2012-09-25 18:09:33 - UK jewellery market currently lead by H Samuel
The UK jewellery market witnessed a marginal decline in sales over 2007; however, volume sales are predicted to improve once more through to 2017 recording marginal growth.The performance of the UK jewellery industry is closely correlated with the state of the overall economy. Items are considered to be luxury goods and demand is reliant on the level of disposable income and consumer confidence within the economy.In poor economic conditions, consumers reduce their purchases of luxury items and consequently, the industry suffers. This has largely been the case in the industry over the past five years.H Samuel Ltd regained its leading position as manufacturer and retailer of jewellery items in the UK in 2011 with a value share of 6%. H
Samuel is the leading jewellery & watch specialist retailer in the UK with a large selection of private label products, and is unique since its window displays tend to be very limited, forcing consumers to enter the store to have a look at their product selection.Pandora Jewellery UK Ltd recorded a decline in value share and value sales after its impressive performance the previous year. The jewellery manufacturer sells a mixture of costume and real jewellery at a medium price range. These days British shoppers are becoming more discerning about the jewellery that they buy and are now prepared to pay more for a really good quality piece that stands out from the crowd. This combined with the fact that up-market jewellery is often bought for sentimental reasons means that the market is likely to hold its own in these more challenging times.Sales are estimated to improve due to the recovery of the UK economy and gain in consumer confidence, with the UK jewellery market estimated to hit a value of Â£3 billion during 2012.For more information on the UK jewellery market, see the latest research: UK Jewellery MarketFollow us on Twitter @CandMResearch
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