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Manufacture Jewellery Related Articles South Africa

The Manufacture of Jewellery and Related Articles in South Africa 2023

Michael Felton | South Africa | 26 July 2023

Manufacture of Jewellery and Related Articles Industry in South Africa 2019

Helmien Van den Berg | South Africa | 29 May 2019

Manufacture of Jewellery and Related Articles Industry in South Africa 2015

Tasneem Rajah | South Africa | 09 February 2015

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Report Coverage

This report focuses on the manufacture of jewellery and related articles in South Africa and includes information on precious metal production, beneficiation and jewellery fabrication, exports, notable players, corporate actions, regulation and influencing factors. There are profiles of 19 companies including retailers like American Swiss and Sterns, manufacturers such as Oro Africa, Richline and Uwe Koetter and coin producers including the South African Mint Company and Universal Mint.

The Manufacture of Jewellery and Related Articles in South Africa

South Africa is a significant producer of gold, diamonds and platinum. Despite the country’s wealth of resources, the jewellery manufacturing industry remains small and South Africa has a long history of failing to beneficiate and add value to its raw minerals. Jewellery manufacture and retail sales decreased marginally in 2022, but strong revenue growth is expected in 2023. Although many initiatives have been implemented to encourage competitiveness and to increase beneficiation, growth in this highly regulated industry is hampered by the lack of new entrants, a shortage of skilled labour and challenging trading conditions.

Key Trends

Jewellery demand and sales fluctuate due to various factors such as economic conditions, global market trends, consumer preferences and exchange rates. There is growing demand for sustainably and ethically-sourced materials and traceability and transparency throughout the supply chain. Customers are seeking unique and personalised jewellery pieces and there is increased jewellery spending by fewer but more affluent buyers. There is a growing appreciation for local artisans and craftsmanship.

Africa

While Africa is rich in natural resources, the continent has historically been known for raw material extraction and exports. However, there has been a shift towards value addition and local jewellery manufacturing in recent years. Countries such as South Africa, Botswana, Namibia and Tanzania have established jewellery manufacturing hubs and have attracted investment in this sector. There are many artisanal and small-scale miners on the continent that contribute to the jewellery supply chain. There is growing recognition of African jewellery for its quality, craftsmanship, and unique designs. Jewellery exports rose in 2022, but remain relatively small.

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The Manufacture of Jewellery and Related Articles in South Africa 2023

Full Report

R 20 000.00(ZAR) estimated $1055.64 (USD)*

Industry Overview

R 14 000.00(ZAR) estimated $ 738.95 (USD)*

Industry Organogram

R 450.00(ZAR) estimated $ 23.75 (USD)*

Historical Reports

Manufacture of Jewellery and Related Articles Industry in South Africa 2019-05-29

R 1 900.00(ZAR) estimated $100.29 (USD)*

View Report Add to Cart

Manufacture of Jewellery and Related Articles Industry in South Africa 2015-02-09

R 1 900.00(ZAR) estimated $100.29 (USD)*

View Report Add to Cart

Table of Contents

[ Close ]
PAGE
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Industry Value Chain 6
2.2. Geographic Position 8
2.3. Size of the Industry 9
3. LOCAL 16
3.1. State of the Industry 16
3.2. Key Trends 20
3.3. Key Issues 20
3.4. Notable Players 21
3.5. Trade 23
3.6. Corporate Actions 28
3.7. Regulations 29
3.8. Enterprise Development and Social Development 32
4. AFRICA 34
5. INTERNATIONAL 38
6. INFLUENCING FACTORS 44
6.1. Unforeseen Events 44
6.2. Economic Environment 45
6.3. Labour 46
6.4. Crime 48
6.5. Illegal Mining and Illicit Dealing in Precious Metals and Diamonds 48
6.6. Infrastructure 49
6.7. Cyclicality 49
6.8. Environmental Issues 49
6.9. Technology, R&D, Innovation 50
6.10. Government Support and Initiatives 51
6.11. Input Costs 52
7. COMPETITIVE ENVIRONMENT 52
7.1. Competition 52
7.2. Ownership Structure of the Industry 53
7.3. Barriers to Entry 54
8. INDUSTRY SUMMARY 54
9. OUTLOOK 55
10. INDUSTRY ASSOCIATIONS 56
11. REFERENCES 57
11.1. Publications 57
11.2. Websites 57
APPENDIX 1 59
Summary of Notable Players 59
COMPANY PROFILES 63
ANPA Jewels CC 63
Big Six Statement Solution (Pty) Ltd 64
Browns The Diamond Store (Pty) Ltd 66
Cape Mint (Pty) Ltd (The) 68
Daberon Manufacturers (Pty) Ltd 69
De Beers Consolidated Mines (Pty) Ltd 70
Foschini Group Ltd (The) 73
Gold Reef City Mint (Pty) Ltd 78
Granadilla Advisory (Pty) Ltd 80
Jenna Clifford Designs (Pty) Ltd 81
Metal Concentrators SA (Pty) Ltd 83
Oro Africa (Pty) Ltd 85
Rand Refinery (Pty) Ltd 87
Richline SA (Pty) Ltd 90
Shimansky Collection (Pty) Ltd 91
South African Mint Company (RF) (Pty) Ltd 93
Studio C Manufacturing Jewellers (Pty) Ltd 95
Universal Mint South Africa (Pty) Ltd 97
Uwe Koetter CC 98

