The global Jewellery market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Jewellery includes ornamental pieces, such as rings, necklaces, earrings, bracelets, brooches, pendants, and cufflinks, worn for personal adornment. It is primarily available in fashion, which is affordable and can be worn on an everyday basis, and precious variants. The precious Jewellery is often decorated with gemstones and made using fine materials and metals like gold and silver. Nowadays, due to the advent of new materials, such as plastics and Precious Metal Clay (PMC), and increasing knowledge about different coloring techniques among craftsmen, several manufacturers are offering Jewellery in a variety of styles.
The increasing purchasing power of individuals represents one of the key factors influencing the demand for fine and intricate Jewellery across the globe. Moreover, due to the emerging fast fashion trend, several manufacturers are offering fashion Jewellery made of plated alloys and crystal stones via online platforms. They are also focusing on digital marketing to convey information about their products, generate brand awareness among individuals and build a long-term relationship with existing customers. Apart from this, several international retail groups are acquiring local brands to reach a broader consumer base and expand their market share. Moreover, diamond Jewellery is gaining traction around the world as it acts as an excellent form of investment, which can be utilized in the future in case of inflation, market collapse, and bankruptcy. Due to the spread of coronavirus disease (COVID-19) and lockdowns imposed by governments of several countries, investments in diamond Jewellery are increasing to survive the changing market conditions.
IMARC Group provides an analysis of the key trends in each sub-segment of the global Jewellery market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and material.
Breakup by Product:
Breakup by Material:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
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