The Gems and Jewellery industry is growing because of the rising income levels of consumers as well as the increasing usage of ornaments in the ceremonies in Asian countries. In Asian countries, people are moving away from the traditional unorganized jewellery shops towards the organized branded products to protect themselves from counterfeit products. The increasing advertisement spends of the gems and jewellery companies are generating awareness about the benefits of shopping from organized retail and it has also led to increasing ornament gifting habit in Asian countries. The easy finance schemes are also enabling the financially weak customers to purchase jewelleries for ceremonies. Among the Asian countries, China and India are the key consumer markets and also the leading processors for gems and jewellery.
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The major product segments include Gold, Diamond, Silver, Platinum, Pearl and other precious metals. The major restraints of the industry are inflation and increasing labour charges which are impacting the prices of the jewelleries. Though, the organized sector is growing swiftly, the consumers in Asian countries, especially India, still prefer to purchase from the unorganized retailers. This practice is owing to their perception of getting cheaper products from the retailers as they have a long history of trade with these unorganized retailers. Some of the major global companies in the Gems and Jewellery market are Tiffany, Gitanjali, Titan, Zale and Blue Nile.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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