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 1089.1 tons in 2017, representing annualized growth of 12.5% for that period. In the five years through 2018, total revenue for the Jewelry Store industry in China has been growing at an annualized rate of 6.1% to $111.1 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 Statistics & Market Size
Revenue
$111bn
Annual Growth 13-18
6.1%
Forecast Growth 18-23
Profit
Employment
539,218
Businesses
105,029

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 2018.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. Eve...purchase to read more.

Additional Insights for the Jewelry Stores Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Jewelry Stores Industry are

  • Establishment of brand names
  • Having an extensive distribution/collection network
  • Having an integrated operation
  • IBISWorld analysts also discuss how external factors such as Age Group (20-34) and Household Disposable Income in the Jewelry Stores industry impact industry performance..

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    What's in this report

    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 jewelry
  • Gemstone jewelry
  • Diamond jewelry
  • Platinum jewelry
  • Industry Activities
  • Gold jewelry retailing
  • Platinum jewelry retailing
  • Diamond jewelry retailing
  • Silver jewelry retailing
  • Pearl jewelry retailing
  • Gemstone jewelry retailing
  • Other jewelry retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Age Group (20-34)
  • Household Disposable Income
  • World price of gold
  • Key Social Issues
  • Seasonal Demand

  • Current Performance
    Industry competition
  • Chart: Revenue Growth

  • Industry Outlook
    Distribution channels expandJewelry sales go online
  • Table: Jewelry Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Jewelry Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Households

  • Key Selling Industries
  • Copper Ore Mining
  • Gold Smelting
  • Jewelry Manufacturing
  • Silver Smelting

  • Products & Services
  • Gold jewelry
  • Gemstone jewelry
  • Diamond jewelry
  • Platinum jewelry
  • Other
  • Chart: Jewelry Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wedding market
  • Investment purchase market
  • Collection market
  • Other markets
  • Chart: Major Market Segmentation for the Jewelry Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages and depreciation
  • Rent and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Jewelry Stores

  • Basis of Competition
  • Brand awareness
  • Distribution networks
  • Product design
  • Financial strength
  • Upstream integration

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Jewelry Stores Industry

  • Industry Globalization
    Chow Tai Fook Group, Lao Feng Xiang Co. Ltd., Shanghai Yuyuan Tourist Mart Co., Ltd., Beijing Caishikou Department Store Co., Ltd., China National Gold Group Corporation,
  • Table: Chow Tai Fook Group - financial performance
  • Table: Lao Feng Xiang Co. Ltd. - financial performance
  • Table: Shanghai Yuyuan Tourist Mart Co., Ltd. - financial performance
  • Table: Beijing Caishikou Department Store Co., Ltd. - financial performance
  • Table: China National Gold Group Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Jewelry Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Jewelry Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total Assets (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Inlaid Jewelry
  • Jewelry with diamonds and gemstones set into its surface, usually at the same level, to form a design.
  • Jadeite
  • Gem-quality silicate mineral in the pyroxene family. It may contain impurities that give it a variety of colors: white, green, red, brown, and blue.
  • Karat Gold
  • Gold mixed with other alloys or metals. Ranges between 24 karats (pure) and more than 10 karats.
  • What Our Customers Say

    Why buy this report?

    The Jewelry Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Jewelry Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Jewelry Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Jewelry Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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