Dublin, March 15, 2022 (GLOBE NEWSWIRE) -- The "Luxury Jewelry Market, by Material, by Product Type, by End User, and by Distribution Channel, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
Among material, diamond segment accounted for largest revenue share in the global luxury jewelry market in 2017, owing to rising demand for diamonds in rings.
To cater to this demand, key players are introducing diamond engagement ring collections. For instance, in September 2018, Tiffany & Co. (American luxury jewelry and specialty retailer) introduced new engagement ring line consisting of diamond rings. Among product type, necklace segment accounted for the largest market share in 2017, and is expected to retain its dominance, owing to lucrative demand for neckwear in Asian countries such as China, India, and Japan.
Europe dominated the market in 2020, and Asia Pacific is projected to be the fastest growing region in the global luxury jewelry market over the forecast period. Government initiatives are playing important role in growth of luxury jewelry in Asia Pacific.
For instance, in India, The Gems and Jewelry Export Promotion Council (GJEPC), signed a Memorandum of Understanding with Maharashtra Industrial Development Corporation (MIDC) to build India's largest jewelry park in Mumbai with overall investment of US$ 2.1 billion in 2018.
Several companies that manufacture luxury jewelry are adopting various organic and inorganic growth strategies, in order to sustain their market position.
Key features of the study:
- This report provides an in-depth analysis of the global luxury jewelry market, its market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
- It elucidates potential revenue opportunity across different segments and explains an attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global luxury jewelry market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
- The global luxury jewelry market report caters to various stakeholders in this industry including investors, suppliers, luxury jewelry manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global luxury jewelry market
Detailed Segmentation:
Global Luxury Jewelry Market, By Material:
- Gold
- Silver
- Diamond
- Platinum
- Others
Global Luxury Jewelry Market, By Product Type:
- Necklace
- Ring
- Bracelet
- Hair Ornaments
- Earring
- Leg & Feet Ornaments
- Others
Global Luxury Jewelry Market, By End User:
- Men
- Women
Global Luxury Jewelry Market, By Distribution Channel:
- Mono-brand Stores
- Multi-brand Boutiques
- Departmental Stores
- Online Stores
- Others
Global Luxury Jewelry Market, By Region:
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- ASEAN
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East
- GCC Countries
- Rest of Middle East
- Africa
- North Africa
- Central Africa
- South Africa
Company Profiles
- Gucciogucci S.P.A.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Harry Winston, Inc.
- Chopard International S.A.
- Societe Cartier
- Tiffany & Co
- Compagnie Financiere Richemont SA
- Buccellati Holding Italia SpA
- Graff Diamonds Corporation
- Bulgari S.p.A
- Mikimoto & Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/ucln4x
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