This report is very helpful for sellers who are new to the industry and want to roughly understand the jewelry and watch industry.
The watches and jewelry industry has witnessed remarkable growth in recent years, both globally and in specific regions. With increasing consumer demand and evolving trends, the market has become a significant contributor to the global accessories sector. In this post, we delve into key statistics and trends, exploring the revenue, market value, manufacturing, wholesale, retail, leading brands, and consumer expenditure within the watches and jewelry industry. From worldwide data to specific insights about the United Kingdom, we aim to provide a comprehensive overview of this thriving market.
Chapter 01 Overview
Introduction: In this chapter, we explore the global revenue and market value of the watches & jewelry industry. We delve into the forecasted revenue growth in the watches & jewelry segment of the accessories market worldwide from 2017 to 2026. Additionally, we examine the market value of luxury watches and jewelry in 2022, as well as the leading importing countries and jewelry exporters worldwide in 2021.
Receita dos relógios & jewelry industry Worldwide 2017-2026 (in billion U.S. dollars)
Descrição: The global revenue in the watches & jewelry segment of the accessories market was forecast to continuously increase between 2023 and 2026 by in total 44.8 billion U.S. dollars (+11.97 percent). The revenue is estimated to amount to 418.9 billion U.S. dollars in 2026.
Market value of luxury watches and jewelry worldwide in 2022 (in billion euros)
Descrição: In 2022, the luxury watches market was valued at around 52 billion euros. This was significantly more than the value of the luxury jewelry market that year, which amounted to 28 billion euros worldwide.
Leading importing countries of gold, silverware, and jewelry worldwide in 2021 (in million U.S. dollars)
Descrição: In 2021, the United States was the leading importer of gold, silverware, and jewelry from the rest of the world, with an import value of about 25.8 billion U.S. dollars. China, Hong Kong SAR, ranking second, imported approximately 18.4 billion U.S. dollars worth of these goods that year.
Leading jewelry exporters worldwide in 2021, by country (in billion U.S. dollars)
Descrição: This statistic shows the value of jewelry exports from the leading countries worldwide in 2021. In 2021, Switzerland exported approximately 11.4 billion U.S. dollars of jewelry around the world, which was slightly less than top-placed United States.
Pensamento final: The watches & jewelry industry continues to thrive globally, with significant revenue growth projected in the coming years. As luxury watches and jewelry maintain their prominence, countries like the United States and Switzerland play vital roles as key importers and exporters. Understanding the market dynamics and trends in this industry is crucial for businesses and consumers alike.
Chapter 02 Manufacture and wholesale
Introduction: In this chapter, we delve into the manufacturing and wholesale aspects of the watches & jewelry industry in the United Kingdom (UK). We analyze the annual turnover and gross value added (GVA) of jewelry manufacturers, as well as the number of enterprises in this sector from 2008 to 2020. Furthermore, we explore the sales and GVA of watch and jewelry wholesalers during the same period, along with the number of wholesale enterprises. By examining these key metrics, we gain insights into the manufacturing and wholesale landscape of the UK’s watches & jewelry industry.
Annual turnover of manufacture of jewelry and related articles in the United Kingdom (UK) from 2008 to 2020 (in million GBP)
Descrição: This statistic shows the total turnover of businesses manufacturing jewelry and related articles in the United Kingdom (UK) from 2008 to 2020. Over the time period under consideration, the turnover of this sector fluctuated. In 2020, jewelry manufacturers in the UK registered a total turnover of 714 million British pounds.
Gross value added (GVA) of manufacture of jewelry and related articles in the United Kingdom (UK) from 2008 to 2020 (in million GBP)
Descrição: This statistic shows the gross value added (GVA) of jewelry (and related article) manufacturers in the United Kingdom (UK) from 2008 to 2020. In 2020, jewelry manufacturing contributed 149 million British pounds to the GVA of the UK Non-Financial
Business Economy, a decrease of 194 million pounds on the year previous, marking the lowest point in the time period under consideration.
Number of enterprises for the manufacture of jewelry and related articles in the United Kingdom (UK) from 2008 to 2020
Descrição: This statistic shows the number of enterprises for the manufacture of jewelry and related articles in the United Kingdom (UK) from 2008 to 2020. The number of enterprises in this industry stayed relatively stable during the ten year period, with the
highest amount being in 2008 at 1,372 enterprises. In 2020, the number of enterprises of this sector amounted to 1,349.
