DUBLIN--(BUSINESS WIRE)--The "Gems and Jewelry Market - Segmented by Product (Rings, Necklaces, Earrings, Bracelets, Chains and Pendants, and Other), Distribution Channel (Offline Retail Stores and Online Retail Stores), and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global gems and jewelry market is projected to grow at the rate of 5.5% during the forecast period 2018 to 2023.
The global gems and jewelry market is highly fragmented market and comprises of many regional and international competitors. There is an intense competition between the key vendors, leading to the introduction of many innovative gems and jewelry in the market.
The market is expected to witness a strong growth during the forecast period owing to the increasing demand for branded jewelry due to distinctive designs, rise in demand for artistic jewelry, credibility, and quality, rising focus on e-commerce sales in both developed and developing market and increase in wedding budget, especially in bridal weddings.
In addition, there's an increase in cross-cultural designs, which will increase the growth of gems and jewelry market in the coming years. Jewelry inspired by European, Egyptian, and Italian cultures are gaining popularity. For instance, Titan's brand Zoya offers jewelry studded with precious stones like diamond.
However, the market is highly dependent on macroeconomic factors, coupled with high presence of unorganized players that provides counterfeit gems and jewelry, restraining the growth of the gems and jewelry market globally.
- Surge in Customized Gems & Jewelry
- High Penetration of Organized Retail
- Increase in Sales of Gems and Jewelry through Online Stores
- Asia-Pacific to Witness Strong Growth in Gems and Jewelry Market
Developments in the Market
- LVMH Group launched a dedicated online section specifically for jewelry
2. Gems and Jewelry Market Insights
3. Gems and Jewelry Market Dynamics
4. Gems and Jewelry Market Segmentation
5. Gems and Jewelry Market By Geography
6. Gems and Jewelry Market Competitive Landscape
7. Company Profiles
- Chow Tai Fook Jewelry Company Limited
- LVMH Group
- The Swatch Group Ltd.
- Pandora Jewelry LLC
- Tiffany & Co.
- Swarovski Crystal Online AG
For more information about this report visit https://www.researchandmarkets.com/research/7z57r8/worldwide_gems?w=4