Singapore Jewelry and Watch Retail Market Summary, Competitive Analysis and Forecast to 2028

Jewelry & Watch Retail in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– The market Includes gold jewelry, silver jewelry, and other precious jewelry like diamonds, platinum, precious stones (sapphires, emeralds, and rubies), pearls (natural and cultured), semi-precious stones (e.g. quartz, opal, topaz, amethyst, coral etc.), precious charms, brooches, cufflinks, body jewelry, precious hair accessories/headwear (tiaras) and fine watches.

– The Singaporean jewelry & watch retail market registered revenues of $5,106.4 million in 2023, representing a compound annual growth rate (CAGR) of 3.8% between 2018 and 2023.

– The jewelry & watch segment accounted for the market's largest proportion in 2023, with total revenues of $4,290.5 million, equivalent to 84% of the market's overall value.

– In 2023, the Singaporean jewelry & watch retail market recorded an annual growth of 6.9% driven by factors such as reducing unemployment, rising GDP, and an increase in the consumer confidence index.

Scope

– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the jewelry & watch retail market in Singapore

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the jewelry & watch retail market in Singapore

– Leading company profiles reveal details of key jewelry & watch retail market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the Singapore jewelry & watch retail market with five year forecasts

Reasons to buy

- What was the size of the Singapore jewelry & watch retail market by value in 2023?

- What will be the size of the Singapore jewelry & watch retail market in 2028?

- What factors are affecting the strength of competition in the Singapore jewelry & watch retail market?

- How has the market performed over the last five years?

- What are the main segments that make up Singapore's jewelry & watch retail market?

Companies mentioned

Poh Heng Jewellery Pte Ltd

SK Jewellery Group Ltd

Compagnie Financiere Richemont SA

LVMH Moet Hennessy Louis Vuitton SA

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Category segmentation

1.4. Geography segmentation

1.5. Market rivalry

1.6. Competitive landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?

7.2. What strategies do leading players follow?

7.3. What are the recent developments in the market?

8 Company Profiles

8.1. Poh Heng Jewellery Pte Ltd

8.2. SK Jewellery Group Ltd

8.3. Compagnie Financiere Richemont SA

8.4. LVMH Moet Hennessy Louis Vuitton SA

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: Singapore jewelry & watch market value: $ million, 2018–23

Table 2: Singapore jewelry & watch market category segmentation: % share, by value, 2018–23

Table 3: Singapore jewelry & watch market category segmentation: $ million, 2018-23

Table 4: Singapore jewelry & watch market geography segmentation: $ million, 2023

Table 5: Singapore jewelry & watch market value forecast: $ million, 2023–28

Table 6: Poh Heng Jewellery Pte Ltd: key facts

Table 7: SK Jewellery Group Ltd: key facts

Table 8: SK Jewellery Group Ltd: Key Employees

Table 9: Compagnie Financiere Richemont SA: key facts

Table 10: Compagnie Financiere Richemont SA: Annual Financial Ratios

Table 11: Compagnie Financiere Richemont SA: Key Employees

Table 12: LVMH Moet Hennessy Louis Vuitton SA: key facts

Table 13: LVMH Moet Hennessy Louis Vuitton SA: Annual Financial Ratios

Table 14: LVMH Moet Hennessy Louis Vuitton SA: Key Employees

Table 15: LVMH Moet Hennessy Louis Vuitton SA: Key Employees Continued

Table 16: Singapore Size of Population (million), 2019–23

Table 17: Singapore real GDP (Constant 2010 Prices, $ billion), 2019–23

Table 18: Singapore GDP (Current Prices, $ Billion), 2019–23

Table 19: Singapore Inflation, 2019–23

Table 20: Singapore Consumer Price Index (Absolute), 2019–23

Table 21: Singapore exchange rate, 2018–23

List of Figures

List of Figures

Figure 1: Singapore jewelry & watch market value: $ million, 2018–23

Figure 2: Singapore jewelry & watch market category segmentation: $ million, 2018-23

Figure 3: Singapore jewelry & watch market geography segmentation: % share, by value, 2023

Figure 4: Singapore jewelry & watch market value forecast: $ million, 2023–28

Figure 5: Forces driving competition in the jewelry & watch market in Singapore, 2023

Figure 6: Drivers of buyer power in the jewelry & watch market in Singapore, 2023

Figure 7: Drivers of supplier power in the jewelry & watch market in Singapore, 2023

Figure 8: Factors influencing the likelihood of new entrants in the jewelry & watch market in Singapore, 2023

Figure 9: Factors influencing the threat of substitutes in the jewelry & watch market in Singapore, 2023

Figure 10: Drivers of degree of rivalry in the jewelry & watch market in Singapore, 2023

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Singapore Jewelry and Watch Retail Market Summary, Competitive Analysis and Forecast to 2026

Jewelry & Watch Retail in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– The Jewelry, Watches and Accessories market includes gold jewelry, silver jewelry and other precious jewelry like diamonds, platinum, precious stones (sapphires, emeralds and rubies), pearls (natural and cultured) and semi-precious stones (e.g. quartz, opal, topaz, amethyst, coral etc.), fashion jewelry (non-precious jewelry), hair accessories, belts, hats, gloves, scarves, sunglasses and ties, plus watches.

