The global online jewelry retail market to grow at a CAGR of 16.59% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global online jewelry retail market for 2017-2021. To calculate the market size, the report includes segmentation of the market on the basis of product category and geography. The report also includes a discussion of the key vendors operating in this market.
A key growth factor over the forecast period will be the compatibility of consumers with social and digital platforms. In addition, services such as free shipping and product returns that enhance consumer experience will also play a key role.
One trend in market is increasing sales of fashion jewelry through specialty and fashion e-retailers. In comparison to fine jewelry, fashion jewelry items are priced very low, mostly because fashion jewelry items do not include precious stones like diamonds or precious metals like platinum and gold, which are primarily used for making fine jewelry items. Sales of fashion jewelry items are gaining momentum through specialty and fashion e-retailers (like BlueStone, Overstock Jewelry, Ice.com, Alurez, Tiffany, Blue Nile, Jewelsouk, and CaratLane), as the demand for such items is less through pure-play e-retailers such as Amazon, eBay, and Flipkart.
According to the report, one driver in market is brand differentiation. To gain a competitive edge over their counterparts, global jewelry manufacturers are focusing on both product and process innovation. Innovation, either in the form of breakthrough (radical) innovation or in the form of incremental innovation, is the fruitful result of technological advancements. The two major technological trends being followed by jewelry manufacturers are CAD and RP.
Further, the report states that one challenge in market is decreasing demand for gold jewelry. In terms of revenue, gold jewelry is the largest segment of the global jewelry market. However, the demand for gold jewelry has been declining over the last few years. The demand for gold was 4,325.14 metric tons in 2014, which posted a decrease of 4.01% compared to 2013. The demand for gold jewelry also decreased in 2014.
- Chow Tai Fook Jewellery
- Rajesh Exports
- Signet Jewelers
Other prominent vendors
- Aurum Holding
- Blue Nile
- Emperor Watch & Jewellery
- Gitanjali Gems
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Economic indicators
Part 06: Market landscape
Part 07: Market segmentation by product
Part 08: Geographical segmentation
Part 09: Key leading countries
Part 10: Decision framework
Part 11: Drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/mttlbx/global_online.