Sales from the manufacture of jewelry and related articles in the United Kingdom (UK) from 2008 to 2021 (in million GBP)
Jewelry manufacturers’ sales in the United Kingdom (UK) 2008-2021
Descrição: This statistic shows the total sales value of jewelry and related articles manufactured in the United Kingdom (UK) from 2008 to 2021. In 2021, manufacturers’ sales of jewelry had an estimated value of 721 million British pounds (GBP).
Annual turnover of watches and jewelry wholesalers in the United
Kingdom (UK) from 2008 to 2020 (in million GBP)
Descrição: This statistic shows the total turnover of watch and jewelry wholesale businesses in the United Kingdom (UK) from 2008 to 2020. Over the time period under consideration, turnover of this sector fluctuated. In 2020, watch and jewelry wholesalers in the UK generated a turnover of just over two billion British pounds, down from about 2.28 billion recorded in the previous year.
Gross value added (GVA) of watch and jewelry wholesale trade in the United Kingdom (UK) from 2008 to 2020 (in million GBP)
Descrição: This statistic shows the gross value added (GVA) of the watch and jewelry wholesale trade in the United Kingdom (UK) from 2008 to 2020. Over the time period under consideration, the GVA of this sector fluctuated substantially. In 2020, watch and jewelry
wholesalers contributed 371 million British pounds to the GVA of the UK Non-Financial Business Economy.
Number of enterprises for the wholesale of watches and jewelry in the United Kingdom (UK) from 2008 to 2020
Descrição: This statistic shows the estimated number of watch and jewelry wholesale businesses in the United Kingdom (UK) from 2008 to 2020. After steadily decreasing between 2008 and 2012, the number of watch and jewelry wholesalers relatively stabilized. In 2020, there were 1,217 watch and jewelry wholesale enterprises in the UK.
Number of enterprises for the wholesale of watches and jewellery in the United Kingdom (UK) in 2022, by turnover size band
Descrição: This statistic shows the number of VAT and/or PAYE based enterprises in the watch and jewellery wholesale sector in the United Kingdom for 2022, by turnover size band. There were 50 enterprises with a turnover of more than five million British pounds.
Pensamento final: The UK’s watches & jewelry industry demonstrates fluctuations in turnover, GVA, and the number of enterprises over the years. Despite these variations, the sector remains resilient, reflecting its importance within the UK’s non-financial business economy. By understanding the manufacturing and wholesale aspects, stakeholders can make informed decisions and adapt to the changing market dynamics.
Chapter 03 Retail
Introduction: In this chapter, we focus on the retail sector of the watches & jewelry industry in the United Kingdom (UK). We analyze the retail sales value and sales volume of watches and jewelry in specialized stores from 2011 to 2022, along with the percentage increases in sales value and volume. Additionally, we explore the turnover, GVA, and the number of specialized retail stores for watches and jewelry in the UK from 2008 to 2020. Through these insights, we gain a comprehensive understanding of the retail landscape and consumer demand for watches and jewelry in the UK.
Retail sales value of watches and jewelry annually in Great Britain from 2011 to 2022, as index number of sales per week
Descrição: This statistic presents the annual retail sales value of watches and jewelry in specialized stores in Great Britain from 2011 to 2022, as an index number of sales per week. In 2022, the value of watch and jewelry sales stood at an index point of 108.2, up from 99.5 recorded a year earlier.
Sales volume of watches and jewelry annually in Great Britain from 2011 to 2022, as index number of sales per week
Descrição: This statistic shows the annual sales volume of watches and jewelry in specialized stores in Great Britain from 2011 to 2022, as indices with the value for 2019 representing the baseline value. In 2022, unit sales of watches and jewelry have increased, with the indexed value reaching to 100.5.
Percentage increase in retail sales value of watches and jewelry in Great Britain from 2011 to 2021
Descrição: This statistic shows the percentage change in the retail sales value of watches and jewelry in specialized stores in Great Britain, from 2011 to 2021. In 2021, the value of watch and jewelry sales grew by 31.5 percent on a year earlier.
Percentage increase in retail sales volume of watches and jewelry in Great Britain from 2011 to 2021
Descrição: This statistic shows the percentage change in the sales volume of watches and jewelry in specialized stores in Great Britain, from 2011 to 2021. In 2021, the volume of sales increased by 29.6 percent on the previous year.
