What is Gold Jewellery Market Scope?
Gold Jewellery refers to ornaments such as earrings, neckless, bracelets, pendants, stones, rings, and metals. Upsurging demand for gold jewellery on Retail and e-commerce platform will help to boost the global gold jewellery market. Government initiative towards jewellery market is helping to the triggered global gold jewellery market. For example, The Bureau of Indian Standards (BIS) has revised the standard on gold hallmarking in India from January 2018. The gold jewellery hallmark will now carry a BIS mark, purity in carat and fitness as well as the unit’s identification and the jeweller’s identification mark. The move is aimed at ensuring a quality check on gold jewellery. Growing demand due to innovation in designs and changing fashion trends will help to boost the global gold jewellery market in the forecasted period.
Influencing Trend:
Growing Popularity Among The Youth, Corporate People, and Working Women
Market Growth Drivers:
Increasing Demand due to the Growing Population across the Globe and Growing Number of Manufactures Come with Jewelry with Affordable Price
Challenges:
Threat from Counterfeit Products
Restraints:
Increasing Glod Prices
Opportunities:
Growing Internet Penetration and Increasing E-Commerce Industry
The Gold Jewellery market study is being classified by Type (Bracelets, Rings, Necklaces & Chains, Earrings and Others), by Application and major geographies with country level break-up.
Gold jewellery market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity, developing innovative and new design products to improve quality. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analysts at AMA predicts that Vendors from European and United States will contribute to the maximum growth of Global Gold Jewellery market throughout the predicted period.
DCK Concessions (England), Yurman Design, Inc. (United States), LOUIS VUITTON (France), Avon Product Inc. (United Kingdom), Swank, Inc. (United States), Cartier (France), Buckley Jewellery Limited (United Kingdom), Billig Jewelers, Inc. (United States), Richemont (Cartier), Avon Products Inc (United Kingdom) and Chow Tai Fook (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are BaubleBar Inc. (United States), Stuller, Inc. (United States), Pandora (Denmark), Swarovski (Austria) and Chow Sang Sang (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Gold Jewellery market by Type, Application and Region.
On the basis of geography, the market of Gold Jewellery 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).
Market Influencers and their Development Strategies
In September 2021, Marks & Spencer signed agreement with DCK to supply of a bespoke accessories collection across its golden jewellery, watches and hair accessory categories. This agreement helped DCK to expand its presence in gold jewellery market
On 15th December, Mumbai: Gem & Jewellery Export Promotion Council (GJEPC), in the past few years, has been actively pursuing projects and policies that could lead to a manifold increase in India’s outbound gem and jewellery trade.
Key Target Audience
Gold Jewellery Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
Gold Jewellery Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Gold Jewellery Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Gold Jewellery industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.