Report Coverage

This report focuses on the manufacture of jewellery and related articles in South Africa. It includes information on the state of the industry and the factors influencing its success, as well as information on continental and global trends. There are comprehensive profiles of 21 companies including significant players in which Anglogold Ashanti has a stake, Oro Africa and Rand Refinery. The South African Mint and a number of mint companies are profiled, as well as manufacturer/retailers such as Shimansky, Browns The Diamond store and Taste Holdings Luxury Goods Division, which owns NWJ and Arthur Kaplan.

Manufacture of Jewellery and Related Articles

South Africa is one of the largest producers of gold, diamonds and platinum in the world. Despite the wealth of these resources, its jewellery manufacturing industry remains small. Jewellery manufacturer’s sales grew 4.1% to R5.3bn in 2017/2018. Although many initiatives have been implemented to encourage competitiveness and to increase beneficiation, growth is hampered in this highly regulated industry by the lack of new entrants, a shortage of skilled labour, challenging trading conditions and a growing and more efficient industry in other countries.

Sophisticated Technology

The jewellery manufacturing industry is becoming increasingly automated and sophisticated technology and machinery is increasingly used in the industry, including for grading of diamonds, sorting, measurement, cutting and polishing. Blockchain technology is being used to secure the diamond pipeline using tracking programmes such as Tracr, Everledger, TrustChain and Clara. The jewellery industry in South Africa also has a strong online presence, although buyers continue to prefer to shop in-store, using the internet primarily as a tool to gather information.

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Manufacture of Jewellery and Related Articles Industry in South Africa 2019

Full Report

R 1 900.00(ZAR) estimated $100.29 (USD)*

Industry Overview

R 1 330.00(ZAR) estimated $ 70.20 (USD)*

Historical Reports

The Manufacture of Jewellery and Related Articles in South Africa 2023-07-26

R 20 000.00(ZAR) estimated $1055.64 (USD)*

View Report Add to Cart

Manufacture of Jewellery and Related Articles Industry in South Africa 2015-02-09

R 1 900.00(ZAR) estimated $100.29 (USD)*

View Report Add to Cart

Table of Contents

[ Close ]
PAGE
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Geographic Position 5
3. SIZE OF THE INDUSTRY 6
4. STATE OF THE INDUSTRY 6
4.1. Local 6
4.1.1. Corporate Actions 11
4.1.2. Regulations 11
4.1.3. Enterprise Development and Social Economic Development 13
4.2. Continental 14
4.3. International 17
5. INFLUENCING FACTORS 19
5.1. Economic Environment 19
5.2. Input costs 19
5.3. Cyclicality 19
5.4. Labour 20
5.5. Environmental Concerns 21
5.6. Technology, Research & Development (R&D) and Innovation 22
5.7. Regulation 23
5.8. Illegal Mining and Theft 23
5.9. Information Technology (IT) and Innovation 24
6. COMPETITION 25
6.1. Barriers to Entry 25
7. SWOT ANALYSIS 26
8. OUTLOOK 27
9. INDUSTRY ASSOCIATIONS 27
10. REFERENCES 27
10.1. Publications 27
10.2. Websites 28
APPENDIX 1 29
Summary of Notable players 29
COMPANY PROFILES 32
ANPA JEWELS CC 32
BIG SIX STATEMENT SOLUTION (PTY) LTD 34
BROWNS THE DIAMOND STORE (PTY) LTD 36
CAPE MINT (PTY) LTD (THE) 38
DABERON MANUFACTURERS (PTY) LTD 40
GOLD REEF CITY MINT (PTY) LTD 41
GOLDMASTER JEWELLERY (PTY) LTD 43
GRANADILLA ADVISORY (PTY) LTD 45
JENNA CLIFFORD DESIGNS (PTY) LTD 46
NEWMAN JEWELLERY DESIGN CC 48
ORO AFRICA (PTY) LTD 49
ORPHEO (PTY) LTD 51
RAND REFINERY (PTY) LTD 53
RICHLINE SA (PTY) LTD 56
SHIMANSKY COLLECTION (PTY) LTD 57
SILPLAT (PTY) LTD 59
SOUTH AFRICAN MINT COMPANY (RF) (PTY) LTD 61
STUDIO C MANUFACTURING JEWELLERS CC 63
TASTE HOLDINGS LUXURY GOODS DIVISION (PTY) LTD 65
UNIVERSAL MINT SOUTH AFRICA (PTY) LTD 69
UWE KOETTER CC 70

Report Coverage

The Manufacture of Jewellery describes the domestic sector, highlights current conditions, including government initiatives to promote local beneficiation, and discusses factors influencing the success of the industry. The report profiles 23 role players including the South African Mint Company (RF) (Pty) Ltd, the country’s leading coin maker, which mints legal South African tender and supplies blank coins to other countries. Also profiled are the three largest jewellery manufacturers, OroAfrica, Silplats, and NWJ Fine Jewellery (Pty) Ltd owned by Taste Holdings, which manufactures up to 45% of its products at its manufacturing facility in KwaZulu-Natal.