Turnover of watch and jewelry retail stores in the United Kingdom (UK) from 2008 to 2020 (in million GBP)
Descrição: This statistic shows the total annual turnover of stores specializing in the retail sale of watches and jewelry in the United Kingdom (UK) from 2008 to 2020. Over the time period under consideration, turnover of this sector fluctuated noticeably. In 2020,
watch and jewelry retailers in the UK produced a turnover of about 5.53 billion British pounds.
Gross value added (GVA) of watch and jewelry retail stores in the United Kingdom (UK) from 2008 to 2020 (in million GBP)
Descrição: This statistic shows the gross value added (GVA) of the retail sale of watches and jewelry in specialized stores in the United Kingdom (UK) from 2008 to 2020. Over the time period under consideration, the GVA of this sector had fluctuations. In 2020, specialist stores selling watches and jewelry contributed around 921 million British pounds to the GVA of the UK Non-Financial Business Economy. In the 13-year period, this was the first time when the GVA dropped below one billion level.
Number of specialized stores for the retail sale of watches and jewelry in the United Kingdom (UK) from 2008 to 2020
Descrição: This statistic represents the number of retail enterprises selling watches and jewelry in specialized stores in the United Kingdom (UK) from 2008 to 2019. Between 2008 and 2012 there was a steady decline in the number of specialized jewelry stores in the UK, with 3,937 enterprises operating in 2012. Since then store numbers have fluctuated and amounted to 4,218 stores in 2020.
Pensamento final: The retail sector plays a vital role in the watches & jewelry industry, with steady growth in sales value and volume. The UK’s specialized retail stores contribute significantly to the country’s non-financial business economy. Understanding consumer preferences and market trends is essential for retailers to effectively cater to the demands of watch and jewelry enthusiasts.
Chapter 04 Leading brands
Introduction: In this chapter, we explore the leading brands within the watches & jewelry industry, focusing on Signet Jewelers in the United Kingdom (UK). We examine the sales and number of stores operated by Signet Jewelers in the UK from fiscal years 2014 to 2020, with a specific emphasis on their brands, H.Samuel and Ernest Jones. By analyzing these key metrics, we gain insights into the market presence and performance of these prominent brands.
Sales of Signet Jeweler in the United Kingdom and Republic of Ireland in fiscal year 2019, by brand (in million GBP) 
Descrição: This statistic shows the total sales by brand for Signet Jewelers in the United Kingdom (UK) in fiscal year ended February 2, 2019. Over the course of the year, a total of 576.5 million British pounds were made from both H.Samuel and Ernest Jones store brands in the UK.
Number of stores operated by Signet Jewelers in the United Kingdom (UK) from fiscal year 2014 to fiscal year 2020, by brand*
Descrição: This statistic shows the number of stores operated by Signet Jewelers in the United Kingdom (UK) and Republic of Ireland, shown by brand (H Samuel and Ernest Jones) open at the end of the fiscal years from 2014 to 2020. Over this period there was an
overall increase in the number of stores, from 493 stores in 2014 to 508 stores open in 2017. However, the number of stores fell to 451 in 2020.
Sales of H.Samuel in the United Kingdom (UK) from fiscal year 2014 to fiscal year 2019* (in million GBP)
Descrição: This statistic shows the total sales for H.Samuel in the United Kingdom between the fiscal years 2014 to 2019. Since 2016 the company’s sales have decreased slightly, but with the 2018 fiscal year went up to 278 million British pounds.
Sales of Ernest Jones in the United Kingdom (UK) from fiscal year 2014 to fiscal year 2019* (in million GBP)
Descrição: This statistic shows the total sales of Ernest Jones from fiscal year 2014 to 2018. Between 2017 and 2019, the company saw a decline in sales, with the 2019 fiscal year ending at 186 million British pounds.
Number of stores for Ernest Jones in the United Kingdom (UK) from the fiscal year 2014 to the fiscal year 2019*
Descrição: This statistic shows the total number of stores of Ernest Jones in the United Kingdom (UK) at the end of the fiscal years from 2014 to 2019. Despite an overall increase in the number of stores over the five year period, the store numbers between 2017 and 2019 declined. At the end of the 2018 fiscal year, the total number of stores was 203, one less than in 2017. In 2019, the total number of stores fell to 189.
