Report on Jewellery Industry in Hong Kong

S(trengths) – Foxy Originals has saturated the Canadian market, which presents an opportunity for growth. The two owners have extensive experience in designing jewelry, having done so since they were in high school. They’re good at what they do and have had time to perfect their trade. They also have a firm grasp of who their target market is, so they are able to offer “fresh, fun, and funky” products at a reasonable price. With such a specific product (rather than just general jewelry), it creates a niche market that will generate loyal customers.

The companies that are competing in this industry are Blue Nile, Zales, Tiffany 's, Online Jewelry Stores (Diamonds.com, etc…), and Local Jewelers. The Rivalry among the competing sellers is strong because there are many competitors and they are basically offering the same product. Also, the costs buyers experience when switching brands are low.

My God, am I such a jewelry fanatic! I knew as soon as I saw jewelry I had to write about it. Jewelry is something women and men but mostly women tend to adorn themselves with to either show stature, beauty or just to feel special about themselves. The Jewelry gives a lot of details on where it was made and the interesting designs on the necklace and earrings. Also, because it’s made of real gold and silver any women would be honored to wear such an amazing work of art.

In 1837, a man named Charles Lewis Tiffany founded the company Tiffany, but it was not until 1853 when the same man decided to rename the company Tiffany & Co. and make the switch from being a company that sold stationary objects, to a company that focused on the creation and distribution of luxury jewelry (Agrawal). Since the reconfiguration of the company, and over 150 years later, Tiffany & Co. has transformed from a regular retailor like the well-known Macys, JcPenney’s and Kohl’s, which all offer jewelry for sale, to a distinguished brand that is the leader of the specialty jewelry industry (Tiffany). The quest to becoming such an iconic brand, can be linked to the market structure in which Tiffany & Co. encompasses and how the company surpassed its competitors, maneuvered through the entry barriers, established market power and differentiated its standardized products to its consumers. However, before analyzing the market structure in which they reside one must understand all of the market structures.

The consumption of luxury goods in China is mounting sharply. Not only those born to elite families, but also many common people are greedy for luxury brands (China, a Booming

| U.S market is different in terms of tastes for jewellery. American preferred the latest trend regardless of the product’s origin. It might take foxy some time to adapt to different customers and create new product to compete within that larger market. Foxy may face risk in controlling the business from far; where Foxy’s HQ based in Canada. These means that Foxy Original need to build their

759 STORE established in year 2010, is the retail business of the CEC Group [1] that was set up with reference to the consumer culture of living areas in Japan. It mainly sells snacks, beverages, food and other packaged food and cosmetics which imported from Japan and other regions of the world. In the year, 759 STORE gradually introduced characteristic domestic goods including kitchen supplies and household goods mainly from Japan. Running with high inventory turnover rate, 759 STORE aimed to gJuly 30, 20157/30/2015ive desirable service to vast local Hong Kong residents, providing a relaxing shopping environment with wide range of products for 759 store’s customers to choose.

Hong Kong’s recent reinstatement as the world’s freest economy1 reconfirmed its claim as a central hub for international business travelers. Its exceptional shopping and fine dining opportunities also make it a major tourist Mecca. Hong Kong was especially a unique shopping experience for visitors from China mainland and the world. From glitzy malls to funky street markets, and trendy boutiques to traditional Chinese products stores and themed shopping districts, tourists could find everything to satisfy their shopping fantasies.

Risk is a core reason why other luxury goods companies, with an eye on a Hong Kong listing, have hesitated. Prada was bold in its listing strategy, and that has to be one of the biggest lessons. It is one thing to identify emerging Asia – and China in particular – as the sweet spot of luxury goods opportunity, it is another to act on it

Rolex and Patek Philippe are part of the jewelry and watches market – watches consist of 20.8% of the jewelry

The last problem we highlighted concerns how to increase the number of customers in the mainland China market . First, we believe that the most relevant issue is a survey amongst customers on the Shanghai Tang brand perception and the 5 luxury brands in their top-of-mind, in order to analyze the competitors that the company has to face in the future.

Luxury product sales boost in the emerging marketing like China, which has extraordinary growth and strong potential consumers for the development of luxury goods in the China market. With gradually lower and lower increase of revenue in the European countries, Louis Vuitton (abridged as LV in the following sections) commits itself to set up more stores in China. However, LV is faced with the problems of declining profits in China, which urges it to adjust its entry strategy into the China market. In this case, this report will focus on distinguishing the factors that influence LV’s development in China and

With an annual turnover of around 2.5 billion euros, Sephora is a worldwide brand. Present in China since 2005, the company now has 135 stores in 47 cities. The brand has experienced a rapid development and do not stop there. The brand aims to open more new stores, particularly in the towns of 2nd and 3rd level. Indeed, cosmetic products in China are rapidly expanding. What were the risk and assets of an implantation in China?

Supporting statement from linkedin.com, rough-polished.com (2010) as well indicates that the most important group of jewelry consumers are aging around 45 to 54. Consumer with this age are earning highest income so they can afford expensive jewelry pieces. The latter website is also demonstrating that customer aged 25 to 34 years old should not be neglected by jewelry retailer because they are becoming more important everyday as main bridal jewelry consumers

In the same year, the company acquired the retail network of OyzterBay. In the following year, the company established retail stores under the brand 'Laabh Jewellers'. REL entered into a joint venture agreement with The Muthoot Pappachan Group to retail its products in South India in 2007. In the same year, the company launched retail jewelry store under the brand name, 'Shubh Jewellers'. In 2009, they consolidated “Shubh” and “Laabh” into one named as “Shubh” due to the slump in retail and strain of managing two separate entities. In 2010, the company launched seven SHUBH stores in Bangalore. The company launched jewelry service center under the brand name of 'SHUBH SERVICE CENTER' in 2011. In the same year, REL launched 25 Shubh showrooms in the state of Karnataka. In April 2012, REL launched 20 new SHUBH showrooms in the state of Karnataka. The company launched its 81st retail jewelry showroom in Karnataka under the brand name of SHUBH Jewellers at Chennagiri, in April 2013.