What is Garnet Necklace Market?
Upsurging demand for jewelry on Retail and e-commerce platform will help to boost the global garnet necklace market. Garnet is found all over the world, and although it is commonly known to be red, it actually comes in a variety of colors and chemical formulas, each with its own spiritual properties. It is an energizing stone, garnet is often used for manifestation purposes and worn as a talisman for good luck. The global garnet necklace market is anticipated to witness considerable growth owing to increasing disposable income and consumer spending on luxury goods.
Highlights from Garnet Necklace Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | The Jewellery Channel (United Kingdom), Ernest Jones (United Kingdom), Two-Tone Jewelry Mfg. Co. (United States), Stauer (United States), GLAMIRA (Germany), JamesViana (United Kingdom), Poshmark Inc. (United States) and West & Co. Jewelers (United States) |
Key players are implementing various strategies such as new product development, partnerships, and others. The companies are exploring the market in new regions by expansions, investments, new service launches, and collaborations as their preferred strategies.
The Jewellery Channel (United Kingdom), Ernest Jones (United Kingdom), Two-Tone Jewelry Mfg. Co. (United States), Stauer (United States), GLAMIRA (Germany), JamesViana (United Kingdom), Poshmark Inc. (United States) and West & Co. Jewelers (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Juniker Jewelry (United States), Artinian (Thailand) and Kimberley Diamond (United States). Garnet Necklace Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Decoration, Collection and Others |
Type | Garnet & Diamond Necklace, Garnet & Gold Necklace, Garnet & Silver Necklace and Others |
Garnet | Natural,Synthetic |
Distribution Channel | Online,Jewelry Stores,Specialty Stores,Others |
Style | Pendant,Beaded,Station,Strand,Collar,Others |
On the basis of geography, the market of Garnet Necklace 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Change in Lifestyle and Living of Standard, Growing Fashion Consciousness Globally and Increase Demand for Customized Garnet Necklace
Market Growth Drivers:
Increase in Living Standards, and Growing Fashion Consciousness Globally and Availability of Different Shapes of the Necklace to Enhance Individual Personality
Challenges:
Availability of Substitute
Restraints:
The problem regarding High Prices of these Garnet Necklace
Opportunities:
Growing Demand From Working Women's and Costume Jewelry is high in Demand among Corporate People, Working Women, Teenagers, and Working Population
Key Target Audience
Garnet Necklace Manufactures, Garnet Necklace Suppliers, Government Regulatory Bodies, Industry Associations, Government and Other Research Organizations and Others
Market Leaders & Development Strategies
In June 2022, GLAMIRA global e-commerce brand in garnet necklace and jewelry launched collection consisting of 580 pieces and 3 different concepts. This collection is great option that you can gift to the soul of your loved ones and personalize according to their taste. This launch strengthened the presence of GLAMIRA in Garnet Necklace market
In October 2022, Stauer launched 170-carat Amethyst maiden Necklace for free. In short time this necklace got so popular on company’s website. 45000 and more costumers grab this opportunity. this launch strengthened the presence of garnet necklace market
According to the United States Federal Trade Commission guidelines, disclosure is required of any mode of enhancement that has a significant effect on the gem's value.