About Crystal Jewelry
The factors such as Increased Disposable Income of the People and Rise in the Promotional Activities by Manufacturers are the key drivers for the global crystal jewelry market. Increased Awareness about Latest Fashion Trends among People also fueling the market growth. The disposable income of the people in developing countries results in increased demand for crystal jewelry products. The high Cost of Crystal Jewelry may hamper the market growth.
Attributes | Details |
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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 Swiss and Italian Vendors will contribute the maximum growth to Global Crystal 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.
Tata Sons Private Ltd (India), De Beers Jewellers US Inc. (United Kingdom), Harry Winston, Inc. (United States), Van Cleef & Arpels (France), LVMH Group (France), Pandora Jewelry, LLC (Denmark), Compagnie Financière Richemont SA (Switzerland), The Swatch Group Ltd (Switzerland), Buccellati (Italy) and Graff (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Bulgari (Italy), K. Mikimoto & Co., Ltd. (Japan) and Chopard (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Crystal Jewelry market by Type (Rings, Necklace, Earring, Bracelets and Other) and Region.
On the basis of geography, the market of Crystal 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. Offline Retail Stores will boost the Crystal Jewelry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Gender, the sub-segment i.e. Men will boost the Crystal Jewelry 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:
Increased Disposable Income of the People, Rise in the Promotional Activities by Manufacturers and Increased Awareness about Latest Fashion Trends
Challenges:
Threat of Substitute Products
Restraints:
High Cost of the Crystal Jewelry
Opportunities:
Growing Demand from End-users and Growth in the E-commerce Industry
Market Leaders and their expansionary development strategies
In August 2023, Tata Group's Titan has announced that acquired 9,190,327 equity shares in caratlane from the sacheti.
In October 2022, India's new rich fuel brand expansion for TATA Jewelry arm, India’s expected surge of rich consumers is driving the jewelry unit.
Key Target Audience
Crystal Jewelry Manufacturers, Raw Material Suppliers, 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.