Jewellery Market Size, Business Opportunity and Future Demand by 2028 | IMARC Group

IMARC Group, a leading market research company, has recently releases report titled "Jewellery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Report Highlights

How big is the Jewellery market?

The.global jewellery market is expected to exhibit a growth rate (CAGR) of 5.9% during 2023-2028.

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What are Jewellery?

Jewellery refers to ornamental pieces, such as earrings, rings, necklaces, and bracelets, that are primarily made using precious materials, including gold, platinum, gems, and silver. They are manufactured by refining, shaping, and crafting jewels and gemstones, such as amber, shells, beads, diamond, and corals, with precious metals, and are worn for personal adornment. They are also available in different price ranges and designs and are a valuable asset for investment purposes. Currently, jewellery is witnessing a significant demand across the globe as a marker of social status, a symbol of personal meaning, a signifier of ethnic and religious beliefs, or simply an artistic display.

What Are the Growth Prospects and Trends in the Jewellery Industry?

The inflating consumer expenditure power and the growing social media influence are some of the key factors accelerating the market growth. Moreover, the rapidly changing fashion trends and the rising consumer awareness regarding fine jewellery as a form of investment are acting as other growth-inducing factors. In line with this, key market players are introducing new product variants with rare gemstones and are heavily investing in creating brand awareness, which, in turn, is creating a positive outlook for the market.

Besides this, the development of new materials, such as precious clay metals (PMC) and plated alloys, the availability of fine jewellery in online retail stores, and the establishment of several international retail groups are providing an impetus to the market growth.

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Who are the key players operating in the industry?

The report covers the major market players including: 

Buccellati (Compagnie Financière Richemont SA)
Chow Tai Fook Jewellery Company Limited
Graff
Harry Winston Inc (The Swatch Group)
HStern
LVMH Moët Hennessy Louis Vuitton
Pandora A/S
Rajesh Exports Ltd
Signet Jewelers and Swarovski

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

Necklace
Ring
Earrings
Bracelet
Others

Breakup by Material:

Gold
Platinum
Diamond
Others

Breakup by Region:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

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