China Jewellery Market: Size, Trends and Forecast (2019-2023)

China Jewellery Market: Size, Trends and Forecast (2019-2023)

Scope of the Report

The report entitled “China Jewellery Market: Size, Trends and Forecast (2019-2023)” provides an in-depth analysis of the jewellery market in China including detailed description of market sizing and growth. The report provides analysis of the China jewellery market by value and by metals and stones. The report also provides detailed analysis of the China gold, diamond, platinum and other gems and jewellery market.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall China jewellery market has also been forecasted for the period 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Executive Summary

Jewellery refers to ornaments made from precious metals and stones. Various kinds of jewellery include necklaces, rings, earrings etc. Jewellery is mainly worn as an accessory to enhance the beauty of the human body. Various steps involved in jewellery manufacturing includes designing, casting, divestment, finishing, stone setting and rhodium plating. Jewellery is mainly used as an ornament but also serves as a mode of investment, particularly gold jewellery. It also serves a devotional purpose and is used to reflect different cultures and feelings. The jewellery market has been segmented on the basis of type, assortment, platform, branding, metals and gender. The two main types of jewellery are fine jewellery and costume jewellery. On the basis of assortment, the market has been divided into rings, neckwear, earrings etc. Jewellery market can also be segmented on the basis of branding into branded and unbranded jewellery. Various kinds of metals included in jewellery market are gold, silver, diamond, platinum, gems etc. On the basis of platform, the market has been divided into online and offline jewellery market.

The China jewellery market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2023). The market is expected to be driven by various growth enhancing factors such as rising per capita disposable income, increasing middle class spending, growing high net worth individuals (HNWI) population, rising urban population, growth of tourism industry etc. However, the market is not free from challenges that are hindering its growth. Some of the major challenges faced by the market are falling number of marriages, declining female labor force and the anti-graft campaign introduced in China.