Category: Jewelry
Jewelry market research reports by Euromonitor International
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Jewellery in Sweden
Jewellery in Sweden Retail sales of jewellery continued to expand in current value terms in 2023, although the rate of growth was slower than the previous year. Following the resurgence of family events, such as weddings, in 2022, following enforced delays due to the pandemic, consumers were once ag ... Read More
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Personal Accessories in Taiwan
Personal Accessories in Taiwan In 2023, Taiwan's personal accessories industry experienced strong current retail value growth, driven by notable trends. The demand for bags and luggage rose, with consumers seeking high-quality, fashionable options, with many showing a preference for environmentally ... Read More
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Jewellery in Taiwan
Jewellery in Taiwan In 2023, minimalist jewellery designs were highly sought after in Taiwan. Delicate and understated pieces featuring clean lines, geometric shapes, and subtle adornments became a staple in the fashion scene. This trend reflects a shift towards simplicity, versatility, and timeless ... Read More
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Personal Accessories in Argentina
Personal Accessories in Argentina Argentina experienced a highly complex economic situation characterised by rising inflation in 2023. Consumers were forced to make choices regarding which industries and categories they allocated available funds to, resulting in a decline in the demand for less esse ... Read More
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Jewellery in Turkey
Jewellery in Turkey Weddings in Turkey gained momentum post-pandemic in 2021 and 2022. However, a slowdown in 2023 is evident, resulting in lower growth rates in jewellery sales compared to the years 2021 and 2022. Notably, millennials and Gen Z prefer to allocate their funds more towards experience ... Read More
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Personal Accessories in Sweden
Personal Accessories in Sweden Sales of personal accessories in Sweden continued to expand in current value terms in 2023, although the rate of growth was more modest compared to the previous year. Performance was boosted by a return to pre-pandemic lifestyles, including increased levels of internat ... Read More
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Personal Accessories in Singapore
Personal Accessories in Singapore Overall retail volume sales of personal accessories are expected to register a small decline in 2023, as the industry has navigated a slowing sales momentum post-pandemic, while managing the challenge of rising prices as a result of inflationary pressure across all ... Read More
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Jewellery in Japan
Jewellery in Japan Jewellery is set to maintain growth in retail volume and current value terms in 2023, with growth for both costume and fine jewellery, although this will slow compared with previous years. Polarisation has continued in jewellery in Japan in 2023, whereby demand is being split betw ... Read More
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Jewellery in Romania
Jewellery in Romania Amid challenging economic conditions, local consumers have shown a rising interest in investing in fine jewellery, particularly gold. Fine jewellery has also gained popularity as a high-value gift item. In addition, the lifting of pandemic restrictions on events led to a surge i ... Read More
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Personal Accessories in South Africa
Personal Accessories in South Africa During 2023, many consumers in South Africa have been experiencing tough economic conditions. As a result, they have been cutting back on their discretionary spending due to lower disposable incomes. Similarly, consumers have been prioritising the purchase of ess ... Read More
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Jewellery in South Korea
Jewellery in South Korea Ongoing high inflation and economic difficulties have been discouraging consumer spending on luxury products and discretionary items, including jewellery. Nonetheless, despite the expectation of a slight decline in retail volume terms, in current value terms jewellery is set ... Read More
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Jewellery in the United Arab Emirates
Jewellery in the United Arab Emirates In 2023, a notable development was noted within jewellery when Snapchat collaborated with Cartier to develop a virtual try-on filter in the United Arab Emirates. Within Snapchat, there exists a built-in shopping platform known as Snapchat Minis. This platform en ... Read More
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Personal Accessories in Japan
Personal Accessories in Japan In 2023, there was a symbolic pivot in how Japan faced COVID-19. It was in May that the government announced that it would reclassify COVID-19 from a Class 2 infectious disease to a Class 5 infectious disease. Class 2 meant it was a crucial disease that the government n ... Read More
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Jewellery in the US
Jewellery in the US Following incredible double-digit current value growth for jewellery in 2021, decline was witnessed in 2022, and this is expected to worsen in 2023, before returning to growth in the forecast period. Fine jewellery, the star category which led post-pandemic recovery, is now facin ... Read More
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Selling Jewellery to Gen Z: Opportunities and Challenges
Selling Jewellery to Gen Z: Opportunities and ChallengesTo boost sales, the jewellery industry must focus on Gen Z, which comprises over 23% of the population and has growing purchasing power. The industry faces the challenge of aligning with Gen Z’s values to secure their attention and spending. Te ... Read More
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Personal Accessories in Australia
Personal Accessories in Australia In the challenging economic climate of 2023, personal accessories is navigating a landscape marked by hyperinflation and economic uncertainty. The slowing of sales growth observed in the latter half of 2022 appears to be continuing in 2023, as consumers grapple with ... Read More
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Jewellery in the Netherlands
Jewellery in the Netherlands Jewellery, as a product area, is anticipated to experience positive albeit subdued growth in 2023. Economic uncertainty coupled with escalating prices has led to a more cautious approach among Dutch consumers regarding expenditure on non-essential items. However, the com ... Read More
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Jewellery in Thailand
Jewellery in Thailand In 2023, overall jewellery is set to register a decline in current value terms, despite low growth in retail volume terms. This is expected to result in minimal value growth across overall personal accessories, as jewellery accounted for nearly 50% of value sales of personal ac ... Read More
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Jewellery in Mexico
Jewellery in Mexico Jewellery is set to see positive performances in both retail volume and current value terms in 2023. This is largely due to post-pandemic economic recovery, the return to stability in employment, and progress in consumer spending. This is closely tied to the return of in-person a ... Read More
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Jewellery in China
Jewellery in China Following the end of the zero-COVID policy, sales of jewellery, which remained stagnant in 2022, have witnessed a resurgence in 2023, with double-digit current value growth expected in the year overall. The increasing prevalence of social activities, and the rising demand for trip ... Read More
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Personal Accessories in South Korea
Personal Accessories in South Korea Continuing high inflation and financial constraints derived from the unstable global economy have discouraged consumer spending on discretionary items, which is set to result in slower retail volume and current value growth for personal accessories in 2023 compare ... Read More
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Personal Accessories in Mexico
Personal Accessories in Mexico Personal accessories in Mexico is set to demonstrate retail volume and current value growth in 2023, primarily influenced by widespread vaccination efforts in Mexico, and the official conclusion of the state of emergency for the COVID-19 pandemic in the second quarter ... Read More
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Jewellery in Italy
Jewellery in Italy Jewellery performed well in Italy in 2023 despite a high rate of inflation and an increase in prices, especially for fine jewellery, which saw stronger growth than custom jewellery in both volume and value terms during the year. In fact, the consumption of jewellery remained resil ... Read More
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Personal Accessories in Thailand
Personal Accessories in Thailand Sales of personal accessories are expected to show continued signs of recovery in the market in 2023, despite factors hindering growth, such as local political uncertainty, higher household debt, high rates of inflation, and higher consumer expenditure on living cost ... Read More
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Jewellery in Indonesia
Jewellery in Indonesia Retail sales of jewellery saw vastly accelerated growth in both volume and constant value terms in 2023. Such products are a key contributor to the Indonesian economy, with gold jewellery, in particular, being valued as both a symbol of wealth and cultural heritage. As such, g ... Read More
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