The global demand for Gold Jewelry Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Tons in 2021 and foreseen to touch XX Tons by 2027 with a CAGR of XX% during 2021-2027.
Gold jewelry or jewellery is a type of jewelry made by gold material. It comprises decorative items worn for personal decoration, such as rings, necklaces, earrings, pendants, and bracelets. Gold jewelry is considered as the perception of the status symbol. Gold jewelry is available on different carat from 24, 22, 21, 18, 12, 9, or even lowers along with different sizes and shapes. Usage of gold chains and necklaces is no longer limited to any weddings or functions. Men and women both wear rings, gold chains, and bracelets as a fashion statement. The world consumption of new gold produced is about 50 percent in jewelry, 40 percent in investments, and 10 percent in industry.
The market is predominantly driven by a broad client base of gold jewelry across the globe. The changing lifestyle and perception of gold jewelry as a status symbol are projected to drive this market's growth. In addition to this, rising acceptance of jewelry among men is another factor boosting the market growth. The emergent trend of bridal jewelry is acquiring momentum in the market. In countries like India, rising gold expenditure on wedding functions is expected to impact market growth positively. The availability of customization of such products in the market is an essential factor likely to fuel market growth. However, fluctuating prices of gold and rising e-commerce fraud and the absence of knowledge about hallmarks on gold jewelry are projected to hinder the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of gold jewelry.
The entire gold jewelry market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- 18k Gold
- 14K Gold
- 24K Gold
This section covers regional segmentation which accentuates on current and future demand for gold jewelry market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Gold Jewelry Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the gold jewelry market include Cartier, Tiffany, Laofengxiang, Chow Tai Fook, Chow Sang Sang, Lukfook, Mingr, LVMH, Chowtaiseng, Harry Winston, CHJ, CHJD, Yuyuan, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.