CBI MARKET SURVEY: THE JEWELLERY MARKET IN THE EU CBI MARKET SURVEY THE JEWELLERY MARKET IN THE EU Publication date: September 2008 CONTENTS REPORT SUMMARY 2 INTRODUCTION 5 1 CONSUMPTION 6 2 PRODUCTION 18 3 TRADE CHANNELS FOR MARKET ENTRY 23 4 TRADE: IMPORTS AND EXPORTS 32 5 PRICE DEVELOPMENTS 44 6 MARKET ACCESS REQUIREMENTS 48 7 OPPORTUNITY OR THREAT? 51 APPENDICES A PRODUCT CHARACTERISTICS 53 B INTRODUCTION TO THE EU MARKET 56 C LIST OF DEVELOPING COUNTRIES 57 This survey was compiled for CBI by Searce Disclaimer CBI market information tools: http://www.cbi.eu/disclaimer Source: CBI Market Information Database • URL: www.cbi.eu • Contact:
[email protected] • www.cbi.eu/disclaimer Page 1 of 58 CBI MARKET SURVEY: THE JEWELLERY MARKET IN THE EU Report summary This survey profiles the EU market for precious jewellery and costume jewellery. The precious jewellery market includes jewellery pieces made of gold, platinum or silver all of which can be in plain form or with (semi-) precious gemstones, diamonds or pearls. The costume jewellery market includes imitation jewellery pieces of base metal plain or with semi-precious stones, glass, beads or crystals. It also includes imitation jewellery of any other material, cuff links and hair accessories. This survey excludes second-hand jewellery and luxury goods such as gold and silver smith’s ware (tableware, toilet ware, smokers’ requisites etc.) and watches. Consumption Being the second largest jewellery market after the USA, the EU represented 20% of the world jewellery market in 2007. EU consumers spent € 23,955 million with Italy, UK, France and Germany making up the lion’s share (70%).