Jewellery Manufacturing in Australia - Market Research Report (2013-2028)
Melbourne, Australia
Last Updated: September 2023
ANZSIC C2591Revenue
$4.3bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
3,605
Businesses
1,581
Wages
$XXX.Xm
Jewellery Manufacturing in Australia industry analysis
The Jewellery Manufacturing industry has faced favourable operating conditions in recent years compared with most other Australian manufacturing industries. Industry revenue is expected to surge at an annualised 12.5% over the five years through 2023-24, to $4.3 billion. This includes an anticipated slump of 1.8% in 2023-24. Jewellery manufacturers have benefitted from heavy domestic and international demand. Industry exports are expected to expand, accounting for a significant 80.0% of industry revenue in 2023-24. Surging gold and silver prices and Australia’s strong reputation for producing high-quality jewellery have buttressed this growth.
Trends and Insights
- Climbing household discretionary incomes has encouraged consumers to purchase new jewellery. Rising demand from jewellery retailers and wholesalers has benefitted jewellery manufacturers' performance.
- Fine jewellery manufacturing is supporting the industry. Growing gold and silver prices, higher disposable incomes, and Australia’s reputation for high-quality jewellery manufacturing is boosting demand for fine jewellery, especially from foreign markets.
- Jewellery manufacturers tend to be located near downstream markets like retailers, wholesalers and department stores. This proximity reduces manufacturers’ transport costs and keeps prices competitive.
- Jewellery manufacturing firms compete with one another based on price, quality, range and brand reputation. Product quality, particularly for fine jewellery, is a key differentiator among manufacturers and a significant contributor to brand reputation.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 12.5 % over the past five years, to reach an estimated $4.3bn in 2023.
Trends and Insights
Jewellery manufacturers are facing intensifying competition
- Manufacturers are facing strong competition from foreign manufacturers. Online shopping growth and reduced trade barriers have made importing jewellery products more feasible and affordable for downstream markets.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Manufacturers are set to benefit from climbing discretionary incomes and a recovering consumer sentiment
- Rising household discretionary incomes, alongside a gradual recovery in consumer sentiment, are expected to buttress jewellery product demand over the coming years. This trend will likely benefit fine jewellery manufacturers, as fine jewellery is typically an expensive good.
Biggest companies in the Jewellery Manufacturing in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
The Perth Mint | 356.2 | |
Royal Australian Mint | 181.6 | |
Pallion | 60.5 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Fine jewellery, Other products and Costume jewellery. Fine jewellery is the largest segment of the Jewellery Manufacturing in Australia.
Trends and Insights
Australia’s strong track record for producing high-quality fine jewellery has skyrocketed foreign demand
- Fine jewellery is the industry's largest product segment and includes items that are manufactured using precious and semi-precious metals and stones.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Measurement and Other Scientific Equipment Manufacturing in Australia
- Jewellery and Watch Wholesaling in Australia
- Watch and Jewellery Retailing in Australia
International industries
- Jewelry Manufacturing in the US
- Jewellery Manufacturing in Canada
- Jewellery Manufacturing in the UK
- Jewelry Manufacturing in China
Table of Contents
About this industry
Industry definition
Industry operators manufacture jewellery or silverware using precious or semi-precious metal and stones. Products include fine jewellery, costume jewellery, badges and medals. Operators may also mint coins; cut diamonds and gems; and manufacture, engrave, chase or etch jewellery or precious metal. Industry firms sell these products to wholesalers or directly to retailers.
What's included in this industry?
Fine jewelleryCoin mintingDiamond and gem cutting Costume jewelleryBadge and medalSilverware and trophyCompanies
The Perth MintRoyal Australian MintPallionPurchase this report to view all 3 major companies in this industry.
Related Terms
CUTBULLION COINSCOSTUME JEWELLERYNUMISMATIC COINSIndustry Code
ANZSIC 2591 - Jewellery Manufacturing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Climbing household discretionary incomes has encouraged consumers to purchase new jewellery. Rising demand from jewellery retailers and wholesalers has benefitted jewellery m...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Fine jewellery manufacturing is supporting the industry. Growing gold and silver prices, higher disposable incomes, and Australia’s reputation for high-quality jewellery manu...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Jewellery manufacturers tend to be located near downstream markets like retailers, wholesalers and department stores. This proximity reduces manufacturers’ transport costs an...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Jewellery manufacturing firms compete with one another based on price, quality, range and brand reputation. Product quality, particularly for fine jewellery, is a key differe...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Australia’s Jewellery Manufacturing industry is highly fragmented, with many small manufacturers that cater to niche markets or manufacture custom jewellery. These factors ma...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of The Perth Mint's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Royal Australian Mint's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Pallion's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for The Perth Mint, and factors influencing its performance in the industry
- Description and key data for Royal Australian Mint, and factors influencing its performance in the industry
- Description and key data for Pallion, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Regulatory and licence requirements are not a major feature of the Jewellery Manufacturing industry. Nonetheless, manufacturers must follow government manufacturing and workp...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The Jewellery Manufacturing industry has many small players. Therefore, industry cost structures vary, as a firm's cost structure typically depends on its product segments, c...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Jewellery Manufacturing industry in Australia in 2024?
The market size of the Jewellery Manufacturing industry in Australia is $4.3bn in 2024.
How many businesses are there in the Jewellery Manufacturing in Australia industry in 2023?
There are 1,581 businesses in the Jewellery Manufacturing industry in Australia, which has grown at a CAGR of 2.2 % between 2018 and 2023.
Has the Jewellery Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Jewellery Manufacturing industry in Australia has been growing at a CAGR of 12.5 % between 2018 and 2023.
What is the forecast growth of the Jewellery Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Jewellery Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Jewellery Manufacturing market in Australia?
The biggest companies operating in the Jewellery Manufacturing market in Australia are The Perth Mint, Royal Australian Mint and Pallion
What does the Jewellery Manufacturing in Australia include?
Fine jewellery and Coin minting are part of the Jewellery Manufacturing industry.
Which companies have the highest market share in the Jewellery Manufacturing in Australia?
The company holding the most market share in Australia is The Perth Mint.
How competitive is the Jewellery Manufacturing industry in Australia?
The level of competition is moderate and increasing in the Jewellery Manufacturing industry in Australia.
