Jewellery is projected to register only modest current value growth and a decline in volume terms in the early forecast period. This will be largely due to an expected slowdown in the growth of fine jewellery as consumer demand eases from the high levels observed in 2021 and 2022 when local consumers, restricted from spending on things like travel, chose to invest in jewellery as a form of self-indulgence.
Jewellery in Canada is characterised by its highly fragmented nature, something that is projected to persist throughout the forecast period. The landscape comprises a diverse mix of domestic and international players, along with independent and ‘mom and pop’ jewellers.
E-commerce is expected to continue growing in the forecast period even as consumers return to brick-and-mortar stores in greater numbers. During the pandemic, consumers and retailers both eagerly shifted to e-commerce, even for high-priced purchases.
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Understand the latest market trends and future growth opportunities for the Jewellery industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Jewellery
Jewellery is a kind of personal adornment usually made with various precious and semi-precious materials such as gemstones, precious metals, beads, glass, and shells. Jewellery is segmented as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.
See All of Our DefinitionsThis report originates from Passport, our Jewellery research and analysis database.
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