The global pearl jewelry market size reached US$ 10.49 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.37 Billion by 2028, exhibiting a growth rate (CAGR) of 12.9% during 2023-2028. The evolving fashion trends, the easy product availability across e-commerce platforms, and the rising product demand due to the increasing advertisements and celebrity endorsement represent some of the key factors driving the market.
Pearl Jewelry Market Size in 2022
|US$ 10.49 Billion
Pearl Jewelry Market Forecast in 2028
|US$ 22.37 Billion
|Pearl Jewelry Market Growth Rate (2023-2028)
Pearl jewelry is unique gemstones used to produce ornamental pieces, such as rings, necklaces, earrings, bracelets, and pendants worn for personal adornment. It is made by shaping, refining, and crafting small or big-size pearls fixed in various patterns and designs. Pearls are glistening and beautiful objects produced inside living shelled mollusks. They are white in color due to the calcium carbonate deposition. They are widely occurred naturally and are also curated or farmed from pearl oysters. Conventionally, pearls are associated with healing properties and maintaining emotional balance of an individual. Consequently, pearls serve as a popular choice for carving jewelry products worn generally as a marker of social status, a signifier of ethnic and religious beliefs, a symbol of personal meaning, or simply an artistic display.
Pearl Jewelry Market Trends:
The evolving fashion trends and the increasing self-consciousness among the masses to improve overall appearance across the globe are among the key factors driving the market growth. In line with this, the widespread product adoption as a form of gift on special occasions, including birthdays, anniversaries, and valentine's day, is favoring the market growth. Additionally, the rising product demand due to the increasing advertisements and celebrity endorsement is acting as another growth-inducing factor. Apart from this, the various product innovations, such as the introduction of customized pearl jewelry in terms of design, color, and material that are tailored to create uniqueness, are providing an impetus to the market growth. Moreover, the utilization of computer-aided technology in jewelry designing to make more accurate and precise designs is propelling the market growth. Furthermore, the widespread adoption of earrings, neckpieces and rings among the working women population to match their outfits is positively influencing the market growth. Besides this, the increasing number of financially independent people who spend on luxury items that can enhance their fashion statement is providing a considerable boost to the market growth. In addition to this, the extensive utilization of saltwater pearls due to the high demand for luxurious and high-quality ornaments is creating a positive outlook for the market. Other factors, including the increasing awareness regarding fine jewelry as a form of investment, rising penetration of the internet, easy product availability across e-commerce platforms and the growing purchasing power of the masses, are anticipated to create a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global pearl jewelry market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on pearl type, type, and material.
Pearl Type Insights:
A detailed breakup and analysis of the pearl jewelry market based on the pearl type has also been provided in the report. This includes freshwater and saltwater. According to the report, saltwater accounted for the largest market share.
The report has provided a detailed breakup and analysis of the pearl jewelry market based on the type. This includes necklace, earrings, rings and others.
A detailed breakup and analysis of the pearl jewelry market based on the material has also been provided in the report. This includes gold, silver, and others.
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia Pacific was the largest market for pearl jewelry. Some of the factors driving the Asia Pacific pearl jewelry market included the easy product availability across e-commerce platforms, the increasing purchasing power of the masses, and continually evolving fashion trends.
The report has also provided a comprehensive analysis of the competitive landscape in the global pearl jewelry market. Detailed profiles of all major companies have also been provided. Some of the companies covered include American Pearl Company Inc, Atelier Mon, Chandrani Pearls, Chow Tai Fook Jewellery Company Limited, Dogeared Inc, Majorica Pearl, Mikimoto, Misaki, Shop TJC Limited, Tanishq Titan Company Ltd., Tasaki & Co. Ltd, The Pearl Source, Tiffany and Co. (LVMH Moët Hennessy Louis Vuitton), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
|Pearl Types Covered
||Necklace, Earrings, Rings, Others
||Gold, Silver, Others
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||American Pearl Company Inc, Atelier Mon, Chandrani Pearls, Chow Tai Fook Jewellery Company Limited, Dogeared Inc, Majorica Pearl, Mikimoto, Misaki, Shop TJC Limited, Tanishq Titan Company Ltd., Tasaki & Co. Ltd, The Pearl Source, Tiffany and Co. (LVMH Moët Hennessy Louis Vuitton), etc.
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Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the pearl jewelry market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global pearl jewelry market.
- The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the pearl jewelry industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.