[Latest] Global Jewelry Market Size/Share Worth USD 517.27 Billion by 2030 at a 8.25% CAGR: Facts & Factors (Industrial Trends, Report, Analysis, Players, Outlook, Statistics, Forecast, Growth, Value, Segmentation)The global jewelry market size was valued at USD 256 billion in 2021 and is expected to surpass USD 517.27 billion by 2030, registering a CAGR of 8.25% during the forecast period (2022- 2030), as highlighted in a report published by Facts & Factors. The key market players listed in the report with their sales, revenues and strategies are Pandora, Tiffany & Co., Swarovski AG, GRAFF, Malabar Gold & Diamonds, Louis Vuitton SE, Chow Tai Fook, and others. SAN FRANCISCO, U.S., Feb. 13, 2023 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “ Jewelry Market Size , Share, Growth Analysis Report By Material (Diamond, Platinum, Gold, and Others), By Distribution Channel (Online and Offline), By Product (Ring, Necklace, Bracelet, Earring, and Others), By Type (Real and Imitation), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030” in its research database. “According to Facts and Factors, the global jewelry market size was worth around USD 256 billion in 2021 and is predicted to grow to around USD 517.27 billion by 2030 with a compound annual growth rate (CAGR) of roughly 8.25% between 2022 and 2030.” Jewelry Market Overview: Jewelry is a decorative item that can have personal applications or be used as a means of wealth storage. Personal adornments like brooches, rings, earrings, necklaces, anklets, bracelets, cufflinks, and toe rings are examples of jewelry. Since past many centuries various stones, gemstones, or rare metals have been used to create or produce jewelry but it can also be created using rather normal materials like shells, glasses, and plant materials Jewelry can be purchased or worn for multiple purposes like storing it as a form of currency, for storage reasons, or as a means of showing wealth. The functional application includes the use of pins, clasps, or buckles. It can also be used as a means of symbolism to show membership or belonging to a certain group or for artistic display. Get a Free Sample PDF of this Research Report for more Insights - https://www.fnfresearch.com/sample/jewelry-market Report Scope: Report Attribute Details Market Size in 2021 USD 256 Billion Projected Market Size in 2030 USD 517.27 Billion CAGR Growth Rate 8.25% CAGR Base Year 2021 Forecast Years 2022-2030 Key Market Players Pandora, Tiffany & Co., Swarovski AG, GRAFF, Malabar Gold & Diamonds, Louis Vuitton SE, Chow Tai Fook, and others. Key Segment By Material, Distribution Channel, Product, Type, and Region Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa Purchase Options Request customized purchase options to meet your research needs. Explore purchase options Key Insights from Primary Research As per the analysis, the jewelry market share is likely to grow above a CAGR of around 8.25% between 2022 and 2030. The Jewelry market size was worth around US$ 256 billion in 2021 and is estimated to hit approximately US$ 517.27 billion by 2030 . Due to a variety of driving factors, the market is predicted to rise at a significant rate. The market is projected to grow at a significant rate due to the growing return on investment value of the jewelry Based on material segmentation, gold was predicted to show maximum market share in the year 2021 Based on product segmentation, the ring was the leading type in 2021 On the basis of region, Asia-Pacific was the leading revenue generator in 2021 Directly Purchase a Copy of the Report | Quick Delivery Available - https://www.fnfresearch.com/buynow/su/jewelry-market Market Dynamics: Growth Drivers Growing return on investment (ROI) to propel market demand The global jewelry market growth is expected to be influenced by the value that fine jewelry holds in today’s modern world where consumerism is at an all-time high. With jewelry, even if the current rate of materials is low, there is always a high chance that the price may bounce back up making it ideal to be sold as the profit rate increases. In the current volatile economic world where other means of investments have certain rates of risks associated with them, the threat of value-reduction with fine quality jewelry is significantly low or negligible. Platinum is one of the most valuable and highly expensive materials used for jewelry creation and is currently accessible only to certain segments of the world population. Other factors like growth in disposable income, rising use of advanced technologies to design and create unique jewelry like the use of 3-dimensional printing techniques, increasing collaboration, and high potential of the unexplored market could further drive the global market growth. Additional contributing factors could be the growing awareness rate amongst the population regarding product authenticity, the presence of financial assistance, and the collaboration of jewelry brands with e-commerce businesses could lead to more revenue generation. Restraints High cost to restrict market expansion The growing number of people switching to artificial or imitation jewelry may act as a threat to global market growth as these products are cheaper as compared to fine jewelry. They also lead to the encouragement of consumerism which can greatly impact sustainable growth in the coming years. The changing political dynamic amongst major players, ongoing social stress across multiple countries, war-torn areas, and the general greed of large corporations that cause the exploitation of people living in areas with huge gold or diamond reserves could lead to growth limitations. Opportunities & Challenges The increasing investments may provide growth opportunities while understanding changes in consumer behavior could