All that glitters: The price of silver and gold is forecast to decrease slightly, causing industry profit to remain stagnant
Canadian jewellery manufacturers produce a wide range of jewellery products of varying quality. The industry also includes the minting of coins, with coins produced as currency and gold and silver bullion coins produced by the Royal Canadian Mint, which forms an important part of this industry. Throughout 2023, while the industry has benefited from rising per capita disposable income and consumer spending, the industry has also experienced volatility in demand for gold and silver bullion products, which are used by consumers worldwide for investment purposes. Overall, industry revenue has been growing at a CAGR of 18.2% over the past five years and is expected to total $6.9 billion in 2023, when revenue will likely jump an estimated 2.4%.
The Jewellery Manufacturing industry in Canada manufactures jewellery or silverware using precious or semiprecious metals and stones. Costume jewellery manufacturers, specialty coin producers and lapidaries, which are artisans who form stones, minerals and other durable materials into decorative items, are also included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Royal Canadian Mint
Methodology
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