Players operating in this industry manufacture a wide range of jewellery and other goldsmiths' articles using precious metals, base metals clad with precious metals and precious or semi-precious stones. International trade has a significant influence on the industry, but both imports and exports are highly inflated by re-exports.
The industry is expected to decline at a compound annual rate of 1.2% over the five years through 2015-16, primarily due to weak domestic demand and rising import penetration. Falling real incomes and relatively high material prices adversely influenced domestic demand.
Firms in this industry manufacture jewellery and related articles from precious or base metals clad with precious or semi-precious stones. The manufacture of goldsmiths’ articles, watch straps and cigarette cases from precious metals is also included. Repair services and the manufacture of imitation jewellery are not covered.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.