What is the global market size of Demi-Fine Jewellery Market?

Global Demi-Fine Jewellery Market size was valued at USD 1924.1 million in 2021 and is poised to grow from USD 2208.87 million in 2022 to USD 6663.53 million by 2030, growing at a CAGR of 14.8% in the forecast period (2023-2030).

Demi-Fine Jewellery Market Size, Share, Growth Analysis, By Distribution Channels(Below 150 USD, 151-300 USD, 301-500 USD), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25K2065 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 36 | Figures: 74

Demi-Fine Jewellery Market Regional Insights

Europe dominated the global market in 2021. The rising demand for elegant jewellery at reasonable prices is to blame for this. Demi-fine jewellery is increasingly popular in major European nations like Italy, France, Germany, and the United Kingdom. During the forecast period, the market is anticipated to increase due to a strong online channel presence in Europe and rising consumer spending on accessories to enhance appearances. Throughout the projected period, it is also anticipated that the number of wealthy consumers in this region would grow.

Asia Pacific is expected to grow at the fastest CAGR. Numerous important players like Tanishq, Queelin, and others significantly influence the region's propelled consumption. Also, the appeal of wearing semi-fine jewellery for customary celebrations like Diwali, Chinese New Year, Shogatsu, and others fuels demand for the demi-fine market in the region.

Demi-Fine Jewellery Market Report Snapshots

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Demi-Fine Jewellery Market size was valued at USD 2.20 billion in 2022 and is poised to grow from USD 2.53 billion in 2023 to USD 7.62 billion by 2031, growing at a CAGR of 14.80% during the forecast period (2024-2031).

To meet demand, market players are expanding globally, and their presentation of fresh concepts through ongoing development is projected to accelerate market expansion. 'Mejuri', 'Catbird', 'Monica Vinader', 'Missoma', 'Kendra Scott', 'Pandora', 'Astley Clarke', 'David Yurman', 'Jennifer Meyer', 'Anna Sheffield', 'Aurate', 'Sarah Chloe', 'Bing Bang', 'Adina's Jewels', 'EF Collection', 'Zoe Chicco', 'Jacquie Aiche', 'Stone and Strand', 'Laura Lombardi', 'The Last Line'

With rising income levels in many parts of the world, consumers are looking for ways to indulge in luxury goods without breaking the bank. Demi-fine jewellery offers a way to own high-quality jewellery without the hefty price tag of fine jewellery. Consumers are increasingly prioritizing experiences over material possessions, which has led to a shift in spending patterns towards more affordable luxury goods like demi-fine jewellery. As more brands enter the demi-fine jewellery market, the variety of products and price points has increased, making it more accessible to consumers of different budgets.

Influencer collaborations are becoming increasingly popular in the demi-fine jewellery market as brands seek to connect with younger consumers and build brand awareness. Demi-fine Jewellery brands are carefully selecting influencers who align with their brand values and target demographic. By partnering with influencers who have a strong following among their target audience, brands can increase their reach and attract new customers. Many brands are collaborating with influencers to co-create Jewellery collections that reflect the influencer's personal style and aesthetic. This can help to make the Jewellery feel more authentic and relevant to the influencer's followers. Influencer collaborations are often promoted through social media channels, such as Instagram and TikTok. This can help to generate buzz and create a sense of exclusivity around the Jewellery collection.

Europe dominated the market in 2021. The rising demand for elegant jewellery at reasonable prices is to blame for this. Demi-fine jewellery is increasingly popular in major European nations like Italy, France, Germany, and the United Kingdom. During the forecast period, the market is anticipated to increase due to a strong online channel presence in Europe and rising consumer spending on accessories to enhance appearances. Throughout the projected period, it is also anticipated that the number of wealthy consumers in this region would grow.

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Demi-Fine Jewellery Market Size, Share, Growth Analysis, By Distribution Channels(Below 150 USD, 151-300 USD, 301-500 USD), By Region - Industry Forecast 2024-2031

Demi-Fine Jewellery Market Regional Insights

Demi-Fine Jewellery Market Report Snapshots

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