Jewellery Market Is Booming Worldwide

Pune, Maharashtra -- (SBWire) -- 09/05/2023 --The latest study released on the Global Jewellery Market by HTF MI Research evaluates market size, trend, and forecast to 2029. The Jewellery market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Key Players in This Report Include:
Chow Tai Fook Jewellery (China), LVMH (Paris), Richemont (Switzerland), Signet Jewelers (Hamilton), Maria Black (Denmark), Missoma (United Kingdom), Gaviria (United Kingdom), Maria Tash (United States), Katerina Makriyianni (United Kingdom), Swarovski (Austria).

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According to HTF Market Intelligence, the Global Jewellery market to witness a CAGR of 8.19% during forecast period of 2023-2029. The market is segmented by Application (Men, Women) by Type (Fine Jewellery, Costume Jewellery) by Sales Channel (Online, Offline) and by Geography (North America, South America, Europe, Asia Pacific, MEA).

Definition:
Growing demand due to innovation in designs and changing fashion trends will help to boost the global jewelry market in the forecasted period. Jewelry refers to ornaments such as earrings, neckless, bracelets, pendants, stones, rings, and metals. Jewelry is available in the form of gold, silver, diamond, platinum, and gems. Upsurging demand for jewelry on Retail and e-commerce platform will help to boost the global jewelry market. Government initiative towards Jewellery market is helping to the triggered global market. for example, The Bureau of Indian Standards (BIS) has revised the standard on gold hallmarking in India from January 2018. The gold jewelry hallmark will now carry a BIS mark, purity in carat and fitness as well as the unit’s identification and the jeweler’s identification mark. The move is aimed at ensuring a quality check on gold jewelry.

Market Trends:
- High Adoption Due to Use of Computer Aided Designing (CAD)
- Rising Inclination Towards Smart Jewellery
- Growing Demand Due to Innovation in Designs and Changing Fashion Trends

Market Drivers:
- Rising GDP per Capita Globally
- Increasing Number of Working Women’s
- Decrease Prices of Gold and Silver
- Growing High Net Worth Individuals (HNWI) Population

Market Opportunities:
- Rising Adoption of Blockchain Tracking System for Diamond
- Improved Marketing and Promotional Strategies
- Upsurging Demand of Jewellery on Retail and E-commerce Platform

Major Highlights of the Jewellery Market report released by HTF MI

Market Breakdown by Applications: Men, Women

Market Breakdown by Types: Fine Jewellery, Costume Jewellery

Global Jewellery market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report
- -To carefully analyze and forecast the size of the Jewellery market by value and volume.
- -To estimate the market shares of major segments of the Jewellery market.
- -To showcase the development of the Jewellery market in different parts of the world.
- -To analyze and study micro-markets in terms of their contributions to the Jewellery market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Jewellery market.
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Jewellery market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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Major highlights from Table of Contents:
Jewellery Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Jewellery market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Jewellery Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Jewellery Market Production by Region Jewellery Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Jewellery Market Report:
- Jewellery Overview, Definition and Classification Market drivers and barriers
- Jewellery Market Competition by Manufacturers
- Jewellery Capacity, Production, Revenue (Value) by Region (2023-2029)
- Jewellery Supply (Production), Consumption, Export, Import by Region (2023-2029)
- Jewellery Production, Revenue (Value), Price Trend by Type {Fine Jewellery, Costume Jewellery}
- Jewellery Market Analysis by Application {Men, Women}
- Jewellery Manufacturers Profiles/Analysis Jewellery Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered
- How feasible is Jewellery market for long-term investment?
- What are influencing factors driving the demand for Jewellery near future?
- What is the impact analysis of various factors in the Global Jewellery market growth?
- What are the recent trends in the regional market and how successful they are?

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