Gemstone Jewellery Market is Growing at a Tremendous Rate on the Back of Growing Demand and Increasing Consumer Preference

Gemstone Jewellery are contemplated to be a key part of several cultures around the globe. Gems and jewelry carry high ceremonial significance in a variety of cultures as well as being bought as luxury items. Due to this the global gems and jewelry market has witnessed substantial growth over the past couple of years. Growing urbanization, changing lifestyles and increasing e-commerce sale are contributing significantly in the growth of the Gemstone jewellery market. Furthermore, rising presence of organized retail channels, growing number of premium product launches and synchronized distribution networks, etc., is anticipated to drive gems & jewelry market during the forecast period. Demand for diamond in gold,, platinum, gold and pearl jewelry is increasing despite of prices. Further, major players present in global gems & jewelry market are shifting their product portfolios and are emphasizing on creating customized jewelry, according to consumer demands

Advancements in jewelry making process as well as presence of wide range of certification bodies such as reau of Indian Standards (BIS) hallmarking, Kimberly Process Certification Scheme, Bu and Confédération International de la Bijouterie, Joaillerie and others are expected to drive the market growth during the coming years.

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The Gemstone Jewellery market analysis is segmented by type, distribution channel and geography. In the product segment, the market is segmented into diamond in Gold, gold, platinum, silver, diamond and others. Further, on the basis of distribution channel, the market is segmented by online and offline channel .By geography, the gemstone jewellery market is segmented into. North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Asia Pacific is considered to be one of the leading regions in the global gems and jewelry market. China and India are leading the market in terms of processing jewelry and gems. India, China, Dubai, Thailand, and Japan, represent the largest Gemstone Jewellery markets. India is the largest manufacturer of cut and polished diamonds in the world and exports around 93% of its production. India’s gems and jewellery sector is one of the largest in the world contributing significantly to the global jewellery consumption.

Some of the companies in the gemstone jewellery market are Centerac, Blue Nile, Zale Titan, Gitanjali, and Tiffany. The major companies operating in the global Gemstone Jewellery market will eventually grab the opportunity presented by the new technology to further enhance their product offerings.High demand for gems & jewelry in the region can also be attributed to rising disposable income, and aggressive marketing and promotional strategies by leading players.

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