabrik GmbH & Co. KG
21.6

To view the market share and analysis for all 5 top companies in this industry, view purchase options.

Products & Services Segmentation

Jewellery Manufacturing in Germany
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Gold jewellery, Jewellery made of precious metals (excluding gold jewellery) and Precious and gemstones. Gold jewellery is the largest segment of the Jewellery Manufacturing in Germany.

Trends and Insights

Gold and diamond jewellery dominate the jewellery market, while wedding rings and engagement rings are on trend

  • Gold jewellery, which is processed with diamonds and other precious stones, accounts for the largest share of sales in the jewellery industry.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Companies active in this sector manufacture jewellery from precious and non-precious metals and process pearls, diamonds and precious and semi-precious stones. The industry does not include the repair of jewellery or the manufacture of costume jewellery.

What's included in this industry?

Gold jewelleryJewellery made of precious metals (excluding gold jewellery)Precious and gemstones

Companies

Friedrich Binder GmbH & Co. KGegf – Eduard G. Fidel GmbHAugust Gerstner Ringfabrik GmbH & Co. KG

Purchase this report to view all 5 major companies in this industry.

Related Terms

BLOOD DIAMONDFINGEHOLDSUPERIOR GOODCOMPUTER-AIDED DESIGN (CAD)HALF-FABRICATESKARAT

Industry Code

WZ 2008

WZ 32.12 - Jewellery Manufacturing in Germany

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

German industry players are particularly reliant on imports for the supply of precious metals, as they do not mine them themselves. The fluctuations in international commodit...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

The industry is in intense competition with foreign manufacturers, which leads to price pressure and lower margins for silver jewellery produced in Germany. For this reason, ...

In this chapter

  • Products & Services
  • Major Markets
  • International Trade

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level
  • Total imports, level and trend
  • Total exports, level and trend
  • Trade Balance

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024
  • International trade, including imports by country and exports by country

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services
  • Recent trends in import and export volumes, country of origin or destination, and expected future trends

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

The majority of jewellery companies are concentrated in the southern federal states, particularly in Baden-Württemberg, with Pforzheim playing an important role as a historic ...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Within the industry, jewellery manufacturers in the middle and lower price segments compete with each other primarily on price. Their products are relatively homogeneous and ...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

There are no major players in this industry The jewellery industry has a low market concentration. It is dominated by small companies that focus on specific niche markets.

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Friedrich Binder GmbH & Co. KG's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of egf – Eduard G. Fidel GmbH's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of August Gerstner Ringfabrik GmbH & Co. KG's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of revenue, market share and profit margin trend for 2 additional companies

Detailed analysis

  • Description and key data for Friedrich Binder GmbH & Co. KG, and factors influencing its performance in the industry
  • Description and key data for egf – Eduard G. Fidel GmbH, and factors influencing its performance in the industry
  • Description and key data for August Gerstner Ringfabrik GmbH & Co. KG, and factors influencing its performance in the industry
  • Description, key data and performance trends for 2 additional companies

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The Kimberley Agreement influences jewellery manufacturers by only allowing the processing of diamonds for which official certificates of origin from the respective country of...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

In recent years, the industry has managed to maintain its average profit margin at a relatively high level. This has been made possible by increased direct sales to end custo...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Jewellery Manufacturing industry in Germany in 2024?

The market size of the Jewellery Manufacturing industry in Germany is €751.0m in 2024.

How many businesses are there in the Jewellery Manufacturing in Germany industry in 2024?

There are 56 businesses in the Jewellery Manufacturing industry in Germany, which has grown at a CAGR of 0.4 % between 2019 and 2024.

Has the Jewellery Manufacturing industry in Germany grown or declined over the past 5 years?

The market size of the Jewellery Manufacturing industry in Germany has been declining at a CAGR of 0.3 % between 2019 and 2024.

What is the forecast growth of the Jewellery Manufacturing industry in Germany over the next 5 years?

Over the next five years, the Jewellery Manufacturing industry in Germany is expected to decline.

What are the biggest companies in the Jewellery Manufacturing market in Germany?

The biggest companies operating in the Jewellery Manufacturing market in Germany are Friedrich Binder GmbH & Co. KG, egf – Eduard G. Fidel GmbH and August Gerstner Ringfabrik GmbH & Co. KG

What does the Jewellery Manufacturing in Germany include?

Gold jewellery and Jewellery made of precious metals (excluding gold jewellery) are part of the Jewellery Manufacturing industry.

Which companies have the highest market share in the Jewellery Manufacturing in Germany?

The company holding the most market share in Germany is Friedrich Binder GmbH & Co. KG.

How competitive is the Jewellery Manufacturing industry in Germany?

The level of competition is high and increasing in the Jewellery Manufacturing industry in Germany.

Related Industries

Widen your competitive advantage with related industries

Competitors

  • Antique & Second-Hand Goods Retailers in Germany

Complementors

  • Precious Metals Production in Germany
  • Watch & Jewellery Wholesaling in Germany
  • Department Stores in Germany
  • Watch & Jewellery Retailers in Germany

International industries

  • Jewelry Manufacturing in the US
  • Jewellery Manufacturing in Canada
  • Jewellery Manufacturing in Australia
  • Jewellery Manufacturing in the UK
  • Jewelry Manufacturing in China

View all industries in Germany

Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in Germany include:

  • German Federal Statistics Office (Destatis)
  • European Statistics Office (Eurostat)
  • United Nations Comtrade

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.