1. Market Research
  2. > Consumer Goods
  3. > Luxury Goods Market Trends
Global and China Jewelry Industry Report, 2019-2025

Global and China Jewelry Industry Report, 2019-2025

  • May 2019
  • 185 pages
  • ID: 3180746
  • Format: PDF
  • By Research In China

Summary

Table of Contents

The industrial development of jewelry as a luxury is subject to the per capita income growth. In 2017, global jewelry sales reported $325 billion, of which online sales of high jewelry surged by 16% versus 2016, above that of costume jewelry (12%). Diamond jewelry contributed to the largest retail share of global jewelry industry, a 47% share of the total, followed by gold jewelry (42%).

Global diamond jewelry sales hit $85.9 billion in 2018, up 4% from a year ago (lower than the growth rate of 5% in 2017 due to a slowdown in major consumer markets in the second half of 2018). In particular, diamond jewelry sales in North America took an over 50% share of the total sales, up 4% versus 2017.

China jewelry market size soared from RMB470 billion in 2013 to RMB721 billion in 2018, with the CAGR of 15%, ranking third in the world and next to USA and Japan, making China be the one with the most vigorously growing jewelry and jade industry worldwide. It is estimated that China jewelry market will be worth at least RMB900 billion in 2025.

Chinese gold jewelry market began to recover in the second half of 2017 and witnessed good retail sales in 2018. The retail sales of gold & silver jewelry showed a CAGR of 10.3% between 2010 and 2018. The retail sales of gold jewelry in China climbed 7.5% in 2018, an increase of 1.8 percentage points from 2017.

Due to obvious consumer attribute of gold, gold consumption is expected to grow steadily. In 2018, the real consumption of gold in China totaled 1,151.43 tons, up 5.73% year on year. Of which, gold jewelry and gold bar consumption reached 736.29 tons and 285.20 tons, up 5.71% and 3.19% year on year, respectively. With the ever more obvious consumer attribute of gold jewelry, gold jewelry consumption is weakly related to gold price fluctuations. Anyhow, gold jewelry consumption will keep steady growth amid consumption upgrade and stronger spending power of residents in low-tier cities.

Diamond market enjoys large development space and the consumer demand rises. In 2018, total import of finished diamond was $2.71 billion, up 7.6% from the previous year. Besides, total diamond transaction in 2018 posted $5.78 billion, up 8.2% on an annualized basis. Demand for diamond jewelry in China remains strong, especially the robust demand for wedding diamond. The diamond market will grow at a rate of 5% to 10% in the following five years. Compared to diamond jewelry with a 48% share in international market, diamond takes a less than 20% market share in China, indicating huge room for development.

Targeting high-end markets, world-renowned brands represented by Cartier, Tiffany and Bvlgari open shops chiefly in first- and second-tier cities. In the fierce medium- and high-end market, the influential brands are Chow Tai Fook (Hong Kong), Chow Sang Sang (Hong Kong), and Lao Feng Xiang (Mainland), CHOW TAI SENG (Mainland), CHJ Jewellery (Mainland) and MINGR Jewelry (Mainland).

The industry leaders with strong channel competence will be more advantageous. Chow Tai Fook, Lao Feng Xiang and CHOW TAI SENG, as the three giants, each added more than 300 new stores in 2018, while small- and medium-sized peers are on the slide.

The report highlights the following:
Global jewelry consumption, raw material market, well-known brands;
China jewelry industry development, sales model, regional market pattern, development trend;
China jewelry production and processing, supply and demand, import and export, competition pattern;
China gold, platinum and diamond jewelry supply and demand situation;
5 Hong Kong and 12 Mainland jewelry vendors (operation, revenue structure, gross margin and marketing network, etc.)

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
15% Off

($2600)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Jewelry Market Trends in China

Jewelry Market Trends in China

  • $ 3000
  • November 2019

This study focuses on China’s Jewelry market trends.In the two past decades, the market has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consume ...

Global Gems & Jewelry Industry

Global Gems & Jewelry Industry

  • $ 5450
  • October 2019

Gems & Jewelry market worldwide is projected to grow by US$135.3 Billion, driven by a compounded growth of 4.8%. Diamond in Gold, one of the segments analyzed and sized in this study, displays the potential ...

Jewellery in Western Europe

Jewellery in Western Europe

  • $ 1325
  • November 2019

Two main forces drive sales of jewellery in Western Europe: first, sales of higher priced fine jewellery, which is linked to international tourism, and which saw continued steady growth in 2019; second, ...


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on