Jewelry Stores in China - Industry Market Research Report

Jewelry Stores in China - Industry Market Research Report

Jewelry Stores in China

As household incomes have been rising and living standards have improved, jewelry purchases have increased rapidly over the past five years. Consumption volumes for gold jewelry, China's most popular jewelry category, increased from 985.9 tons in 2015 to 1001.7 tons in 2022, growing by an annualized 0.2% over the period. Over the five years through 2023, total revenue for the Jewelry Stores industry in China is expected to grow at an annualized 6.5% to reach $159.2 billion, including an anticipated 14.7% increase in the current year. China has become the largest consumer of gemstone, jade, platinum and gold jewelry in the world, and the second-largest consumer of diamond jewelry after the United States. Profit margins have rising to 11.1% of industry revenue in 2023.

Jewelry Stores in China mainly retail jewelry and ornaments made of gold, silver, platinum and other precious metals and alloys. Industry stores also sell jewelry and ornaments made with diamonds, jade, pearls and other 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 key players and their market shares.