Indonesia Sourcing: Silver jewelry 2018

Indonesia Silver jewelry

 

In Indonesia Sourcing: Silver jewelry 2018, buyers can find:

Verified exporters – 21 featured suppliers offering various types of silver jewelry

Products – Full-color images with specifications & prices

Supply market intelligence – Supply centers, industry trends, challenges, production and pricing

Export data – Indonesia-wide details and survey results from featured exporters

To read the full report, click on the section tabs below.

Sector highlightsSuppliers & productsIndustry overviewProduct featuresSupplier surveyPDF downloadSupplier list

Indonesia Sourcing: Silver jewelry 2018 Sector highlights

Industry overviewProduct featuresSupplier survey
  • India exported nearly $4.1 billion worth of jewelry, with silver designs accounting for less than 1 percent of the export value.

  • The country ranked as the 16th largest producer of silver in 2016, according to the World Silver Survey 2017 report.

  • Indonesia is home to more than 30,000 jewelers.



  • Sterling silver or 925 silver is commonly used.

  • Designs range from simple pieces with few embellishments, to models with intricate filigree or engraved patterns.

  • Most production steps are typically done in-house.



  • Most companies are optimistic of export sales growth in 2018.

  • Upcoming releases will feature ethnic motifs in coming months.

  • North America and the Asia-Pacific region will be key export destinations.


Indonesia Sourcing: Silver jewelry 2018 Suppliers & products

indonesia-silver jewelry-banner

Indonesia Sourcing: Silver jewelry 2018

• Earrings • Bracelets • Necklaces & pendants • Rings

Our team has visited all Indonesia manufacturers featured here to verify their export capability. Each has a website on GlobalSources.com with full company details, product images with specifications, manufacturing capability and complete contact details.

Click suppliers’ names below to view their full profiles and product offerings on GlobalSources.com.

Sections


Products

Below is a selection of products from our featured suppliers. Click on the images to find more products and supplier information.

For a complete listing of the featured suppliers, click here.

Bracelets   
Indonesia-silver-jewelryIndonesia-silver-jewelryIndonesia-silver-jewelryIndonesia-silver-jewelry"
Earrings    
Indonesia-silver-jewelryIndonesia-silver-jewelryIndonesia-silver-jewelryIndonesia-silver-jewelry
Necklaces and pendants    
Indonesia-silver-jewelryIndonesia-silver-jewelryIndonesia-silver-jewelryIndonesia-silver-jewelry
Rings    
Indonesia-silver-jewelryIndonesia-silver-jewelryIndonesia-silver-jewelryIndonesia-silver-jewelry

Indonesia Sourcing: Silver jewelry 2018 Industry overview

Indonesia Sourcing: Silver jewelry Industry Overview

Indonesia Sourcing: Silver jewelry 2018

• Earrings • Bracelets • Necklaces & pendants • Rings

This section discusses key issues affecting export manufacturers in Indonesia, offering insight into industry composition and important supply centers.

Indonesia footwear exportsCompetitive advantagesChallengesIndustry composition
  • Indonesia is one of the top 10 exporters of jewelry and parts containing precious metal.


  • The country sent abroad nearly $4.1 billion worth of products, with silver designs accounting for less than 1 percent of the export value.


  • From January to November 2017, exports of the products amounted to $59.6 million.


  • The country ranked as the 16th largest producer of silver in 2016, according to the World Silver Survey 2017 report.


  • Silversmiths practice traditional techniques that produce unique designs.


  • Government initiatives to support MSMEs also benefit the silver jewelry industry.


  • Competition in and out of the country is tight.


  • Monthly minimum wages went up by about 8 percent starting January 2018.


  • Many companies also struggle with having limited financial resources for marketing.


  • Indonesia is home to more than 30,000 jewelers.


  • Small and midsize makers account for the majority of the silver jewelry industry.


  • Bali and Java islands are among the key production hubs.

