What is Bridal Jewelry Market?
Wedding jewelry is a very personal gift for the bride. Every bride wants to look radiantly beautiful at her wedding and attract all eyes. In today’s time, people are spending more money to make wedding functions memorable and lavish. The bridal jewelry adds a heavenly touch to the overall aura of the bride and gives an exquisite glamour to her personality. However, brides are moving away from wearing jewelry made with only gold and preferring colorful and glittery touch of kundan and diamond.
Highlights from Bridal Jewelry Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Tiffany (United States), Tanishq (India), Harry Winston, Inc. (United States), Kalyan Jewelers (India), Cartier (France), Van Cleef & Arpels (France), Chow Tai Fook (Hong Kong), David Yurman (United States), Charles & Colvard (United States) and Lukfook Jewellery (Hong Kong) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Bridal Jewelry market throughout the forecasted period.
Tiffany (United States), Tanishq (India), Harry Winston, Inc. (United States), Kalyan Jewelers (India), Cartier (France), Van Cleef & Arpels (France), Chow Tai Fook (Hong Kong), David Yurman (United States), Charles & Colvard (United States) and Lukfook Jewellery (Hong Kong) are some of the key players profiled in the study. Bridal Jewelry Market Segmentation:
Scope | Sub-Segments |
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Type | Necklace, Earrings, Ring, Bracelet and Others |
Sales Channel | Online,Offline |
Material | Gold,Platinum,Diamond |
On the basis of geography, the market of Bridal 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Focus by Key Players on New Designing and Patterns of Bridal Jewelry
Market Growth Drivers:
Rising Demand for Luxurious and Expensive Jewelries for Wedding Functions and Increased Disposable Income and Purchasing Power of People
Challenges:
Rising Unmarried Populations and Cohabiting Couples Worldwide
Restraints:
Increasing Diamond and Metal Prices May Create Hurdles
Opportunities:
Consumers’ Inclination Towards the Diamond Jewelries
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Bridal Jewelry Manufacturers, Suppliers and Distributors of Bridal Jewelry, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others
Market Leaders & Development Strategies
In October 2021, Signet Jewelers Limited, the world's largest retailer of diamond jewelry announced the acquisition of Diamonds Direct USA Inc. to expand its growth potential in bridal and accessible luxury. With the Diamonds Direct’s extensive bridal offering Signet will drive shareholder value with its distinct bridal-focused shopping experience and add a new entry point.
In April 2021, Tanishq, India’s most trusted and loved jewelry brand launched its latest range and designs of jewelry exclusively for wedding season under its wedding exclusive sub-brand, Rivaah. The new designs under Rivaah exuberates richness with the use of unique karigari techniques like- Spring wire, Chandak work, Filigree, Rawa work, etc.