Press release
Luxury Jewelry Market All Set to Reach US$ 94.72 billion, at +8% CAGR during 2019-2025, according to Study of Decision Market Reports
Luxury Jewelry Market
According to a study, the global luxury jewelry market was valued at US$ 53.56 billion in 2017 and is expected to witness a CAGR of 7.3%, in terms of revenue, during the forecast period from 2018 to 2026, to reach US$ 94.72 billion by 2026.
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Luxury jewelry is designed from different materials such as gold, silver, diamond and platinum. It consists of different products such as necklace, ring, bracelet, hair ornaments, earring, leg & feet ornaments among others.
Among material, diamond segment accounted for largest revenue share in the luxury jewelry market in 2017, owing to rising demand for diamonds in rings. To cater to this demand, key players are introducing diamond engagement ring collections. For instance, in September 2018, Tiffany & Co. introduced new engagement ring line consisting of diamond rings. Among product type, necklace segment accounted for the largest market share in 2017 and is expected to retain its dominance, owing to lucrative demand for neckwear in Asian countries such as China, India, and Japan.
Europe dominated the market in 2017 and Asia Pacific is projected to be the fastest growing region in the global luxury jewelry market over the forecast period. Government initiatives are playing important role in growth of luxury jewelry in Asia Pacific. For instance, in India, The Gems and Jewelry Export Promotion Council (GJEPC) signed a Memorandum of Understanding with Maharashtra Industrial Development Corporation (MIDC) to build India’s largest jewelry park in Mumbai with overall investment of US$ 2.1 billion in 2018.
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Key features of the study:
• This report provides in-depth analysis of luxury jewelry market and provides market size (US$ billion) and compound annual growth rate (CAGR %) for the forecast period (2018–2026), considering 2017 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
• It profiles leading players in the global luxury jewelry market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Gucciogucci S.P.A., Harry Winston, Inc., Societe Cartier, Tiffany & Co, Compagnie Financiere Richemont SA, Buccellati Holding Italia SpA, Graff Diamonds Corporation, and Bulgari S.p.A among others
• Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology upgrade, market expansion, and marketing tactics
• The global luxury jewelry market report caters to various stakeholders in this industry including investors, suppliers, luxury jewelry manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the luxury jewelry market
Browse Complete Report with Table of Content at https://decisionmarketreports.com/market-reports/983770/luxury-jewelry-market
Detailed Segmentation:
• Global Luxury Jewelry Market, By Material:
o Gold
o Silver
o Diamond
o Platinum
o Others
• Global Luxury Jewelry Market, By Product Type:
1.
o Necklace
o Ring
o Bracelet
o Hair ornaments
o Earring
o Leg & Feet ornaments
o Others
• Global Luxury Jewelry Market, By End User:
1.
o Men
o Women
• Global Luxury Jewelry Market, By Distribution Channel:
1.
o Mono-brand stores
o Multi-brand boutiques
o Departmental stores
o Online stores
o Others
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