Luxury Jewellery Market - Trends Forecast Till 2028

Luxury Jewellery Market – Trends Forecast Till 2028

The Luxury Jewellery market size is projected to reach a CAGR of 8.3% from 2021 to 2028.

Jewellery is a class of personal ornament usually wore around the neck or fingers like necklace and rings. When designed exclusively for the elite segment embedded with luxurious stones and metals its known as luxury jewellery.

With a raised demand of sustainable and gender fluid jewellery are some of the factors that have supported long-term expansion for Luxury Jewellery Market.

COVID-19 had a negative effect on the market, as the disposable income has decreased.

Asia Pacific is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the latest trend and need of high quality and designer jewellery for the effluent customers.

Luxury Jewellery Market is segmented into raw material, product, application, distribution channel and region.

On the basis of Raw Material

• Gold
• Platinum
• Diamond
• Precious Pearls
• Gemstones
• Others                                                           

On the basis of Product

• Necklaces
• Ring
• Earrings
• Bracelets
• Others

On the basis of Application

• Women
• Men
• Children

On the basis of Distribution Channel

• Online
• Offline

On the basis of Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa

Insights are provided for each region and major countries within the regions

 

Key Players

• Guccio Gucci S.p.A
• The Swatch Group Ltd.
• Richemont
• Tiffany & Co.
• GRAFF
• Louis Vuitton SE
• Signet Jewelers Limited
• Chopard International SA
• MIKIMOTO
• Pandora Jewelry, LLC

Recent Developments

• In 2021, Chopard has collaborated with Attar United for its expansion into Saudi Arabiain.
• In 2020, Swarovski has expanded into the retail sector in New York.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Luxury Jewellery Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature	Descriptions
Growth Rate	CAGR of 8.3% during the forecasting period, 2021-2028
Historical Data	2018-2019
Forecast Years	2021-2028
Base Year	2020
Units Considered	Revenue in USD billion and CAGR from 2021 to 2028
Report Segmentation	raw material, product, application, distribution channel and region.
Report Attribute	Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling
Regional Level Scope	North America, Europe, Asia-Pacific, South America, and Middle East and Africa
Country Level Scope	U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)
Companies Profiled	Guccio Gucci S.p.A., The Swatch Group Ltd., Richemont, Tiffany & Co., GRAFF, Louis Vuitton SE, Signet Jewelers Limited, Chopard International SA, MIKIMOTO, Pandora Jewelry, LLC
Available Customization	In addition to the market data for Luxury Jewellery Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.