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

Global 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).

Jewellery classified as "demi-fine" blurs the distinction between fine and costume jewelry. Costume jewelry comprises alloys and crystals, as opposed to fine jewellery, which is composed of precious metals, gemstones, and other materials. An amalgamation of the two is demi-fine jewellery. Semi-precious stones are typically used along with 14k gold to create it. Fine jewellery falls into the demi-fine category. Due to its low prices and ability to grow one's jewellery collection, it has become popular among women. It is stylish, expensive jewellery that can be worn every day, lasts a long time, and is made to last. Customers of all ages and for a variety of events find demi-fine jewellery to be an appealing gift option due to its accessibility and usage of high-quality materials. Demi-fine jewellery is therefore in high demand as a result. In addition, a new generation of "demi-fine" jewellery manufacturers is being driven by originality and range of possibilities. Due to women's growing demand for simple, gorgeous jewellery products for everyday or professional use, demi-fine jewellery is predicted to grow more quickly than the entire jewellery industry during the projection period. Rising e-commerce frauds and a lack of knowledge about jewellery hallmarks will impede the market's growth. Because of the contemporary, trend-driven designs and reasonable costs, the market for demi-fine jewellery is expected to expand rapidly. The expanding e-commerce sector, brand online presence, and rising social media and app usage have created a lucrative potential for the market to build its client base. The jewellery industry was already struggling with concerns like customs taxes, a drop in exports, and other things. Sales have already decreased recently due to the sudden price increase.

US Demi-Fine Jewellery Market  is poised to grow at a sustainable CAGR for the next forecast year.