The Worldwide Jewelry Industry is Expected to Reach $459 Billion by 2030

Dublin, IRELAND


Dublin, May 20, 2022 (GLOBE NEWSWIRE) -- The "Jewelry Market Share, Size, Trends, Industry Analysis Report, By Product; By Material Type; By Category; By Distribution Channel; By Region; Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global jewelry market size is expected to reach USD 459.43 billion by 2030, according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.

Ornaments have gained traction in the emerging market due to lifestyle changes and a rise in the prices of precious metal ornaments, contributing to the growth of the industry size. Also, female consumers' increased fashion consciousness and increased acceptance of pieces of ornaments such as necklaces, rings, and bracelets support the growth of the industry. Further, rising investment in jewelry development, rising partnerships, and geographical expansion by the major players drive industry growth.

For instance, Malbar Group would spend Rs. 750 crore (US$ 100 Billion) in a gold refining and jewelry business in Hyderabad in September 2021. Malabar Gold & Diamonds said in April 2021 that it would invest Rs. 1,600 crore (US$ 214 Billion) in FY22 to open 56 outlets, 40 of which would be in India and 16 in international markets.

Moreover, Tanishq will launch antimicrobial jewelry in select areas as a trial project in June 2021. In addition to it, the World Gold Council and the Gem and Jewellery Export Promotion Council struck an agreement in June 2021 to produce gold ornaments in India. In March 2021, Joyalukkas partnered with IBM to design, build, and deploy a cloud-based e-commerce platform across 11 countries. However, obstacles impeding industry growth include rising raw material prices for ornaments, changes in ornaments packaging patterns, and the product's short-term appeal. Thus, these factors are boosting the market growth during the forecast period.

Based on the product, the ring segment accounted for the leading share in the market in 2021. The increased customer interest in the exquisite designs and features of the rin30gs is the primary cause for this jewelry's success. Rings are also thought to be fashionable and elegant. As a result, increased consumption of men's signet rings is likely to drive the industry.

Rings come in a variety of sizes and forms. They are used not only during engagements and anniversaries but also regularly. Silver, for example, is believed to have healing powers and assist with heat production and circulation. As a result, many people are wearing silver rings. The accessibility of custom-made rings and increased awareness of the religious benefits of various metals are predicted to drive the ring product segment throughout the forecast period.

Market players such as Buccellati, Cartier, Chow Tai Fook Jewelry Company Limited, LVMH Group, Malabar Gold & Diamonds, Swarovski, Tata Sons Private Ltd, The Swatch Group AG, are some key players operating in the global market.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Jewelry Market Insights
4.1. Jewelry - Industry Snapshot
4.2. Jewelry Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing disposable income
4.2.1.2. Changing lifestyles and perception of jewelry
4.2.2. Restraints and Challenges
4.2.2.1. High cost
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Jewelry Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Jewelry Market, by Product
5.1. Key Findings
5.2. Introduction
5.2.1. Global Jewelry Market, by Product, 2018 - 2030 (USD Billion)
5.3. Necklace
5.3.1. Global Jewelry Market, by Necklace, by Region, 2018 - 2030 (USD Billion)
5.4. Ring
5.4.1. Global Jewelry Market, by Ring, by Region, 2018 - 2030 (USD Billion)
5.5. Earrings
5.5.1. Global Jewelry Market, by Earrings, by Region, 2018 - 2030 (USD Billion)
5.6. Bracelet
5.6.1. Global Jewelry Market, by Bracelet, by Region, 2018 - 2030 (USD Billion)
5.7. Others
5.7.1. Global Jewelry Market, by Others, by Region, 2018 - 2030 (USD Billion)

6. Global Jewelry Market, by Material Type
6.1. Key Findings
6.2. Introduction
6.2.1. Global Jewelry Market, by Material Type, 2018 - 2030 (USD Billion)
6.3. Silver
6.3.1. Global Jewelry Market, by Silver, by Region, 2018 - 2030 (USD Billion)
6.4. Gold
6.4.1. Global Jewelry Market, by Gold, by Region, 2018 - 2030 (USD Billion)
6.5. Platinum
6.5.1. Global Jewelry Market, by Platinum, by Region, 2018 - 2030 (USD Billion)
6.6. Diamond
6.6.1. Global Jewelry Market, by Diamond, by Region, 2018 - 2030 (USD Billion)
6.7. Others
6.7.1. Global Jewelry Market, by Others, by Region, 2018 - 2030 (USD Billion)

7. Global Jewelry Market, by Category
7.1. Key Findings
7.2. Introduction
7.2.1. Global Jewelry Market, by Category, 2018 - 2030 (USD Billion)
7.3. Branded
7.3.1. Global Jewelry Market, by Branded, by Region, 2018 - 2030 (USD Billion)
7.4. Unbranded
7.4.1. Global Jewelry Market, by Unbranded, by Region, 2018 - 2030 (USD Billion)

8. Global Jewelry Market, by Distribution Channel
8.1. Key Findings
8.2. Introduction
8.2.1. Global Jewelry Market, by Distribution Channel, 2018 - 2030 (USD Billion)
8.3. Offline
8.3.1. Global Jewelry Market, by Offline, by Region, 2018 - 2030 (USD Billion)
8.4. Online
8.4.1. Global Jewelry Market, by Online, by Region, 2018 - 2030 (USD Billion)

9. Global Jewelry Market, by Geography

10. Competitive Landscape
10.1. Expansion and Acquisition Analysis
10.1.1. Expansion
10.1.2. Acquisitions
10.2. Partnerships/Collaborations/Agreements/Exhibitions

11. Company Profiles
11.1. Buccellati
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Recent Development
11.2. Cartier
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Benchmarking
11.2.4. Recent Development
11.3. Chow Tai Fook Jewelry Company Limited
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Benchmarking
11.3.4. Recent Development
11.4. LVMH Group
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Benchmarking
11.4.4. Recent Development
11.5. Malabar Gold & Diamonds
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Benchmarking
11.5.4. Recent Development
11.6. PANDORA JEWELRY LLC
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Benchmarking
11.6.4. Recent Development
11.7. SHR Jewelry Group
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Benchmarking
11.7.4. Recent Development
11.8. Swarovski
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Benchmarking
11.8.4. Recent Development
11.9. Tata Sons Private Ltd.
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Benchmarking
11.9.4. Recent Development
11.10. The Swatch Group AG
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Benchmarking
11.10.4. Recent Development

For more information about this report visit https://www.researchandmarkets.com/r/61onfk

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Global Jewelry Market

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