Gems and Jewelry Market
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<strong>Gems</strong> <strong>and</strong> <strong>Jewelry</strong> <strong>Market</strong><br />
GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY<br />
ANALYSIS, 20182025<br />
© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION<br />
<strong>Gems</strong> <strong>and</strong> <strong>Jewelry</strong> <strong>Market</strong>:Overview<br />
<strong>Gems</strong> <strong>and</strong> jewelry consists of various jewelries that are made out of gold, platinum, gemstones, <strong>and</strong> others.<br />
<strong>Gems</strong> <strong>and</strong> jewelry is one of the fastest growing markets, as it holds customary values in several cultures across<br />
the globe. Several leading companies are aiming on investing in the marketing, advertising, <strong>and</strong> launching of<br />
new showrooms for increasing publicity <strong>and</strong> exp<strong>and</strong>ing their presence in the market. For instance, in 2017,<br />
Kalyan Jewelers planned to invest US$ 75 million to add 15 new showrooms to their ongoing expansion in<br />
Eastern <strong>and</strong> Northern regions of India.<br />
The major drivers of this market include growing dem<strong>and</strong> for crafted premium jewelry <strong>and</strong> precious gems.<br />
According to World Gold Council, the dem<strong>and</strong> for gold jewelry has increased by around 3% in the final quarter<br />
of 2017 from its third quarter. Furthermore, changing consumer preferences towards light weight h<strong>and</strong>crafted<br />
jewelry is boosting growth of the market. For instance, The World Gold Council, in 2018, accounted that Chow<br />
Tai Fook Enterprises Ltd., a major retailer in China sold 300,000 pieces of 22 carat gold internationally.<br />
However, increasing competition from local players <strong>and</strong> rising labor cost are factors restraining growth of the<br />
market. For instance, according to Coherent <strong>Market</strong> Insights, br<strong>and</strong>ed jewelry covers only around 20% of the<br />
global market, which will grow <strong>and</strong> cover over 30% of market share over the forecast period.<br />
© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION<br />
<strong>Gems</strong> <strong>and</strong> <strong>Jewelry</strong> <strong>Market</strong>:Outlook<br />
➢<br />
Asia Pacific dominated the global gems <strong>and</strong> jewelry market in 2016 with India <strong>and</strong> China leading the<br />
market growth. According to the Gem <strong>and</strong> <strong>Jewelry</strong> Export Promotion Council, India’s exports of 75% of<br />
the world’s polished diamonds rose from US$ 11.16 billion in 200405 to US$ 22.78 billion in 201617.<br />
According to IBEF (India Br<strong>and</strong> Equity Foundation) 2018, gems <strong>and</strong> jewelry sector plays a significant role<br />
in the Indian economy contributing up to 7 percent of the country’s GDP <strong>and</strong> 15.7 percent to India’s total<br />
exports.<br />
➢<br />
North America witnessed significant growth in the gems <strong>and</strong> jewelry market with U.S. dominating the<br />
market in the region. The growth is attributed by the higher income levels in the U.S., which translates<br />
into higher dem<strong>and</strong> for personal consumption of items such as diamond jewelry. The U.S also has one of<br />
the highest gold allocations as a percentage of its foreign reserves.<br />
➢<br />
Middle East witnessed significant growth in the gems <strong>and</strong> jewelry market with GCC countries fueling the<br />
market growth in this region. According to National Bank of Fujairah, UAE’s diamond financing industry<br />
has grown by around 200% from US$ 500 million in 2010 to US$ 1.5 billion in 2017.<br />
Request a sample copy of this report:<br />
https://www.coherentmarketinsights.com/insight/requestsample/1392<br />
© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION<br />
<strong>Gems</strong> <strong>and</strong> <strong>Jewelry</strong> <strong>Market</strong>:Segmentation<br />
By Product Type<br />
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Gold <strong>Jewelry</strong><br />
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Diamond <strong>Jewelry</strong><br />
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Platinum <strong>Jewelry</strong><br />
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Others<br />
By Distribution Channel<br />
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Specialty Stores<br />
Online Stores<br />
Others<br />
To know the latest trends <strong>and</strong> insights prevalent in this market, click the link below:<br />
https://www.coherentmarketinsights.com/ongoinginsight/gems<strong>and</strong>jewelrymarket1392<br />
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REPORT DESCRIPTION<br />
<strong>Gems</strong> <strong>and</strong> <strong>Jewelry</strong> <strong>Market</strong>:Key Players<br />
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Chow Tai Fook (Holdings) Limited<br />
Compagnie Financière Richemont<br />
<strong>Jewelry</strong> Group<br />
Signet Jewelers<br />
Emperor Watch & Jewelery Ltd.<br />
Blue Nile<br />
Zale Titan<br />
Gitanjali Group<br />
Tiffany & Company<br />
others.<br />
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