Platinum Jewellery Market 2023 Latest Trend, Demand and Business Outlook by Top Key Players | Graff, Harry Winston, Cartier

The Global Platinum Jewellery Market study with 132+ market data tables, Pie charts & Figures is now released by HTF MI.
The research assessment of the Market is designed to analyse futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029.
The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future.
The detailed information is based on current trends and historic milestones.
Some of the players studied are Harry Winston (United States) Cartier (France) Van Cleef & Arpels (France) Buccellati (Italy) Tiffany & Co. (United States) Graff (United Kingdom) Piaget (Switzerland) Bvlgari (Italy) Mikimoto Chopard (Switzerland).

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The Global Platinum Jewellery Market was valued at USD 25.63 Billion in 2023 and is expected to reach USD 36.43 Billion by 2029, growing at a CAGR of 5.4% during 2023-2029.

Definition:
Platinum jewelry refers to jewelry items that are crafted using platinum, a precious metal known for its rarity, durability, and distinctive white color. Platinum is a dense and malleable metal, making it well-suited for intricate and detailed designs in jewelry. It is often used in combination with diamonds and other precious gemstones to create elegant and high-quality pieces.

Market Trends:
Vintage-inspired and antique-looking platinum jewelry was gaining popularity.
Designs reminiscent of different historical periods, such as Art Deco or Victorian eras, were in vogue.

Market Drivers:
Platinum is considered a precious metal with a high level of rarity and purity.
Its association with luxury and exclusivity makes it attractive to consumers seeking high-end jewelry, such as engagement rings and wedding bands.

Market Opportunities:
Continual innovation in design can create opportunities for jewelry designers and manufacturers.
Experimenting with new and creative designs, possibly influenced by cultural trends, sustainability, or technological advancements, can set platinum jewelry apart in the market.

Global Platinum Jewellery Market Competitive Analysis

Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.

Players Included in Research Coverage: Harry Winston (United States) Cartier (France) Van Cleef & Arpels (France) Buccellati (Italy) Tiffany & Co. (United States) Graff (United Kingdom) Piaget (Switzerland) Bvlgari (Italy) Mikimoto Chopard (Switzerland)

Additionally, Past Global Platinum Jewellery Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.

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Segmentation and Targeting

Essential demographic, geographic, psychographic, and behavioural information about business segments in the Platinum Jewellery market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behaviour, and patterns.

Platinum Jewellery Product Types In-Depth: Rings, Necklace, Earring, Bracelets, Others

Platinum Jewellery Major Applications/End users: Men, Woman

Platinum Jewellery Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyse the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyse reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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