Harrisburg, NC -- (SBWIRE) -- 10/29/2020 -- The Jewellery Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Jewellery Market: Pandora, Tiffany & Co., Richemont (Cartier), Swarovski, Chow Tai Fook Jewellery Group Limited, Signet Jewelers Ltd. and others.
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Jewellery refers to ornaments made from precious metals and stones. Various kinds of jewellery include necklaces, rings, earrings etc. Jewellery is mainly worn as an accessory to enhance the beauty of the human body. Jewellery is also regarded as a mark of status. People with higher incomes demand branded and luxury jewellery products such as diamond and platinum. On the other hand, the demand for gold and silver jewellery comes mainly from the middle class population.
Various steps involved in jewellery manufacturing includes designing, casting, divestment, finishing, stone setting and rhodium plating. Jewellery is mainly used as an ornament but also serves as a mode of investment, particularly gold jewellery. It also serves a devotional purpose and is used to reflect different cultures and feelings.
The jewellery market has been segmented on the basis of type, assortment, platform, branding, metals and gender. The two main types of jewellery are fine jewellery and costume jewellery. On the basis of assortment, the market has been divided into rings, neckwear, earrings etc. Jewellery market can also be segmented on the basis of branding into branded and unbranded jewellery. Various kinds of metals included in jewellery market are gold, silver, diamond, platinum, gems etc. On the basis of platform, the market has been divided into online and offline jewellery market.
The global jewellery market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2023). The market is expected to be driven by various growth enhancing factors such as the growing number of digital buyers, growing female workforce population, increasing middle class population, growing high net worth individuals (HNWI) population, growth of international tourism etc. However, the market is not free from challenges that are hindering its growth. Some of the major challenges faced by the market are declining rough-diamond mine supply, e-commerce fraud and delayed marriages among the youth.
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Influence of the Jewellery Market Report:
-Comprehensive assessment of all opportunities and risks in the Jewellery market.
-The detailed study of business strategies for the growth of the Jewellery market-leading players.
-Conclusive study about the growth plot of the Jewellery market for forthcoming years.
-In-depth understanding of Jewellery market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Jewellery market.
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