Abstract
Description
There has been volatility in raw material prices; the global slowdown led to
low capacity utilization in the industry bringing down the margins in the
jewelry manufacturing. In some countries including India, some of the
processing units have been partially shut down due to slackening demand. As a
result, the value chain in the gems and jewelry industry may witness
consolidation; only some major players are likely to cope with the trends and
sustain the competitive pressure. It is expected that the hike in gold and
silver prices might change the consumer preferences, as also impact their
demand pattern. The growing consumer sophistication, decline in
investment-driven jewelry demand, and competition from other luxury goods are
also likely to impact the demand pattern of gems and jewelry.
Some of the recent trends in the global gems and jewelry industry include:
increasing HNWI wealth, value chain integration, men' s luxury jewelry,
conflict diamonds, competition and buying patterns, women and self purchasers
influencing jewelry market, expansion into emerging markets and branded
jewelry.
The industry has been seeking further growth through processing of larger size
stones and manufacture of diamond jewelry. Both the government and the gems
and jewelry industry have recognized the use of IT in diamond clusters in
order to enable seamless flow of information between the functional areas,
right from job contractors to small/mid-sized firms, to large, integrated
units. The IT interface would also provide the necessary platform for firms to
scale up their operations. While several such measures have been taken, at
firm-level, industry level, and government level, there exists still a need to
strengthen the position of the countries in the global market place through a
concerted strategy, addressing the challenges of raw-material sourcing,
technological infusion at processing stage, adoption of dynamism in design and
product development and sustainable market entry approach.
The report analyzes the trends, challenges and strategies of the gem and
jewelry and also outlines the opportunities driving the present as well as
future industry growth. The report focuses on the retail jewelry sales,
trends, jewelry segments, future potential of the three large consumers of
jewelry - the US, China and India. It also discusses the sales, demand,
outlook of the three major segments of the jewelry industry, i.e. platinum,
gold and diamond. Further, the report analyzes the major gems and jewelry
companies (retail) - Gitanjali Gems Limited, Signet Jewelers Limited and
Tsutsumi.
By combining SPSS Inc.' s data integration and analysis capabilities with our
relevant findings, we have predicted the future growth of the industry. We
employed various significant variables that impact this industry and created
regression models with SPSS Base to determine the future direction of the
industry. Before deploying the regression model, the relationship between
several independent or predictor variables and the dependent variable was
analyzed using standard SPSS output, including charts, tables and tests.
Table of Contents
1. Global Gems & Jewelry Market
- 1.1 Introduction to Gems & Jewelry
- 1.2 Supply Chain Analysis - Gem & Jewelry Market
- 1.3 Market Size & Growth Rate
2. Global Gem & Jewelry Industry: Product Segmentation
- 2.1 Diamond
- 2.1.1 Diamond Supply Chain
- 2.1.2 Diamond Production by Region
- 2.1.3 Market Share
- 2.1.4 Diamond Processing by Region
- 2.1.5 Demand & Supply
- 2.1.6 Market Outlook
- 2.2 Gold
- 2.2.1 Mine Production by Region
- 2.2.2 Supply Breakdown by Source
- 2.2.3 Average Retail Price
- 2.2.4 Sales of Product Segments
- 2.2.5 Sales by Retail Channel
- 2.2.6 Market Outlook
- 2.3 Platinum
- 2.3.1 Supply & Demand Growth
- 2.3.2 Supply by Region
- 2.3.3 Demand by Region
- 2.3.4 Market Outlook
3. Global Gem & Jewelry Market: Geographical Segmentation
- 3.1 Consumption by Region
- 3.2 Demand by Region
- 3.3 US Gem & Jewelry Market
- 3.3.1 Market Value & Growth Rate
- 3.3.2 Market Share
- 3.3.3 Sales by Retail Channel
- 3.4 China Gem & Jewelry Market
- 3.4.1 Market Value & Growth Rate
- 3.4.2 Product Segmentation
- 3.4.3 Gold Output & Demand
- 3.5 India Gem & Jewelry Market
- 3.5.1 Market Overview
- 3.5.2 Imports & Exports
- 3.5.3 Market Outlook
4. Market Trends
- 4.1 Increasing HNWI Wealth
- 4.2 Value Chain Integration
- 4.3 Recession-proof Luxury in Men' s Jewelry
