About jewellery-
The jewellery designed to beautify the body is made of gold, platinum, silver, and other precious materials or non-materials. Jewellery includes necklaces, rings, bracelets, pendants, earrings, etc. in ancient jewellery made from shells, stones, and bones that survived from prehistoric times. Jewellery has played a significant role in various cultures throughout history, often reflecting religious beliefs, social hierarchies, and artistic movements. In many cultures, jewellery holds deep cultural and symbolic significance. The globalization of markets and the rise of e-commerce have expanded the reach of jewellery brands. Online platforms allow consumers to access a wide range of jewellery products, increasing market visibility and accessibility.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The dynamics of the jewellery market and effectively navigating competition requires a strategic approach that considers both global trends and local preferences. Adapting to changes in consumer behaviour and industry advancements is crucial for long-term success in the jewellery business. 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.
T&CO. (United States), LVMH Moët Hennessy (France), Chow Tai Fook Jewellery Company Limited. (China), Pandora Inc. (Denmark), Signet Jewelers (United States), Compagnie Financière Richemont SA (Switzerland), Graff (United Kingdom), The Swatch Group Ltd (Switzerland), Rajesh Exports Ltd. (India), Chow Sang Sang Jewellery Company Limited. (China), Malabar Gold & Diamonds (India), HStern (Brazil), Buccellati (Italy), Swarovski. (Austria), Lukfook Group (China), Titan Company Limited. (India) and TACORI, INC (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global jewellery- market by Type (Necklace, Earring, Bracelet, Anklet, Watches and Others) and Region.
On the basis of geography, the market of 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). If we see Market by Distribution Channel, the sub-segment i.e. Jewellery Store will boost the jewellery- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials, the sub-segment i.e. Precious metals (Gold, Silver, Platinum, etc.) will boost the jewellery- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased demand for personalized and customizable jewellery.
Market Growth Drivers:
Increasing numbers of celebration and occasions drive the market, Increasing adoption of digital media platform & opening of new stores and Growing Fashion Trends and Affordability
Challenges:
The jewellery market is highly competitive, with numerous brands and designers vying for consumer attention.
Restraints:
Fluctuations of prices in jewellery industry.
Opportunities:
Focus on innovation of sustainable and eco-friendly jewellery
Market Leaders and their expansionary development strategies
In August 2022, Signet Jewellers Limited, the world's leading retailer of diamond jewellery, acquired Blue Nile, Inc., a leading online retailer of engagement rings and fine jewellery. The strategic acquisition of Blue Nile accelerates Signet's efforts to expand its bridal offerings and grow its Accessible Luxury portfolio while extending its digital leadership in the jewellery category
In July 2023, Malabar gold and diamonds has launched the sparkle of heaven its latest collection from the sub brand mine brand jewellery. The new collection features diamonds of varied shapes incorporated into a composite design, creating the illusion of large solitaire. and In August 2023, TACORI, a timeless and iconic fine jewellery brand launched its latest fine jewellery collection, TACORI Stilla. In Latin, the word “stilla” translates to “droplet. The new TACORI Stilla fine jewellery collection features delicate strings of droplet-like pear-shape diamonds and hand-hewn milgrain detailing on the profile of each design.
Key Target Audience
Supplier, Manufacturer, Research organization, Government Regulatory, End-User Industry and Others
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.