Global Gems and Jewellery Market Size, Share, Trends and Forecast 2016

Global Gems and Jewellery Industry 2015-2019 Market Share and Size, Trends and Growth, Analysis and Forecast

Market analysis of the gems and jewelry market

Technavios market research analyst predicts the global gems and jewelry market to reach a market value of around USD 292 billion by the end of 2019. The changing lifestyles and evolving consumer preferences have driven the growth of this market. Consumers are buying gold and diamond jewelry as gifts for marriages, birthdays, and anniversaries.

The growing organized retail format is also expected to contribute to the market growth during the forecast period. All the key vendors in markets such as the US, the UK, Japan, and Italy operate through their exclusive modern retail jewelry stores or specialty jewelry stores. This trend is also being witnessed in emerging markets such as India. For instance, Titan became the largest organized retailer for gems and jewelry during 2014 with a market share of 4% in India. It started its flagship brand store called 'Tanishq' in 1994 and within ten years of operation the retailer has created a significant footprint in the Indian market.

Product segmentation and analysis of the gems and jewelry market

Gold jewelry

Diamond jewelry

Platinum jewelry

Others (silver, palladium, imitation jewelry, colored gems, precious stones)

The gold jewelry segment accounted for 43% of the market share during 2014. However, the report predicts this segment to witness a decline in shares during the forecast period. The increasing gold price index globally across different currencies is the primary reason for the decline of this segment.

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Geographical segmentation and analysis of the global gems and jewelry market

APAC

Europe

North America

ROW

APAC was the largest revenue contributor during 2014 with a market share of around 53%. The rise in disposable income in this...