Gems and Jewelry Market Will Exhibit an Impressive Expansion by 2026 , Leading By Top Key Players | Jewelry Group, Signet Jewelers, Emperor Watch & Jewelery Ltd

Gems and Jewelry Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. Several leading companies are aiming on investing in the marketing, advertising, and launching of new showrooms for increasing publicity and expanding their presence in the market. 𝐅𝐨𝐫 𝐢𝐧𝐬𝐭𝐚𝐧𝐜𝐞, 𝐢𝐧 𝟐𝟎𝟏𝟕, 𝐊𝐚𝐥𝐲𝐚𝐧 𝐉𝐞𝐰𝐞𝐥𝐞𝐫𝐬 𝐩𝐥𝐚𝐧𝐧𝐞𝐝 𝐭𝐨 𝐢𝐧𝐯𝐞𝐬𝐭 𝐔𝐒$ 𝟕𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 to add 15 new showrooms to their on-going expansion in Eastern and Northern regions of India.

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The major drivers of this market include growing demand for crafted premium jewelry and precious gems. According to World Gold Council, the demand for gold jewelry has increased by around 3% in the final quarter of 2017 from its third quarter. Furthermore, changing consumer preferences towards light weight handcrafted jewelry is boosting growth of the market.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐆𝐞𝐦𝐬 𝐚𝐧𝐝 𝐉𝐞𝐰𝐞𝐥𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤
➤Asia Pacific dominated the global gems and jewelry market in 2016 with India and China leading the market growth. According to the Gem and Jewelry Export Promotion Council, India's exports of 75% of the world's polished diamonds rose from US$ 11.16 billion in 2004-05 to US$ 22.78 billion in 2016-17. According to IBEF (India Brand Equity Foundation) 2018, gems and jewelry sector plays a significant role in the Indian economy contributing up to 7 percent of the country's GDP and 15.7 percent to India's total exports.

➤North America witnessed significant growth in the gems and jewelry market with U.S. dominating the market in the region. The growth is attributed by the higher income levels in the U.S., which translates into higher demand for personal consumption of items such as diamond jewelry.

➤The U.S also has one of the highest gold allocations as a percentage of its foreign reserves.
Middle East witnessed significant growth in the gems and jewelry market with GCC countries fueling the market growth in this region. According to National Bank of Fujairah, UAE's diamond financing industry has grown by around 200% from US$ 500 million in 2010 to US$ 1.5 billion in 2017.

𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐆𝐞𝐦𝐬 𝐚𝐧𝐝 𝐉𝐞𝐰𝐞𝐥𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭:
Chow Tai Fook (Holdings) Limited, Compagnie Financière Richemont, Jewelry Group, Signet Jewelers, Emperor Watch & Jewelery Ltd., Blue Nile, Zale Titan, Gitanjali Group, Tiffany & Company

𝐆𝐥𝐨𝐛𝐚𝐥 𝐆𝐞𝐦𝐬 𝐚𝐧𝐝 𝐉𝐞𝐰𝐞𝐥𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐚𝐱𝐨𝐧𝐨𝐦𝐲

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞
Gold Jewelry
Diamond Jewelry
Platinum Jewelry
Others

𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥
Specialty Stores
Online Stores
Others

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𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:
➤September 2019: Acquisitions/Mergers/Takeovers; Compagnie Financière Richemont acquired 100% stake in an Italy-based company, Buccellati Holding Italia SpA. Additionally, October 2019, the company acquired Buccelati from China Gangtai Group.

➤March, 2017: Contracts/Agreements; Chow Tai Fook Jewellery Group Ltd. partnered with Laox to open its branded store in Tokyo, Japan.

➤Year 2013: Acquisitions/Mergers/Takeovers; Richemont acquired Antica Ditta Marchisio, an Italy-based company specializing in the creation and hand-crafting of jewellery and gold items.

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𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭𝐬
➤Research Objectives and Assumptions
➤Market Purview
➤Market Dynamics, Regulations, and Trends Analysis
➤Global Gems and Jewelry Market - Impact of Coronavirus (Covid-19) Pandemic
➤Global Gems and Jewelry Market, By Application, 2018-2026(US$ Mn)
➤Global Gems and Jewelry Market, By End-Use, 2018-2026 (US$ Mn)
➤Global Gems and Jewelry Market, By Region, 2018-2026 (US$ Mn)

𝐑𝐄𝐒𝐄𝐀𝐑𝐂𝐇 𝐌𝐄𝐓𝐇𝐎𝐃𝐎𝐋𝐎𝐆𝐘:-
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