The Watch and Jewellery Wholesaling industry has lost its shine over the past five years. The recession and government austerity measures resulted in sharp rises in unemployment and paralysed consumer confidence. This had a damaging effect on watch and jewellery sales, which are highly discretionary in nature. Companies in the industry also faced an increasing trend towards wholesale bypass over the period. During the five years through 2015-16, revenue is expected to contract at a compound annual rate of 1%. In 2015-16, industry revenue is anticipated to decline by 0.2% to £1.6 billion as wholesale bypass continues.
Companies in the industry wholesale watches, clocks, fine jewellery and imitation jewellery. More specifically, operators wholesale jewellery products such as rings, bracelets, earrings and necklaces. These may be manufactured from a variety of raw materials such as gold, silver, platinum, plastic, glass or wood.
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.