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.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- 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.
Reasons for Buying this Report
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understand the industry growth rate
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how the market is predicted to grow
·
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future
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dynamics and keeps you ahead of competitors
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