Gems And Jewelry Market

Market Insights

The global market value for gems and jewelry is expanding at a CAGR of 5.1% during the forecast period from 2018 to 2026. Asia Pacific led the gems and jewelry market in 2017 and is expected to remain dominant during the forecast period. North America is expected to be the fastest-growing market during the forecast period.

Gems and jewelry comprise different gemstones and items that are made from precious metals such as gold, silver, platinum, bronze, and alloys, or gemstones that include diamond, ruby, sapphire, pearl, and emerald, among others. Demand for gems and jewelry has increased significantly over the past few decades, primarily driven by millennials. Manufacturers’ new product designs have resulted in significant growth of the gems and jewelry market over the years and have been targeted at various age groups.

Advancements in the jewelry manufacturing process, along with the availability of different certification bodies such as the Bureau of Indian Standards (BIS), Kimberly Process Certification Scheme, the Confederation, and hallmarking, among others, are expected to trigger the growth of the gems and jewelry market in the coming years. In addition to this, the introduction of new and different designs is one of the latest trends that will gain more attention from consumers in the coming years. Jewelry inspired by Egyptian, Italian, and European cultures is gaining immense popularity among consumers across the globe.

India is one of the fastest-growing markets for gems and jewelry, contributing 7% of the country’s GDP and 15% of total exports. Greater advertisement spending and the rising availability of gems and jewelry in organized retail chains are some of the key factors responsible for the steady market growth of gems and jewelry in India. India is deemed to be the hub of the gem and jewelry market because of its low cost of production and availability of skilled labor.

The Government of India has designated the gems and jewelry sector as a priority area for export promotion based on the potential for market growth. According to the Export Promotion Council, India exports 75% of the world’s polished diamonds. Singapore, China, Russia, and Latin America are the major importers of Indian jewelry. Besides India, the U.S., UAE, and Hong Kong are also the major exporters of gems and jewelry.

Counterfeit products are an increasingly significant concern in the brand jewelry industry. A major problem is associated with imitation gemstones, which are hard to distinguish from real ones. A huge influx of counterfeit products from developing economies is particularly hampering the growth of actual sales and damaging the original brand’s value.

Market Synopsis:

The jewelry segment captured a significant portion of the market in 2017 and is expected to continue in the coming years.

In terms of market value, the jewelry segment accounted for the largest share in 2017. Jewelry is further categorized into studded jewelry and non-studded jewelry.

Innovations toward new and unique designs are one of the key factors boosting demand for this segment. The jewelry segment is growing on account of expanding prominent jewelry brands, such as Tiffany & Co. and Cartier, and several new entrants, such as David Yurman and Pandora. In addition to this, future growth in the jewelry segment is likely to come from other players who are into high-end leather goods or apparel. For instance, companies such as Hermès, Dior, and Louis Vuitton are introducing jewelry collections or expanding their assortment.

Asia Pacific is likely to dominate the global gems and jewelry market throughout the forecast period.

Based on geography, Asia Pacific dominated the market in 2017 and is likely to continue a similar trend in the coming years. Gems and jewelry are gaining importance among the population across different age groups, which is a key factor pushing the market growth. The key reasons associated with the increasing demand for gems and jewelry are premium product launches, organized retailing, and rapid urbanization, among others.

Moreover, certifications and technological advancements available to customers are helping the industry build trust in the minds of the existing consumer base as well as the minds of new consumers. Thus, this will help the market grow in the coming years. In addition to this, with the rising demand for new designs, these brands are willingly changing their product portfolios and focusing on customization as per the preferences of the consumers.

The major growing markets present in the Asia Pacific region are China, Vietnam, India, Indonesia, Thailand, and Japan. North America is expected to be the fastest-growing market for gems and jewelry during the forecast period, with the U.S. spearheading the growth of the market.

Companies operating in the market using new product launches and the introduction of unique designs as key strategies.

