Global Luxury Jewelry Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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8975
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May 2023
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176
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This report was compiled by Research Team Research team of over 50 passionate professionals leverages advanced research methodologies and analytical expertise to deliver insightful, data-driven market intelligence that empowers businesses across diverse industries to make strategic, well-informed Correspondence Research Team Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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“Global Luxury Jewelry Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global luxury jewelry market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global luxury jewelry market report has been segmented on the basis of material, product type, end user, distribution channel, and region.
Introduction
Luxury jewelry is a fine decorative items designed from different materials such as gold, silver, diamond and platinum worn for personal adornment, it consists of various types of products such as necklaces, brooches, rings, bracelets, pendants, hair ornaments, earrings, cufflinks, and leg and feet ornaments.
Market Dynamics
Increasing consumer spending towards luxury goods is a key factor expected to drive growth of the global luxury jewelry market over the forecast period.
In addition, rising adoption of online luxury jewelry, owing availability of variety and discounts by online marketers is another factor expected to further fuel growth of the global market over the forecast period. David Yurman, Tiffany & Co., and Swarovski are leading luxury jewelry brands that offers online and offline activities in order to enhance product visibility.
High cost of luxury jewelry is a key factor expected to restrain growth of the global luxury jewelry market over the forecast period.
Ongoing trend observed in the target market is increasing demand for men’s jewelry and this trend is expected to continue over the forecast period.
Increasing investment in new technologies such as Computer Aided System (CAD) for manufacturing jewelry is expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Analysis by Segment
On the basis of material, the diamond segment is expected to register significant growth in terms of revenue over the forecast period, owing to increasing demand for diamonds for rings.
On the basis of distribution channel, the mono-brand stores segment is expected to register significant share in terms of revenue over the forecast period, owing to its advantage that develops a brand identity and increasing number of consumers. On the basis of product type, the earrings segment is expected to register significant share in terms of revenue over the forecast period, owing to rising women preference towards earrings as a fast and easy way to quickly dress up and match style of their outfit.
Analysis by Region
The market in Europe is expected to dominate the global luxury jewelry market in terms of revenue over the forecast period, owing to increasing jewelry customization, increasing popularity of pop-up stores, and fusion of costume jewelry across various countries in the region. In addition, the market in Asia Pacific is expected to register significant share in terms of revenue over the forecast period, owing to increasing consumer preference towards purchasing luxury products and increasing disposable income of mid-age population across various countries in the region.
Global luxury jewelry market segmentation:
Segmentation by material:
- Gold
- Silver
- Diamond
- Platinum
- Others
Segmentation by product type:
- Necklace
- Ring
- Bracelet
- Hair ornaments
- Earring
- Leg & Feet ornaments
- Others
Segmentation by end user:
- Men
- Women
Segmentation by distribution channel:
- Mono-brand stores
- Multi-brand boutiques
- Departmental stores
- Online stores
- Others
Segmentation by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Guccio Gucci S.p.A.
- Harry Winston, Inc.
- Societe Cartier
- Tiffany & Co.
- Buccellati Holding Italia SpA
- Graff Diamonds Corporation
- Bulgari S.p.A
- Mikimoto & Co., Ltd.
- Chopard International SA
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