What is Diamond Wedding Ring?
The diamond wedding ring is a finger ring which indicates that the person who is wearing the ring in the left or right ring finger is married. Diamond wedding ring market is growing owing to changing lifestyle standards and rising disposable income in the developing countries. Further, increasing adoption of the diamond wedding as a style statement among millennials expected to drive the diamond wedding ring market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Cartier (France), Tiffany (United States), Chow Tai Fook (Hong Kong), Chow Sang (Hong Kong), Lukfook (Hong Kong), I DO (United Kingdom), Zhejiang Ming Jewelry (China), CHOW TAI SENG Jewellery (China), Lao Fen Xiang (China), Harry Winston (United States), LVMH (France), Helzberg Diamonds (United States) and Forevermark Limited (United Kingdom) |
The study covers a detailed analysis segmented by key business segments i.e. , by application (Men and Women) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Diamond Wedding Ring market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Diamond Wedding Ring market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Cartier (France), Tiffany (United States), Chow Tai Fook (Hong Kong), Chow Sang (Hong Kong), Lukfook (Hong Kong), I DO (United Kingdom), Zhejiang Ming Jewelry (China), CHOW TAI SENG Jewellery (China), Lao Fen Xiang (China), Harry Winston (United States), LVMH (France), Helzberg Diamonds (United States) and Forevermark Limited (United Kingdom).
Market Overview:
In April 2023, LVMH Moët Hennessy Louis Vuitton, the esteemed French luxury conglomerate, acquired a majority stake in Platinum Invest group, a renowned French jewelry manufacturing company. This strategic move aims to strengthen and augment the manufacturing and production capabilities of Tiffany & Co., enhancing its existing operations.
Influencing Trend:
Improved Lifestyle in Emerging Economies and Increasing Demand for Customized Diamond Wedding Ring
Market Growth Drivers:
Changing Style Statement Fueled By Rising Disposable Income, Emphasizing On Innovative Designs for Diamond Wedding Ring and Increasing Demand from Fashion Industry
Challenges:
Lack of Acceptance in Low and Middle Income Group People and Alternative Available such as Gold, Platinum, and Others.
Restraints:
High Cost of Diamond Wedding Ring and Fluctuating Raw Material Prizes
Opportunities:
Increasing Disposable Income in Low and Middle-Income Countries, Increasing Online Market For Wedding Diamond Ring and Rising Focus among Millennials
Key highlights of the Global Diamond Wedding Ring market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Diamond Wedding Ring market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Diamond Wedding Ring market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Diamond Wedding Ring Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Diamond Wedding Ring market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Diamond Wedding Ring market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using 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 Manufacturers of Diamond Weeding Ring, Raw Material Suppliers, Distributors and Traders, Research Organizations, Government Agencies, Organizations, Forums, Alliances Related to Diamond Weeding Ring and Associations Related to Diamond Weeding Ring.
This helps us to gather the data for the 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 include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.