act as a major challenge. Jewelry Market: Segmentation Analysis The global jewelry market is segmented based on material, distribution channel, product, type, the region Based on distribution channels, the global market divisions are online and offline with the latter dominating the global market growth in 2021. Although various brands have started making use of online channels to sell products and reach a consumer database, people tend to have more trust in buying expensive jewelry items using offline mode which means physically visiting the stores. This allows consumers to see the product first hand and it also guarantees the authenticity of the product. In stores, consumers have the option to custom-make the products or get the same design as they would from an online portal. In the fiscal year 2022, the jewelry segment of Titan Company Limited amassed revenue of USD 3.04 billion, a jump of 36% from the sales in the previous year. Based on type, the global market is divided into real and imitation with the former leading the global market growth. Although there is a significant consumer database that prefers to spend on imitation jewelry, the prices of fine jewelry are multiple times higher than the cost of imitation jewelry making the segment revenue more valuable. The Chanel Coco Crush range of rings by Chanel with up to 18 karats of yellow gold costs around USD 3,400. Browse the full “ Jewelry Market Size, Share, Growth Analysis Report By Material (Diamond, Platinum, Gold, and Others), By Distribution Channel (Online and Offline), By Product (Ring, Necklace, Bracelet, Earring, and Others), By Type (Real and Imitation), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030” Report at https://www.fnfresearch.com/jewelry-market Regional Analysis: Asia-Pacific to lead with the highest growth Asia Pacific is anticipated to lead the global jewelry market with China and India emerging as the dominant regions. China currently has the largest diamond reserve in Asia whereas India is the world’s largest exporter of a diamond. India does not really produce diamonds in large quantities but it has the biggest market for polishing diamonds. The regional population generally tends to spend on fine jewelry as a means of investment which is further propelled by the growing pattern of materialism in the local regions. A 2013 survey claimed that the Chinese tend to identify success depending on the materialistic things owned by the people. Growth In North America is expected to be dominated by the US which is one of the largest consumers of fine jewelry. Competitive Players: The report contains qualitative and quantitative research on the global jewelry market, as well as detailed insights and development strategies employed by the leading competitors. Some of the main players in the global jewelry market include; Pandora Tiffany & Co. Swarovski AG GRAFF Malabar Gold & Diamonds Louis Vuitton SE Chow Tai Fook Request for Customization on this Report as per your requirements - https://www.fnfresearch.com/customization/jewelry-market (We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.) Recent Industry Developments: In September 2022, an Indian multi-brand e-commerce company called D2C Ecommerce acquired Mumbai-based jewelry firm AccessHer. This move is expected to help D2C expand its business profile by foraying into the jewelry segment In June 2022, Natural Diamond Council, a non-profit organization working for the improvement of the diamond sector, announced its entry into the United Aram Emirates (UAE) market by collaborating with 3 leading jewelry brands The global jewelry market is segmented as follows: By Material Diamond Platinum Gold Others By Distribution Channel Online Offline By Product Ring Necklace Bracelet Earring Others By Type Real Imitation By Region North America The U.S. Canada Europe France The UK Spain Rest of Europe Asia Pacific China Japan India Southeast Asia Rest of Southeast Asia The Middle East & Africa GCC South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America Request Your Free Sample Report of the Global Jewelry Market @ https://www.fnfresearch.com/sample/jewelry-market Key Offerings: Market Size, Trends, & Forecast by Revenue | 2022−2030 Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities Market Segmentation – A detailed analysis by Material, Distribution Channel, Product, Type, and Region Competitive Landscape – Top Key Vendors and Other Prominent Vendors Browse Other Related Research Reports from Facts & Factors Spas And Beauty Salons Market | Global Industry Insights, Growth, Size, Share: https://www.fnfresearch.com/global-spas-and-beauty-salons-market-by-type-804 Smart Kitchen Appliances Market | Global Industry Trends and Forecast: https://www.fnfresearch.com/smart-kitchen-appliances-market E-Tourism Market | Global Industry Analysis, Growth, Trends and Outlook: https://www.fnfresearch.com/e-tourism-market Fabric Conditioner Market | Global Industry Insights, Share, Comparative Analysis Report: https://www.fnfresearch.com/fabric-conditioner-market Baby Bath Tub Market | Global Industry Trends and Forecast Report: https://www.fnfresearch.com/baby-bath-tub-market Global Lawn & Garden Consumables Market Industry Insights, Growth, Trends and Forecast: https://www.fnfresearch.com/lawn-and-garden-consumables-market About Facts & Factors: Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business. Contact Us: Facts & Factors USA: +1 347 690-0211 | UK: +44 2032 894158 | Japan: +81 50 5806 9039 | India: +91 73877 19999 Email: sales@fnfresearch.com | Web: https://www.fnfresearch.com Follow Us on - LinkedIn | Twitter | Facebook Also Read Our Blogs: http://fnfnewsblog.com https://www.fnfresearch.com/blog/ GlobeNewswireFebruary 13, 2023 - 6:05 AM PSTNews by QuoteMediawww.quotemedia.com

