2015 UK Jewellery Key Note Market

2015 UK Jewellery Key Note Market
  • The Keynote market Update for the UK jewellery and watches has just been released.
  • It looked at sales in the last 5 years, leading trends in the retail sector, global supply chain and international trade of goods and the future of the market up to 2109.
  • The keynote reports good news that from 2009-2013 the industry is growing year on year.
  • The industry is now worth more than £5 billion.
  • This equates to a total market share growth of approximately 10%.
  • In 2014 , the industry recorded a growth of 3%.

pearl jewellery

UK Jewellery Industry Sales

  • Sales of watches are booming! With sales increasing by 13% from 2009-2013.
  • There has been a decline in precious metal sales due to the increasing high costs of gemstones and metals.
  • The total value of the jewellery sector in the UK now stands at £3.5 billion.
  • With the highest increase in 2013 as consumers begin to spend again after the economic downturn.

Growth of Costume and Fashion Jewellery

  • The industry has seen a growth in costume jewellery and fashion accessories. Not  surprisingly these items are cheaper than precious metal items.  In terms of value, this sector is valued at £501 million.
  •  The “real” jewellery sector which is valued at just over £3 billion.
  • “Real” sector rose by 6% from 2009-2013.
  • Important events are still marked by purchasing “real” jewellery.
  • Women are now buying themselves expensive jewellery.

Male Jewellery

  • Male fashion jewellery is on the rise.
  •  Fashion designers and accessory designers developing costume ranges for men alone.
  • Plus fashion houses now have exclusive male jewellery alongside their male fashion collections.

UK Manufacture of Jewellery and Watches

  • According to the Office for National Statistics and the Key Note report there were 1450 businesses engaged in the manufacture of jewellery and watches in 2013.
  • The majority of these being small or medium sized companies with turnovers less than £250,000.
  • With just 1.6% generating a turnover of more than five million.
  • The numbers recorded for UK companies manufacturing “costume or fashion jewellery” is very low- just 105 business in 2013.
  • With over 70% of these with a low turnover of less than £250,000 and none recorded with a turnover of plus £5 million.

UK Jewellery and Watch Market Forecast

  • The UK jewellery and watches market is set for strong growth over the next five years.

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