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Country Report

Luxury Jewellery in

Luxury Jewellery in Hong Kong, China

14 pages, Feb 2019

US$990

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Executive Summary

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Economic improvement supports sales

According to government data published in August 2018, jewellery has been one of the key drivers of growth in terms of retail sales of goods. After a difficult period earlier in the review period in which luxury jewellery registered a decline, the category returned to growth in 2017, with this continuing in 2018.

Younger audience influences luxury jewellery designs

Some luxury jewellery brands are beginning to target the younger population by launching product lines with more approachable prices and simpler and more fashionable designs. For example, Swarovski endorsed Seoul actress Park Shin Hye as the global face for its 2018 S/S collection.

Arrivals from China key to growth

Growth in arrivals from Mainland China has had a big impact on category sales in 2017 and 2018, with these consumers accounting for a large share of sales thanks to jewellery being tariff-free under CEPA. According to a survey by Hong Kong Tourism Board, in 2017 15% of shopping purchases by overnight visitors from Mainland China were accounted for by jewellery.

COMPETITIVE LANDSCAPE

Cartier shines in improving market

Luxury jewellery became increasingly consolidated in 2017 with the three leading players – Cartier, Tiffany & Co and Bvlgari – all seeing significant increases in their respective value shares. Cartier saw the biggest increase in value share in 2017 with it benefiting from returning consumer confidence among its loyal customer base.

New stores appear off the back of economic recovery

Thanks to the improving economy, Hong Kong has seen new store openings in 2017/2018. For example, in 2018 Italian luxury jewellery house Buccellati, which has Chinese owners, returned to Hong Kong with it opening a store in Harbour City’s Gateway Arcade.

New sales channels provide boost to Gucci and Hermès

Although a relatively small player in luxury jewellery, Gucci witnessed the most dynamic growth in percentage terms in 2017. The brand benefited from the launch of its online store, with it taking an omnichannel approach in Hong Kong.

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Overview

Why buy this report?

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.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Jewellery industry in Hong Kong, China 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 Hong Kong, China, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Jewellery in Hong Kong, China market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Jewellery in Hong Kong, China?
What are the major brands in Hong Kong, China?
How dynamic is the growth of Luxury Jewellery internet sales?
What is driving growth?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply function

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Luxury Jewellery in Hong Kong, China - Category analysis

HEADLINES

PROSPECTS

Economic improvement supports sales

Younger audience influences luxury jewellery designs

Arrivals from China key to growth

COMPETITIVE LANDSCAPE

Cartier shines in improving market

New stores appear off the back of economic recovery

New sales channels provide boost to Gucci and Hermès

CATEGORY DATA

Table 1 Sales of Luxury Jewellery by Category: Value 2013-2018
Table 2 Sales of Luxury Jewellery by Category: % Value Growth 2013-2018
Table 3 NBO Company Shares of Luxury Jewellery: % Value 2013-2017
Table 4 LBN Brand Shares of Luxury Jewellery: % Value 2014-2017
Table 5 Distribution of Luxury Jewellery by Format: % Value 2013-2018
Table 6 Forecast Sales of Luxury Jewellery by Category: Value 2018-2023
Table 7 Forecast Sales of Luxury Jewellery by Category: % Value Growth 2018-2023

Luxury Goods in Hong Kong, China - Industry Overview

EXECUTIVE SUMMARY

Luxury goods continues its recovery

Consumer confidence returns

Electric cars and “The China Dream” influence demand

Internet retailing gains interest

Positive outlook for luxury goods despite challenges

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2013-2018

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2013-2018
Table 10 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 12 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 13 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 15 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

Megatrends

Country Report

Luxury Jewellery in Hong Kong, China

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Economic improvement supports sales

Younger audience influences luxury jewellery designs

Arrivals from China key to growth

COMPETITIVE LANDSCAPE

Cartier shines in improving market

New stores appear off the back of economic recovery

New sales channels provide boost to Gucci and Hermès

Overview

Why buy this report?

Samples (FAQs about samples)

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Table of Contents

Luxury Jewellery in Hong Kong, China - Category analysis

HEADLINES

PROSPECTS

Economic improvement supports sales

Younger audience influences luxury jewellery designs

Arrivals from China key to growth

COMPETITIVE LANDSCAPE

Cartier shines in improving market

New stores appear off the back of economic recovery

New sales channels provide boost to Gucci and Hermès

CATEGORY DATA

Luxury Goods in Hong Kong, China - Industry Overview

EXECUTIVE SUMMARY

Luxury goods continues its recovery

Consumer confidence returns

Electric cars and “The China Dream” influence demand

Internet retailing gains interest

Positive outlook for luxury goods despite challenges

MARKET INDICATORS

MARKET DATA

SOURCES

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