United Kingdom (UK) Jewellery and Watches Market Analysis by Categories, Revenue Share, Consumer Attitudes, Key Players and Forecast to 2028
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The UK jewellery & watches market experienced a sales decline in 2023 as consumers reigned in spending on non-essentials. Many retailers in this sector have not been immune to this weaker market landscape and have observed a similar downturn in sales. High street specialists targeting budget-conscious consumers felt this slump the most. Specialists operating in luxury jewellery & watches have fared better, less impeded by the cost-of-living crisis and inflationary pressures.
Key Highlights
We forecast the jewellery & watches market will achieve a CAGR of 2% between 2023 and 2028.
Watches and rings will provide the largest boost to the value of the jewellery & watches market between 2023 and 2028.
UK consumers rank quality as the highest driver when purchasing jewellery & watches, with over 90% of shoppers considering it an important factor.
Reasons to Buy
Using our five year forecasts to 2028, learn which categories in the Jewellery & Watches market will be the fastest performing to enable focus and investment in these winning product areas.
Understand how drivers of Jewellery & Watches purchases, such as range, price and quality, vary in importance among different demographics to maximise sales potential.
Use our in-depth analysis and forecasts to understand the current and future performances of the different channels, including online and offline.
Argos
Armani
Astrid & Miyu
Austen & Blake
Banks Lyon
Beaverbrooks
Cartier
Ernest Jones
Etsy
F. Hinds
Goldsmiths
H. Samuel
House of Fraser
Jaeger-LeCoultre
John Lewis & Partners
Mejuri
Michael Kors
Monica Vinader
Next
OBJKTS Jewelry
Oura
Pandora
Rolex
Selfridges
Swarovski
The Diamond Store
Tiffany & Co.
TK Maxx
Tommy Hilfiger
Vivienne Westwood
Warren James
Watches of Switzerland
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