Transparency Market Research Added A New Report "Gems and Jewelry Market" And Its Full Database.
Albany, NY -- (SBWIRE) -- 05/11/2016 -- The report titled 'Gems And Jewelry Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019' comprehensively analyzes the global market for precious stone and metal jewelry. The market is analyzed in USD million for jewelry segments such as: gold, silver, platinum, diamond, pearl, and other.
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This report also offers in-depth region-specific analysis of geographies such as: U.S., Europe, Asia-Pacific, and Rest of the World. Annual forecasts for each of the years from 2013 through 2019 are provided in the report, besides a brief historic analysis of the global Gems And jewelry Market. Analytics and market data contained in this report have been derived through extensive primary and secondary research.
The Company Profiles section of this report is especially pertinent for those companies seeking an overview of the competitive landscape in the Gems And jewelry Market. Information in the Company Profiles section has been extracted from numerous sources including company annual reports, official literature, press releases, and news reports.
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Other key aspects of this report include insightful details about: market growth drivers and restraints, value chain analysis, market projections over the forecast period, and analyses based on Porter's five force model. This report is a valuable resource for existing market players and potential market entrants alike.
Precious gems and jewelry form an integral part of many cultures around the world. Besides holding ceremonial significance in a myriad of cultures, precious stones and metals are also purchased as luxury items. The global gems and jewelry industry has in the recent past witnessed an upward growth graph with the rising income levels of consumers. In the Asian countries, ornament purchases during ceremonies are on the rise. In this region, the emerging trend of consumers moving away from traditional unorganized jewelers to branded products is being observed. This move is a result of consumers' desire to safeguard themselves from inferior quality or counterfeit products.
Major jewelry brands are spending large sums of money on marketing and advertising campaigns, creating heightened awareness about the organized retail jewelry market among consumers. This has also improved the perception of jewelry as a luxurious gift item in Asian countries. All of these efforts are compounded by easy finance schemes being offered by sellers to consumers. This has prompted even those consumers without the financial means to indulge in jewelry purchases—both for ceremonial use and for gifting. China and India are the leading consumer markets in Asia. These countries are also leaders in processing gems and jewelry.
Despite charting a growth graph, the gems and jewelry industry is faced with a few challenges that are anticipated to inhibit its growth. These include: increasing labor charges that ultimately add to the cost of jewelry and inflation. Another challenge that this industry needs to consider lies in India, where consumers still purchase gold and gems from unorganized retailers – many of whom have been jewelers to the family for centuries. Indian consumers perceive products offered by such smaller jewelers as being cheaper than those sold by large brands.
This market research report profiles Leading Brands operating in the global Gems And jewelry Market such as: Tiffany, Gitanjali, Zale Titan, and Blue Nile.
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TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.