Latest News- Jewelry Appraisal Market: Offline appraisal is expected to lead the Type segment during 2025-2029

The Jewelry Appraisal Market is being driven by Rising demand for insurance purposes of jewelry

The Jewelry Appraisal Market is expected to grow at a CAGR of 9.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2068.2 million. The global jewelry appraisal market is experiencing significant growth due to the integration of blockchain technology. This innovative solution offers transparency throughout the jewelry supply chain by providing a secure, decentralized, and tamper-resistant ledger. By recording each step of a gemstone's journey from its origin to the finished jewelry piece, blockchain ensures authenticity and origin verification. Consumers' increasing focus on ethical and sustainable sourcing is further bolstering the market's expansion, as blockchain technology enables unalterable records of the entire production process, thereby mitigating fraud and misrepresentation risks. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Offline appraisal
  • Online appraisal
• Application
  • Consultation
  • Insurance
  • Legal purposes
  • Others
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for insurance purposes of jewelry
• Increasing popularity of vintage and antique jewelry
• Growing focus on authentication and transparency of jewelrym

However, the market also witnesses some limitations, which are as follows:

• Advancements in synthetic gemstones and diamond simulants
• Evolving gemstone treatments and enhancements
• Shortage of qualified jewelry appraisers

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Market Scope in Jewelry Appraisal Market Research Report

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Research Analysis Overview

The jewelry appraisal market employs high-tech equipment and certified professionals to assess the material quality, carat weight, and historical significance of precious jewelry, including precious stones, for estate settlements, divorce proceedings, insurance coverage, and charitable donations. Advanced technologies, such as computer-aided design and AI-assisted valuation, enhance the appraisal process, while online systems and virtual appraisal services cater to consumer interest in online jewelry sales. Market value, fair marketplace cost, and tax deductions are determined through professional appraisals, utilizing digital magnifiers and appraisal tools, and considering extrinsic value, gemstone quality, and historical significance. New materials and jewelry design also influence appraisals, and consumers seek certified professionals for jewelry investments and inheritance disputes.

Market Research Overview

The jewelry appraisal market is a significant segment of the broader specialized consumer services industry. This sector encompasses revenue generated by jewelry appraisers, vintage jewelry retailers, jewelry blogs, and jewelry design houses. Technavio's market analysis includes appraisers providing intrinsic value assessments using Computer-Aided Design (CAD) software, jewelry sustainability consultants, and estate planning specialists. Furthermore, the report covers jewelry wholesalers, ensuring appraisers possess relevant qualifications and adhere to industry standards. The market scope also includes jewelry style analysis for collectors and enthusiasts. This professional assessment caters to various consumer needs, contributing to the overall growth of the jewelry appraisal market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/