Dallas, Texas, Oct. 14, 2022 (GLOBE NEWSWIRE) -- The ability to provide a vast range of designs with the availability of several price ranges will significantly boost the global online jewelry retail market growth. The sellers in the online retail jewellery market immensely benefit due to the widened market exposure and customers from all parts. The online jewellery market allows the elimination of the time required to physically purchase jewellery from the store and provides customers with the comfort of selecting from a wide range of designs right from their homes. Customers get the benefit of comparing several jewellery products and choosing the best one. The ease of payment and easy monthly instalment facility will drive the global market growth. The online retail jewellery stores provide an in-depth description of the product and also provide clarity on the product reviews submitted by other customers which immensely helps to identify the satisfaction rate of the product. The global online retail jewellery market will achieve an estimated market value of USD 29.19 Billion with an expected CAGR of 15.89% by 2030.
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Furthermore, the online retail jewelry market can be classified into fashion and fine jewellery based on product type. The fashion jewellery segment experiences massive customer preference due to its durability and availability of a wide range of products for all sections of society. Heavy fashion jewellery has no age restriction and suits women of any age group. The expansion of the luxurious class in the society and increase in the source of income for people will significantly drive the growth of the global online retail jewellery market. The attractive jewellery looks and durable material used will increase demand for the purchase of online jewellery in the fashion industry. The rigorously changing trends and the developments of new and elegant designs make the market more lucrative and ultimately expand the demand for the global market. The availability of the latest trending designs in the online eCommerce marketplaces will significantly boost the global online retail jewellery market. Fashion jewellery enables individuals to attain a red-carpet look at a lower price which can be afforded by all. The emerging trends and latest fashion to look elegant will immensely benefit the global online retail jewellery market. The return and exchange policy offered by several eCommerce platforms will boost customer satisfaction and trust toward the online purchase of jewellery which in turn will contribute to the expansion of growth for the global market.
The universal market has accomplished superior heights owing to topical progresses and modernizations. The online retail jewellery store for fine jewellery was launched by LA MARQUE-M in February 2022. A premium and exclusive E-Boutique was launched by Talwar jewellers in October 2021 in order to maximize its consumer base and widen the market reach. A noteworthy share of the international market will be captured by the APAC region in 2030. The presence of top jewellery manufacturers and retailers will significantly grow the demand for the online jewelry market in this region. The establishment of several eCommerce platforms will drive regional market growth.
Report coverage & details:
| Report Coverage | Details |
| Base Year | 2021 |
| Historical Data | 2019-2020 |
| CAGR | CAGR of 15.89% during 2022-2029 |
| Segment Covered | By Type, By End-User, By Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Richemont, Swarovski, GRAFF, H. Stern, Louis Vuitton, Chow Tai Fook, Malabar Gold & Diamonds, Tiffany & Co., Pandora, and Signet Jewelers Limited |
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Table of Contents:
1. In the beginning
2. Research Methodology
3. Market Outlook
4. The Online Jewelry Retails Market by Service Outlook, 2019-2029 (USD Billion)
4.1. Integration, Sourcing, and Procurement
4.2. Vendor Control
4.3. Governance
5. The Market by Type, 2019-2029 (USD Billion)
5.1. Fashion Jewelry
5.2. Fine Jewelry
6. The Online Jewelry Retails Market by Application, 2019-2029 (USD Billion)
6.1. Weddings
6.2. Gift
6.3. Personal Use
6.4. Celebrations
6.5. Others
7. The study of the market by End-Users, 2019-2029 (USD Billion)
7.1 Men
7.2 Women
7.3 Others
8. Special Segments
9. The Online Jewelry Retails Market by Region, 2019-2029 (USD Billion)
10. Competitive Landscape
11. Company Profiles
12. Appendix
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