$4.3bn
$XXX.Xm
3,605
1,581
$XXX.Xm
The Jewellery Manufacturing industry has faced favourable operating conditions in recent years compared with most other Australian manufacturing industries. Industry revenue is expected to surge at an annualised 12.5% over the five years through 2023-24, to $4.3 billion. This includes an anticipated slump of 1.8% in 2023-24. Jewellery manufacturers have benefitted from heavy domestic and international demand. Industry exports are expected to expand, accounting for a significant 80.0% of industry revenue in 2023-24. Surging gold and silver prices and Australia’s strong reputation for producing high-quality jewellery have buttressed this growth.
Industry revenue has grown at a CAGR of 12.5 % over the past five years, to reach an estimated $4.3bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
The Perth Mint | 356.2 | |
Royal Australian Mint | 181.6 | |
Pallion | 60.5 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Fine jewellery, Other products and Costume jewellery. Fine jewellery is the largest segment of the Jewellery Manufacturing in Australia.
Australia’s strong track record for producing high-quality fine jewellery has skyrocketed foreign demand
Industry operators manufacture jewellery or silverware using precious or semi-precious metal and stones. Products include fine jewellery, costume jewellery, badges and medals. Operators may also mint coins; cut diamonds and gems; and manufacture, engrave, chase or etch jewellery or precious metal. Industry firms sell these products to wholesalers or directly to retailers.
Purchase this report to view all 3 major companies in this industry.
ANZSIC 2591 - Jewellery Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Climbing household discretionary incomes has encouraged consumers to purchase new jewellery. Rising demand from jewellery retailers and wholesalers has benefitted jewellery m...
Learn about an industry's products and services, markets and trends in international trade.
Fine jewellery manufacturing is supporting the industry. Growing gold and silver prices, higher disposable incomes, and Australia’s reputation for high-quality jewellery manu...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Jewellery manufacturers tend to be located near downstream markets like retailers, wholesalers and department stores. This proximity reduces manufacturers’ transport costs an...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Jewellery manufacturing firms compete with one another based on price, quality, range and brand reputation. Product quality, particularly for fine jewellery, is a key differe...
Learn about the performance of the top companies in the industry.
Australia’s Jewellery Manufacturing industry is highly fragmented, with many small manufacturers that cater to niche markets or manufacture custom jewellery. These factors ma...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulatory and licence requirements are not a major feature of the Jewellery Manufacturing industry. Nonetheless, manufacturers must follow government manufacturing and workp...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The Jewellery Manufacturing industry has many small players. Therefore, industry cost structures vary, as a firm's cost structure typically depends on its product segments, c...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Jewellery Manufacturing industry in Australia is $4.3bn in 2024.
There are 1,581 businesses in the Jewellery Manufacturing industry in Australia, which has grown at a CAGR of 2.2 % between 2018 and 2023.
The market size of the Jewellery Manufacturing industry in Australia has been growing at a CAGR of 12.5 % between 2018 and 2023.
Over the next five years, the Jewellery Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Jewellery Manufacturing market in Australia are The Perth Mint, Royal Australian Mint and Pallion
Fine jewellery and Coin minting are part of the Jewellery Manufacturing industry.
The company holding the most market share in Australia is The Perth Mint.
The level of competition is moderate and increasing in the Jewellery Manufacturing industry in Australia.