About Gems and Jewelry
Gems and Jewelry mainly consist of numerous pieces of jewelry which are made up of platinum, gold, gemstone, among others. In the last few years, the demand for gems and jewelry has been increased. For instance, according to an article published by the World Gold Council, the demand for gold jewelry has increased by more than 3% in the final quarter of 2017 from its thirds quarters. Hence, the rising demand for gold jewelry and changing lifestyle will affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global gems and Jewelry market can witness an upsurge in the forecast period. Analyst at AMA Research estimates that Hong Kong Vendors will contribute the maximum growth to Global Gems and Jewelry market throughout the forecasted period. 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.
Chow Tai Fook Jewellery Group Limited (Hong Kong), The Swatch Group AG (Switzerland), Cartier International SNC (France), Bucherer (France), Chaumet (France), Tiffany & Co. (United States), Shanghai Yuyuan Tourist Mart Co Ltd (China), Cie Financiere Richemont SA (Switzerland) and Jewelry group (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Gitanjali Group (India), Emperor Watch & Jewellery Co Ltd (Hong Kong), Blue Nile, Inc. (United States), zale titan (India) and Signet Jewelers Ltd. (Bermuda).
Segmentation Overview
AMA Research has segmented the market of Global Gems and Jewelry market by Type (Rings, Necklaces, Earrings, Bracelets, Chains, Pendants and Other), Application (Collections, Wedding, Festive Blessing, Fashion and Others) and Region.
On the basis of geography, the market of Gems and 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). Asia-Pacific region held largest market share in the year 2022. If we see Market by Distribution Channel, the sub-segment i.e. Offline Retail Stores will boost the Gems and Jewelry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Commodity Type , the sub-segment i.e. Gold will boost the Gems and Jewelry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements in online marketing trends and increase in the use of digital media for product marketing and Growing Online sales have evolved as a key source of revenue for many companies such as
Market Growth Drivers:
Increasing Demand for Men Costume Jewelry as well as Availability of Wide Variety of Designs in Costume Jewelry, Increase in Living Standards, and Growing Fashion Consciousness Globally and Costume Jewelry is high in Demand among Corporate People, Working Women, Teenagers, and Working Population
Challenges:
Issue Related to High Cost of Raw material for Manufacturing Gems and Jewelry Products and Problem related to Lack of Acceptance in Low and Middle Income Group People
Restraints:
The problem regarding High Prices of Gems and Jewelry products
Opportunities:
Rising Demand from Emerging Economic such as China, India, Brazil, among others and Increase in adoption of technologically advanced techniques and colorful stones for artificial jewelry
The launch of new products is further fueling the growth of the gems and jewelry market in the future. For instance, in 2017, the Kalyan Jewelers Company has planned to invest more than USD 75 million in order to add 15 new showrooms to the ongoing expansion in eastern and northern regions of India. Hence, it will affect the growth of the market in the future.
Key Target Audience
Gems and Jewelry Manufacturers, Cooling Tower Traders, Distributors, and Suppliers, Raw Material Suppliers, Government and Research Organizations and Industrial & Commercial Power Equipment Agencies
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.