Gems and Jewelry Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

The gems and jewelry market share is expected to increase by USD 85.02 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.41%.

This gems and jewelry market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers gems and jewelry market segmentation by distribution channel (offline and online) and geography (APAC, North America, Europe, MEA, and South America). The gems and jewelry market report also offer information on several market vendors, including CHANEL Ltd., Chow Tai Fook Jewellery Co. Ltd., Compagnie Financiere Richemont SA, Kalyan Jewellers, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, PC Jeweller Ltd., Rajesh Exports Ltd., Signet Jewelers Ltd., and The Swatch Group Ltd. among others.

What will the Gems and Jewelry Market Size be During the Forecast Period?

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Gems and Jewelry Market: Key Drivers and Trends

The innovation in terms of design and manufacturing technology is notably driving the gems and jewelry market growth, although factors such as rising labor costs and fluctuating raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the gems and jewelry industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Gems and Jewelry Market Driver

Innovation in terms of design and manufacturing technology is one of the primary factors that will trigger the growth of the global gems and jewelry market in the upcoming years. The demand for personalized jewelry is growing among customers, as it allows them to select their desired designs and further customize their jewelry by adding gemstones and other precious stones. Vendors are using advanced technology such as laser technology and induction technology to fulfill these requirements. Similarly, various designers are also using innovative 3D printers that use the Rapid Prototyping (RP) technology to review the design concepts, which help them in understanding the requirements and complexity in the manufacturing of any jewelry designs. 

This gems and jewelry market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Gems and Jewelry Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• CHANEL Ltd.
• Chow Tai Fook Jewellery Co. Ltd.
• Compagnie Financiere Richemont SA
• Kalyan Jewellers
• Kering SA
• LVMH Moet Hennessy Louis Vuitton SE
• PC Jeweller Ltd.
• Rajesh Exports Ltd.
• Signet Jewelers Ltd.
• The Swatch Group Ltd.

This statistical study of the gems and jewelry market encompasses successful business strategies deployed by the key vendors. The gems and jewelry market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The gems and jewelry market forecast report offer in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Gems and Jewelry Market?

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62% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for gems and jewelry in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, and South America.

The rising economic growth, expanding middle-class population base, and the growing number of players will facilitate the gems and jewelry market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the Gems and Jewelry Market?

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The gems and jewelry market share growth by the offline segment will be significant during the forecast period. The revenue of the offline distribution channel comes from the sales of products through specialty stores (including exclusive brand stores, multi-brand stores, and premium fashion stores); hypermarkets, supermarkets, and clubhouse stores; and department stores. To fuel the sales through the offline channels, players are managing their sales through store expansions in the local and regional markets. The increasing network of departmental stores, hypermarkets, and supermarkets is expected to drive the growth of the offline segment. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the gems and jewelry market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Gems and Jewelry Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive gems and jewelry market growth during the next five years
• Precise estimation of the gems and jewelry market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the gems and jewelry industry across APAC, North America, Europe, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of gems and jewelry market vendors

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