Importance of Jewelry & Watches Industries in B2B and B2C Marketplace
Industry Analysis & Trends:
Due to the recession the jewelry industry is facing a lot of challenges with respect to consumer’s response and investor’s investment. Now due to the increasing demand for premium decorative wedding jewelry sets, the industry is growing once again. The increasing buyers demand for luxury products causes branded jewelry stores to increase their prices. The jeweler stores are making unique timepieces, plated gold and silverware, sterling’s, bands etc. However, the fine custom made jewelry has also attained buyer’s attention in the jewelry industry. The jewelry online shopping has also opened new avenues for the buyers to purchase diamond rings, gold, white gold ring, waterproof watches, wedding bands. The watch manufacturers and suppliers are not only catering to the female segments but are also designed decorative ornaments for men. Considering the importance of Jewelry and watches industries in the B2B and B2C market the gold jewelry suppliers are investing a lot in both segments due to the profit margin.
Industry SWOT Analysis:
In the past five years, only notable players exist in the jewelry industry due to major economic downturn. However, the Jewelry Stores industry is in the growth phase of its life cycle and a substantial growth is expected over the next five years to 2018. This is keeping the industry afloat. The jewelry and watch companies are significantly contributing to the overall economy at an average annual rate of 1.7%. On the other hand the hand the GDP is estimated to grow about 2.1% per year. Overall the jewelry manufactures and suppliers are formulating effective marketing strategies to target the niche segment in the B2B segment to reach an average annual rate of 1.8% between 2008 and 2018. The jewelry and watches directories are also maintained by jewelry manufacturers and suppliers to provide guidance to online visitors.
Knock Knock- What’s Going on in Your Neighborhood:
In China a lot of emphasis is made on jewelry industry marketing where the main focus is on quality, different design, professional brand image, traditional Chinese culture and the internet sources altogether create an essence for their jewelry products. The jewelry manufacturers and suppliers in Countries like USA, INDIA, PAKISTAN, UK and EU are resorting to remarkable marketing tactics and strategies to attain excellence.
Sawdagger: A Service Provider:
The available online sources to sale and purchase jewelry are limited; Sawdagger is facilitating the wholesalers and suppliers to purchase the best available jewelry designs of renowned jewelers from this platform. The buyers, wholesalers, suppliers have this additional benefit to target the customers globally through their diverse product offerings. We provide you with the trading directory of verified manufacturers, wholesalers and suppliers from where you can choose the best suited design for yourself. If you are a seller, you can post your product portfolio and if you are a buyer you can purchase all what you want at excellent prices.