UK Jewellery and Watches Retailing market report
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Providing the most comprehensive and up-to-date information and analysis of the Jewellery & Watches retailing market, and the behaviours, preferences and habits of the consumer.
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What are the key challenges facing the industry? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
Covered in this report
This report examines the UK jewellery and watches retailing market for men and women aged 16 and over.
The report covers:
- Precious metal jewellery: jewellery made with precious metals such as gold, silver, platinum, palladium and titanium.
- Costume jewellery: jewellery made from non-precious metals.
- Watches: including mechanical watches, quartz movement watches and a third type that combines a quartz movement with micro-mechanics for additional features.
Key points included
- Watch brands struggle to differentiate in overcrowded middle market
- Growing grey market threatens brand equity
- Men’s fashion jewellery takes off
What you need to know
Demand for jewellery and watches in the UK has remained robust, with sales up 2.4% in 2017. The market is expected to show even stronger growth in 2018. Meanwhile, the costume jewellery market continues to see weak growth, as there is an increased desire from a younger consumer for pieces in the demi-fine category, too premium to be classed as fashion jewellery but more accessible than fine jewellery. Indeed, more luxury brands and retailers have innovated to enter this space within the market.
Like with jewellery, the watch market is heavily reliant on the luxury market, with the high-end brands and retailers continuing to perform well. The lower end is suffering from innovations in the smartwatch market as well as an increased interest in people purchasing watches as investment pieces, as watches are increasingly being treated as a statement piece, rather than a necessity.
Expert analysis from a specialist in the field
Written by Chana Baram, a leading analyst in the Retail sector, her extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
The UK jewellery and watches market has continued to see strong value growth, but this is largely due to continued demand for luxury and high ticket items. The mid-market brands and retailers are suffering from many of the same issues as other fashion and high street retailers, such as growing consumer uncertainty and declining footfall. Furthermore, the mid-market is becoming increasingly saturated with niche brands. Specialist retailers and brands must therefore work harder than ever to stand out from the crowd."
What you get
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
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