Indonesia is one of the world’s top exporters of jewelry and parts containing precious metal. In 2016, it ranked no. 10, with nearly $4.1 billion worth of products sent overseas under HS code 7113, according to figures from the DESA/UNSD, United Nations Comtrade database.

Silver designs shipped abroad under HS code 711311 accounted for less about 1 percent of the value. The US was the largest importer, with products sent to that market accounting for over $21 million, or 37 percent. Products sent to Singapore contributed nearly $12.1 million, or 21 percent. The other top importers were Germany, Hong Kong, Thailand and the Netherlands.

Indonesia’s exports of jewelry and parts from January to November 2017 amounted to about $2.6 billion, based on data from Badan Pusat Statistik (BPS – Statistics Indonesia). Overseas sales of silver models accounted for $59.6 million, or 2 percent.

Indonesia silver jewelry Industry Overview Exports

Competitive advantages

Having a domestic source of silver is one of the advantages of Indonesia’s silver jewelry industry, allowing makers to minimize sourcing expenses. The country is one of the major producers of silver, ranking 16th in 2016, according to the World Silver Survey 2017 report produced for The Silver Institute by the GFMS Team at Thomson Reuters.

Indonesia is also home to mines that produce gold, copper, tin, nickel and other minerals. Various gemstones, including diamond, citrine, opal, amethyst and jasper, are domestically available as well.

Being home to silversmiths who use techniques inherited from previous generations is another point in the local industry’s favor, as this enables the creation of designs that are unique to a locality. Javanese craftsmen are known for fine filigree work, while those in Bali are recognized for granulation.

Indonesia’s jewelry makers also benefit from government initiatives to encourage foreign investment and support small and midsize businesses. The Credit for Businesses (Kredit Usaha Rakyat) program, for instance, provides MSMEs and cooperatives access to credit, working capital and investment financing. In terms of marketing support, the Ministry of Trade helps promote Indonesia-made jewelry through trade missions and exhibitions.

Challenges

Competition in the domestic and international scene is tight, especially with online shops making it easier for buyers to compare products and prices. Silver jewelry suppliers not only compete with each other but also with producers of other types of jewelry.

Makers offering handcrafted designs also find themselves competing with suppliers of machine-produced items, which can be manufactured in bulk, released faster and priced lower. Producing 300 to 400 pieces using traditional techniques can take two to three weeks, and models with complex filigree work may take longer.

Amid the intense competition, increases in raw material and labor costs are major concerns. Rates for silver fluctuate depending on the world market. The upward trend in labor-related expenses continues, with monthly minimum wages across the country having gone up about 8 percent starting January 2018.

Small and midsize companies, which make up the majority of the industry, also face the challenge of having limited financial resources to invest in marketing or expansion.

Documentation required to produce and export silver is also a concern among suppliers. Suppliers of silver jewelry and other mining products need to obtain a document from the government allowing them to export such items. This can take time and adds to operating expenses.

Industry composition

Indonesia has more than 30,000 jewelry suppliers in 2015, Metro TV News reported in June 2016, citing the Ministry of Industry.

Makers operating on a small scale typically have fewer than 20 workers and their monthly output does not exceed 10,000 pieces. These companies usually generate less than $100,000 in annual sales.

Midsize makers can have staff of up to 100. They can produce more than 10,000 pieces per month and their yearly revenue can reach $800,000.

Suppliers with larger workforces and factories can typically roll out 30,000 or more pieces each month. The annual revenue of these companies usually exceeds $800,000.

Bali and Java, and the provinces of Jakarta, Yogyakarta, South Kalimantan, Western Nusa Tenggara, and North and South Sulawesi are the key production hubs for silver crafts.

Supplier location map

The highlighted areas on the map show the locations of the head offices and factories of the silver jewelry suppliers featured in this report.

