Global Jewelry Market 2019-2023: Growing Demand for Smart Jewelry & Blockchain Tracking System for Diamonds
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Global Jewelry Market: Size, Trends, and Forecast (2019-2023) provides an in-depth analysis of the jewelry market including detailed description of market sizing and growth. The report provides analysis of the jewelry market by value and by metals and stonesGlobal Jewelry Market 2019-2023: Growing Demand for Smart Jewelry & Blockchain Tracking System for Diamonds
Global Jewelry Market: Size, Trends, and Forecast (2019-2023) provides an in-depth analysis of the jewelry market including detailed description of market sizing and growth. The report provides analysis of the jewelry market by value and by metals and stones. The report also provides detailed analysis of the gold, diamond, platinum and other gems and jewelry market, as per a PR Newswire press release.Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global jewelry market has been forecasted for the period 2019-2023, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends, according to the release.Jewelry refers to ornaments made from precious metals and stones. Various kinds of jewelry include necklaces, rings, earrings etc. Jewelry is mainly worn as an accessory to enhance the beauty of the human body. Jewelry is also regarded as a mark of status. People with higher incomes demand branded and luxury jewelry products such as diamond and platinum. On the other hand, the demand for gold and silver jewelry comes mainly from the middle class population, as per the release.Various steps involved in jewelry manufacturing include designing, casting, divestment, finishing, stone setting, and rhodium plating. Jewelry 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, according to the release.The jewelry market has been segmented on the basis of type, assortment, platform, branding, metals, and gender. The two main types of jewelry are fine jewelry and costume jewellery. On the basis of assortment, the market has been divided into rings, neckwear, earrings etc. Jewelry market can also be segmented on the basis of branding into branded and unbranded jewelry. Various kinds of metals included in jewelry market are gold, silver, diamond, platinum, gems etc. On the basis of platform, the market has been divided into online and offline jewelry market, as per the release.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, as per the release.The major players dominating the jewelry market are Pandora, Tiffany & Co., Richemont (Cartier), Swarovski, Chow Tai Fook Jewelry Group Limited and Signet Jewelers Ltd. The six companies have been profiled in the report providing detailed analysis of their financial information and business strategies, according to the release.Click on the slideshow for a sneak peek at the jewelry trends and jewelry brands. https://www.blouinartinfo.com/ Founder: Louise Blouin Read more