According to the latest report by IMARC Group, titled “Jewellery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Jewellery refers to ornamental pieces, including rings, earrings, brooches, cufflinks, necklaces, bracelets, pendants, etc., that are worn for personal adornment. It can be made out of various types of materials, such as beads, pearls, amber, gemstones, coral, precious metals, flowers, enamel, etc. Jewelry can be attached to clothes or the body. It ranges from affordable, everyday jewelry to precious alternatives. The introduction of new materials, such as Precious Metal Clay (PMC), is encouraging several manufacturers to offer numerous variants.
The inflating disposable incomes and rising purchasing power of individuals are driving the global jewelry market. Furthermore, various key players are also offering jewelry made of plated alloys and crystal stones owing to the emerging fashion trends, thereby augmenting the product demand. Moreover, the expanding digital marketing sector helps product manufacturers in generating brand awareness among consumers and building long-term relationships with existing customers. Additionally, numerous international retail groups are collaborating with local brands to reach a broader consumer base, thereby fueling the market growth. Apart from this, gold jewelry is gaining traction as a form of investment in case of a market collapse, inflation, bankruptcy, etc., which is anticipated to bolster the market growth in the coming years.
Jewellery Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global jewellery market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Buccellati (Compagnie Financière Richemont SA)
- Chow Tai Fook Jewellery Company Limited
- Harry Winston Inc (The Swatch Group)
- LVMH Moët Hennessy Louis Vuitton
- Pandora A/S
- Rajesh Exports Ltd.
- Signet Jewelers
Key Market Segmentation:
The report has segmented the global jewellery market on the basis of product, material and region.
Breakup by Product:
Breakup by Material:
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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