About Jewelry Retail
Custom Jewelry involves the creation, etching, and/or engraving of jewelry using precious stones or metals. Jewelry is manufactured as a basic process that involves the design, mold, cast, polish, finish, and plating of the metal which can be gold, platinum, silver, titanium, or another metal. A jewelry store (American English: jewelry store is a retail business establishment, that specializes in selling (and also buying) jewelry and watches. Jewelry stores provide many services such as repairs, remodeling, restoring, designing, and manufacturing pieces.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key players in the market are in intense competition in the market. The jewelry retail market is expanding globally. The few major players in the market holds a major share in the market. The popularity of wearing the ornaments in many regions of the globe is increasing. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Jewelry Retail 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.
Harry Winston Inc (United States), Chopard (Switzerland), Pandora Jewelry LLC. (United States), Chow Tai Food Jewellery Company Limited (Hong Kong), Tiffany & Co (United States), Rajesh Exports Ltd (India), Cartier International SNC (France), Signet Jewelers Limited (Bermuda) and LVMH Moet Hennessy (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Jewelry Retail market by Type (Necklace, Earrings, Ring, Bracelet and Others) and Region.
On the basis of geography, the market of Jewelry Retail 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 will boost the Jewelry Retail 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 Jewelry Retail market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Gold will boost the Jewelry Retail market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Rising Popularity of Manufacturers Incorporating Technology with Ornaments
Market Growth Drivers:
Inclination Towards Luxurious Goods and Increased Disposable Income and Spending Power of Consumer
Challenges:
Intense Competition in The Market
Restraints:
Stringent Rules and Regulations of The Trade
Opportunities:
Increased Research and Development Activities and Increased Technology with the GPS Tracker in the Jewelry
Market Leaders and their expansionary development strategies
In January 2020, Hong Kong’s Chow Tai Fook declared the acquisition of the germ’s maker Enzo. The acquisition is projected to expand its presence across mainland China.
In April 2019, International Jewelry Design launched the DBW Jewelry for both the company B2B retail customers and the general public with a full direct-to-consumer, interactive e-commerce site.
Key Target Audience
Manufacturers of Jewelry Retail, Suppliers and distributors of Jewelry Retail, Vendors of Jewelry Retail, Raw Material Supplier of Jewelry Retail, Governmental and Regulatory bodies 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.