The recent upturn in the market in 2009 and 2010 after 2 years of negative growth is attributable to a slight recovery in the economy and consumers investing back into the luxury market. Certain sectors of the market have seen different growth rates over the last 12 months, in particular the watches sector, which alone increased by 8.5% in 2009. Trends imply that, although consumers have started investing in the jewellery market, there is much division between the sectors, with the actual sales of real jewellery having experienced a small increase in terms of value, while cheaper fashion alternatives have seen a high rise in sales. Overall, the trends indicate that, despite the fact consumers have started spending in the industry, they are still conscious of prices, often opting for cheaper alternatives to real jewellery.

Increased competition in the market over the last few years has left the future uncertain for some smaller, independent companies, as the large retailers dominate with lower-cost branded goods. The Internet and online stores have also created further competition. Price comparison sites also indicate the cheapest version of products, which are more often than not offered by the larger retailers as opposed to the independents.

The significant increase in the price of gold over recent years has also affected sales in the UK market, with the higher cost creating problems for both consumers and retailers. However, a positive trend in the jewellery market has been attributed to the contribution the wedding market is making to sales in the jewellery industry. It has been reported that, despite the economic climate, most couples are unwilling to compromise on the quality of wedding bands and engagements rings. The wedding market has also widened over recent years, with bridal jewellery and gifts becoming common items for a wedding. Despite this, figures still imply that fewer people are getting married, which will put some decline on the industry overall in the long run.

The market for jewellery and watches in the UK is expected to see continual growth as the economy continues to recover, with consumers becoming more spontaneous with their spending, as seen before the recession. Key Note forecasts that sales of jewellery and watches will continue to grow in the next 5 years, with sales peaking at £5.32bn in 2015.

Table of Contents :

Executive Summary
1. Market Definition
Report Coverage
Market Sectors
Jewellery
Real Jewellery
Fashion/costume Jewellery
Watches
Mechanical Watches
Quartz Analogue Watches
Quartz Digital Watches
Market Trends
Fine Jewellery Hallmarking
Table.1: Number And Weight Of Articles Processed At Uk Assay Offices (000 Units, Single Units, Kilograms And Grams),, And
Trends In Marriages
Table.2: Number Of Marriages And Civil Partnerships In The Uk (000),-
The Economic Situation
Rising Cost Of Gold
Economic Trends
Population
Table.3: Uk Resident Population Estimates By Sex (000), Mid-years-
Gross Domestic Product
Table.4: Uk Gross Domestic Product At Current And Annual Chain-linked Prices (£m),-
Inflation
Table.5: Uk Rate Of Inflation (%),-
Unemployment
Table.6: Actual Number Of Unemployed Persons In The Uk (million),-
Household Disposable Income
Table.7: Uk Household Disposable Income Per Capita (£),-
Market Position
The Uk
Table.8: Total Consumer Expenditure And Expenditure On Jewellery And Watches (index=100),-
Figure.1: Total Consumer Expenditure And Expenditure On Jewellery And Watches (index=100),-
Overseas
2. Market Size
The Total Market
Table.1: The Total Uk Jewellery And Watches Market By Value At Current Prices (£m As Rsp),-
Figure.1: The Total Uk Jewellery And Watches Market By Value At Current Prices (£m As Rsp),-
By Market Sector
Jewellery
Table.2: The Uk Jewellery Sector By Value At Current Prices (£m At Rsp And %),-
Figure.2: The Uk Jewellery Sector By Value At Current Prices (£m At Rsp And %),-
Real Jewellery
Table.3: The Uk Real Jewellery Subsector By Value At Current Prices (£m At Rsp And %),-
Fashion Jewellery
Table.4: The Uk Fashion Jewellery Subsector By Value At Current Prices (£m At Rsp And %),-
Watches
Table.5: The Uk Watches Sector By Value At Current Prices (£m At Rsp And %),-
Figure.3: The Uk Watches Sector By Value At Current Prices (£m At Rsp And %),-
Overseas Trade
Table.6: Overseas Trade In Jewellery And Watches By Value (£m),
3. Industry Background
Recent History
Number Of Companies
Table.1: Number Of Uk Vat- And/or Paye-based Enterprises Engaged In The Manufacture Of Jewellery And Related Articles, Imitation Jewellery And Related Articles And Watches And Clocks By Turnover Sizeband (£000),
Employment
Table.2: Number Of Uk Vat- And/or Paye-based Enterprises Engaged In The Manufacture Of Jewellery And Related Articles, Imitation Jewellery And Related Articles And Watches And Clocks By Employment Sizeband,
Distribution
How Robust Is The Market?
Legislation
The Vertical Restraints Block Exemption
Key Trade Associations
British Jewellers' Association
Jewellery Distributors' Association
The National Association Of Goldsmiths
4. Competitor Analysis
The Marketplace
Market Leaders
Suppliers
Abbeycrest Plc
Company Structure
Current And Future Developments

For more information kindly visit :
http://www.bharatbook.com/detail.asp?id=11037&rt=Jewellery-Watches-2011-Market-Report.html

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