The Jewellery Manufacturing industry has benefited from the depreciation of the Canadian, a significant increase in exports and favourable macroeconomic conditions. Rising profitability has signaled new entry into the industry, growing the number of industry establishments and enterprises. However, some consolidation and adoption of new technologies has caused the movement of wages and employment to diverge. Over the five years to 2022, the boom in exports is expected to subside. Moreover, as the Canadian dollar is slated to appreciate slightly, exports of industry products are anticipated to become less price-competitive on foreign markets, subduing demand for Canadian exports.
This industry manufactures jewellery or silverware using precious or semi-precious metals and stones. Costume jewellery manufacturers, specialty coin producers and lapidaries (artisans who form stones, minerals and other durable materials into decorative items) are also included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.