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Learn moreJan 2021
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The Australian government implemented a six-week lockdown from mid-March 2020 to curb the spread of COVID-19 resulting in non-essential store closures and stringent social distancing measures. Subsequently, social occasions and celebrations including weddings and parties were postponed but despite the easing of restrictions large celebratory occasions did not recommence later in the year.
The competitive landscape of luxury jewellery in Australia is highly fragmented. While multinationals such as Richemont Australia Pty Ltd (Cartier, Van Cleef & Arpels), Swarovski International (Australia) Pty Ltd, and Tiffany & Co lead, Richemont is the only company with double-digit value share and sales are dominated by smaller players under “others”.
Furthermore, luxury jewellery players are enticing consumers by offering personalised solutions. Michael Hill, for example, added a ring builder function to its engagement ring segment in 2020 where customers can customise their ring with various settings, metals, and diamonds.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Luxury Jewellery industry in Australia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Luxury Jewellery industry in Australia, our research will save you time and money while empowering you to make informed, profitable decisions.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.