The global gems and jewelry market is marked by intense competition from small and major players operating in this market. Strategic acquisitions and mergers, product innovations, partnerships, joint ventures, and geographical expansions are some of the key strategies adopted by the leading players to ensure long-term sustenance in the market. Key players operating in the field of gems and jewelry include Chopard, K. Mikimoto & Co. Ltd., Bulgari S.p.A., Piaget, Graff Diamonds, Tiffany & Co., Buccellati Holding Italia, Van Cleef & Arpels, Société Cartier, Harry Winston, Chow Tai Fook Enterprises Ltd., LVMH, Compagnie Financière Richemont SA, Signet Jewelers Ltd., Tanishq, and

Companies such as Chopard regularly adorn celebrities with jewelry for different events in order to grab more customer attention. For instance, in 2017, Chopard collaborated with well-known musician Rihanna in order to introduce the new “Rihanna Loves Chopard” collection of jewelry.

In May 2018, De Beers Group made an announcement regarding the launch of a company, Lightbox Jewelry, and will begin the marketing strategies for a brand of laboratory-grown diamonds that will offer customers quality, fashionable, and studded jewelry designs at affordable prices. This new line of jewelry will bring something innovative and new to the jewelry sector, featuring blue, white, and pink lab-grown diamonds in a section of the accessibly priced necklace and earring designs.

In July 2018, the French jewelry brand Boucheron celebrated its 160th anniversary with the introduction of its latest jewelry collection, “Nature Triomphante,” which combines efficient skills, scientific techniques, and creative innovation. The collection consists of different exceptional pieces, but “Fleurs Eternelles” grabbed more customer attention. The nine unique flower rings are made using real flower petals made with unprecedented techniques and were individually scanned in order to capture their volumes with all the detailing.

Periods of History and Forecast

Our study analyzed each market segment during the period of 2016 to 2026, with 2017 as the base year. The forecast period between 2018 and 2026 isconsidered for the CAGR calculation.

Report Scope

The report provides a comprehensive overview of the global gems and jewelry market by categorizing it into the following segments.

This research report describes leading continents and their major countries, along with profiles of key players operating in the overall market and their planned developments. Our report further defines the overall market dynamics, such as drivers, challenges, and opportunities prevalent in the market, to understand the global gems and jewelry market more explicitly. Our in-depth quantitative and qualitative analysis of each segment up to the country level highlights revenue pockets and investment opportunities in the market.

Key questions are answered in this report.

• Who are the major manufacturers and distributors operating in the gem and jewelry market?
• What are the largest segments in the market during the forecast period from 2018 to 2026?
• Which are the fastest-growing segments in the market during the forecast period?
• What are the current market trends in the gems and jewelry market, and what are the valuable opportunities for the players?
• How are the certifications affecting global as well as regional markets?
• Which are the key players operating in the global market, and what are the strategies they have adopted?
• What are the revenues, business strategies, and product portfolios of the top manufacturers operating in the gems and jewelry market?
• What are the market size and trends in emerging and developed countries?

1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Assumptions

2. Executive Summary
2.1. Global GJ Market Portraiture
2.2. Global GJ Market, by Type, 2017 (US$ Bn)
2.3. Global GJ Market, by Distribution Channel, 2017 (US$ Bn)
2.4. Global GJ Market Share, by Geography, 2017 (US$ Bn)

3. Gems and Jewelry: Market Dynamics and Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Value Chain Analysis
3.6. Attractive Investment Proposition, by Geography, 2017
3.7. Competitive Landscape, by Key Players, 2017

4. Global Gems and Jewelry (GJ) Market, by Type, 2016-2026 (US$ Bn)
4.1. Overview
4.2. Gems
4.2.1. Diamond
4.2.2. Ruby
4.2.3. Sapphire
4.2.4. Emerald
4.2.5. Pearl
4.2.6. Others (Topaz, Quartz, Black Opal, Etc.)
4.3. Jewelry
4.3.1. Gold
4.3.2. Silver
4.3.3. Platinum
4.3.4. Others

5. Global Gems and Jewelry (GJ) Market, by Distribution Channel, 2016-2026 (US$ Bn)
5.1. Overview
5.2. Online Channel
5.3. Offline Channel
5.3.1. Organized Retail
5.3.2. Unorganized Retail