Final Thought: Signet Jewelers, with its brands H.Samuel and Ernest Jones, has established a significant market presence in the UK’s watches & jewelry industry. The performance of these brands, as reflected in sales and store numbers, provides valuable insights into consumer preferences and brand loyalty. Studying leading brands helps stakeholders identify successful strategies and adapt to evolving market dynamics.
Chapter 05 Consumer expenditure
Introduction: In this chapter, we examine consumer expenditure on watches, jewelry, clocks, and related items in the United Kingdom (UK). We analyze the total consumer spending and annual expenditure on these products from 2005 to 2022, based on both value and volume. Additionally, we explore the number of people purchasing different categories of jewelry and watches, categorized by expenditure. Through these insights, we gain a comprehensive understanding of consumer behavior and spending patterns in the UK’s watches & jewelry industry.
Consumer spending on jewelry, clocks and watches in the United Kingdom (UK) from 2005 to 2022 (in million GBP)
Descrição: This statistic shows total consumer spending on jewelry, clocks and watches in the United Kingdom (UK) from 2005 to 2022. In 2022, consumer spending was approximately 11.3 billion British pounds, an increase from the previous year.
Annual expenditure on jewelry, clocks, and watches in the United Kingdom (UK) from 2005 to 2022, based on volume (in million GBP)
Descrição: This statistic shows the total annual expenditure on jewelry, clocks, and watches in the United Kingdom (UK) from 2005 to 2022, based on volume. In 2022, UK households purchased approximately 10.5 billion British pounds worth of jewelry, clocks, and watches.
Number of people purchasing jewelry (excluding gold, platinum, and silver) in Great Britain from 2015 to 2020, by expenditure (in 1,000s)
Descrição: This statistic shows the number of people purchasing jewelry (excluding gold, platinum and silver) in Great Britain from 2015 to 2020, by expenditure. In 2020, an estimated 36.600 people spent 500 British pounds or more on jewelry in the previous 12 months.
Number of people purchasing gold or platinum jewelry with diamonds in Great Britain from 2015 to 2020, by expenditure (in 1,000s)
Descrição: This statistic displays the number of people purchasing gold or platinum jewelry with diamonds in Great Britain from 2015 to 2020, by expenditure. In 2020, an estimated 305 thousand people spent 500 British pounds or more on gold or platinum jewelry with diamonds in the 12 months prior to the survey.
Number of people purchasing gold or platinum jewelry (without
diamonds) in Great Britain from 2015 to 2020, by expenditure (in 1,000s)
Descrição: This statistic displays the number of people purchasing gold or platinum jewelry (without diamonds) in Great Britain from 2015 to 2020, by expenditure. In 2020, an estimated 122 thousand people spent 500 British pounds or more on gold or platinum jewelry in the 12 months prior to the survey.
Number of people purchasing silver jewelry in Great Britain from 2015 to 2020, by expenditure (in 1,000s)
Descrição: This statistic depicts the number of people purchasing silver jewelry in Great Britain from 2015 to 2020, by expenditure. In 2020, an estimated 38.500 people spent 500 British pounds or more on silver jewelry within 12 months prior to the survey.
Number of people purchasing watches in Great Britain from 2013 to 2020, by expenditure (in 1,000s)
Descrição: This statistic shows the number of people purchasing watches in Great Britain from 2013 to 2020, by expenditure. In 2020, an estimated 622 thousand people spent 200 British pounds or more on watches in the previous 12 months.
Pensamento final:
Consumer spending on watches, jewelry, and related items in the UK showcases consistent growth, highlighting the enduring appeal of these products. By understanding consumer preferences and purchasing patterns, businesses can tailor their offerings to meet the evolving demands of the market. Analyzing consumer expenditure provides valuable insights for both retailers and manufacturers in the watches & jewelry industry.
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The watches and jewelry industry continues to shine brightly, capturing the attention of consumers and investors alike. With the global revenue projected to reach staggering heights and the luxury market witnessing significant growth, it is evident that watches and jewelry remain highly sought-after accessories. From manufacturing and wholesale to retail sales, the sector presents numerous opportunities for businesses. As consumer expenditure and the number of people purchasing these items continue to rise, it’s clear that watches and jewelry hold a special place in the hearts and wardrobes of individuals worldwide. With evolving trends and new innovations on the horizon, the future of the watches and jewelry industry appears to be as timeless and valuable as the pieces themselves.
