Global Gold Rings Market Overview:
Gold rings are an important aspect of the wedding and engagement norms, especially in India and China. Global gold ring market around the world is still growing very steadily due to both cultural importance and the growing need for personalized and extravagant jewelry among consumers. Growing middle class and rising disposable income in emerging countries, notably in the Asia-Pacific have increased gold ring sales. Furthermore, the rising popularity of unisex gold ring designs among younger customers is opening up significant opportunities for jewelers to reach a larger audience by providing varied and inclusive alternatives that appeal to a variety of client demographics.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Inclination Towards the Engagement Rings Made of Rose Gold and Popularity of Vintage Designs in Gold Rings With historical influences and timeless elegance
Market Growth Drivers:
Cultural Significance and Traditions of Gold Rings for Wedding and Engagement and Growing Demand of Personalized or Customized Gold Rings Among Consumers
Challenges:
Availability of Rings and Other Jewelry Made with Other Precious Metals Such as Platinum, Silver, Etc.
Restraints:
Factors Such As Economic Downturns, High Import Duties, and Taxed on Gold May Increase the Production Cost of Gold Rings
Opportunities:
Demand for Ethical and Sustainable Jewelry and Use of Recycled Gold and Digital Transformation and Shift Towards E-Commerce Created Opportunities
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market.
Some of the key players profiled in the report are Tiffany & Co. (United States), Harry Winston, Inc. (United States), Compagnie Financière Richemont S.A. (Switzerland), Chopard (Switzerland), Graff (United Kingdom), Bvlgari (Italy), David Yurman (United States), Chanel (United Kingdom), Christian Dior SE (France), Pandora A/S (Denmark), Chow Tai Fook (China), Mikimoto Co.,Ltd. (Japan) and Damiani Group (Italy). Considering Market by Product Type, the sub-segment i.e. Plain Gold Rings will boost the Gold Rings market. Considering Market by Purity, the sub-segment i.e. 24K will boost the Gold Rings market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Gold Rings market. Considering Market by End User, the sub-segment i.e. Women will boost the Gold Rings market.
What Can be Explored with the Gold Rings Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Gold Rings Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Gold Rings
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Gold Rings market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Gold Rings market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Jewelry Companies, Gold Manufacturing Companies, Exporters & Importers, Government Regulatory Bodies, Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.