About Garnet Bracelet
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. Garnet possesses unique properties to meet a wide range of energetic needs, from improving vitality and health to protecting against negativity. Because it is such an energizing stone, garnet is often used for manifestation purposes and worn as a talisman for good luck. Garnet not only brings vitality, high energy, and protection but also strengthens self-confidence and clarifies the purpose of life. A bracelet is mainly a piece of jewelry that is worn around the wrist. Bracelets can be used for a variety of purposes, such as an ornament. When bracelets are worn as ornaments, they can have a supporting function to hold other decorative items such as charms.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.6% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Garnet Bracelet 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.
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 that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Garnet Bracelet market by Type (Garnet & Diamond Bracelet, Garnet & Gold Bracelet, Garnet & Silver Bracelet and Others), Application (Men and Women) and Region.
On the basis of geography, the market of Garnet Bracelet 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. Online will boost the Garnet Bracelet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Design Type, the sub-segment i.e. Custom Made will boost the Garnet Bracelet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Fashion Trends and Increasing Demand for Customized Garnet Bracelet
Market Growth Drivers:
Increasing Disposable Income in Emerging Economy, Increasing Demand for Garnet Bracelet By Women and Increasing Demand from Fashion Industry
Challenges:
Availability of Counterfeit Products and Changing Consumer Preferences
Restraints:
Fluctuation in Raw Material Prices
Opportunities:
Growing Internet Penetration and Increasing E-Commerce Industry, Growing Acceptance Of Jewelry Among Men and Increasing Demand due to Availability of Distinct and Innovative Jewelry Design
Market Leaders and their expansionary development strategies
In December 2023, Tiffany & Co. invests in a sustainable garnet mining project in India, aiming to improve working conditions and environmental practices.
In October 2023, Bulgari introduces a new high-jewelry line featuring rare and exceptional garnets sourced from around the world.
Key Target Audience
Manufacturers of Garnet Bracelet, Suppliers and Distributors of Garnet Bracelet, End-Users, Potential Investors, Market Research Firms 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.