Retail value growth in the jewellery sector is projected to remain positive over the next five years, though retail volume sales are expected to decline. The fine jewellery category will primarily drive the decline in retail volume sales, as consumers increasingly focus on affordability amidst continued cost-of-living pressures.
While retail e-commerce continues to grow as a key channel for jewellery sales, the in-store shopping experience will remain crucial over the forecast period, especially for higher-priced fine jewellery. Many consumers prefer to experience and try on items before making a purchase, particularly for luxury items.
Several challenges will shape the jewellery market over the forecast period. A key concern is attracting Generation Z and Generation Alpha consumers, who are expected to drive future growth.
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Understand the latest market trends and future growth opportunities for the Jewellery industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Jewellery industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Jewellery
Jewellery is a kind of personal adornment usually made with various precious and semi-precious materials such as gemstones, precious metals, beads, glass, and shells. Jewellery is segmented as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.
See all of our definitionsThis report originates from Passport, our Jewellery research and analysis database.
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