Jewellery and watch wholesalers are holding on by their teeth. Although Australia avoided a technical recession in 2009-10, a slow recovery and continuing uncertainty over the global economy have constrained domestic demand for luxury goods and extended the pain for jewellery wholesalers.
While investors turned to gold and jewellery as a safe investment during the economic downturn, discretionary spending at the retail level has been constrained. Growth is anticipated to remain slow over 2011-12. Australians are either postponing purchases or opting for value-priced jewellery and watches. During the year, industry revenue is forecast to fall by 1.7% to $2.19 billion.
This industry includes operators that wholesale jewellery, watches or clocks (including parts), precious stones or precious metals.
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.