Category: Jewelry
Jewelry market research reports by Euromonitor International
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Personal Accessories in Poland
Personal Accessories in Poland In 2023, inflation had a significant impact on personal accessories in Poland. The cost of living and average unit prices of essential items increased, leading Polish consumers to gravitate towards more affordable and durable products, especially in the watches and jew ... Read More
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Personal Accessories in Spain
Personal Accessories in Spain 2023 saw a return to relative normality in Spain with the World Health Organisation declaring the health crisis to be over. All COVID-19 related restrictions had been lifted by July 2023 which helped to boost consumer confidence and resulted in Spaniards getting back to ... Read More
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Jewellery in Poland
Jewellery in Poland The affordability of lab-grown diamonds is a significant factor in their growing popularity in Poland. With prices up to 85% lower than natural diamonds of identical carat weight and grade, lab-grown diamonds present a cost-effective alternative for price-conscious local consumer ... Read More
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Jewellery in Canada
Jewellery in Canada Jewellery saw healthy growth in 2023, fuelled by growth in costume and fine jewellery, as consumers continued to transition to post-pandemic norms following the rollback of COVID-19 restrictions. International and domestic brands continued to expand to meet consumer demand. For e ... Read More
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Personal Accessories in Canada
Personal Accessories in Canada In 2023, personal accessories saw robust current value growth, building on the strong recovery observed in 2022 as COVID-19 safety restrictions were lifted. In particular, the first half of 2023 saw local consumers update and enhance their personal accessories post-pan ... Read More
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Personal Accessories in Turkey
Personal Accessories in Turkey The Turkish economy has grappled with prolonged economic instability and high inflation, resulting in restrained volume sales. Lengthy recovery post two significant earthquakes, impacting a fifth of the population, and the country's unstable economic conditions contrib ... Read More
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Personal Accessories in the Philippines
Personal Accessories in the Philippines Higher consumer spending due to urbanisation, more online and offline retail opportunities due to high economic activity, and a growing interest in personal style and expression as a response to long periods of COVID-19 lockdowns are set to drive growth in per ... Read More
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Jewellery in the Philippines
Jewellery in the Philippines The combination of ethical, environmental, and quality considerations, coupled with effective marketing strategies, is contributing to the rising popularity of brands offering lab-grown diamonds in the Philippines. Lab-grown diamonds are often perceived as more ethical a ... Read More
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Jewellery in Argentina
Jewellery in Argentina The return to relatively normal lifestyles, similar to those seen before the Coronavirus (COVID-19) pandemic, helped to stimulate a recovery in the demand for jewellery in 2021 and 2022, following the 2020 slump. With people returning to the office and business meetings, as we ... Read More
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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 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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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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