SAN FRANCISCO, U.S., Feb. 13, 2023 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “ Jewelry Market Size , Share, Growth Analysis Report By Material (Diamond, Platinum, Gold, and Others), By Distribution Channel (Online and Offline), By Product (Ring, Necklace, Bracelet, Earring, and Others), By Type (Real and Imitation), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030” in its research database. Purple Rhinestones

“According to Facts and Factors, the global jewelry market size was worth around USD 256 billion in 2021 and is predicted to grow to around USD 517.27 billion by 2030 with a compound annual growth rate (CAGR) of roughly 8.25% between 2022 and 2030.”

Jewelry is a decorative item that can have personal applications or be used as a means of wealth storage. Personal adornments like brooches, rings, earrings, necklaces, anklets, bracelets, cufflinks, and toe rings are examples of jewelry. Since past many centuries various stones, gemstones, or rare metals have been used to create or produce jewelry but it can also be created using rather normal materials like shells, glasses, and plant materials

Jewelry can be purchased or worn for multiple purposes like storing it as a form of currency, for storage reasons, or as a means of showing wealth. The functional application includes the use of pins, clasps, or buckles. It can also be used as a means of symbolism to show membership or belonging to a certain group or for artistic display.

Get a Free Sample PDF of this Research Report for more Insights - https://www.fnfresearch.com/sample/jewelry-market

Key Insights from Primary Research

Directly Purchase a Copy of the Report | Quick Delivery Available - https://www.fnfresearch.com/buynow/su/jewelry-market

The global jewelry market growth is expected to be influenced by the value that fine jewelry holds in today’s modern world where consumerism is at an all-time high. With jewelry, even if the current rate of materials is low, there is always a high chance that the price may bounce back up making it ideal to be sold as the profit rate increases. In the current volatile economic world where other means of investments have certain rates of risks associated with them, the threat of value-reduction with fine quality jewelry is significantly low or negligible.

