£3.0bn
£XXX.Xm
6,351
1,219
£XXX.Xm
Consumer confidence, disposable incomes, exchange rates and world prices of precious metals all heavily influence the performance of watch and jewellery wholesalers. Purchases of watches and jewellery are considered discretionary, with many customers opting to reign in the spending during tough economic climates. However, the luxury end of the market is remarkably robust to market cycles. Purchase costs for wholesalers can shoot up in periods of economic uncertainty as demand for precious metals rises as they're considered safe investments. The COVID-19 outbreak sparked a drop in demand for wholesalers as many downstream retail outlets had to shut up shop in line with government restrictions. The ban on international (and internal travel, albeit to a lesser extent) dented sales to tourists heavily.
Industry revenue has grown at a CAGR of 1.8 % over the past five years, to reach an estimated £3.0bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue (£m)
2025 |
---|---|---|
The Rolex Watch Company Ltd | 712.0 | |
Rhone Products (UK) Limited | 235.3 | |
The Swatch Group (UK) Ltd | 188.0 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Watch & Jewellery Wholesaling in the UK
Industry revenue is measured across several distinct product and services lines, including Watches and clocks, Imitation jewellery and Fine gold jewellery. Watches and clocks is the largest segment of the Watch & Jewellery Wholesaling in the UK.
Gold prices hit record high in August 2024
Companies in the industry wholesale watches, clocks, fine jewellery and imitation jewellery. These may be manufactured from a variety of raw materials such as gold, silver, platinum, plastic, glass or wood.
Purchase this report to view all 5 major companies in this industry.
SIC 46.48 - Watch & Jewellery Wholesaling in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Gold prices skyrocket amid global conflict. The escalating Ukraine-Russia conflict has seen investors flock to the safety of gold, causing prices to surge to record highs and...
Learn about an industry's products and services, markets and trends in international trade.
Gold prices dip due to easing inflation fears. As worldwide inflationary pressures lessen, UK consumers rejoice in a fall in gold prices, encouraging a resurgence in sales, p...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
London has luxury appeal. London's affluent population and abundant high-end stores present a lucrative platform for wholesalers dealing in premium products.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
High unit prices drive luxury watch market shares. Rolex and Rhone Products (Patek Phillipe) dominate the market thanks to the hefty prices of their premium timepieces.
Learn about the performance of the top companies in the industry.
The Jewellery and Watch Wholesaling industry has a large number of small operators. The largest players tend to be foreign-based producers that distribute their own products ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
There's a tireless fight against conflict diamonds. The Kimberly Process — approved by 123 countries — ensures that diamonds derived from conflict zones are neither cut nor p...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Commodity price fluctuations impact profit. The volatility in precious metals prices, driven by world events like the Russia-Ukraine conflict, significantly affects wholesale...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the UK include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Watch & Jewellery Wholesaling in the UK industry in United Kingdom is £3.0bn in 2024.
There are 1,219 businesses in the Watch & Jewellery Wholesaling in the UK industry in United Kingdom, which has declined at a CAGR of 0.3 % between 2019 and 2024.
The market size of the Watch & Jewellery Wholesaling in the UK industry in United Kingdom has been growing at a CAGR of 1.8 % between 2019 and 2024.
Over the next five years, the Watch & Jewellery Wholesaling in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Watch & Jewellery Wholesaling market in United Kingdom are The Rolex Watch Company Ltd, Rhone Products (UK) Limited and The Swatch Group (UK) Ltd
Watches and clocks and Imitation jewellery are part of the Watch & Jewellery Wholesaling in the UK industry.
The company holding the most market share in United Kingdom is The Rolex Watch Company Ltd.
The level of competition is high and steady in the Watch & Jewellery Wholesaling in the UK industry in United Kingdom.