Overview:

Luxury jewelry is a fine luxury object crafted from various materials such as gold, silver, diamonds and platinum used for personal decoration, comprising of different styles of items such as necklaces, brooches, pins, bracelets, pendants, hair ornaments, earrings, cufflinks, skirts and leg ornaments.

Market Dynamics:

Growing demandfor luxury jewelry among the female end users worldwide and increasing consumer spending towards the various luxury goods are major factors driving growth of the global market. Additionally, increasing demand for theonline luxury jewelry due to various discounts offered by the online markets across the globe is expected to fuel growth of the target market in the near future. However, high costs associated with the luxury jewelry is major factor expected to restrain growth of the target market in the near future. Increasing prevalence of the COVID-19 pandemic level has severely impacted the demand patterns of the luxury jewelry. Nevertheless, emerging potential economies are expected to offer lucrative opportunities t the key operating players in the global market. 

Key Trends:

Key players operating in the global luxury jewelry market are focusing on the strategic partnerships and product innovationin order to get economical edge in the target market.

Regional Analysis:

For detailed understanding of market dynamics, the global marketis analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europeregion is expected to account for the largest share in terms of revenue over the forecast year. The growth is mainly attribute to fusion of costume jewelry, coupled with increasing popularity of pop-up stores in U.K. France, Spain of this region. The market in Asia Pacific is the expected to register significant CAGR during the forecast period, owing to increasing disposable income and growing consumer preference towards purchasing luxury products in the countries especially in the China and India of region.

Scope of the Report:

Detailed Segmentation:

Global Luxury Jewelry Market, By Material

• Gold
• Silver
• Diamond
• Platinum

Global Luxury Jewelry Market, By Product type

• Necklace
• Ring
• Bracelet
• Hair ornaments
• Earring
• Leg & Feet ornaments

Global Luxury Jewelry Market, By End user

• Men
• Women

Global Luxury Jewelry Market, By Distribution Channel

• Mono-brand stores
• Multi-brand boutiques
• Departmental stores
• Online stores

Key Players Covered:           

Key players operating in the market includesChopard International SA, Bulgari S.p.A, Harry Winston, Inc., Graff Diamonds Corporation, Buccellati Holding Italia SpA, Guccio Gucci S.p.A., Tiffany & Co., Mikimoto & Co., Ltd. and Societe Cartier.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Luxury Jewelry Market by material, product type, end user, and distribution channel, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.