Exhibitions in UK for Jewelry

The United Kingdom’s jewelry industry gave a strong performance in 2023 and by all estimations, the upcoming years will bring in an increase in sales volumes and revenue. Despite ranking fifth globally in terms of revenue in 2023, with approximately 17.5 billion US dollars, the UK maintains a strong foothold in the industry and it readies itself for a period of steady expansion. In 2024, the UK’s jewelry industry is expected to generate a revenue of $4.77 billion, with an annual growth rate of 3.58%. While India leads the global market with a projected revenue $81.26 billion in 2024, the UK holds its ground, anticipated to generate $70.18 per person in the same year. Notably, 75% of sales in the UK jewelry market by 2024 are forecasted to be attributed to non-luxury items, reflecting shifting consumer preferences towards accessible yet stylish pieces. One notable trend driving the UK’s jewelry market is the surge in demand for vintage and antique pieces. This trend is driven by younger generations, who are increasingly valuing unique designs and craftsmanship. These customers seek out pieces that tell a story and stand the test of time. On the manufacturing front, the UK boasts a thriving industry with the annual turnover of domestically made jewelry and related items reaching approximately 1.2 billion pounds in 2021. This significant increase from previous years reflects the resilience of the 1388 companies operating in the country. In the retail landscape, specialist watch and jewelry stores continue to flourish with nearly 4500 stores in operation in 2021. These establishments play a pivotal role in catering to diverse consumer preferences and driving record turnover figures, which reached approximately 6.5 billion pounds in the same year. Luxury brands like Chanel, Dior, and Tiffany maintain strong brand awareness among UK consumers, with Pandora leading the pack at 90%.

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