Global Gems & Jewelry Market, By Type, By Region, Competition Forecast & Opportunities, 2012-2022
Expanding urbanization, changing lifestyles, growing e-commerce sales, rising presence of organized retail channels, growing number of premium product launches and synchronized distribution networks, etc., is projected to drive global gems & jewelry market during the forecast period. Demand for diamond in gold, gold, platinum, gemstones and pearl jewelry has always been high regardless of prices, globally. Further, major players operating in global gems & jewelry market are changing their product portfolios and increasing their focus on making customized jewelry, as per consumer demands. Advancements in jewelry making process along with availability of a range of certification bodies such as Kimberly Process Certification Scheme, Bureau of Indian Standards (BIS) hallmarking and Confédération International de la Bijouterie, Joaillerie, Orfèvrerie des Diamants, Perles et Pierres (CIBJO) are anticipated to pump growth in global gems & jewelry market in the coming years.
According to “Global Gems & Jewelry Market, By Type, By Region, Competition Forecast & Opportunities, 2012-2022”, global gems & jewelry market is projected to cross US$443 billion by 2022, on account of booming tourism industry, establishment of a large number of exclusive showrooms by leading players, and rising online availability of gems & jewelry. Demand for gems & jewelry across the globe is dominated by Asia-Pacific and North America. Asia-Pacific is also emerging as the fastest growing market for gems & jewelry across the globe, on account of high demand from India, China, Vietnam, Thailand, Japan and Indonesia. High demand for gems & jewelry in the region can also be attributed to rising disposable income, and aggressive marketing and promotional strategies by leading players. “Global Gems & Jewelry Market, By Type, By Region, Competition Forecast & Opportunities, 2012-2022” discusses the following aspects of the global gems & jewelry market: