September 6, 2023 – The recently unveiled “Gems and Jewellery Market” report by Absolute Reports offers a comprehensive exploration of this vibrant industry. This all-encompassing analysis delves into various facets, encompassing end-user applications (Online, Retail, Jewelry Stores), gem types (Gold, Diamond, Platinum, Gems, Others), global regions, and forward-looking projections spanning the period from 2023 to 2029. With a robust blend of qualitative and quantitative insights, driven by SWOT and PESTLE analyses, this executive data dossier is poised to equip stakeholders with valuable intelligence.
The report artfully navigates the past and present market dynamics, illuminating pivotal trends, data points, and insights essential for grasping the future potential of market expansion.
Key Industry Players in the Gems and Jewellery Market:
Chow Tai Fook Jewellery
LVMH
Rajesh Exports
Richemont
Signet Jewelers
Market Metrics and Projections:
The Gems and Jewellery market’s size, forecasts, and estimations are meticulously presented in terms of sales volume (K Units) and revenue (USD millions). The report considers 2022 as the baseline year, with historical and forecast data spanning from 2018 to 2029. This comprehensive analysis also bifurcates the global Gems and Jewellery market, providing regional market sizes, product-based segmentation, application-based insights, and competitive player data.
Key Highlights:
Primarily focuses on critical aspects such as market size, competitor landscape, current status, and emerging trends within the Gems and Jewellery market. It additionally offers strategic guidance for companies seeking to navigate the challenges posed by COVID-19, while emphasizing the role of technological innovation in enhancing product performance and expanding market applications.
Market Segments:
The report explores key market segments, categorized by Type and Application. Industry experts have assessed the profitability and growth potential of these segments, offering sales, revenue, and price forecast data for the period spanning 2017 to 2029, based on production, price, and value.
Recent developments in the Gems and Jewellery industry, spotlighting futuristic growth opportunities.
Impact of COVID-19 and the Russia-Ukraine Conflict:
The report acknowledges the substantial influence of COVID-19 on the Gems and Jewellery market. It highlights the accelerated adoption of digital and remote research technologies amid the pandemic. Businesses have had to adapt to virtual research methods due to social distancing measures, underscoring the importance of flexible and adaptable research technologies.
In conclusion, businesses that effectively harness the potential of these new research technologies will likely gain a competitive edge in their respective markets.
Market Analysis and Insights: Global Gems and Jewellery Market:
The global Gems and Jewellery market, due to the COVID-19 pandemic, is estimated at USD million in 2022. It is forecasted to adjust to a size of USD million by 2029, with a CAGR of Percent during the review period. Rutile, accounting for Percent of the Gems and Jewellery global market in 2021, is projected to reach USD million by 2029, with a revised Percent CAGR in the post-COVID-19 era. The Cosmetics segment is expected to experience a Percent CAGR throughout the forecast period.
Notably, the Chinese Gems and Jewellery market was valued at USD million in 2021, while the US and Europe Gems and Jewellery markets stood at USD million and USD million, respectively. The US held a Percent market share in 2021, while China and Europe claimed Percent and Percent, respectively. Predictively, China’s market share is set to reach Percent in 2029, tracking a CAGR of Percent during the analysis period. Within Asia, Japan, South Korea, and Southeast Asia emerge as significant markets, poised for a CAGR of Percent over the next 6 years. Meanwhile, the European Gems and Jewellery landscape projects Germany to reach USD million by 2029, with a CAGR of Percent throughout the forecast period.
