Diamond Engagement Ring Market Scope
Engagement rings also known as wedding rings, are referred to as the finger rings or bands worn to celebrate the tradition of engagement in various parts of the world. Gimmel rings, poesy rings, and byzantine rings were used as engagement rings in earlier times.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Tiffany & Co. (United States), DeBeers (United Kingdom), Cartier (France), Graff (United Kingdom), Harry Winston (United States), Van Cleef and Arpels (France), Chopard (Switzerland), Blue Nile (United States), Zale (United States) and Piaget (Switzerland) |
CAGR | % |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Diamond Engagement Ring market throughout the predicted period.
Tiffany & Co. (United States), DeBeers (United Kingdom), Cartier (France), Graff (United Kingdom), Harry Winston (United States), Van Cleef and Arpels (France), Chopard (Switzerland), Blue Nile (United States), Zale (United States) and Piaget (Switzerland) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Diamond Engagement Ring market by Type and Region with country level break-up.
On the basis of geography, the market of Diamond Engagement 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).
region held largest market share in the year 2022.
In 2021, by Charlie Teather new 9 rings launched are sustainable & ethical diamond, gypsy ring, split shank rings, pear-cut diamonds, coloured stones, pearl rings, halo diamonds, gallery details and asymmetric cluster ring.
Influencing Trend:
Demanding new varieties of rings
Market Growth Drivers:
Huge advancement in customized products
Challenges:
Delaying marriages, online fraud, economic slowdown
Restraints:
High cost associated with rings
Opportunities:
Rising government investment in ring industry
Key Target Audience
Manufacturers, Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others