Gems and Jewelry Market, by Product Type, and Distribution Channel

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Gems and Jewelry Market
GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2018-2025
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REPORT DESCRIPTION
Gems and Jewelry MarketOverview
Gems and jewelry consists of various jewelries
that are made out of gold, platinum, gemstones,
and others. Gems and jewelry is one of the
fastest growing markets, as it holds customary
values in several cultures across the globe.
Several leading companies are aiming on investing
in the marketing, advertising, and launching of
new showrooms for increasing publicity and
expanding their presence in the market. For
instance, in 2017, Kalyan Jewelers planned to
invest US 75 million to add 15 new showrooms to
their on-going expansion in Eastern and Northern
regions of India. The major drivers of this
market include growing demand for crafted premium
jewelry and precious gems. According to World
Gold Council, the demand for gold jewelry has
increased by around 3 in the final quarter of
2017 from its third quarter. Furthermore,
changing consumer preferences towards light
weight handcrafted jewelry is boosting growth of
the market. For instance, The World Gold Council,
in 2018, accounted that Chow Tai Fook Enterprises
Ltd., a major retailer in China sold 300,000
pieces of 22 carat gold internationally. However,
increasing competition from local players and
rising labor cost are factors restraining growth
of the market. For instance, according to
Coherent Market Insights, branded jewelry covers
only around 20 of the global market, which will
grow and cover over 30 of market share over the
forecast period.
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REPORT DESCRIPTION
Gems and Jewelry MarketOutlook

• Asia Pacific dominated the global gems and
  jewelry market in 2016 with India and China
  leading the market growth. According to the Gem
  and Jewelry Export Promotion Council, Indias
  exports of 75 of the worlds polished diamonds
  rose from US 11.16 billion in 2004-05 to US
  22.78 billion in 2016-17. According to IBEF
  (India Brand Equity Foundation) 2018, gems and
  jewelry sector plays a significant role in the
  Indian economy contributing up to 7 percent of
  the countrys GDP and 15.7 percent to Indias
  total exports.
• North America witnessed significant growth in the
  gems and jewelry market with U.S. dominating the
  market in the region. The growth is attributed by
  the higher income levels in the U.S., which
  translates into higher demand for personal
  consumption of items such as diamond jewelry. The
  U.S also has one of the highest gold allocations
  as a percentage of its foreign reserves.
• Middle East witnessed significant growth in the
  gems and jewelry market with GCC countries
  fueling the market growth in this region.
  According to National Bank of Fujairah, UAEs
  diamond financing industry has grown by around
  200 from US 500 million in 2010 to US 1.5
  billion in 2017.
• Request a sample copy of this report
  https//www.coherentmarketinsights.com/insight/req
  uest-sample/1392

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REPORT DESCRIPTION
Gems and Jewelry MarketSegmentation

• By Product Type
• Gold Jewelry
• Diamond Jewelry
• Platinum Jewelry
• Others
• By Distribution Channel
• Specialty Stores
• Online Stores
• Others
• To know the latest trends and insights prevalent
  in this market, click the link belowhttps//www.c
  oherentmarketinsights.com/ongoing-insight/gems-and
  -jewelry-market-1392

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REPORT DESCRIPTION
Gems and Jewelry MarketKey Players

• Chow Tai Fook (Holdings) Limited
• Compagnie Financière Richemont
• Jewelry Group
• Signet Jewelers
• Emperor Watch Jewelery Ltd.
• Blue Nile
• Zale Titan
• Gitanjali Group
• Tiffany Company
• others.

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