Costume Jewelry Market Scope
Costume jewelry also called as fashion jewelry, trinkets, fake jewelry and fallalery, is a jewelry made of less valuable materials as compared with valuable materials such as gold, diamond, platinum and other precious metals and gem. The raw material used for these jewelries include base metals, glass, plastic, synthetic stones, semi-precious stones, beads, ivory, lac, leather, terracotta, pearl and metals such as silver, aluminum and brass.
According to AMA, the Global Costume Jewelry market is expected to see growth rate of 7.9% and may see market size of USD40.3 Billion by 2026.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Costume Jewelry market throughout the predicted period.
Buckley Jewellery Limited (United Kingdom), Avon Products Inc (United Kingdom), Swank Inc (United States), H. Stern Com. & Ind. S.A. (Brazil), Cartier SA (France), Channel S.A (United States), Louis Vuitton (United States), Stuller (United States), Yurman Design (United States), Billig Jewelers (United States) and Gianni Versace (Italy) 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 total available market.
Segmentation Overview
The study have segmented the market of Global Costume Jewelry market by Type (Bracelets and Earrings, Necklaces and Rings, Pendant and Other), by Application (Male and Female) and Region with country level break-up.
On the basis of geography, the market of Costume 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).
In January 2019, Avon announced that, it has entered into a definitive agreement with TheFaceshop Co. Ltd., a subsidiary of LG Household & Health Care Ltd., one of Asia’s largest consumer goods and beauty companies, under which TheFaceShop will acquire all of the shares of Avon’s Beauty manufacturing operation in Guangzhou, China.
Market Trend
- Increase in use of digital media for product marketing
- Ensuing rise of online shopping
Market Drivers
- Increasing online sales across the globe
- High prices of gold and silver
- Surging urbanization in emerging economies
Opportunities
- Growing preference among men and women to stay stylish and trendy in Asia Pacific
Restraints
- Lack of the durability of jewellery item
- Stringent import & trade laws
Challenges
- The rise in the prices of raw materials