Luxury jewelry market Dynamics, Challenges and Business Strategies 2023
1. Luxury Jewelry Market Research Report -Global
Forecast till 2023
IndustrySurvey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
MarketResearch Future
(Part of Wantstats Research & Media Pvt. Ltd.)
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Luxury Jewelry MarketResearch Report- Forecast to 2023
Luxury jewelry is a style statement among the consumers, which leads to increasing demand for different styles and designs in the luxury jewelry
market.Implementation ofnew technologiessuchasComputer Aided System (CAD) inthe jewelry creation is expected to boostthe growth ofthe
luxury jewelry market. CAD technology helps manufacturers to create new and unique jewelry designs, which in comparison to manual designs is
challenging.Hence,shiftingtrendofconsumerstowardsnew andfusiondesignsisexpectedto boosttheluxury jewelrymarket.
Luxury Jewelry Market 2020:IndustrySurvey,Growth, Competitive Landscape and Forecasts to2023
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Luxury Jewelry MarketResearch Report- Forecast to 2023
The global luxury jewelry market has been segregated, by material, into gold, silver, platinum and others. The gold segment is expected to
dominate the global luxury jewelry market during the assessment period, as gold is most preferred metal in luxury jewelry market. According to
the World Gold Council, in 2018, 48% of the gold was utilized to manufacture jewelry. Additionally, gold jewelry is very popular in countries such
asIndiaandChina.
“Taste the market data and market information presented through more than 50market datatables and figures
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on “Luxury Jewelry Market Research Report -Global Forecast 2023”
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Luxury Jewelry MarketResearch Report- Forecast to 2023
Regional Analysis
On the basis of region, the global luxury jewelry market has been segmented by North America, Europe, Asia-Pacific, and RoW. Asia Pacific is
expected to dominate the global luxury jewelry market owing to increasing awareness aboutbranded jewelry.Additionally, increasing influence of
promotionalcampaignsthroughsocialmedia hasledto highadoptionofmodernfashiontrendsinconsumers.
The luxury jewelry market in Europe is expected to grow rapidly due to factors such as growing popularity of customized jewelry according to
consumer requirement and increasing demand for fusion of traditional jewelry with trending fashion is expected to boost the luxury jewelry
market duringthe forecastperiod.
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