Watches and Jewellery Retailing Market Share in UK 2014

Bespoke jewellery is a growing trend, particularly among young people who want to buy precious metal jewellery that can be personalised. Innovations such as 3D printing offer growth opportunities for the precious metal jewellery market allowing customers to create their own unique designs.

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Table of Content

Introduction

Definitions
Abbreviations

Executive Summary

The market
Figure 1: Best-and worst-case forecast of value sales of watches and jewellery, 2009-19
Market factors
Resurgence in gold as prices drop
Figure 2: Average price of gold and platinum, 2003-13
Silver prices fall and volumes rise
Companies, brands and innovation
The consumer
Figure 3: Ownership of watches, precious metal jewellery and costume jewellery, June 2014
Women more likely than men to own a watch
Young drive watch self-purchases
Men opt for gold for gifting
Where precious metal jewellery is bought
Figure 4: Preferred outlets for buying precious metal jewellery, June 2014
Where watches are bought
Figure 5: Preferred outlets for buying watches, June 2014
Making precious metals more fashionable
Figure 6: Attitudes towards buying precious metal jewellery, June 2014
Young buy branded jewellery
Women as likely as men to wear a watch
Figure 7: Attitudes towards watches, June 2014
A quarter of 16-24s use other devices for time
Special offers remain key motivator
Figure 8: What would encourage purchases from a particular retailer, June 2014
Men want bigger range of brands
What we think

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Issues and Insights

What is driving growth in the precious metal jewellery market?
The facts
The implications
How is the watches market performing?
The facts
The implications
Which retailers are standing out as the winners?
The facts
The implications
How has the luxury end of the market performed?
The facts
The implications

Trend Applications

Trend: Fauxthenticity
Trend: Many Mes
Mintel Futures: Access Anything Anywhere

Market Drivers

Key points
Figure 9: Average price of gold and platinum, 2003-13
Hallmarked volumes rise in 2014
Figure 10: Weight of gold hallmarked by all UK Assay Offices, 2001-13
Silver prices fall and volumes rise
Figure 11: Average price of silver, 2003-13
Demographics that will impact growth
Figure 12: Trends in the age structure of the UK population, percentage change, 2014-19
Swiss watchmakers output
Figure 13: Percentage share of all COSC certificates accounted for by leading Swiss-watch brands, 2012 and 2013

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