1. What is the projected Compound Annual Growth Rate (CAGR) of the JEWELRY Market?
The projected CAGR is approximately 4.99%.
JEWELRY Market by Product (Necklace, Earrings, Ring, Bracelet, Others), by Material Type (Gold, Platinum, Diamond, Others), by End-user (Men, Women), by By Product (Necklace, Earrings, Ring, Bracelet, Others), by Europe (Germany, France, Italy, Spain, U.K., Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by Middle East & Africa (South Africa, UAE, Rest of the Middle East & Africa) Forecast 2025-2033
The JEWELRY Market size was valued at USD 224.39 USD Billion in 2023 and is projected to reach USD 315.53 USD Billion by 2032, exhibiting a CAGR of 4.99 % during the forecast period. Jewellery, a practice that has adorned history for millennia, is a flashing art form which shows off personal taste and cultural heritage. The term jewellery is used to designate the adornments either worn for ornamentation purposes or for expressing one’s cultural and personal attributes. This can be anything from gold and silver to petrified trees or intricate strings of beads. Generally, the different styles are crafted as different accessories such as rings, necklaces, bracelets, earrings, and brooches, each having its individual craftsmanship and symbolism attached to it. It comes in various designs, from the clean simple ones to the most luxurious and detailed ones. The diversity of the designs reflects the different tastes and the nature of the event. Beyond decoration, jewellery has additional purposes including status symbols, cultural references, and for some religions, the belief in spirits, but not mere aesthetics. Nowadays, jewellery is used not only for fashion but also for celebrations, rituals, and investments, providing us with a material embodiment of a distant past and our identity. Jewellery offers more than just aesthetic value here, as it becomes the vessel through which you can celebrate important moments and make deep ties with people.
January 2023 - Tanishq, a Titan Ltd-owned jewelry brand, entered the U.S. market by opening its first store in New Jersey.
September 2022 - Chaulaz Heritage Jewellery, an Indian designer ornament brand, strengthened its bridal portfolio by launching the ‘Basra’ collection.
August 2022 - Pandora announced that it would move ahead with its lab-made diamonds and stop selling mined diamonds.
The report on the global Jewelry market provides comprehensive coverage of historical, current, and future market scenarios. The report includes data on key industry trends, market dynamics, growth drivers, challenges, restraints, and opportunities in this market. The report also includes details on the competitive landscape, including detailed company profiles of the leading players in the market.
The report provides insights on the regional analysis of the Jewelry market. The report analyzes the market across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The report provides a detailed analysis of the consumer side of the Jewelry market. The report covers consumer trends, preferences, and behavior. The report also includes insights on consumer segmentation and buying patterns.
The report provides insights on the DROCs (direct-to-consumer) aspect of the Jewelry market. The report covers DROCs trends, challenges, and opportunities. The report also includes insights on the DROCs competitive landscape.
The report provides insights on the acqui-merger aspect of the Jewelry market. The report covers acqui-merger trends, challenges, and opportunities. The report also includes insights on the acqui-merger competitive landscape.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 4.99% from 2019-2033 |
Segmentation |
|
Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 4.99%.
Key companies in the market include Harry Winston, Inc. (U.S.), Chopard (Switzerland), Pandora Jewelry, LLC. (U.S.), Chow Tai Fook Jewellery Company Limited (Hong Kong), Tiffany & Co. (U.S.), Rajesh Exports Ltd (India), Cartier International SNC (France), Signet Jewelers Limited (Bermuda), Chanel (France), LVMH Moët Hennessy (France).
The market segments include Product, Material Type, End-user.
The market size is estimated to be USD 315.53 USD Billion as of 2022.
Increasing Disposable Income and Spending Power of Consumers to Favor Market Growth.
Focus on Incorporating Technical Features to Surge Product Demand.
Strict Regulations on Import & Export and Implementation of Value-added Tax Are Restraining Market Growth.
January 2023 – Tanishq, a Titan Ltd-owned jewelry brand, entered the U.S. market by opening its first store in New Jersey. The store houses over 6,500 jewels designs in 18 and 22-karat gold and diamond.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
The market size is provided in terms of value, measured in USD Billion and volume, measured in Kg.
Yes, the market keyword associated with the report is "JEWELRY Market," which aids in identifying and referencing the specific market segment covered.
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
To stay informed about further developments, trends, and reports in the JEWELRY Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.
Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.
We use cookies to enhance your experience.
By clicking "Accept All", you consent to the use of all cookies.
Customize your preferences or read our Cookie Policy.