6. Global Gems and Jewelry (GJ) Market, by Geography, 2016 – 2026 (US$ Bn)
6.1. Overview
6.2. North America GJ Market, 2016 – 2026
6.2.1. North America GJ Market, by Type, 2016 – 2026 (US$ Bn)
6.2.2. North America GJ Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
6.2.3. North America GJ Market, by Country, 2016 – 2026 (US$ Bn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe GJ Market, 2016 – 2026
6.3.1. Europe GJ Market, by Type, 2016 – 2026 (US$ Bn)
6.3.2. Europe GJ Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
6.3.3. Europe GJ Market, by Country/Region, 2016 – 2026 (US$ Bn)
6.3.3.1. Germany
6.3.3.2. U.K.
6.3.3.3. France
6.3.3.4. Italy
6.3.3.5. Spain
6.3.3.6. Rest of Europe
6.4. Asia Pacific GJ Market, 2016 – 2026
6.4.1. Asia Pacific GJ Market, by Type, 2016 – 2026 (US$ Bn)
6.4.2. Asia Pacific GJ Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
6.4.3. Asia Pacific GJ Market, by Country/Region, 2016 – 2026 (US$ Bn)
6.4.3.1. China
6.4.3.2. India
6.4.3.3. Japan
6.4.3.4. Singapore
6.4.3.5. Thailand
6.4.3.6. Rest of Asia Pacific
6.5. Latin America GJ Market, 2016 – 2026
6.5.1. Latin America GJ Market, by Type, 2016 – 2026 (US$ Bn)
6.5.2. Latin America GJ Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
6.5.3. Latin America GJ Market, by Country/Region, 2016 – 2026 (US$ Bn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa (MEA) GJ Market, 2016 – 2026
6.6.1. Middle East & Africa GJ Market, by Type, 2016 – 2026 (US$ Bn)
6.6.2. Middle East & Africa GJ Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
6.6.3. Middle East & Africa GJ Market, by Region/Region, 2016 – 2026 (US$ Bn)
6.6.3.1. GCC
6.6.3.2. Rest of Middle East and Africa

7. Company Profiles
7.1. Buccellati Holding Italia
7.1.1. Business Description
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Bulgaria S.p.A
7.3. Chopard
7.4. Chow Tai Fook Enterprises Ltd.
7.5. Compagnie Financiere Richemont SA
7.6. Graff Diamonds
7.7. Harry Winston
7.8. K Mikimoto & Co. Ltd.
7.9. LVMH
7.10. Piaget
7.11. Signet Jewelers Ltd.
7.12. Societe Cartier
7.13. Tanishq
7.14. Tiffany & Co.
7.15. Van Cleef & Arpels

