Gems and Jewelry Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global gems and jewelry market is segmented by By Type into Rings, Necklaces, Earrings, Bracelets, Chains, and Pendants and Other Product Types; By Distribution Channel into Offline Retail Stores and Online Retail Stores; & Geography

Market Snapshot

Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

North America

Largest Market:

Asia Pacific

CAGR:

5.2 %

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Market Overview

Global gems and jewelry market is forecasted to register a CAGR of 5.5% during the forecast period 2020-2025.

  • The increase in cross-cultural designs is one of the latest trends that is gaining popularity in the gems and jewelry market. Demand for jewelry inspired by Italian, European, and Egyptian cultures is expected to drive the market studied over the forecast period.
  • The rise in urbanization has resulted in changing consumer behavior related to accessories, switching from wearing more pieces of jewelry to keeping it minimal and sophisticated while maintaining the styling statement. Such evolving factors have led to substantial demand for single stoned stud earrings, pendants and rings.

Scope of the Report

The market report is segmented by product type, distribution channel, and geography. Based on type, the market has been segmented into Rings, Necklaces, Earrings, Bracelets, Chains and Pendants, and Other Product Types. Based on the distribution channel, the market has been segmented into Offline Retail Stores and Online Retail Stores. The report contains top-line revenues and market share analysis of the key players, highlighting the most adopted strategies of the companies in the market studied.
By Type
Rings
Necklaces
Earrings
Bracelets
Chains and Pendants
Other Product Types
By Distribution Channel
Offline Retail Stores
Online Retail Stores
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
France
Germany
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East & Africa

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Key Market Trends

High Diamond Demand, Owing To Emerging Middle Class in Latin America

The rising middle-income level consumers in the country, coupled with increased purchasing power and the rising fashion trends, is boosting the demand for fine, costume jewelry across the region. Similar to the gold industry, the diamond industry to has high expectations for the demand for the diamond, primarily due to the huge emerging middle class in Latin American countries. Sales have indeed increased dramatically in these regions. In June 2015, the first World Jewelry Hub (WJH) was inaugurated in Panama City, and it is the first dedicated diamond, colored gemstone and jewelry trading center in Latin America, and this has infused optimism and vitality into a region, which was envisaged to become the world’s next top jewelry market in the near future. Prices for bigger, higher-quality diamonds have indeed risen, but prices for smaller, more commercial stones have remained relatively flat or increased quite modestly.

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Asia Pacific is the Fastest Growing Market

In Asia-Pacific, the gems and jewelry market is witnessing changes in consumer preferences due to the adoption of the western lifestyle. Consumers are demanding new designs and varieties in jewelry, and branded jewelers are able to fulfill their changing demands better than the local unorganized players. Moreover, an increase in per capita income has led to an increase in sales of jewelry in countries, like India, jewelry is considered as a status symbol. Luxury jewelries, especially gold jewelries, are witnessing an increase in demand in the country. The strong performance of the real jewelry segment is expected to drive the Asian jewelry market. Manufacturers of gems and jewelry are more focused on developing new and innovative design to fulfill the changing needs and demands of consumers by using advanced technologies, such as computer-aided design (CAD) and rapid prototyping (RP) that play a vital role in incorporating 3D printing in jewelry.

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Competitive Landscape

The global gems and jewelry market faces high competition; the majority of the share is held by the leading players, including  LVMH,  Buccellati, Richemont, and Swarovski Crystal Online AG. Key players are focusing on online distribution channels for their online marketing and branding of their products, in order to expand their geographical reach and increase their customer base. Leading manufacturers in the gems and jewelry market are focusing to leverage opportunities posed by the emerging markets of Asia-Pacific, like China and India, to expand their revenue base, because of the rising income levels and their religious traditions, as they consider giving jewelry ornaments as auspicious. The key brands are embarking on innovation and new product development infused with the latest technology, so as to provide the luxury feeling and perfect craftsmanship to their product offering.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Rings

      2. 5.1.2 Necklaces

      3. 5.1.3 Earrings

      4. 5.1.4 Bracelets

      5. 5.1.5 Chains and Pendants

      6. 5.1.6 Other Product Types

    2. 5.2 By Distribution Channel

      1. 5.2.1 Offline Retail Stores

      2. 5.2.2 Online Retail Stores

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Germany

        5. 5.3.2.5 Russia

        6. 5.3.2.6 Italy

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Strategies Adopted by Players

    3. 6.3 Most Active Companies

    4. 6.4 Company Profiles

      1. 6.4.1 LVMH Group

      2. 6.4.2 PANDORA JEWELRY LLC

      3. 6.4.3 Richemont SA

      4. 6.4.4 The Swatch Group AG

      5. 6.4.5 Chow Tai Fook Jewelry Company Limited

      6. 6.4.6 Tata Sons Private Ltd

      7. 6.4.7 De Beers Jewellers US Inc..

      8. 6.4.8 Swarovski Crystal Online AG

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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