The jewellery category is poised for transformation, as it adapts to the evolving values and expectations of new consumer groups, particularly Generation Z and Generation Alpha. These younger generations prioritise ethical and sustainable products, a trend that aligns seamlessly with the characteristics of lab-grown diamonds.
In the face of economic headwinds in 2023, the leading player in jewellery, Michael Hill, has demonstrated remarkable resilience, and is set to maintain its growth trajectory. Central to this success has been the brand’s strategic elevation plan, which includes the launch of the new high-end brand TenSevenSeven.
Jewellery has encountered headwinds in 2023, with softer value sales momentum attributed to economic uncertainties and consumer spending consciousness. This trend is expected to persist at least through the first half of the forecast period, as consumers will remain cautious amidst economic uncertainty.
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Understand the latest market trends and future growth opportunities for the Jewellery industry in Australia 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 Australia, 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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