The global Luxury
Jewelry Market size is expected to reach USD 65.54 billion by 2025
registering a CAGR of 7.6. Growing demand for jewelry as an investment and
demand for luxury items is expected to boost the overall market over the
forecast period. Changing lifestyle and rising usage of jewelry as substitute
accessories to denote the style statement as per changing fashion trend is projected
to drive the demand further.
Influence of western culture on developing
economies, such as India, China, and Bangladesh, along with quick adoption of
new cultural trends in these countries is also anticipated to increase the
product demand over the next few years. The female application segment is
expected to lead the global market from 2019 to 2025 on account of availability
of innovative designs and types of jewelry for women. Moreover, growing
economic independence of females plays a significant role in the development of
this segment.
Increasing trend of customized and personalized
jewelry products, such as bracelets, chains, rings, and pendants, is also
expected to boost the product demand. Asia Pacific accounted for more than 63%
of the global market share in 2018 due to multipurpose use of jewelry, such as
in various rituals and traditions and for investment purposes, and as fashion
trend. New product launches from the leading companies are also expected to
propel the luxury jewelry market growth.
Companies in this market focus on making new designs
to make their style statement in the market. For example, in February 2019,
Harry Winston Co. launched a new segment of jewelry watches for women. Through
such innovative products, companies are trying to capture new markets,
especially in North America and Europe, and to maintain a their position in the
existing markets of developing countries.
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Further
key findings from the study suggest:
• Gold-based jewelry was the dominant material
segment and is projected to expand further at the highest CAGR of 7.8% from
2019 to 2025 due to high demand, particularly in the developing countries of
APAC
• Ring product segment is expected to witness the maximum
CAGR of 7.8% from 2019 to 2025 due to rising demand for the product
• Offline distribution channel accounted for the
highest market share of 59.39% in 2018 and is likely to maintain the dominance
throughout the forecast years as customers emphasize on proper examination of
the product before buying it
• Moreover, due to high prices of these products,
customers prefer offline channels over any other means of distribution
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Table
of Contents
Chapter
1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter
2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter
3. Luxury Jewelry Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.1.1. Supplier
Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution
Threat
3.5.1.4. Threat from
New Entrant
3.5.1.5. Competitive
Rivalry
3.6. Roadmap of Luxury Jewelry Market
3.7. Market Entry Strategies
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Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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