The article cited AMA's Global Platinum Jewellery Market Study explored substantial growth with CAGR of 2.86%. According the report, Young Consumer and Bridal
is one of the primary growth factors for the market. Increasing disposable income and consumer spending on luxury goods
is also expected to contribute significantly to the Platinum Jewellery market. Overall, Men
applications of Platinum Jewellery, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Harry Winston (United States), Cartier (France), Van Cleef & Arpels (France), Buccellati (Italy), Tiffany & Co. (United States), Graff (U.K.), Piaget (Switzerland), Bvlgari (Italy), Mikimoto and Chopard (Switzerland) may see astonishing sales in this Market and certainly improve revenue growth.
The Distribution Channel, such as Online, is boosting the Platinum Jewellery market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Platinum Jewellery market identified that the demand is rising in many different parts of the world as "With the rapid economic growth and consumers increasing demand for beauty and social status, luxury jewelry has become more and more popular.". Furthermore, some recent industry insights like "Inspired by the beauty and physics of the four seasons, Tiffany & Co. has collaborated with scientists and artists to reimagine its iconic Fifth Avenue flagship windows to celebrate the launch of the 2018 Tiffany Blue Book high jewelry collection" is constantly making the industry dynamic. One of the challenges that industry facing is "Artificial jewelry available in the market with the same designs and Trouble in conveying the brand personality and promoting a fine piece of jewelry"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Platinum Jewellery market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Platinum Jewellery market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Platinum Jewellery market tight? Which application/end-user category or Product Type [Rings, Necklace, Earring, Bracelets and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Platinum Jewellery market and other related sub-markets covered in the study.
o Key & emerging players in the Platinum Jewellery market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Platinum Jewellery market size is calculated using market estimation process, the Platinum Jewellery market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Platinum Jewellery market size has been validated using both top-down and bottom-up approaches.