Global Jewelry Market With Analysis Of New Business Opportunities After Covid-19 Impact And Value Projected To USD 483.66 Million By 2028

Market Overview:
Global Jewelry Market was valued at USD 322.28 Million in 2021 and is expected to reach USD 483.66 Million by the year 2028, at a CAGR of 7%.

Jewelry is a timeless and imaginative means of personal expression and adornment, often worn on body parts like the ears, neck, fingers, or hands. It can also be attached to clothing. Jewelry is crafted from various materials like gold, platinum, and silver. Initially crude, manufacturers shape and style these materials into beautiful pieces through their craftsmanship. Precious metals like platinum, gold, and silver are commonly used to create necklaces, rings, bracelets, and more. To add even more elegance and sophistication, gemstones such as diamonds are often combined with these metals. While these materials can be expensive, there is also a market for costume Jewelry that offers affordability and variety. Wearing Jewelry can instantly boost confidence and enhance one's sense of style.

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Key Chapter Will Be Provided In The Report:
Harry Winston (US), Cartier (France), Van Cleef & Arpels (France), Buccellati(Italy), Mikimoto (Japan), Graff (UK), Tiffany & Co. (US), Pandora (Denmark), Chow Tai Foo (China), Louis Vuitton SE (France), Richemont (Switzerland), Piaget (Switzerland), Bvlgari (Italy), Chopard (Switzerland), Signet Jewelers Limited (Bermuda), Malabar Gold & Diamonds (India), Swarovski AG (Austra), Tanishq (India), Queen (China), Wallace Chan (China) and Other Major Players

Market Dynamics:
Driver:
The Jewelry market is experiencing growth due to increased consumer spending on designer Jewelry items. People are purchasing fashionable accessories that enhance the beauty and remain timeless. There is a rising demand for luxury Jewelry brands that utilize high-quality gemstones and expert craftsmanship. This trend is particularly evident in developed economies, where individuals are increasingly favouring branded items.

Opportunities:
The increasing acceptance of Jewelry among men is driving the growth of the Jewelry market. Jewelry, an accessory worn to enhance natural beauty, is no longer limited to women. Men now also desire to look good and feel confident, and Jewelry provides that extra confidence and sense of achievement. Manufacturers are focusing on men's jewelry, bringing innovation and attention to their designs. Popular products among men include cufflinks, tie bars, cartography necklaces, plain gold chains, and signet rings. This expanding customer base presents profitable opportunities for manufacturers. The introduction of new designs and emerging fashion trends are attracting men to purchase, thereby boosting the Jewelry market.

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Key Chapter Will Be Provided In The Report
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

Segmentation of the Jewelry Market
By Product Type
• Earring
• Necklace
• Ring
• Bracelet
• Others

By Material
• Diamond
• Gold
• Platinum
• Others

By Gender
• Female
• Male

Regional Analysis Of Jewelry Market
The Asia Pacific is anticipated to dominate the global jewelry market during the forecast period. China is leading in the production and consumption of jewelry in the global jewelry market, followed by North America and Europe. China and India are leading countries in the world jewelry market both are from this region, and there is strong demand for gold jewelry. The population is high and the rise in the middle-class population gives a boost to the jewelry industry. The Asia Pacific contributes the largest revenue share. This high market share is mainly due to the high demand for jewelry from the middle-class population in countries in this region including India and China, where gold is consumed on a large scale. A high consumption rate is helping the development of this region in the jewelry market.
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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Key Industry Development In Jewelry Market
In July 2021, Jewelry Export Promotion Council (GJEPC) and The World Gold Council and Gem and had signed an agreement to promote the gold jewelry in India. Both together are working on mixed media promotion of gold jewelry to attract Indian customers. The target market is a new generation.

In May 2022, India and UAE have a sine agreement for gems and jewelry import-export, and 1st cargo is going from New Delhi to Dubai. First duty-free shipment from India of gold and jewelry items containing three packages of gems, jewelry, and gold, worth $1 million was received by the UAE on Tuesday. Previously 5 percent duty is on items; about $50,000 tax is saved by UAE in this consignment.

Key Points Covered in Jewelry Market Report:
• Jewelry Overview, Definition and Classification Market drivers and barriers
• Jewelry Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Jewelry Market
• Jewelry Capacity, Production, Revenue (Value) by Region (2023-2030)
• Jewelry Supply (Production), Consumption, Export, Import by Region (2023-2030)
• Jewelry Production, Revenue (Value), Price Trend by Type
• Jewelry Manufacturers Profiles/Analysis Jewelry Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing

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