![Global Jewelry Market](https://res.cloudinary.com/devmoveo/image/upload/v1705066982/skyquest/report/phpGtWckX.jpg)
Report ID: SQMG15L2001
Report ID:
SQMG15L2001 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
92 |
Figures:
76
Global Jewelry Market size was valued at USD 326.08 billion in 2019 and is poised to grow from USD 340.69 billion in 2023 to USD 482.22 billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).
Due to the fact that the leading companies are concentrating on using their websites to announce new releases, sales, and other pertinent information, the jewellery industry is anticipated to experience significant growth via the online channel. However, it is anticipated that increasing e-commerce frauds and a lack of understanding regarding jewellery hallmarks will impede market expansion.
The increasing acceptance of jewelry among men is also propelling the growth of the market. Products such as cufflinks, plain gold chains, tie bars, cartography necklaces, and signet rings are some of the products commonly in demand among men. A vast client base makes it possible for manufacturers to cater to a large market and earn profits. The introduction of new designs and emerging fashion trends are attracting customers and manufacturers are leveraging this frequent change in fashion to design unique products to attract customers.
US Jewelry Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONJewelry Market size was valued at USD 326.08 billion in 2019 and is poised to grow from USD 340.69 billion in 2023 to USD 482.22 billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).
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Report ID: SQMG15L2001