Transparency Market Research

Gems and Jewellery Market Growing 15% in 2014-15 Year to $6.38 Billion

Transparency Market Research Added A New Report "Gems and Jewellery Market" And Its Database.

 

Albany, NY -- (SBWIRE) -- 04/27/2015 -- 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 Jewellery 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 Jewellery 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.

Overview:
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 Jewellery Market such as: Tiffany, Gitanjali, Zale Titan, and Blue Nile.

Major geographies analyzed under this research report are:
Europe
North America
Asia-Pacific
Rest of the World

This report gives you access to decisive data such as:
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for the coming years

Key highlights of this Report:
Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements in the micro servers industry
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments

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About Transparency Market Research
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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