Manufacture of Jewellery

South Africa is recognised as the wealthiest mineral jurisdiction in the world, but only an estimated 5% of the country’s gold is beneficiated locally to coins and jewellery production. The value of the local jewellery market is estimated at R2bn with 80% of commercial jewellery being imported. Jewellery manufacturing is often combined with the wholesale or retail sale of jewellery products and the Jewellery Council, situated in Johannesburg, plays a diverse role in representing the interests of wholesalers, manufacturers and retailers.

Challenges and Opportunities

This highly regulated industry is operating in an environment characterised by challenging trading conditions, rising input costs, decreasing disposable incomes and cheaper imports. Between 2004 and 2013 the value of imports increased from R280m to more than R1bn. In the same period, the number of jewellery permit holders decreased by almost 70%, from 2,600 to 875, and employment in the manufacturing sector halved. However, opportunities do exist. Hong Kong has been identified as an important potential export market for South African jewellers because there are no duties on jewellery imports. China is also an important export market, especially as the world’s second-largest economy has an affluent growing middle class with an appetite for jewellery.

Read More..
Manufacture of Jewellery and Related Articles Industry in South Africa 2015

Full Report

R 1 900.00(ZAR) estimated $100.29 (USD)*

Industry Overview

R 1 330.00(ZAR) estimated $ 70.20 (USD)*

Industry Organogram

R 450.00(ZAR) estimated $ 23.75 (USD)*

Historical Reports

The Manufacture of Jewellery and Related Articles in South Africa 2023-07-26

R 20 000.00(ZAR) estimated $1055.64 (USD)*

View Report Add to Cart

Manufacture of Jewellery and Related Articles Industry in South Africa 2019-05-29

R 1 900.00(ZAR) estimated $100.29 (USD)*

View Report Add to Cart

Table of Contents

[ Close ]
PAGE
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Industry Supply Chain 2
2.2. Geographic Position 4
3. SIZE OF THE INDUSTRY 5
4. STATE OF THE INDUSTRY 8
4.1. Local 8
4.1.1. Corporate Actions 11
4.1.2. Regulations 11
4.1.3. Enterprise Development and Social Economic Development 13
4.2. Continental 14
4.3. International 15
5. INFLUENCING FACTORS 17
5.1. Government Support 17
5.2. Economic Environment 18
5.3. Labour 19
5.4. Information Technology 20
5.5. Cyclicality 21
5.6. Environmental Concerns 21
6. COMPETITION 22
6.1. Barriers to Entry 22
6.2. Technology, Research and Development and Innovation 23
6.2.1. Technology 23
6.2.2. Research and Development (R&D) 23
6.2.3. Innovation 24
7. SWOT ANALYSIS 26
8. OUTLOOK 27
9. INDUSTRY ASSOCIATIONS 27
10. REFERENCES 28
10.1. Publications 28
10.2. Websites 28
ORGANOGRAM 3921A 29
Jewellery Manufacturers 29
COMPANY PROFILES 31
ANDREAS SALVER MANUFACTURING JEWELLERS CC 31
ANPA JEWELS CC 33
B MILLER & CO 34
BIG SIX DIAMOND DEALERS (PTY) LTD (THE) 35
DABERON MANUFACTURERS (PTY) LTD 37
GOLDMASTER JEWELLERY (PTY) LTD 38
JENNA CLIFFORD DESIGNS (PTY) LTD 40
LIONS HEAD CURIOS (PTY) LTD 42
NWJ FINE JEWELLERY (PTY) LTD 44
OLGA JEWELLERY WATERFRONT CC 49
ORO AFRICA (PTY) LTD 51
ORPHEO (PTY) LTD 53
RICHLINE SA (PTY) LTD 55
SHIMANSKY COLLECTION (PTY) LTD 57
SILPLAT (PTY) LTD 59
SIMON EFUNE MANUFACTURING JEWELLERS CC 61
STUDIO C MANUFACTURING JEWELLERS CC 63
UWE KOETTER CC 65
ORGANOGRAM 3921B 67
Gold Coin Manufacturers 67
COMPANY PROFILES 68
CAPE MINT (PTY) LTD (THE) 68
GOLD REEF CITY MINT CC 70
RAND REFINERY LTD 72
SOUTH AFRICAN MINT COMPANY (RF) (PTY) LTD 76
UNIVERSAL MINT (PTY) LTD 78