Global Luxury Jewelry Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

“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