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Forecasts indicate that the jewellery market will grow from its current level to $28.29 billion by 2030, or 12.37% annually.
The jewellery market in Japan has grown to become the second largest in the world, after the United States. Japan is the world's second-largest user of platinum, with 450,000 ounces utilised for jewellery manufacturing. When it comes to the sale of diamond jewellery, Japan is also among the top two worldwide. Demand for everything that may serve as a symbol of Japan's growing prosperity increased as the country's economy improved. Examples of this include jewellery and other high-end accessories. One of the most exciting new developments in the jewellery industry is the creation of lab-created diamonds, which are nearly indistinguishable from natural diamonds and are expected to become considerably more common and accessible in the future years. As the number of women in the labour force rises, the number of middle-class people rises, the number of digital media users rises, the urban population rises, the number of high-net-worth individuals rises, the number of foreign tourists visits rises, and the number of Japanese who travel abroad rises, among other factors, the Japanese jewellery market continues to grow.
Forecasting revenue growth and analysing trends in each submarket, this report breaks down the Jewellery Market based on several categories and geographies. The Jewellery Market research examines the leading growth prospects, threats, and drivers in the industry. The competitive landscape has been drawn taking into account the most up-to-date market changes and strategic moves, such as expansion, product launch and development, collaboration, merger, and acquisition. The report's authors have done extensive research to determine who the major players in the Jewellery Market are and what they bring to the table in terms of core competencies across all subsegments.
Reasons Why
In Japan, the market for men's diamond jewellery has been bolstered by rising brand recognition, a larger consumer pool, and promising new avenues for integration into men's day-to-day lives. The emergence of a market for men's diamond jewellery in Japan and the introduction of novel designs for everyday use of diamond jewellery in Japan have also been positive developments for the industry. Therefore, the increasing number of male consumers is driving growth in the jewellery industry. Market growth is also being fueled by wedding decorations. Women are always on the lookout for the newest styles, especially when it comes to jewellery and other accessories. The jewellery market is being bolstered by rising consumer consciousness about the authenticity of precious metals and gemstones. The producers are tasked with maintaining a high standard of quality and authenticity, but they also play an educational role in the marketplace.
The Jewellery Market is broken down into submarkets such as necklace, ring, earring, and bracelet. The ring segment is anticipated to grow at a more rapid rate than the other subsegments over the forecasted time frame. As demand for personalised goods rises, retailers have responded by expanding the customization options available for rings. Demand for wedding and engagement rings, as well as bands to complement business dress, have been major contributors to the boom in ring sales in Japan. One noteworthy trend in recent years is the expanding demand for rings among male consumers.
Gold, platinum, diamonds, and other gems are only few of the materials that have split up the Jewellery Market. Over the estimated length of time, the gold subsegment will generate the most income. Depending on the colour of the gold and the other metals used, jewellery can be found in a wide range of designs and styles. Yellow gold, for instance, is an alloy of gold, silver, copper, and zinc. White gold is an alloy of gold with at least one white metal, typically one of nickel, silver, or palladium. Green gold consists of gold and silver with copper residue and other metals, while rose gold consists of gold, copper, and silver. Gold jewellery is not only a beautiful accessory, but also a safe haven in case of inflation, market collapse, bankruptcy, or any of the other economic disasters that drive up consumer demand. The Jewellery Market is divided into male and female submarkets based on who buys jewellery. Women are the primary consumers, and they are expected to account for 59.2% of total market revenue by 2025. This preeminence is attributable, in large part, to the increasing purchasing power of the Japanese working-women population, which in turn fuels demand in the luxury jewellery sector. Women shoppers in Japan are fueling the growth of the luxury jewellery market thanks to the products' high durability, usability, and variety in patterns given by a plethora of jewellery manufacturers.
Report Coverage
Global Jewelry research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Jewelry report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Jewelry competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Jewelry market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Jewelry market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Jewelry market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Tiffany & Co., Pandora; Chow Tai Fook, Louis Vuitton SE, Richemont, GRAFF, Signet Jewelers Limited, H. Stern, Malabar Gold & Diamonds, Swarovski AG, Kaji Jewellery Art, MIKIMOTO, Tasaki, AHKAH, NIWAKA, STARJEWERLY, Vandome Aoyama, Ponte Vecchio, COCOSHNIK, Fujimori, MARUZEN, Tanaka Galvanizing, Nikka Seiko and Others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Jewelry market based on the below-mentioned segments:
Global Jewelry Market, By Product Type
Necklace
Ring
Earring
Bracelet
Others
Global Jewelry market, By Material
Gold
Platinum
Diamond
Others
Global Jewelry Market, By End User
Men
Women
Global Jewelry market, Regional Analysis
The jewellery market in Japan has grown to become the second largest in the world, after the United States. Japan is the world's second-largest user of platinum, with 450,000 ounces utilised for jewellery manufacturing. When it comes to the sale of diamond jewellery, Japan is also among the top two worldwide. Demand for everything that may serve as a symbol of Japan's growing prosperity increased as the country's economy improved. Examples of this include jewellery and other high-end accessories. One of the most exciting new developments in the jewellery industry is the creation of lab-created diamonds, which are nearly indistinguishable from natural diamonds and are expected to become considerably more common and accessible in the future years. As the number of women in the labour force rises, the number of middle-class people rises, the number of digital media users rises, the urban population rises, the number of high-net-worth individuals rises, the number of foreign tourists visits rises, and the number of Japanese who travel abroad rises, among other factors, the Japanese jewellery market continues to grow.