List of Figures

FIG 1. Gems and Jewelry (GJ) Market: Research Methodology
FIG 2. Market Size Estimation – Top Down & Bottom up Approach
FIG 3. GJ Market Segmentation
FIG 4. Global GJ Market, by Type, 2017 (US$ Bn)
FIG 5. Global GJ Market, by Distribution Channel, 2017 (US$ Bn)
FIG 6. Global GJ Market, by Geography, 2017 (US$ Bn)
FIG 7. Attractive Investment Proposition, by Geography, 2017
FIG 8. Competitive Analysis: Global GJ Market, by Key Players, 2017
FIG 9. Global Diamond Market, 2016 – 2026 (US$ Bn)
FIG 10. Global Ruby Market, 2016 – 2026 (US$ Bn)
FIG 11. Global Sapphire Market, 2016 – 2026 (US$ Bn)
FIG 12. Global Emerald Market, 2016 – 2026 (US$ Bn)
FIG 13. Global Pearls Market, 2016 – 2026 (US$ Bn)
FIG 14. Global Other Gems Market, 2016 – 2026 (US$ Bn)
FIG 15. Global Gold Jewelry Market, 2016 – 2026 (US$ Bn)
FIG 16. Global Silver Market, 2016 – 2026 (US$ Bn)
FIG 17. Global Platinum Jewelry Market, 2016 – 2026 (US$ Bn)
FIG 18. Global Other Jewelry Market, 2016 – 2026 (US$ Bn)
FIG 19. Global GJ Market in Online Channel, 2016 – 2026 (US$ Bn)
FIG 20. Global GJ Market in Organized Retail, 2016 – 2026 (US$ Bn)
FIG 21. Global GJ Market in Unorganized Retail, 2016 – 2026 (US$ Bn)
FIG 22. U.S. GJ Market, 2016 – 2026 (US$ Bn)
FIG 23. Canada GJ Market, 2016 – 2026 (US$ Bn)
FIG 24. Germany GJ Market, 2016 – 2026 (US$ Bn)
FIG 25. U.K. GJ Market, 2016 – 2026 (US$ Bn)
FIG 26. France GJ Market, 2016 – 2026 (US$ Bn)
FIG 27. Italy GJ Market, 2016 – 2026 (US$ Bn)
FIG 28. Spain GJ Market, 2016 – 2026 (US$ Bn)
FIG 29. Rest of Europe GJ Market, 2016 – 2026 (US$ Bn)
FIG 30. China GJ Market, 2016 – 2026 (US$ Bn)
FIG 31. Japan GJ Market, 2016 – 2026 (US$ Bn)
FIG 32. India GJ Market, 2016 – 2026 (US$ Bn)
FIG 33. Singapore GJ Market, 2016 – 2026 (US$ Bn)
FIG 34. Thailand GJ Market, 2016 – 2026 (US$ Bn)
FIG 35. Rest of Asia Pacific GJ Market, 2016 – 2026 (US$ Bn)
FIG 36. Brazil GJ Market, 2016 – 2026 (US$ Bn)
FIG 37. Mexico GJ Market, 2016 – 2026 (US$ Bn)
FIG 38. Rest of Latin America GJ Market, 2016 – 2026 (US$ Bn)
FIG 39. GCC GJ Market, 2016 – 2026 (US$ Bn)
FIG 40. Rest of Middle East and Africa GJ Market, 2016 – 2026 (US$ Bn)

List of Tables

TABLE 1 Global Gems and Jewelry (GJ) Market Portraiture
TABLE 2 Global GJ Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 3 Global Gems Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 4 Global Jewelry Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 5 Global GJ Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 6 Global GJ Market, by Online Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 7 Global GJ Market, by Geography, 2016 – 2026 (US$ Bn)
TABLE 8 North America GJ Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 9 North America Gems Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 10 North America Jewelry Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 11 North America GJ Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 12 North America GJ Market, by Online Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 13 North America GJ Market, by Country, 2016 – 2026 (US$ Bn)
TABLE 14 Europe GJ Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 15 Europe Gems Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 16 Europe Jewelry Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 17 Europe GJ Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 18 Europe GJ Market, by Online Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 19 Europe GJ Market, by Country/Region, 2016 – 2026 (US$ Bn)
TABLE 20 Asia Pacific GJ Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 21 Asia Pacific Gems Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 22 Asia Pacific Jewelry Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 23 Asia Pacific GJ Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 24 Asia Pacific GJ Market, by Online Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 25 Asia Pacific GJ Market, by Country/Region, 2016 – 2026 (US$ Bn)
TABLE 26 Latin America GJ Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 27 Latin America Gems Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 28 Latin America Jewelry Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 29 Latin America GJ Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 30 Latin America GJ Market, by Online Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 31 Latin America GJ Market, by Country/Region, 2016 – 2026 (US$ Bn)
TABLE 32 Middle East & Africa GJ Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 33 Middle East & Africa Gems Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 34 Middle East & Africa Jewelry Market, by Type, 2016 – 2026 (US$ Bn)
TABLE 35 Middle East and Africa GJ Market, by Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 36 Middle East & Africa GJ Market, by Online Distribution Channel, 2016 – 2026 (US$ Bn)
TABLE 37 Middle East and Africa GJ Market, by Region, 2016 – 2026 (US$ Bn)
TABLE 38 Buccellati Holding Italia: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 39 Bulgaria S.p.A: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 40 Chopard: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 41 Chow Tai Fook Enterprises Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 42 Compagnie Financiere Richemont SA: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 43 Graff Diamonds: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 44 Harry Winston: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 45 K Mikimoto & Co. Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 46 LVMH: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 47 Piaget: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 48 Signet Jewelers Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 49 Societe Cartier: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 50 Tanishq: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 51 Tiffany & Co.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 52 Van Cleef & Arpels: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)