Interesting Jewellery Industry Statistics And Trends For 2020

Interesting Jewellery Industry Statistics And Trends For 2020

June 25, 2020 Off By admin

Like the fashion industry, the jewellery industry is always changing and always trying to keep up with the latest trends. While vintage diamond rings and antique engagement rings will always be in style, some of today’s modern jewellery looks seemingly change overnight.

Keeping that in mind, let’s take a look at some interesting jewellery industry statistics and trends for 2020. Let’s get started:

Jewellery Industry Statistics

In the UK, the jewellery industry for retail was estimated to have grown 10.7% from the previous year with a 6% sales increase. The following segments of the global jewellery industry saw higher rates of growth. Notice that, while specialty jewellers have lost a small amount of market share to retailers, wholesalers, and manufacturers, they continue to generate more than 43% of the industry’s total sales.

Jewellery Industry Market

  • Specialty jewellers, especially those who sell vintage or antique diamond engagement rings, generated more than 43% of the industry’s total sales.
  • The jewellery market is primarily based on how the economy grows or falls. During the Great Recession, the industry saw a 11% drop.
  • The top four markets for luxury jewellery are Europe, China, the UK, and the United States.
  • The total number of jewellery businesses have been on a slow single percent decline each year. Another reason to shop your local jeweller for the best vintage diamond rings and antique engagement rings.
  • Specialty jewellers are losing market share to retailers, wholesalers, and manufacturers.

Top Retailers Of Global Jewellery Sales

     The following list of retailers were in the top spots for seeing the most retail sales for fine jewellery and watches.

  • Sterling Jewelers Inc. – £2.536 billion
  • Zale Corp. – £2.138 billion
  • Tiffany & Co. – £1.547 billion
  • QVC – £1.390 billion

Revenue By Jewellery Industry Segment

  • Fine jewellery saw a 6% increase and total sales of £9 billion.
  • Fine watch sales saw a 5.8% increase and total sales of £9.4 billion.
  • Wholesale jewellery suppliers increased 2.4%.
  • Diamonds saw a revenue of £27 billion with 40% of the global demand being consumed by the United States.
  • Vintage jewellery, including vintage diamond rings and antique engagement rings has seen increased growth as this market segment grows in consumer popularity.

Contact Friar House

To learn more interesting jewellery industry statistics and trends for 2020, contact Friar House and shop a wide selection of beautifully designed vintage diamond rings and antique engagement rings today.

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