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Greater China Gems and Jewelry Industry Outlook to 2015
Market |
Consumer Goods |
Report Type |
Market Research |
Country |
China |
Published |
12 January 2012 |
Number of Pages |
41 |
1-3 hours, 24 hour max |
|
Publisher |
AM Mindpower Solutions |
File Format |
- |
China witnessed a growth of around ~ in 2010 to record retail gems and jewelry sales worth of around USD ~ billion in 2010. This growth was backed by the economic recovery in 2010 which resulted in increased personal disposable income and rise in consumer spending on luxury goods.
Hong Kong is home to many domestic and foreign jewelry retailers. Some major domestic retailers include Chow Sang Sang, Chow Tai Fook, Luk Fook, Tse Sui Luen, 3D-Gold, Imperial, King Fook, Ma Belle and Madiaetc. Chow Tai Fook recorded annual revenue of USD ~ billion in fiscal year ending December 2011 while Chow Sang Sang showcased revenue of USD ~ billion in FY ending March 2011. Hong Kong jewelry sector is chiefly an export oriented market and is the fourth largest fine jewelry exporting country after Italy, the US and Switzerland.
China's total gems and jewelry sales is expected to cross USD ~ billion mark by 2014 and will record sales worth of USD ~ billion by 2015 at an expected 5 year CAGR of ~%. Gold jewelry which held a 55% market share in 2010 is expected to grow at a 5 year CAGR of 16.4% to clock sales worth USD ~ billion and hold a market share of ~% by 2015.
The number of rich people are on the rise in Greater China and are growing at a fast pace. They have higher propensity to spend on jewelry than the middle class. For the growing rich and elite class in Greater China, jewelry is more of a necessity than luxury, thus resulting in increased consumption. The wealthy class is estimated to expand more in the future, which will fuel the growth of jewelry industry.
Greater China, which consists of Mainland China and Hong Kong is a major jewelry market and is currently the second largest market in Asia closely behind India and is poised to topple India to become the leading gems and jewelry consuming region in Asia in 2011.
Key Topics Covered in the Report:
- The market size of gems and jewelry by retail sales, imports and exports
- Market segmentation and market share on the basis of retail sales of gold jewelry, diamond jewelry and other jewelry segments. Segmentation of gems and jewelry import and export segments inclusive of the major 5 import and export destinations.
- Trends and developments pertaining to this industry.
- Retailers' profiles of the major players operating in the region
- SWOT analysis of gems and jewelry industry
- Future outlook and projections of the retail sales of gems and jewelry and its segments till 2015 along with cause and effect relationship analysis between macro-economic and industry factors and industry's prospects
- Macro-economic and industry factors including population, GDP, tourist arrivals and receipts, metals and mineral production with regard to gems and jewelry industry
Report Scope
The report titled "Greater China Gems and Jewelry Industry Outlook to 2015" provides a comprehensive analysis on the gems and jewelry industry in China and Hong Kong, covering various aspects such as market size of the gems and jewelry sector on the basis of revenue generated from retail sales, market segmentation on the basis of retail sales of gold jewelry, diamond jewelry and other precious stones jewelry segments, major gems and jewelry import and export market size and segments. The report also entails competitive landscape and profiles of the major players operating in the gems and jewelry industry. The SWOT Analysis is also provided to understand the market conditions in each country. The report also covers future projections to provide an insight on the prospects in the gems and jewelry industry.
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