About Minimalist Jewelry
Minimalist jewelry is a style of jewelry that tries to bring out the essence of the materials used and the theme of a piece by eliminating unessential embellishments. With a massive client base, the minimalist jewelry industry has made it possible for the manufacturers to supply their products to a huge market and hence earn profits. Also, the introduction of new variants in the designs and the evolving fashion trends are appealing to more and more customers. Therefore the manufacturers are influencing this daily change in the fashion trends for the innovation of more products and great designs so as to attract the customers. The increase in cross-cultural designs is an ongoing trend that is achieving high popularity in the minimalist jewelry market. The rising demand for pieces of jewelry that are inspired by various other cultures namely Italian, European, and others is also expected to drive the minimalist jewelry market over the period. Furthermore, the rise in urbanization has also given rise to the changing consumer behavior associated with the accessories, like keeping it to a minimal level with sophistication and also maintaining the style statement. Such growing factors have hence led to considerable demand for various kinds of minimalist jewelry like earrings, pendants, and rings.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.59% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Minimalist Jewelry market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wolf Circus (Canada), Lemaire (France), Mejuri (Canada), Young Frankk (United States), Loveness Lee (United Kingdom), Justine Clenquet (France), Sophie Buhai (United States), Martyre (United States), Vrai (United States) and Saskia Diez (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Minimalist Jewelry market by Type (Minimalist Earring, Minimalist Bracelet, Minimalist Necklace and Other) and Region.
On the basis of geography, the market of Minimalist Jewelry has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Specialty stores will boost the Minimalist Jewelry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Platinum will boost the Minimalist Jewelry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Men will boost the Minimalist Jewelry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Improved Lifestyle in Emerging Economies and Increasing Demand for Customized Minimalist Jewelry
Market Growth Drivers:
Changing Style Statement Fueled By Rising Disposable Income, Emphasizing On Innovative Designs for Minimalist Jewelry and Increasing Demand from Fashion Industry
Challenges:
Lack of Acceptance in Low and Middle Income Group People
Restraints:
Alternative Such as Imitation Jewelry Present and Fluctuating Raw Material Prizes
Opportunities:
Increasing Disposable Income in Low and Middle-Income Countries and Growing Online Market for Minimalist Jewelry and Rising Focus among Millennials
Market Leaders and their expansionary development strategies
In March 2023, Atelier de Production et de Création and L Catterton, a leading global consumer-focused investment firm, today announced that they signed binding agreements to form a strategic partnership to advance the brand's international presence. L Catterton Europe will acquire a controlling interest in A.P.C. Jean Touitou founded and has been managing A.P.C. since the brand's inception in 1987. He was joined by Judith Touitou in 1997. They will continue to hold a significant minority.
In April 2022, Entice by KGK has unveiled a new diamond minimalistic collection for the summer season. The new collection includes neckpieces, earrings, bracelets, and rings. It works well for various occasions such as daily wear, office meetings, evening get together, and so forth. and According to a company statement, “The design of the pieces is modern and classic, crafted beautifully, keeping in mind the upcoming jewellery trends.
“According to The Federal Trade Commission of the United States government, most platinum jewelry sold in the U.S. is 85% platinum and 15% other metals, either precious platinum group metals and/or base metals. Labels will look like this: 850Plat. = 85% pure platinum, 900Pt. = 90% pure platinum. For items containing between 50% and 85% pure platinum combined with other platinum group metals, marketers should state the amount of pure platinum and the amount of other platinum group metals. For example, 800 Pt. 200 Pd. = 80% pure platinum, 20% palladium, 750 Pt. 250 Rh. = 75% pure platinum, 25% rhodium, 600 Pt. 350 Ir. = 60% pure platinum, 35% iridium.”
Key Target Audience
Minimalist Jewelry Manufacturers, Traders, Distributors, and Dealers, Regulatory and Research Organizations, Raw Material Producers, Suppliers, and Distributors, Potential Investors, Industry Associations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.