Luxury jewellery includes rings, necklace, earrings, bracelets, and other ornaments made of gold, silver, platinum and others precious materials. Luxury jewellery is also available in diamond studded category. With gender preferences, manufactures design luxury jewellery for men and women separately considering all the respective specifications. Luxury jewellery market is anticipated to grow positively in coming years all over the world.
MARKET SCOPE
The "Global Luxury Jewellery Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the luxury jewellery market with detailed market segmentation by material, product, end-user, distribution channel and geography. The report provides key statistics on the market status of the leading luxury jewellery market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on material, the global luxury jewellery market is segmented into diamond, gold, platinum and others.
- On the basis of product, the market is segmented into necklace, rings, bracelets, earrings, and others.
- Based on end-user, the market is bifurcated into men and women.
- On the basis of distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail and others.
MARKET DYNAMICS
Drivers:
- Increasing demand for premium fashion products all over the world.
- Rising per capita disposable income to boost market growth of luxury jewellery.
- Introduction of new products with different shape and sizes.
Restraints:
- Unorganized retail sector in few developing countries
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The luxury jewellery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the luxury jewellery market in these regions.
IMPACT OF COVID-19ON LUXURY JEWELLERY MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. Due to reduced buying power, expenditure on non-essentials was decreased to a great extent. All these factors impacted the luxury jewellery market negatively all over the world.
MARKET PLAYERS
The report covers key developments in the luxury jewellery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from luxury jewellery market are anticipated to lucrative growth opportunities in the future with the rising demand for luxury jewellery in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the luxury jewellery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Buccellati
- BVLGARI
- CARTIER
- Chopard International SA
- GRAFF
- Guccio Gucci S.p.A.
- Harry Winston, Inc.
- Mikimoto & Co., Ltd.
- Piaget
- T&CO.