Latest News- Jewelry Market: Specialist retailers is expected to lead the Distribution Channel segment during 2024-2028

The Jewelry Market is being driven by Increasing demand for jewelry as gifts

The Jewelry Market is expected to grow at a CAGR of 5.45% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 107.9 billion. The jewelry market is experiencing a notable expansion due to the increasing acceptance and demand from men. Fashion trends and the influence of celebrities and influencers have significantly contributed to this trend. High-profile figures and influencers frequently incorporate jewelry into their outfits, creating a ripple effect among the general public. Men's jewelry preferences primarily consist of watches, ear piercings, cufflinks, rings, bracelets, and other similar accessories. This trend not only normalizes jewelry wearing among men but also encourages experimentation with various designs and materials. 

Get more information on Jewelry Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Specialist retailers
  • Online
• Type
  • Gold
  • Diamond
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • Middle East and Africa
  • South America

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

• Increasing demand for jewelry as gifts
• Growing demand for wedding jewelry
• Evolving fashion trends in jewelry collections

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

• Increasing availability of counterfeiting jewelry
• High barriers to entry
• Regulatory challenges associated with import and export of jewelry

Benefits of Buying Global Jewelry Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Jewelry Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The jewelry market encompasses various aspects, including diamond grading reports and gemstone identification, showcasing jewelry craftsmanship with metals alloys. Precious metal prices and jewelry trends are forecasted by influencers, while photography and videography highlight pieces. Packaging, display, security, and authentication ensure authenticity, and counterfeiting and resale platforms provide access. Jewelry charity, donations, heritage, museums, exhibitions, and auctions celebrate its art and history. Design schools and workshops foster creativity, and competitions and awards recognize excellence.

Market Research Overview

The jewelry market is a significant segment of the larger global apparel, accessories, and luxury goods industry. This market encompasses companies involved in the production and distribution of fine jewelry, fashion jewelry, and costume jewelry, as well as those specializing in precious metals and jewelry design. Technavio's market analysis for the textiles, apparel, and luxury goods sector estimates its size based on the consolidated revenues generated by manufacturers and marketers of textiles, apparel, footwear, accessories, and luxury goods, excluding shoe manufacturers. Key growth drivers for this market include the expanding working women population, which is boosting disposable income and consumer spending on jewelry and related items. Additionally, advancements in technology, such as 3D printing, are revolutionizing jewelry manufacturing and design.. 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/