About Tourmaline Ring
Tourmaline is a crystalline boron silicate mineral compounded with elements such as aluminum, iron, magnesium, sodium, lithium, or potassium which is known to aid in relieving stress, increase mental alertness, improve circulation and strengthen the immune system. It is a great option for a unique engagement ring. The factors such as High Demand for an Engagement Ring and Increased Disposable Income of the People are driving the global tourmaline ring market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Tourmaline Ring 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.
TraxNYC (United States), American Jewelry Company (United States), Tiffany & Co. (United States), West & Co. Jewelers (United States), Navneet Gems and Minerals Limited (Thailand), Sunrise Intl Package Co., Ltd. (Taiwan), Two Tone Jewelry (United States), Ernest Jones (United Kingdom) and TJC (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Gemporia (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Tourmaline Ring market by Type (Tourmaline and Diamond Ring, Tourmaline and Gold Ring, Tourmaline and Silver Ring and Others), Application (Decoration, Collection and Others) and Region.
On the basis of geography, the market of Tourmaline Ring 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. Online Channels will boost the Tourmaline Ring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Robust Increase in the Distribution Channels
Market Growth Drivers:
High Demand For an Engagement Ring and Increased Disposable Income of the People
Challenges:
Slowdown of the World Economy
Restraints:
Availability of Alternative Products
Opportunities:
Growing Demand from End-users and Growth in the E-commerce Industry
Market Leaders and their expansionary development strategies
In August 2020, LVMH's acquisition of Tiffiny &Co. is going to take more time. The French luxury titan and the American jeweler need another three months to complete the USD 16.2billions deal, regulatory filing show.
In March 2023, Splitting Colours jewelry launched its latest collection of Tourmaline fine jewelry over exclusive private event. The new collection features six of the brands signature design rings from the classic collection.
Key Target Audience
Tourmaline Ring Providers, Distributors, Emerging Companies, Research Professionals and End-users
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.