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New! Precious Metal Jewelry Market
Japan is the third largest jewelry market in the world after the United States and China. Jewelry retail sales in Japan in 2012 totaled US$10.16 billion1. Imported jewelry accounted for 28.8 percent of the market1in 2012. The United States is the largest supplier of precious metal jewelry2products, with a 27.8 percent share of imports3, and has also been the top supplier of silver and platinum jewelry in recent years. Japan continues to be a highly competitive, but attractive, market for unique and fashionable jewelry products with a good brand image.
The Japanese economy returned to positive growth in 2012, with GDP up by 2%. Consumers continued to be price conscious when buying luxury goods. However, the recovery was supported by an increase in the consumption of goods across many industries after the decline caused by the Great East Japan Earthquake which disrupted the economy in 2011.
Unit Chief: Kevin Chambers