About Gold and Silver Jewelry
Jewellery refers to ornaments which include earrings, neckless, bracelets, pendants, stones, rings and metals. Jewellery is available in the form of gold, silver, diamond, platinum and gems. Upsurging demand of jewellery on Retail and e-commerce platform will help to boost the global gold and silver jewellery market. Rise in disposable income and growing female workforce population is driving the market growth
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
According to report global demand for gold is 1,000 tons more than the supply. There is no new mining capacity going through and as most of the gold is being recycled. 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.
Kenneth Cole Productions, Inc. (United States), Silpada Designs, Inc. (United States), Tiffany & Co (United States), CAROLEE LLC (United States), Avon Products, Inc (U.K.), DYRBERG/KERN (Denmark), Wellendorff (Germany), Gerhard D. Wempe (Germany), Pomellato (Italy), Bucherer Group (Switzerland) and Cartier (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Gold and Silver Jewelry market by Type (Gold Jewelry (Yellow gold, White gold, Rose gold and Green gold) and Silver jewelry (Fine .999 silver, Sterling .925 Silver, Argentium Silver and Non-Tarnish Alloys, Coin Silver, Normal Silver, Silver-filled, Silver Plated, Nickel Silver, Tribal Silver and Mexican Silver)) and Region.
On the basis of geography, the market of Gold and Silver 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). If we see Market by End users, the sub-segment i.e. Men will boost the Gold and Silver Jewelry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Lifestyle and Consumer preferences and Use of gold Across Energy, Healthcare and Technology is Changing at a Faster Pace
Market Growth Drivers:
Growing Number of Women Population, Rising Middle Class Family Population and Increase the beauty and Stylish looks
Challenges:
Designing Of Gold and Silver Jewelry, Lack of Building Brand Image Leading To Commoditization and Price War and Limited Research and Technology Adaption
Restraints:
High Import Dependence And Regulatory Curbs Impact Both Consumption And Investment Demand Of The Market
Opportunities:
High Investment in Gold and Silver during Wedding and Special Events, New Design with Technology Innovation and Mobile App for Gold Investment
Market Leaders and their expansionary development strategies
In March 2018, Helca Mining acquires Klondex mines, a leading low-cost U.S silver producer, with a significant portfolio in silver and an emerging force in the gold industry.
In September 2018, Barrick and Randgold USD 18 billion merger, two leading gold mining companies have entered in deal creating one company with greatest concentration of tier one gold assets in the whole world.
Gold are subjected to stringent rules and regulations as they are the precious ornaments. In UK the Financial Conduct Authority regulates the conduct of several organizations involved in the gold market, including: Exchanges (e.g. The London Precious Metals Exchange (LME), bullion banks, the “clearing” banks, financial advisors, and investment and wealth managers.
Key Target Audience
Gold And Silver Jewelry Manufacturer, Gold And Silver Jewelry Supplier, Retailer, Wholesalers, Government, Research Institutes 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.