Gems and Jewelry Market including Growth Factors, Types and Application by regions by 2026


 Market Overview

Gems and jewelry consists of various jewelries that are made out of gold, platinum, gemstones, and others. Gems and jewelry is one of the fastest growing markets, as it holds customary values in several cultures across the globe. Several leading companies are aiming on investing in the marketing, advertising, and launching of new showrooms for increasing publicity and expanding their presence in the market. For instance, in 2017, Kalyan Jewelers planned to invest US$ 75 million to add 15 new showrooms to their on-going expansion in Eastern and Northern regions of India.

The major drivers of this market include growing demand for crafted premium jewelry and precious gems. According to World Gold Council, the demand for gold jewelry has increased by around 3% in the final quarter of 2017 from its third quarter. Furthermore, changing consumer preferences towards light weight handcrafted jewelry is boosting growth of the market. For instance, The World Gold Council, in 2018, accounted that Chow Tai Fook Enterprises Ltd., a major retailer in China sold 300,000 pieces of 22 carat gold internationally. However, increasing competition from local players and rising labor cost are factors restraining growth of the market. For instance, according to Coherent Market Insights, branded jewelry covers only around 20% of the global market, which will grow and cover over 30% of market share over the forecast period.

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Market Dynamics

Large retailers are merging with top clothing designers to create statement jewelry, as fashion is changing rapidly. For instance, in 2015, Narciso Rodriguez collaborated with the Brazilian jeweler Ana Khouri, and Christophe Lemaire and Sarah-Linh Tran collaborated with the Los Angeles jeweler Sophie Buhai. In 2017, Swarovski collaborated with 11 Indian designers including Rohit Bal, JJ Valaya Suneet, Verma, and others who got their products launched in Swarovski stores. 

Global Gems and Jewelry Market Taxonomy

By Product Type

  • Gold Jewelry

    Diamond Jewelry

    Platinum Jewelry

    Others

By Distribution Channel

  • Specialty Stores

    Online Stores

    Others

Major players in the global gems and jewelery market include Chow Tai Fook (Holdings) Limited, Compagnie Financière Richemont, Jewelry Group, Signet Jewelers, Emperor Watch & Jewelery Ltd., Blue Nile, Zale Titan, Gitanjali Group, Tiffany & Company, and others.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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