Fullestop Review: Jewelry Industry

Jewelry business in global economy 15% Gems and jewelry Technology business (G&J) are Sales 20% Oil business leading the global 45% economy. Gems and G&J business jewelry (G&J) have a global market share of Others around 38 billion dollars 20% with the growth rate of 5% every year. Drivers of G&J business Players in G&J business Mass appeal and growing income among households. According to recent reports in 2012 US generates maximum revenue in the global jewelry market. The country also holds the first place for the maximum O Low cost and abundance of skilled labor. O Growing use on high-end technology. number of customer s which consumes diamonds. O Changing consumer perceptions and behavior. However, Asia pacific holds the largest jewelry market in the world with more than half of the sharing being O Growing training institutes. contributed by countries like India and China. Challenges of G&J business According to the recent reports the gold jewelry market currently O Rising gold prices. accounts for 43% of the global jewelry market. Given the increasing disposable incomes and growing market in the Asia pacific and Middle East region, the market is set to expand immensely. 43% O Stiff competition among players. O Dependence on raw material import. O Emerging threats from inflation and lump in economy. Market trends The US continues to be the largest consumer for gems and jewelry, followed by China, India, Middle East and Japan. Aggressive marketing and advertisement. O Online retailing of jewelry. O Growing organized retail space. In the US, bridal jewelry is the largest market segment followed by fashion jewelry, studded watches, precious stones and lastly, precious metals. O Large scale shows and exhibitions. > Investment from PE firms. O Hallmarking. US remain the world's largest consumer of diamond jewelry in CY2012. O Import duties and relaxations. China has become the second-largest jewelry market after the US in CY2012. Key factors essential for entering the online jewelry market Who are the target customers and what are their requirements and preferences? How effectively the website will link your new customers? What are the implications in terms of adapting the range and price points to the new online market? Customer Which of the existing website are targeting your potential customer? Competition What is their proposition? What are your competitors strengths? Value proposition What is a proposition in terms of product, service offering and price? What is the brand USP? Market Positions Economic Indicators Asia Pacefic Us Other Export and Import Charts Exporters Importers 11%. 10% of businesses of businesses 5% 6% 4% Export only Export and Import Import only Global Market value and Growth% Value 9% $ 7bn 8% 7% $ 6bn 6% 5% 4% $ 5bn 3% 2% $ 4bn 1% 0% Annual purchasing budget of one of the leading buyer in the global market - United Kingdom 24.4% Up to £ 10,000 27.6% £10,001 to £50,000 Over 14.40% of buyers had an annual budget of over £250k. This clearly shows the expansion in the G&J business in upcoming years. 23.8% £50,001 to £250,000 9.2% £250,000 to £1 Million 5.2% Over £1 Million 9.8% No buying responsibility Designed By FULLESTOP deliveing promises.