Indonesia Silver jewelry Industry Overview Locations Map

Indonesia Sourcing: Silver jewelry 2018 Product features

Indonesia Sourcing: Silver jewelry Suppliers and Products

Indonesia Sourcing: Silver jewelry 2018

• Earrings • Bracelets • Necklaces & pendants • Rings

This section offers information on how trends in materials, design and manufacturing are impacting prices offered by Indonesia silver jewelry suppliers.

Buyers can also learn more about the materials used and the common price ranges of certain designs.

Sections


Materials & designsManufacturing & QCPricing
  • Sterling silver or 925 silver is commonly used.

  • For embellishments, many jewelry makers turn to colorful gemstones from Indonesia’s various islands.

  • Designs range from simple pieces with few embellishments, to models with intricate filigree or engraved patterns

  • Most production steps are typically done in-house.

  • Many steps are done using hand tools instead of by machines.

  • The QC process usually includes checking that the inputs used and the final products comply with customer specifications.

  • Silver jewelry is typically priced based on types and amount of metal used, the latter of which is usually determined by weight.

  • The complexity of the silver work and other design details push up quotes.

  • High-end pieces use sterling silver and often feature more decorative elements and intricate details.


Materials & designs

Silver jewelry articles from Indonesia include earrings, necklaces, pendants, bracelets, rings and brooches. Makers typically use sterling silver, or 925 silver, which is an alloy that is 92.5 percent silver mixed with copper or another metal for strength. Silver-plated designs are usually made of copper and alloys.

A number of suppliers also offer models in German silver or nickel silver, which is a combination of copper, nickel and zinc.

Manufacturers procure raw silver or sterling silver from ANTAM, a state-invested metals and mining company, or via other vendors. Copper is typically sourced from the province of Papua and the island of Sulawesi, while alloys are often from Java and Sulawesi.

Gold, which is used as an accent is some pieces, is sourced from the islands of Java, Sumatra and Kalimantan.

For embellishments, many jewelry makers turn to colorful gemstones such as turquoise, opal, jade and agate, which are typically procured from Kalimantan, Java, Sumatra and Bali.

Suppliers are also adopting ornaments made of environment-friendly materials such as bamboo, recycled wood and coconut shells, which are also available domestically.

Filigree and solid silver options are offered. Filigree designs make use of silver wire and beads to form different designs, while solid silver craft are made from metal bars.

Designs range from simple pieces with few embellishments, to antique- or vintage-inspired designs with intricate filigree or engraved patterns, and stone accents.

Traditional handcrafted pieces usually highlight Balinese, Javanese and other ethnic motifs. Batik patterns such as kawung and parang, for instance, are adopted across the various product categories.

Nature-inspired designs such as those depicting animals and flowers are also common. Releases from featured suppliers include those with silver work in the shape of leaves, flowers and snakes.

Religious themes are adopted as well. Runa Jewelry’s collection includes pendants that feature Dewi Sri, the Balinese rice goddess.

Modern designs, meanwhile, typically feature geometric forms.

Manufacturing & QC

Most production steps are typically done in-house, unless orders exceed capacity.

Raw material preparation, which involves producing wires or sheets from silver bars, and casting are the stages that typically require the use of machines. For other processes, hand tools such as tweezers, hammers and files are typically used.

Intricate parts of silver jewelry are assembled using tweezers, while patterns are outlined and formed using a hammer. Details such as concentric circles of thin silver wire and raised silver balls are carefully assembled using tweezers, while surface patterns are outlined with a pencil and formed using a hammer and a nail.

Locks, hooks and clasps are soldered onto the products. The edges are smoothened with a filing tool or placed in a machine with abrasive powder and polished manually with a buff.

The QC process usually includes checking that the inputs used and the final products comply with customer specifications. Most companies have up to five inspectors.

Production lead time is typically four weeks from order confirmation.

Pricing

Silver jewelry is typically priced based on types and amount of metal used, the latter of which is usually determined by weight. The complexity of the silver work and other design details push up quotes.

Models at the low end of the price range include silver-plated pieces or designs with only a minimal amount of sterling silver. Beads and other decorative elements are often made of seashells or resin.

