Press release
Huge Demand for Luxury Jewelry Market during 2019-2025 with top key players like Societe Cartier, Tiffany & Co., Compagnie Financiere Richemont SA, Buccellati Holding Italia SpA, Graff Diamonds Corporation, Bulgari S.p.A and K. Mikimoto & Co.
Global Luxury Jewelry Market was valued at US$ 53.56 billion in 2018 and it is expected to witness a CAGR of 7.3%, in terms of revenue, during the forecast period from 2019 to 2025, to reach US$ 94.72 billion.
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In Luxury Jewelry Market factors such as affinity towards latest, high quality, and ethical jewelry products, rising trend of focusing on aesthetic appeal, celebrity & social media influence, and rapid adoption of online browsing to get information about new luxury jewelry designs are increasing consumer expenditure on luxury jewelry.
Global Luxury Jewelry Market research report has been segmented on the basis of Material, by Product Type, by End User and by Distribution Channel. On the basis of Material it has been divided as (Gold, Diamond, Silver, Platinum, and Others), by Product Type (Necklace, Ring, Bracelet, Hair Ornaments, Earring, Leg & Feet Ornaments, and Others), by End User (Men and Women), and by Distribution Channel (Mono-brand Stores, Multi-brand Boutiques, Departmental Stores, Online Stores, and Others) .
Some of the major players operating in global luxury jewelry market include Gucciogucci S.P.A., Harry Winston, Inc., Societe Cartier, Tiffany & Co., Compagnie Financiere Richemont SA, Buccellati Holding Italia SpA, Graff Diamonds Corporation, Bulgari S.p.A, K. Mikimoto & Co., Ltd., and Chopard International SA among others.
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The Luxury Jewelry Market is expected to be driven by various growth enhancing factors such as the growing number of digital buyers, increasing fashion trend, growing female workforce population, increasing middle class population, growing high net worth individuals (HNWI) population, growth of international tourism, etc.
Major Points covered in this report
1. Luxury Jewelry Market Overview
2. Economic Impact on Industry
3. Industry Trend in Global Region
4. Market Size, Share, Trend, Growth
5. Industry Revenue, Price Trend by Type
6. Market Analysis by Application
7. Development Trend for Regions and Countries
8. Company Profiles
9. Conclusion
However, the Luxury Jewelry Market is not free from challenges that are hindering its growth. Some of the major challenges faced by the market are declining rough-diamond mine supply, e-commerce fraud and flexibility in price.
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