Luxury Fine Jewellery Market to Surpass US$ 85.8 Billion by 2032 ... - GlobeNewswire

January 10, 2023 03:50 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd. Valley Cottage, New York, UNITED STATES NEWARK, Del, Jan. 10, 2023 (GLOBE NEWSWIRE) -- According to Future Market Insights, the global luxury fine jewellery market size is projected to expand at a CAGR of 6.5% over the forecast period (2022-2032), reaching a valuation of US$ 85,887.5 Mn by the end of 2032.
Growth in the market is driven by changing consumer behavior and fashion trends, growing demand for used jewellery, and the trend of jewellery businesses prioritizing social media and celebrity collaborations. During the shutdown, sales of used jewellery increased, especially in the fine vintage market, reflecting consumers' desire for ethical purchasing as well as potential savings. A preoccupation with vintage jewellery and archival culture is on the increase in 2022, due to the advent of e-commerce, resistance to incessant new-season products, and a yearning for more meaningful luxury. Get a Sample Copy of Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-16388 Fashion lovers are working hard to get rare collectibles, fine couture, and statement jewellery that can be customized and made even more distinctive as investment purchases. An increase in auction concepts is being fueled by the allure of vintage goods and archive-based materials and experiences. These concepts are intrinsically linked to the thrill of telling a story through objects and scrambling to find a treasure, something that is missing from the accessibility of objects in today's world. Never before has social media been more crucial to all brands, across all industries. One of the best methods for boosting brand recognition and reaching new audiences is to design campaigns with a social media focus. Companies are employing many tactics to expand their customer base and transform the jewellery industry. For instance, in 2015, Missoma, a demi-fine jewellery company aimed at women in their 20s and 30s, switched from being mostly a wholesale brand to being 95% online. According to the brand's founder Marisa Hordern, this helped the company identify and understand its target market. The company used a strong influencer approach, giving gifts to women who were properly vetted and matched the brand's look and ideals. Additionally, they were among the first brands to go a step further and create a unique collection in collaboration with an influencer. Key Takeaways from the Luxury Fine Jewellery Market Study “Key luxury fine jewellery companies are branding through social media platforms and celebrity endorsements to expand their global reach. Besides this, they are offering customized products to increase their customer base”, says an FMI analyst. For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-16388 Who is Winning? Leading manufacturers of luxury fine jewellery are focused on new product launches, aggressive promotional strategies, and advertisements to gain a competitive edge in the global market Leading players operating in the global luxury fine jewellery market are Richemont, Guccio Gucci S.p.A., The Swatch Group Ltd., Pandora Jewelry, LLC, GRAFF, Louis Vuitton SE, Signet Jewelers Limited, Chopard International SA, MIKIMOTO, Tiffany & Co., and Chopard International SA among others. Get More Valuable Insights Future Market Insights, in its new offering, provides an unbiased analysis of the global luxury fine jewellery market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the luxury fine jewellery market based on raw material (gold, platinum, diamond, precious pearls, gemstones, others) product type (necklaces, ring, earrings, bracelets, pendants, anklets, broches, others), consumer orientation (men, women, children), and sales channel (individual jewellery stores, specialist stores, online retailers, other sales channel), across seven major regions. Global Luxury Fine Jewellery Industry by Category By Raw Material: By Product Type: By Consumer Orientation: By Sales Channel: By Region: Click on the Below Link to Buy this Report@ https://www.futuremarketinsights.com/checkout/16388 Table of Content 1. Executive Summary     1.1. Global Market Outlook     1.2. Summary of Key Findings     1.3. Summary of Key statistics     1.4. FMI Analysis and Recommendations 2. Market Overview     2.1. Market Taxonomy     2.2. Market Definition 3. Key Market Trends     3.1. Key Trends Impacting the Market         3.1.1. Sustainability is Gaining Dominance in Innovation         3.1.2. Incorporation of Green Marketing Strategy         3.1.3. Rise in Mergers and Acquisitions Activity         3.1.4. Growing Demand for Premium Brands         3.1.5. Partnerships Among Key Players         3.1.6. Others Complete TOC with Report Preview: https://www.futuremarketinsights.com/reports/luxury-fine-jewellery-market About Consumer Product Division at Future Market Insights
The consumer product team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the consumer product industry, the team is happy to help with every business intelligence research and consulting requirement. Have a Look at Related Research Reports of Consumer Product Online Grocery Market Outlook: In the forecasted period, Future Market Insights (FMI) predicts an impressive 23% CAGR for the global online grocery market Incontinence Skincare Products Market Forecast: the Incontinence Skincare market is estimated at USD 2.80 billion in 2022 and is projected to reach USD 4.0 billion by 2030, at an approximate CAGR of 5.36% from 2022 to 2030 Horse Riding Equipment Market Share: Global horse riding equipment market to register a CAGR of 4% during the forecast period of 2020 and 2030 Outdoor TV Market Size: Future Market Insights (FMI) forecasts the global outdoor TV market to surpass US$ 500 Mn in the next five years Mineral Sunscreen Market Trends: Global mineral sunscreen market to register a CAGR of over 5% between 2020 and 2030 About Future Market Insights, Inc. Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries. Contact Us:
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