Revenue for the Jewelry Manufacturing industry is expected to rise at an annualized 5.2% over the five years through 2023, to $126.9 billion. This includes anticipated revenue growth of 9.6% in the current year. China is the second largest manufacturer and consumer of jewelry in the world, supplying a vast domestic market and markets in many foreign countries. Export revenue is anticipated to total $21.5 billion in 2023, accounting for an estimated 17.0% of industry revenue. Competing imports are estimated to be worth $18.6 billion in 2023, and account for 15.0% of domestic demand. Profit is set to account for 3.2% of industry revenue in the current year.
Industry firms manufacture a range of jewelry products, including necklaces, rings, earrings, bracelets, brooches, diamond jewelry, cultured pearl jewelry, precious or semi-precious stone jewelry, and jewelry parts and components. The industry's products are made from precious metals (gold, silver and platinum), precious metal alloys, diamonds, emeralds, pearls, jade and other precious and semi-precious stones.
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:
- Chow Tai Fook Group
- ZheJiang Sun & Moon Jewellery Group
- Goldleaf Jewelry Co. Ltd.
- Chow Sang Sang Holdings International Limited
- Lao Feng Xiang Co. Ltd.
Methodology
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