Designs at the midrange are made of sterling silver. Models can be fitted with pearls, crystals or semiprecious stones., or feature engraved patterns.

High-end pieces use sterling silver and often feature more decorative elements and intricate details. Precious and semiprecious stones such as onyx and amethyst are common decorative elements.

Price guide

Price guide: Bracelets
Less than $15
Bangle or cuff bracelet; sterling silver; plain design or with filigree work
$15 to $30
Bangle or chain bracelet; sterling silver; pearl or gemstone embellishment
More than $30
Cuff or snake-chain bracelet; sterling silver; gemstone or Swarovski crystal embellishment

Click image to enlarge.

Indonesia Silver jewelry product features Typical Components of casual silver jewelry

Price guide: Earrings
Less than $10
Stud, drop or dangle earrings; sterling silver; with resin, seashell, coconut shell or bamboo embellishments
$10 to $15
Stud, drop or dangle earrings; sterling silver; filigree work; seashell or gemstone embellishments
More than $15
Stud, hoop or drop earrings; sterling silver; filigree work; diamond, gemstone or Swarovski crystal embellishments

Indonesia sourcing silver jewelry product features Typical Component of formal silver jewelry

Price guide: Chain necklaces
Less than $25
Sterling silver chain; filigree work; handcrafted bone pendant; collar, choker or princess length
$25 to $50
Sterling silver chain; filigree work; handcrafted bone pendant; collar, choker or princess length
More than $50
Sterling silver chain; filigree work; gemstone pendant; various lengths

Indonesia sourcing silver jewelry product features Typical Component of formal silver jewelry

Price guide: Rings
Less than $10
Sterling silver; plain design; 15 to 25mm in diameter; weighs 2 to 4g
$10 to $15
Sterling silver; etched or engraved pattern or initials; with mabé pearl; 15 to 25mm diameter; weighs 4 to 6g
More than $15
Sterling silver; with diamond, gemstone or Swarovski crystal; 15 to 25mm diameter; weighs at least 4g

Indonesia sourcing silver jewelry product features Typical Component of formal silver jewelry

Indonesia Sourcing: Silver jewelry 2018 Supplier survey

Indonesia Sourcing: Silver jewelry Supplier Survey

Indonesia Sourcing: Silver jewelry 2018

• Earrings • Bracelets • Necklaces & pendants • Rings

To give buyers first-hand information from active silver jewelry exporters in Indonesia, we have surveyed the manufacturers featured on this site.

Export pricesExport markets & salesProduct trendsChallenges
  • The majority of companies expect prices to go up in coming months due to higher production costs.

  • Many of the companies planning to raise prices will keep adjustments within five percent.

  • Eighteen percent of the surveyed companies see quotes increasing by more than 10 percent.

  • Of interviewed suppliers, 67 percent are optimistic export sales will increase in 2018.

  • About one-third of the surveyed companies see overseas sales remaining at current levels.

  • North America and the Asia-Pacific region will be key export destinations in the next 12 months.

  • Designs featuring ethnic motifs are expected to be on trend in coming months.

  • Several suppliers intend to expand their collection of modern-style and simple pieces.

  • Models featuring eco-friendly components are also expected to be released.

  • Most suppliers are concerned about price competition and rising production costs.

  • Labor-related costs are on an upward trend as minimum wages continue to rise.

  • Design piracy, and the time and cost involved in obtaining required documentation also remain key challenges.

Export prices

Many suppliers expect to increase silver jewelry prices in the next six months. Among 21 surveyed enterprises, 52 percent plan to raise quotes due to the higher production costs. The remaining companies plan to keep prices at current levels.

Of the suppliers planning to increase prices, 46 percent intend to keep adjustments within 5 percent, while 36 percent will be pushing up quotes by 6 to 10 percent. The remaining companies are planning higher increases.

