1 / 3

Jewelry Market Size, Future Trends, Key Highlights, 2032

According to Fortune Business Insights Jewelry Market size was valued at USD 216.48 billion in 2022 and is projected to reach a valuation of USD 224.38 billion in 2023. The market is expected to reach USD 308.36 billion by 2030 with a CAGR of 4.6% during the forecast period.

Sakshi132
Download Presentation

Jewelry Market Size, Future Trends, Key Highlights, 2032

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Market Overview According to Fortune Business Insights Jewelry Market size was valued at USD 216.48 billion in 2022 and is projected to reach a valuation of USD 224.38 billion in 2023. The market is expected to reach USD 308.36 billion by 2030 with a CAGR of 4.6% during the forecast period. The rising trend for increased consumption of jewels is attributed to the fact that people are getting inclined toward luxurious products. The growing popularity to incorporate technology in ornaments is boosting product demand. With increasing levels of disposable income levels, spending of consumers has been on the rise. List of Key Players Profiled in the Report Harry Winston, Inc. (U.S.) Chopard (Switzerland) Pandora Jewelry, LLC. (U.S.) Chow Tai Fook Jewellery Company Limited (Hong Kong) Tiffany & Co (U.S.) Rajesh Exports Ltd (India) Cartier International SNC (France) Signet Jewelers Limited (Bermuda) Chanel (France) LVMH Moët Hennessy (France) Get a Sample of this Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/jewelry-market- 102107 Segments Ring Segment to Dictate as it Symbolizes Marital Status On the basis of product, the market is segmented into necklace, earrings, ring, bracelet, and others. The ring segment is set to lead due to rising popularity as it signifies engagement and marital status. Growing customer preference for personalized jewels has stimulated vendors to provide various customization options. Earrings, necklaces, bracelets, and others have also been on rise owing to their usage for beautification and enhancement of looks. Diamond to Govern Due to its Various Benefits Based on material type, the market is categorized into gold, platinum, diamond, and others. Diamond is anticipated to dominate the market due to its sparkle and reflection. Various celebrities such as Jennifer Lopez, Lady Gaga, Gal Gadot, Rosie Huntington, Celine Dion, Naomi Campbell, Demi Moore, and many others donned diamond and platinum jewels at the Met Gala event of 2019. Women Segment to Lead Due to Rising Use of Jewels

  2. On the basis of end-user, the market is categorized into men and women. Women segment holds the majority part as the women population uses jewels more due to its symbolization of femininity. Men segment is also anticipated to show favorable growth as they want to own the product as a symbol to showcase their high status, unique styles, and fashion sense. Based on geography, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Drivers and Restraints Increasing Levels of Disposable Income and Spending of Consumers to Augment Market Growth Increasing levels of disposable income and rising spending of consumers are anticipated to drive the jewelry market growth. The demand for increasing consumption of luxury goods such as ornaments is propelling the market growth. Additionally, different customs regarding the adoption of ornaments followed by people across the globe are expected to significantly boost the purchase of the product. Increasing number of working populace of women and awareness about modern jewels and premium-class gems will further fuel the market growth. However, strict regulations on importing and exporting ornament are expected to hamper the market growth. Regional Insights Asia Pacific to Govern Owing to the Presence of Major Market Players in the Region Asia Pacific is expected to have the largest jewelry market share owing to the presence of major players in the region. Tanishq, Malabar Gold and Diamonds, Queelin, Wallace Chan, and others mark their presence in Asia Pacific owing to increasing consumption. Europe is anticipated to have a substantial growth in the forecast period due to high per capita income in European countries. People have been spending high on ornaments due to high income levels. North America has moderate growth due to the presence of many millionaires who are the prime contributors to the increasing purchase of luxurious products. To know more about this market, please visit: https://www.fortunebusinessinsights.com/jewelry-market-102107 Competitive Landscape RJ Scanlan & Co. Expanded its Fine Jewelry Offering by Introducing a Range of Lux Collection Key market players have been focusing on looks and design of jewels to meet consumers' ever-changing needs and desires. In June 2021, RJ Scanlan & Co. expanded its fine jewelry offering by introducing a range of the Lux Collection in the Australia market. The collection is crafted with gold, diamonds, color gemstones, and pearls. Every piece is customized to order and essential to environmental sustainability.

  3. Key Industry Development January 2023- Tanishq entered the U.S. market by opening its first store in New Jersey. The store has about 6,500 jewelry designs in 18 and 22-karat gold and diamond.

More Related