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Precious Metal Jewellery - UK

Published by: Mintel International Group Ltd.

Published: Jul. 1, 2008 - 95 Pages


Table of Contents


Issues in the Market


Main themes

Definition



Market in Brief

A resilient and promising market

New opportunities

The wider picture

Newer names and ranges

And new ways

Looking ahead



Internal Market Environment

Key points

Styling and fashion

Changing attitudes

Closer links with fashion and accessory brands

Individuality and experimentation

Trading quantity for quality

Figure 1: Total spend on silver and gold jewellery without diamonds, 2005-07

Figure 2: Total spend on platinum and gold with diamonds, 2005-07

The wide world of the Internet

Ethical production and trading

Jewellers themselves

Let your purchase benefit someone else

Metal prices - up up up

Figure 3: Metal prices, 2003-08



Broader Market Environment

Key points

More potential for volume

Figure 4: Age structure of the UK population, by gender, 2003-13

And more potential for value

Figure 5: Working population of women, 2003-13

Figure 6: Forecast adult population trends, by socio-economic group, 2003-13

The big event(s)

Figure 7: Number of marriages and births, UK, 2003-13

Adjusting to decline and change

The wider economy

Figure 8: Trends in PDI and consumer expenditure, 2003-13



Competitive Context

Key points

General competitors

For men

Figure 9: UK retail sales of watches and jewellery, 2003-07

Looking good and paying for it

Figure 10: Agreement with selected lifestyle statements, 2002 and 2006

Sometimes radical options



Strengths and Weaknesses in the Market

Strengths

Weaknesses



Market Value and Forecast

Key points

Total sales

Figure 11: UK retail sales of precious metal jewellery, 2003-08

Reason for optimism

The ups and downs

The future

Forecast

Figure 12: UK retail sales, precious metal jewellery, 2003-13

Factors used in the forecast



Segment Performance

Key points

The wider picture - volume and value

Style notes

Vibrant colour

Diamonds on a sparkling high

But also organic look a strong theme

Metal trends - the white and the yellow

Figure 13: UK retail sales of precious metal jewellery, by metal type, 2003-07

The white

And the yellow

Rings and things

Figure 14: UK retail sales of jewellery, by type, 2003-07

Rings have their moment

A casual style

Two different styles for wristwear

Men add their weight

Figure 15: Precious metal jewellery, by gender, 2003-07

Don’t forget the children



Companies and Products

Key points

Jewellery making and branding

Major UK suppliers to the mainstream and premium sector

Figure 16: Major UK suppliers to mainstream retail jewellers, 2008

Innovation for success

Major contemporary jewellery brands

Figure 17: Major contemporary jewellery brands, 2008

Argent of London

Dower & Hall

Gecko

G McKenzie

Goldmajor Group

HDG

Links of London

Ola Gorie

Ortak

Major non-UK brands in the mainstream and premium sector

Higher profile designer makers

The luxury brands

Fair traders



Brand Communication and Promotion

Key points

Above-the-line budgets limited

Figure 18: Main monitored media spend on jewellery, 2003-07

Taking a closer look

Figure 19: Main monitored media advertising expenditure on jewellery, by leading advertisers, 2003-07

Highlighting the new (and the big)

The other choices available

Wider sponsorship

Addressing the retailers



Channels to Market

Key points

Share by category

Figure 20: UK retail sales of precious metal jewellery, by outlet type, 2003-07

A brief comment

Shifts in share

Who’s who among the multiples

Figure 21: Leading Multiple jewellers, 2008

A resilient Signet group

The role of Baugur

The other multiples

A strengthening independent sector

The quality end

Design jewellery

Argos

Online growing rapidly

Who sells online - a more varied group

Figure 22: Selected online vendors, precious metal jewellery, 2008

Department stores limited but…

Figure 23: Main department stores and examples of brands offered, 2008

And the others - grocers

Still more distance buying



The Consumer - What They Buy


Key points

Any notable changes?

Figure 24: What they buy, 2006 and 2008

The implications

Precious means gold

Repertoire analysis

Figure 25: Number of items bought or received, by type of jewellery, April 2008

Average numbers - men and women

Figure 26: Number of items bought, by gender, April 2008

Figure 27: Average number of items bought or received by women, by age groups, April 2008



Appendix

Consumer research

ACORN

Abbreviations

Advertising data



Appendix - Internal Market Environment

Figure 31: Women’s purchase of jewellery in past 12 months, 2005-07

Figure 32: Men’s purchase of jewellery in past 12 months, 2005-07

Figure 33: Women’s ownership of jewellery, by type, 2005-07

Figure 34: Men’s ownership of jewellery, by type, 2005-07



Appendix - Segment Performance

Figure 35: Hallmarking of articles of precious metals, 1997-2007

Figure 36: Hallmarking of articles of gold, 2003-07



Appendix: What They Buy

Figure 37: Any jewellery bought or received in last three years, April 2008

Figure 38: What they buy, by gender, age and socio-economic factors, April 2008

Figure 39: What they buy, by gender, age and socio-economic factors, April 2008

Figure 40: What they buy, by Mintel’s special groups, region, ACORN groups, technology users, Internet usage, daily newspapers, commercial TV viewing and supermarket used, April 2008

Figure 41: What they buy, by Mintel’s special groups, region, ACORN groups, technology users, Internet usage, daily newspapers, commercial TV viewing and supermarket used, April 2008

Women repertoire demographics

Figure 42: Number of items bought, by women, age and socio-economic group, April 2008

Men repertoire demographics

Figure 43: Number of items bought, by men, age, socio-economic group, ACORN groups and TV viewing, April 2008



Appendix: Typologies

Figure 52: Typologies, by attitudes to precious metal jewellery, April 2008

Figure 53: Typologies, by what they look for, April 2008

Figure 54: Typologies, by number of items bought, April 2008

Figure 55: Typologies, by item of precious jewellery bought, April 2008

Figure 56: Typologies, by gender, age, socio-economic factor, ACORN groups, TV viewing, region, daily newspaper, media used, Internet usage, TV reception and supermarket used, April 2008

Abstract

Mintel estimates the market for precious metal jewellery is worth £2,620 million in 2008, up by 11% on 2003, with stronger growth in the quality sector.

Will this growth falter? We think not, or at least not significantly, and that is largely because consumers themselves have been learning a greater discernment and discrimination - they will be buying less but better - and the jewellery trade itself has increasingly invested in design and, especially in 2008, promotion.

Main themes of the report:

  • Jewellery design more responsive to fashion trends and bringing excitement.
  • Greater discernment and knowledge driving demand for higher quality.
  • Women the key buyers - increasingly for fine as well as fashion jewellery.
  • Men are becoming involved in the market as never before, especially in metals of all types and diamonds.
  • Brands are playing a larger role in the market.



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