Jewellery Stores in Canada
The Jewellery Stores industry in Canada sells jewellery, timepieces and sterling and plated silverware from brick-and-mortar establishments. Over the five years to 2018, industry revenue increased as improving economic conditions stimulated consumer demand for jewellery and watches. The industry has experienced external competition from department stores, supercentres, mass merchandisers and e-tailers. Given the industry's commoditization, the price movements of precious metal inputs influence industry performance. Fluctuations in the prices of gold, silver, platinum and diamonds have both positive and negative effects on the industry. Over the five years to 2023, IBISWorld estimates that the Jewellery Stores industry in Canada is expected to continue to shine, albeit at a slower rate than the previous 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.
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