Global Jewellery Market is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2021-2027. Jewellery client base is vast which makes it possible for the manufacturer to earn profits. Introduction of new designs and emerging fashion trends are influence the market to excel in the forecasted period. High consumption of jewelry is propelling the growth of the market in the forecasted period. For instance, according to the India Brand Equity Foundation data issued in July 2020, the Indian Jewelry and gem sector estimated to be one of the largest contributors to be the global market and it is projected to have around 29 per cent of global consumption. Furthermore, the purchasing power of consumer is increasing along with the spending power of consumers is favorable to the market. For instance, according to the World Gold Council article, August 2020, said that Chinese people have a tradition of giving gold as a gift to the younger member of the family at the special occasions. Also, manufacturers are also focusing on product innovation by leveraging the demand for cross-cultural jewelry designs which is creating lucrative demand for the jewellery market. However, high cost of jewellery might impede the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Jewellery market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is dominating the jewellery market in the forecasted period as the per capita income is very high and people are willing to spend more on ornament products. Whereas, Asia-Pacific is growing the market of jewellery market with highest CAGR for the forecasted period. Factors such as presence of key market player in the region like Tanishq, Malabar Gold and Diamonds, etc. Along with this, the popularity of wearing jewellery on occasions such as Diwali, Chinese New Year, Shogatsu, and many other propel the market growth for the forecasted years 2021-2027.
Major market player included in this report are:
Tiffany & Co
LVMH Moet Hennessy
Signet Jewelers Limited
Rajesh Exports Ltd
Harry Winston Inc.
Pandora Jewelry, LLC
Chow Tai Fook
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Outlook:
By Material Outlook:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Jewellery Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers