Global Jewelry Market Sales Led by China at 51.4% Share - Forecasts to 2018 and Beyond in New Jewelry Research Reports

Aug 19, 2015, 14:20 ET from RnR Market Research

CHICAGO, August 19, 2015 /PRNewswire/ --

The Global and China Jewelry Industry Report, 2014-2018 says in 2014, the worldwide jewelry market sales reported USD157 billion, of which, China (Mainland and Hong Kong) contributed retail sales of USD80.7 billion (according to the exchange rate of 1:6.3997), sweeping a global share of 51.4%.

Complete report on global and China jewelry market spread across 138 pages, profiling 14 major companies as well as supported with 171 charts is now available at http://www.rnrmarketresearch.com/global-and-china-jewelry-industry-report-2014-2018-market-report.html .


Gold jewelry accounts for the largest amount of jewelry market consumption in Mainland China, more than 50%. In 2013, the slump in gold price provoked consumers' lust for purchase, which made the gold jewelry market consumption jump by 42.5% that very year, to 716.5 tons. In 2014, as gold prices were moderating, the gold rush retreated, resulting in a year-on-year decline of 6.9% in gold jewelry consumption, to 667.1 tons.

Within the jewelry market, products get distributed mainly via stores and the Internet. In recent years, along with the development of the Internet, the Chinese jewelry enterprises have entered the era of internet marketing. The proportion of E-commerce sales in jewelry market has increased from less than 0.5% in 2009 to 4.0% in 2014. O2O mode is the current focus: offline jewelry giants develop online marketing channels, while online Internet jewelry brands gradually turn their attention to offline marketing channels.

Companies profiled in the Global and China Jewelry Industry Report, 2014-2018 market research include Chow Tai Fook, Chow Sang Sang, Lukfook, Tse Sui Luen, Emperor Watch & Jewellery, Lao Feng Xiang, Yuyuan Tourist Mart, Ming Jewelry, Eastern Gold Jade, Goldleaf Jewelry, CHJ, IDEAL, CUIHUA and TESIRO. Order a copy of this jewelry market report at http://www.rnrmarketresearch.com/contacts/purchase?rname=405072 .

At present, the jewelry market in China is dominated by Chow Tai Fook, Chow Sang Sang, Lao Feng Xiang, Lukfook, etc. In 2014, Chow Tai Fook secured first place with 9.5% market share, followed by Lao Feng Xiang with 5.4%. However, some Hong Kong brands give priority to Hong Kong, Macao and Taiwan, in contrast to a relatively market share in the Mainland, e.g. Lukfook, which in 2014 represented 3.1% market share in China yet merely 0.7% in the Mainland. In addition, in order to further improve the jewelry market share, companies are still actively expanding the marketing network.

Chow Tai Fook acquired 100% equities of Hearts On Fire (engaged in diamond jewelry) in August 2014, which made up for the disadvantages of no unique features nor high-end products in diamond accessories, but also extended the marketing network in the United States, Australia, Europe, Japan and other countries. Lao Feng Xiang opened its first overseas store in Sydney in 2012; later in 2013, the Hong Kong branch went into operation; in 2014 and 2015, the Fifth Avenue's flagship store in New York City and Tsim Sha Tsui store in Hong Kong were officially unveiled, respectively. Currently, Lao Feng Xiang is preparing for construction of Canadian division and Vancouver jewelry shop.

To further develop the Internet marketing channel within the jewelry market, Ming Jewelry was stationed in Jingdong Mall in September 2014. In 2015, it will put effort into creating the newly purchased Shenzhen Zhuoyi Jewelry into an innovative brand for the young.

For the jewelry market worldwide stakeholders, RnRMarketResearch.com has several newly published, regional as well as global research titles:

Jewelery World Report: Products and markets covered in this research include Gold, Gold Plated, Gold Filled, Silver, Stainless Steel, Platinum, Diamonds, Rubies, Sapphires, Emeralds and Semi-Precious Gems. This report provides data and information on jewelry market in over 200 countries by products and services. This Database Covers NAICS Code: S0572_M. Products/Services Classified By 5-Digit US Commerce Department Code and then Defined by Each 6 to 10-Digit Product Codes. The data and information are provided for 1997- 2015 (historic data), 2016- 2023 (current time series) and 2023-2028 (long term projections). Consumption information is given at industry / distribution channel / service or product line level. Data and information for 11 products are covered for over 200 countries spread across 2018 pages, 9939 spreadsheets, 9773 database tables as well as 539 diagrams and maps. This Database Is Updated Monthly. 12 Months Full After-Sales Services & Updates is Available from the Publishers. This Report Is Also Available As 9 Regional Reports: Canada and The USA, Central America (31 Countries), South America (13 Countries), Europe (45 Countries), Eurasia (4 Countries), Middle East (19 Countries), Africa (54 Countries), Asia (48 Countries), and Oceania (20 Countries). This Report Is Also Available for Individual Countries. Read more at http://www.rnrmarketresearch.com/jewelery-world-report-market-report.html .

EU: Jewellery - Market Report Analysis and Forecast to 2020: The report provides an in-depth analysis of the EU market for Jewellery. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. The report shows the sales data, allowing you to identify the key drivers and restraints. You can find here a strategic analysis of key factors influencing the market. Forecasts illustrate how the market will be transformed in the medium term. Profiles of the leading companies and brands are also included. Countries coverage include EU(28) - Austria, Belgium, Bulgaria, Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Netherlands, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and United Kingdom. Products coverage include Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal; articles of goldsmiths' or silversmiths' wares and parts thereof, of precious metal or of metal clad with precious metal as well as Articles of natural or cultured pearls.  Comprehensive table of contents and more on this EU jewelry market report is available at http://www.rnrmarketresearch.com/eu-jewellery-market-report-analysis-and-forecast-to-2020-market-report.html .

About Us:
RnRMarketResearch.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

Contact:
Ritesh Tiwari
1 South Dearborn Street,
21st Floor, Chicago,
Illinois, 60603,
United States
Tel:  +1-888-391-5441
sales@rnrmarketresearch.com

Connect with Us:
G+ / Google Plus: https://plus.google.com/104156468549256253075/posts
Twitter: https://twitter.com/RnRMR
Facebook: https://www.facebook.com/pages/RnR-Market-Research/413488545356345
RSS / Feeds: http://www.rnrmarketresearch.com/feed

SOURCE RnR Market Research