– The Singaporean jewelry & watches market is forecast to generate total revenues of $3,665.6 million in 2021, representing a compound annual rate of change (CARC) of -1.5% between 2017 and 2021.

– The jewelry & watches segment was the market's most lucrative in 2021, with total revenues of $3,132.0 million, equivalent to 85.4% of the market's overall value.

– In 2020, the Singaporean jewelry market was one of the worst affected markets in the country, mainly due to decline in tourism receipts. In 2021, owing to the opening of the market and removal of travel restrictions the market surged to double-digit growth.

Scope

– Save time carrying out entry-level research by identifying the size, growth, and leading players in the jewelry & watch retail market in Singapore

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the jewelry & watch retail market in Singapore

– Leading company profiles reveal details of key jewelry & watch retail market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the Singapore jewelry & watch retail market with five year forecasts by both value and volume

Reasons to buy

- What was the size of the Singapore jewelry & watch retail market by value in 2022?

- What will be the size of the Singapore jewelry & watch retail market in 2027?

- What factors are affecting the strength of competition in the Singapore jewelry & watch retail market?

- How has the market performed over the last five years?

- How large is Singapore’s jewelry & watch retail market in relation to its regional counterparts?

Companies mentioned

Aspial Corp Ltd

LVMH Moet Hennessy Louis Vuitton SA

Compagnie Financiere Richemont SA

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Category segmentation

1.4. Geography segmentation

1.5. Market rivalry

1.6. Competitive landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

4.3. Market distribution

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?

7.2. What strategies do leading players follow?

7.3. What are the strengths of leading players?

7.4. Have there been any significant mergers/acquisitions in recent years?

8 Company Profiles

8.1. Aspial Corp Ltd

8.2. LVMH Moet Hennessy Louis Vuitton SA

8.3. Compagnie Financiere Richemont SA

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: Singapore jewelry & watches market value: $ million, 2016-21

Table 2: Singapore jewelry & watches market category segmentation: % share, by value, 2016–2021

Table 3: Singapore jewelry & watches market category segmentation: $ million, 2016-2021

Table 4: Singapore jewelry & watches market geography segmentation: $ million, 2021

Table 5: Singapore jewelry & watches market distribution: % share, by value, 2021

Table 6: Singapore jewelry & watches market value forecast: $ million, 2021-26

Table 7: Aspial Corp Ltd: key facts

Table 8: Aspial Corp Ltd: Annual Financial Ratios

Table 9: Aspial Corp Ltd: Key Employees

Table 10: LVMH Moet Hennessy Louis Vuitton SA: key facts

Table 11: LVMH Moet Hennessy Louis Vuitton SA: Annual Financial Ratios

Table 12: LVMH Moet Hennessy Louis Vuitton SA: Key Employees

Table 13: LVMH Moet Hennessy Louis Vuitton SA: Key Employees Continued

Table 14: Compagnie Financiere Richemont SA: key facts

Table 15: Compagnie Financiere Richemont SA: Annual Financial Ratios

Table 16: Compagnie Financiere Richemont SA: Key Employees

Table 17: Singapore size of population (million), 2017–21

Table 18: Singapore gdp (constant 2005 prices, $ billion), 2017–21

Table 19: Singapore gdp (current prices, $ billion), 2017–21

Table 20: Singapore inflation, 2017–21

Table 21: Singapore consumer price index (absolute), 2017–21

Table 22: Singapore exchange rate, 2018–22

List of Figures

List of Figures

Figure 1: Singapore jewelry & watches market value: $ million, 2016-21

Figure 2: Singapore jewelry & watches market category segmentation: $ million, 2016-2021

Figure 3: Singapore jewelry & watches market geography segmentation: % share, by value, 2021

Figure 4: Singapore jewelry & watches market distribution: % share, by value, 2021

Figure 5: Singapore jewelry & watches market value forecast: $ million, 2021-26

Figure 6: Forces driving competition in the jewelry & watches market in Singapore, 2021

Figure 7: Drivers of buyer power in the jewelry & watches market in Singapore, 2021

Figure 8: Drivers of supplier power in the jewelry & watches market in Singapore, 2021

Figure 9: Factors influencing the likelihood of new entrants in the jewelry & watches market in Singapore, 2021

Figure 10: Factors influencing the threat of substitutes in the jewelry & watches market in Singapore, 2021

Figure 11: Drivers of degree of rivalry in the jewelry & watches market in Singapore, 2021

    Pricing

Quick Buy
Add to basket Enquire before buying

Discounts available for multiple purchases.

reportstore@marketline.com
+44 20 7947 2960

Saved reports