Forecasting revenue growth and analysing trends in each submarket, this report breaks down the Jewellery Market based on several categories and geographies. The Jewellery Market research examines the leading growth prospects, threats, and drivers in the industry. The competitive landscape has been drawn taking into account the most up-to-date market changes and strategic moves, such as expansion, product launch and development, collaboration, merger, and acquisition. The report's authors have done extensive research to determine who the major players in the Jewellery Market are and what they bring to the table in terms of core competencies across all subsegments.
Reasons Why
In Japan, the market for men's diamond jewellery has been bolstered by rising brand recognition, a larger consumer pool, and promising new avenues for integration into men's day-to-day lives. The emergence of a market for men's diamond jewellery in Japan and the introduction of novel designs for everyday use of diamond jewellery in Japan have also been positive developments for the industry. Therefore, the increasing number of male consumers is driving growth in the jewellery industry. Market growth is also being fueled by wedding decorations. Women are always on the lookout for the newest styles, especially when it comes to jewellery and other accessories. The jewellery market is being bolstered by rising consumer consciousness about the authenticity of precious metals and gemstones. The producers are tasked with maintaining a high standard of quality and authenticity, but they also play an educational role in the marketplace.
The Jewellery Market is broken down into submarkets such as necklace, ring, earring, and bracelet. The ring segment is anticipated to grow at a more rapid rate than the other subsegments over the forecasted time frame. As demand for personalised goods rises, retailers have responded by expanding the customization options available for rings. Demand for wedding and engagement rings, as well as bands to complement business dress, have been major contributors to the boom in ring sales in Japan. One noteworthy trend in recent years is the expanding demand for rings among male consumers.
Gold, platinum, diamonds, and other gems are only few of the materials that have split up the Jewellery Market. Over the estimated length of time, the gold subsegment will generate the most income. Depending on the colour of the gold and the other metals used, jewellery can be found in a wide range of designs and styles. Yellow gold, for instance, is an alloy of gold, silver, copper, and zinc. White gold is an alloy of gold with at least one white metal, typically one of nickel, silver, or palladium. Green gold consists of gold and silver with copper residue and other metals, while rose gold consists of gold, copper, and silver. Gold jewellery is not only a beautiful accessory, but also a safe haven in case of inflation, market collapse, bankruptcy, or any of the other economic disasters that drive up consumer demand. The Jewellery Market is divided into male and female submarkets based on who buys jewellery. Women are the primary consumers, and they are expected to account for 59.2% of total market revenue by 2025. This preeminence is attributable, in large part, to the increasing purchasing power of the Japanese working-women population, which in turn fuels demand in the luxury jewellery sector. Women shoppers in Japan are fueling the growth of the luxury jewellery market thanks to the products' high durability, usability, and variety in patterns given by a plethora of jewellery manufacturers.
Report Coverage
Global Jewelry research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Jewelry report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Jewelry competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Jewelry market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Tiffany & Co., Pandora; Chow Tai Fook, Louis Vuitton SE, Richemont, GRAFF, Signet Jewelers Limited, H. Stern, Malabar Gold & Diamonds, Swarovski AG, Kaji Jewellery Art, MIKIMOTO, Tasaki, AHKAH, NIWAKA, STARJEWERLY, Vandome Aoyama, Ponte Vecchio, COCOSHNIK, Fujimori, MARUZEN, Tanaka Galvanizing, Nikka Seiko and Others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Jewelry Market from 2021 to 2030.
- Market Forecast for Jewelry Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Jewelry competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Jewelry
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Jewelry market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Jewelry market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Tiffany & Co., Pandora; Chow Tai Fook, Louis Vuitton SE, Richemont, GRAFF, Signet Jewelers Limited, H. Stern, Malabar Gold & Diamonds, Swarovski AG, Kaji Jewellery Art, MIKIMOTO, Tasaki, AHKAH, NIWAKA, STARJEWERLY, Vandome Aoyama, Ponte Vecchio, COCOSHNIK, Fujimori, MARUZEN, Tanaka Galvanizing, Nikka Seiko and Others.
Primary Target Market
- Market Players of Jewelry
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Jewelry market based on the below-mentioned segments:
Global Jewelry Market, By Product Type
Necklace
Ring
Earring
Bracelet
Others
Global Jewelry market, By Material
Gold
Platinum
Diamond
Others
Global Jewelry Market, By End User
Men
Women
Global Jewelry market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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