All that glitters: Global uncertainty has contributed to growth in demand for industry exports

The Jewellery Manufacturing industry in Canada manufactures a wide range of jewellery products of varying quality. The industry also includes the minting of coins, with coins produced as currency and gold and silver bullion coins produced by the Royal Canadian Mint which forms an important part of this industry. Over the five years to 2019, while the industry has benefited from rising consumer spending and a depreciation in the Canadian dollar, the industry has experienced volatility in demand for gold and silver bullion products, which are used by consumers worldwide for investment purposes. Over the five years to 2024, the industry is forecast to return to growth, in line with its long-term expansion...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 14-19
-0.8%
Forecast Growth 19-24
Profit
Employment
3,911
Businesses
1,227
Market Share of Companies

Industry Threats & Opportunities

  • Fluctuating trade conditions have played a large role in industry revenue fluctuations
  • International trade has played an instrumental role in industry performance
  • Industry export figures and industry performance overall will continue to be linked
  • Industry Report - Starting a New Business Chapter

    Barriers to entry in the Canadian Jewellery Manufacturing industry are medium, primarily because the Royal Mint has a monopoly on the minting of currency coins and gold and silver bullion coin products. However, outside of this product segment, barriers are lower, and entry into and exit from the Jewellery Manufacturing industry can be fluid. For example, over 60.0% of industry establishments are nonemploying sole proprietors. The level of product differentiation between players in this industry varies. Larger players benefit from economies of scale and are able to offer consumers a broader range of merchandise, while simultaneously spending more than smaller players on advertising and promotion. High technical skills are required to provide differentiated products...purchase to read more.

    Additional Insights for the Jewellery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Jewellery Manufacturing Industry are

  • Access to a highly skilled workforce
  • Access to niche markets
  • Management of seasonal production
  • IBISWorld analysts also discuss how external factors such as World price of gold and Canadian effective exchange rate index in the Jewellery Manufacturing industry impact industry performance..

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    What's in this report

    What is the Jewellery Manufacturing Industry?

    This industry manufactures jewellery or silverware using precious or semi-precious metals and stones. Costume jewellery manufacturers, specialty coin producers and lapidaries, which are artisans who form stones, minerals and other durable materials into decorative items, are also included in this industry.

    Industry Products
  • Products with diamonds
  • Precious metal jewellery
  • Minted coins
  • Industry Activities
  • Manufacturing gold jewellery
  • Manufacturing diamond jewellery
  • Manufacturing silver jewellery
  • Manufacturing platinum jewellery
  • Manufacturing silverware
  • Manufacturing costume jewellery
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of gold
  • Canadian effective exchange rate index
  • Per capita disposable income
  • World price of silver

  • Current Performance
  • Input prices, demand and profit
  • International trade
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Domestic demand and trade
  • Profit and industry participation
  • Potential threats
  • Table: Jewellery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Jewellery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Jewellery & Watch Wholesaling in Canada
  • Jewellery Stores in Canada
  • Department Stores in Canada

  • Key Selling Industries
  • Copper, Nickel, Lead & Zinc Mining in Canada
  • Gold & Silver Ore Mining in Canada
  • Mineral & Phosphate Mining in Canada
  • Stone Mining in Canada

  • Products & Services
  • Minted coins
  • Precious metal jewellery
  • Products with diamonds
  • Other
  • Chart: Jewellery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports to the United States
  • All other Exports
  • Wholesalers
  • Retailers
  • Chart: Major Market Segmentation for the Jewellery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Jewellery Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Jewellery Manufacturing Industry

  • Industry Globalization
    Royal Canadian Mint,
  • Table: Royal Canadian Mint - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Jewellery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Jewellery Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • World price of gold (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Alloy
  • A mixture containing two or more elements that dissolve into each other when molten.
  • Bridal Sets
  • A set of rings that includes an engagement ring and a matching wedding ring or band.
  • Costume Jewellery
  • Jewellery that is made of less precious stones and metals, therefore having a lower price point.
  • Lapidary
  • A precious metal worker whose skills involve cutting and engraving. This also includes any work involving precious metal cutting or engraving.
  • What Our Customers Say

    Why buy this report?

    The Jewellery Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Jewellery Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Jewellery Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Jewellery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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