Press release
Costume Jewelry Market 2018 : By Key Players Avon Product Inc., Buckley London, Cartier, Swank, Inc., Louis Vuitton, DCK Concessions, Billig Jewelers Inc., Stuller Inc., Giorgio Armani S.p.A, and BaubleBar Inc.
Costume Jewelry
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Market Dynamics
Increasing inclination of population towards aesthetic appearance, growing fashion consciousness, and changing standards of living are the key factor driving costume jewelry market growth. Costume jewelry is in high demand among working women, teenagers, and corporate people. Innovation and adoption of new technology in costume jewelry helps to attract the customers.
Popularity of costume jewelry among different age group across the globe is creating immense opportunity for growth of the market. According to a report by Gem and Jewelry Export Promotion Council (GJPEC) 2017, total export of costume fashion jewelry in 2016, from India was US$ 67 Million, which grew by 116.1% from the previous year.
Market Outlook
North America held highest market share in the global market in 2017. The region is projected to maintain its dominance over the forecast period, owing to increasing online retail market, increase in prices of gold, silver and diamond and affordable prices of costume jewelry help to boost the costume jewelry market.
Asia Pacific is projected to be the fastest growing region in the market over the forecast period, owing to factors such as rising disposable income, abundant availability of raw materials, urbanization & westernization, and growth of e-commerce websites. Emerging economies such as China and India are creating immense opportunities for growth of the market.
Key players in Global Costume Jewelry Market
Key players operating in the global costume jewelry market include Avon Product Inc., Buckley London, Cartier, Swank, Inc., Louis Vuitton, DCK Concessions, Billig Jewelers Inc., Stuller Inc., Giorgio Armani S.p.A, and BaubleBar Inc.
Market Taxonomy
On the basis of product type, the global costume jewelry market is segmented into:
Necklaces & Chains
Earrings
Rings
Cufflinks & studs
Bracelets
Others (Brooches, Pendants, Anklets, Pins)
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