Jewellery Stores in Canada
The Jewellery Stores industry in Canada has experienced increased industry revenue as improving economic conditions have stimulated consumer demand for jewellery and watches. Over the period, increased demand for these competing industries, particularly online-based businesses, has pressured industry demand. Over the five years to 2022, IBISWorld estimates that the Jewellery Stores industry is expected to continue to shine. Stabilizing commodity prices and a growing economy are expected to contribute to more consistent and rapid growth over the next five years. However, increased competition from external industries, particularly e-commerce websites, is projected to pressure industry growth over the period.
This industry retails jewellery made of gold, diamonds, silver and other precious metals and gemstones. This industry only includes specialty jewellery stores and does not include department stores or online establishments that sell jewellery along with other items.
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.