Indonesia Silver jewelry Survey Export Prices

Export markets & sales

Most makers have a positive outlook on 2018 sales, expecting their increased online presence through B2B sites, online shops and social media to generate additional orders. Of the surveyed suppliers, 38 percent are optimistic that overseas sales will increase 11 to 20 percent, while 29 percent see growth of up to 10 percent.

About one-third of the survey respondents, however, see export sales remaining at current levels due to price competition.

Most suppliers will be targeting North America and the Asia-Pacific region in coming months because they already have clients in these areas and are therefore familiar with the market. The rest intend to strengthen their foothold in EU, the Middle East and non-EU member countries.

Antique and vintage styles, which typically feature Balinese and other ethnic motifs, are expected remain a strong trend in upcoming releases. Among surveyed suppliers, 52 percent will be coming out with such designs since these appeal to buyers looking for uniquely Indonesia products.

Indonesia silver jewelry Supplier Survey Export Forecast

A number of suppliers will be adopting geometric forms in their pieces for a modern look. Some companies anticipate simple styles will remain popular.

Environment-friendly materials such as bamboo, recycled wood and coconut shells are also expected to be seen in silver jewelry.

Challenges

Price competition and factors pushing up quotes are still the main concerns of the industry, according to our survey.

Rivalry among silver jewelry makers in and out of the country is tight. Indonesian’s handcrafted silver jewelry also face competition from mass-produced items, which are typically priced lower and manufactured quicker.

Amid the intense competition in the industry, makers are wary of any increase in production cost. Among survey respondents, 24 percent indicated raw material costs or availability as their main concern. For 19 percent of the featured companies, higher labor-related expenses due to rising minimum wages are the major challenge.

Indonesia Silver jewelry Survey Key Findings

Makers also continue to face challenges related to design piracy and obtaining documents necessary for production and exports.

Design piracy has long been considered a problem, but not something that suppliers believe they can control. For buyer-specified designs, makers sign an agreement not to publish images of the products to avoid this issue.

Jewelry suppliers typically purchase silver through ANTAM to ensure that they are using materials from a verified source. Exporters are required to obtain a license and an export approval letter from the Ministry of Trade through the Directorate of Export Industry and Mining Product, and this process can be time-consuming and costly.

Indonesia Sourcing: Silver jewelry 2018 PDF download

Indonesia Sourcing: Silver jewelry

Indonesia Sourcing: Silver jewelry 2018

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Supplier & products

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  • Products
  • Indonesia silver jewelry suppliers

Industry overview

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  • Highlights
  • Competitive advantages
  • Challenges
  • Industry composition
  • Indonesia silver jewelry suppliers

Chart


  • Silver jewelry exports
  • Supplier locations map

Product features

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  • Highlights
  • Materials & designs
  • Manufacturing & QC
  • Pricing
  • Price guide
  • Indonesia silver jewelry suppliers

Supplier survey

Sections


  • Highlights
  • Export prices
  • Export markets & sales
  • Product trends
  • Challenges
  • Indonesia silver jewelry suppliers

Chart


  • Export prices
  • Export forecasts
  • Key findings

Indonesia Sourcing: Silver jewelry 2018 Supplier list

Indonesia silver jewelry suppliers

Click company names below marked Active to view verified suppliers and products featured on GlobalSources.com.

Suppliers featured on

Supplier StatusBraceletsEarringsNecklaces & pendantsRings
Adiprana Active
Bali Beauty Jewelry Active
Bali Mandiri Jewelry Active
Body Silver Active
CV Onyx Active
CV Salim Silver Active
Detop Silver Active
Diana Silver Active  
Jnanacrafts Active
Kanaka Active
KG Perak 925 Active
Letung Silver Active
Madhukara Silver Active  
Nayoshop Active
Onno Silver Active  
PT Orlando Silver Active
Runa Jewelry Active
Setiti Jewelry Active
Spilla Jewelry Active    
Sudana Silver Bali Active
Tupali Active