- 4.4 Conflict Diamonds
- 4.5 Competition and Buying Patterns
- 4.6 Women and Self Purchasers Influencing Jewelry Market
- 4.7 Expansion into Emerging Markets
- 4.8 Branded Jewelry
5. Gem & Jewelry Market Challenges
- 5.1 Large Presence of Unorganized Sector
- 5.2 Impact of Global Financial Crisis
- 5.2 Increasing Gold Prices
- 5.3 Foray into Other Luxury Categories
- 5.4 Rise in Prices
- 5.5 R&D and Product Development
6. Competitive Strategies of Gem & Jewelry Market
- 6.1 Branding of Jewelry
- 6.2 Hallmarking of Jewelry
- 6.3 Increasing Market Presence of Platinum Jewelry
- 6.4 Change in Product Portfolio
- 6.5 Continuous Skill Development
- 6.6 Technology Upgradation
- 6.7 Establishing Diamond Bourses in India
- 6.8 Increases in Exploration Activities
- 6.9 Increased Participation in International Exhibitions
7. Company Profiles
- 7.1 Gitanjali Gems
- 7.1.1 Company Overview
- 7.1.2 Business Strategies
- 7.1.3 Geographic Diversification
- 7.1.4 Retail Strategy
- 7.2 Signet Jewelers
- 7.2.1 Company Overview
- 7.2.2 Business Strategies
- 7.2.3 Increasing Store Productivity
- 7.2.4 New Store Openings
- 7.3 Tsutsumi
- 7.3.1 Company Overview
- 7.3.2 Business Strategies
- 7.3.3 Global Expansion
8. Industry Outlook
- 8.1 Market Forecast
- 8.2 Forecast Methodology
- 8.2.1 Dependent and Independent Variables
- 8.2.2 Correlation Analysis
- 8.2.3 Regression Analysis
List of Charts
- Gem & Jewelry Industry Supply Chain
- Global Jewelry Sales: (2000 - 2010E)
- Diamond Jewelry Supply Chain
- World Diamond Production Volume by Country (2009)
- Global Diamond Production (2009)
- Global Diamond Production (2009)
- World Supply and Demand Imbalance: (2008 - 2013E)
- Market Share of Major Diamond Producing Nations by Volume (2008)
- Market Share of Major Diamond Producing Nations by Value (2008)
- Diamond Pipeline (2009)
- Projected Growth in Global Diamond Jewelry Sales: (2010E/2015E)
- Share of Diamond Processing Centers, by Value: (2010E & 2015E)
- Diamond Supply by Countries: (2010E - 2015E)
- Global Gold Mine Production by Region (2008)
- Global Gold Mine Production by Region (2009)
- Global Gold Supply by Source (2008)
- Average Price per piece of Gold Jewelry (1993-2009)
- Global Gold Jewelry Sales by Category (2009)
- Global Gold Jewelry Market Share by Item (2009)
- Global Gold Jewelry Sales by Retail Channel (2009)
- Projected Growth in Global Plain Gold Jewelry Sales: (2010E/2015E)
- Global Platinum Supply (2005-2009)
- Platinum Supply by Country (2008)
- Global Demand for Platinum (2005 - 2009)
- Global Demand of Platinum by Application: (2008-2009)
- Projected Growth in Global Plain Platinum Jewelry Sales: (2010E/2015E)
- Global Jewelry Consumption: Geographical Share (2005)
- Global Jewelry Consumption: Geographical Share (2015F)
- Global Jewelry Demand: Geographical Share (2009)
- US Gold Jewelry Sales (2000-2009)
- US Specialty Jewelry Retail Chains' Market Share (2009)
- Survey Estimates of Jewelry Purchases in the US
- Projected US Jewelry Sales: (2010E/2015E)
- China Jewelry Market (2003 - 2013E)
- Gold Output in China (2000-2010)
- China' s Top 5 Gold Producing Provinces by Output (2009)
- China' s Gold demand by Application (2009)
- Chinese Jewelry Market - Product Segmentation (2008)
- India' s Exports of Gold Jewelry (2005-2009)
- India' s Exports of Cut & Polished Diamonds (2005-2009)
- Indian Gems & Jewelry Exports Outlook
- HNWI Wealth Distribution, 2006 - 2009 (by Region)
- Value Added at Each Stage of the Gem and Jewelry Industry
- Estimated Share of Global Jewelry Sales (2015E)
- Real GDP Growth Rates (2008-09)
- Global Luxury Goods Market (2001-2009)
- Luxury Goods Market Segmentation by Value (2009)
- Gitanjali Gems: Revenue (2005 - 2008)
- Signet Jewelers: Revenue (2006 - 2010)
- Tsutsumi: Revenue (2006 - 2010)
- Forecasted Global Jewelry Sales: (2009A - 2013E)
List of Tables
- Gold Mine Production by Region (2008)
- Gold Mine Production by Region (2009)
- Average Price per piece of Gold Jewelry (1993-2009)
- Global Gold Supply-Demand Forecast (2009-2015)
- Global Platinum Demand: Jewelry (2008-2009)
- Industry Consolidation - U.S. Jewelry Market (2003-2009)
- India Gems and Jewelry Market: Imports and Exports (2009)
- Export of Gems and Jewelry: Segment wise (2009-2010P)
- Gold Price % Annual Change (2005-2010)
- Dependent & Independent Variables (2000 - 2008)
- Correlation Matrix
- Model Summary - Coefficient of Determination
- Regression Coefficients Output
