Global Demi-Fine Jewellery Market

Demi-Fine Jewellery Market Size, Share, Growth Analysis, By Distribution Channels(Below 150 USD, 151-300 USD, 301-500 USD), By Region - Industry Forecast 2025-2032


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

Demi-Fine Jewellery Market Insights

Demi-Fine Jewellery Market size was valued at USD 2.53 Billion in 2023 and is poised to grow from USD 2.9 Billion in 2024 to USD 8.75 Billion by 2032, growing at a CAGR of 14.80% during the forecast period (2025-2032).

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.

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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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Global Demi-Fine Jewellery Market

Report ID: SQMIG25K2065

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