Platinum is one of the most valuable and highly expensive materials used for jewelry creation and is currently accessible only to certain segments of the world population. Other factors like growth in disposable income, rising use of advanced technologies to design and create unique jewelry like the use of 3-dimensional printing techniques, increasing collaboration, and high potential of the unexplored market could further drive the global market growth.

Additional contributing factors could be the growing awareness rate amongst the population regarding product authenticity, the presence of financial assistance, and the collaboration of jewelry brands with e-commerce businesses could lead to more revenue generation.

The growing number of people switching to artificial or imitation jewelry may act as a threat to global market growth as these products are cheaper as compared to fine jewelry. They also lead to the encouragement of consumerism which can greatly impact sustainable growth in the coming years.

The changing political dynamic amongst major players, ongoing social stress across multiple countries, war-torn areas, and the general greed of large corporations that cause the exploitation of people living in areas with huge gold or diamond reserves could lead to growth limitations.

The increasing investments may provide growth opportunities while understanding changes in consumer behavior could act as a major challenge.

The global jewelry market is segmented based on material, distribution channel, product, type, the region

Based on distribution channels, the global market divisions are online and offline with the latter dominating the global market growth in 2021. Although various brands have started making use of online channels to sell products and reach a consumer database, people tend to have more trust in buying expensive jewelry items using offline mode which means physically visiting the stores. This allows consumers to see the product first hand and it also guarantees the authenticity of the product.

In stores, consumers have the option to custom-make the products or get the same design as they would from an online portal. In the fiscal year 2022, the jewelry segment of Titan Company Limited amassed revenue of USD 3.04 billion, a jump of 36% from the sales in the previous year.

Based on type, the global market is divided into real and imitation with the former leading the global market growth. Although there is a significant consumer database that prefers to spend on imitation jewelry, the prices of fine jewelry are multiple times higher than the cost of imitation jewelry making the segment revenue more valuable. The Chanel Coco Crush range of rings by Chanel with up to 18 karats of yellow gold costs around USD 3,400.

Browse the full “ Jewelry Market Size, Share, Growth Analysis Report By Material (Diamond, Platinum, Gold, and Others), By Distribution Channel (Online and Offline), By Product (Ring, Necklace, Bracelet, Earring, and Others), By Type (Real and Imitation), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030” Report at https://www.fnfresearch.com/jewelry-market

Asia Pacific is anticipated to lead the global jewelry market with China and India emerging as the dominant regions. China currently has the largest diamond reserve in Asia whereas India is the world’s largest exporter of a diamond. India does not really produce diamonds in large quantities but it has the biggest market for polishing diamonds.

The regional population generally tends to spend on fine jewelry as a means of investment which is further propelled by the growing pattern of materialism in the local regions. A 2013 survey claimed that the Chinese tend to identify success depending on the materialistic things owned by the people. Growth In North America is expected to be dominated by the US which is one of the largest consumers of fine jewelry.

The report contains qualitative and quantitative research on the global jewelry market, as well as detailed insights and development strategies employed by the leading competitors.

Some of the main players in the global jewelry market include;

Request for Customization on this Report as per your requirements - https://www.fnfresearch.com/customization/jewelry-market

(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)

The global jewelry market is segmented as follows:

Request Your Free Sample Report of the Global Jewelry Market @ https://www.fnfresearch.com/sample/jewelry-market

Browse Other Related Research Reports from Facts & Factors

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

USA: +1 347 690-0211 | UK: +44 2032 894158 | Japan: +81 50 5806 9039 | India: +91 73877 19999

Email: sales@fnfresearch.com | Web: https://www.fnfresearch.com

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