Luxury Jewelry Market Growth Rapidly 2019: 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

Luxury Jewelry Market report provides key enumeration on the Market status of the Luxury Jewelry manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. The research was conducted using an objective combination of primary and secondary information including inputs from key participants in the Luxury Jewelry industry. It delivers important information to identify and analyse the market need, market Growth and competition.

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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

Market-research techniques encompass qualitative techniques. The report helps the user to strengthen decisive power to plan their strategic moves to launch or expand their businesses by offering them a clear picture of this market. Luxury Jewelry Market Research Report gives current competitive analysis and also valuable insights to clients/industries, which will assist them to prepare a new strategy to expand or penetrate in a global Luxury Jewelry market.

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.

Market Dynamics

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 is the well-established market for luxury jewelry products. Key trends such as jewelry customization, increasing popularity of pop-up stores, and fusion of costume jewelry with trending fashion are boosting growth of the market in Europe. Moreover, rapid adoption of online luxury jewelry marketing is playing crucial role in boosting sales of luxury jewelry. Leading luxury jewelry brands such as David Yurman, Tiffany & Co., and Swarovski are combining online and offline activities to increase product visibility. These brands are continuously active on social media and markets their products through Instagram and Facebook.

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According to a study by Coherent Market Insights, 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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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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