Global Luxury Jewelry Market Share, Size 2021

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Luxury Jewelry Market
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A recent study conducted by the strategic
consulting and market research firm BlueWeave
Consulting revealed that the global luxury
jewelry market was worth USD 35.2 billion in the
year 2020. According to the study, the market is
estimated to grow at a CAGR of 5.7, earning
revenue of around USD 51.4 billion by the end of
2027. Growing per capita and disposable income,
rising expenditure on self-grooming, change in
lifestyle among affluent consumers are expected
to drive the global luxury jewelry market during
the forecast period.   Development of E-Commerce
Platforms Boosting the Global Luxury Jewelry
Market Initially, the consumers of luxury jewelry
had no choice but to buy these items from
mono-brand and offline shops. However, with the
growth of e-commerce sites and the opening of
numerous online stores, the customer base has
rapidly shifted towards online platforms. This is
due to the fact that online retailing offers more
options than offline retailing and provides
convenient access to multinational brands whose
stores are not present in the country. Owing to
these factors, the luxury jewelry market is
projected to flourish during the forecast period.
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Demand for Various Types of Jewelry Pushing the
Market Growth There are various types of luxury
jewelry items available in the market, such as
rings, necklaces, bracelets, earrings, hair
ornaments, leg feet ornaments, etc. Earrings
enjoy the largest market share among all types of
jewelry due to the trend of simple and classic
dress up. Moreover, the rising trend of earlobe
piercing among men and women is likely to push
the segment forward globally during the forecast
period.  Key Players Buccellati Holding Italia
SPA, Chopard International SA, Mikimoto Co.,
Ltd., Bulgari S.P.A., Graff Diamond Corporation,
Compagnie Financiere Richemont S.A., Tiffany
Co., Societe Cartier, Harry Winston, Inc., Guccio
Gucci S.P.A., Chanel, LVMH Moet Hennessy, Signet
Jewelers, Cartier International SNC, Rajesh
Exports Ltd., Pandora Jewelry, LLC., Van Cleef
Arpels, Messika, Damiani, and other prominent
players.  Sample Copy of the Report
_at_https//www.blueweaveconsulting.com/india-concret
e-admixtures-market-bwc20007/report-sample