Luxury jewelry is well-known for its profound designs and the usage of the finest and expensive raw materials. The market of luxury jewelry is dynamic and fast-growing which are highly fragmented and mostly driven by consumer behavior as well as fashion trends. The significant growth can be projected in the coming years, owing to increasing disposable income and consumer spending on luxury goods.

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Global luxury Jewelry — Product type Analysis

Based on the Product type, the jewelry market is divided as Necklace, Ring, Bracelet, Hair Ornaments, Earring, Leg & Feet Ornaments, and Others. The Earing segment is expected to have the lion share over the forecast period due to the trend of simple and classic dress up. Moreover, the rising trend of earlobe piercing among both men and women is likely to drive the growth of this segment, globally over the forecast period. However, the manufacturers are also focusing on craftsmanship and quality of the product, owing to which the market would witness a surge in the demand for all product segments of the luxury jewelry market.

Global luxury Jewelry — Regional Analysis

Based on the region, the global luxury jewelry market is segmented into six regions which are North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. Europe has the biggest market for luxury jewelry products. Key factors such as jewelry customization, the increasing popularity of pop-up stores, and fusion of costume jewelry with trending fashion are boosting the growth of the overall market in Europe over the overcast period. On the other hand, the Asia Pacific region is also growing owing to the factors such as increasing disposable income of mid-age population in emerging economies such as China and India.

Global luxury jewelry Market: Competitive Landscape

Companies, such as David Yurman, Tiffany & Co., Yakult Honsha Co Ltd; Van Cleef & Arpels, Harry Winston, LVMH, and Buccellati are the major players in the global luxury jewelry market, providing various products of luxury jewelry. In April 2017, the Franco-Swiss group FM Industries Sycrilor, manufacturer of luxury jewelry for companies such as Louis Vuitton, Cartier, and Mont-Blanc, started one of its technological and production centers in the Portuguese city, Covilha.

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Scope of the Report

By Type

Fine
Custom
By Product Type

Necklace
Rings
Bracelets
Hair Ornaments
Earrings
Leg & Feet Ornaments
Others
By Material

Gold
Diamond
Platinum
Gems
Others
By End- user

Male
Females
By Distribution Channel

Online stores
Offline stores