Category: Jewelry
Jewelry market research reports by Euromonitor International
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Luxury Goods in Singapore
Luxury Goods in Singapore Retail value sales of luxury goods in Singapore increased by 11% in 2023 in current terms, to total SGD12.4 billion. Development was still widely defined by recovery and a return to more normal consumer behaviour in terms of working, shopping, travelling, and spending on lu ... Read More
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Luxury Goods in China
Luxury Goods in China Retail value sales of luxury goods in China grew by 6% in 2023 in current terms, to stand at CNY3 trillion. Growth in sales was fuelled by several factors during the post-lockdown period. One significant driver was a desire amongst affluent consumers to reward themselves after ... Read More
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Retail Shifts in Latin American Fashion
Retail Shifts in Latin American Fashion Fashion sales in Latin America have surpassed pre-pandemic levels by 2022, driven mainly by price increases due to high inflation. E-commerce grew strongly to become the second largest channel, but consumers in the region are still more inclined to buy fashion ... Read More
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Jewellery in Asia Pacific
Jewellery in Asia Pacific Following jewellery sales’ strong rebound in 2021 from the pandemic-induced steep decline seen in 2020, the re-emergence of COVID-19 in China resulted in a slowdown in the regional performance in 2022, with a return to 2019 sales levels not now expected until 2023. While je ... Read More
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Personal Accessories in Brazil
Personal Accessories in Brazil After registering a strong negative impact in 2020, due to the COVID-19 pandemic, personal accessories is set to see a positive performance in current value terms for a second consecutive year in 2022, with volume sales also expected to return to growth. Much of the va ... Read More
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Jewellery in South Africa
Jewellery in South Africa In 2022, South Africa has recorded one of the highest levels of food inflation that the country has seen for many years. This has forced many consumers to reduce expenditure on non-essential items due to the lack of disposable incomes. Furthermore, this has directly contrib ... Read More
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Personal Accessories in South Africa
Personal Accessories in South Africa Demand for personal accessories was declining in South Africa prior to the pandemic, although 2020 witnessed the strongest drop in volume sales due to store closures as part of measures to control the spread of COVID-19. During this time, only stores deemed to be ... Read More
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Personal Accessories in Taiwan
Personal Accessories in Taiwan Ongoing outbreaks of COVID-19 during Q1 and Q2, negatively impacted sales in the personal accessories landscape. However, later in Q2, the consumption of personal accessories started to recover and grow. Growth following the 2022 wave of COVID-19 came fast, as consumer ... Read More
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Luxury Goods in France
Luxury Goods in France 2022 is likely to see a mixed picture for luxury goods in France. On the one hand, the industry is set to display retail current value growth that is much higher than the rate recorded in 2019. On the other hand, this growth will not offset the huge losses sustained in 2020 – ... Read More
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Luxury Goods in Canada
Luxury Goods in Canada Luxury goods continues on the path to recovery from the impact of COVID-19 in 2022, after sales returned to growth in 2021. Omicron rates started declining in the early part of 2022, allowing governments in most provinces to roll back their COVID-19 regulations such as mask ma ... Read More
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Luxury Goods in South Korea
Luxury Goods in South Korea Despite the COVID-19 pandemic, luxury goods in South Korea continued to record current value growth in both 2020 and 2021. With spending on overseas travel put on hold due to the pandemic, consumers instead purchased luxury goods through domestic department stores and e-c ... Read More
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Luxury Goods in the Netherlands
Luxury Goods in the Netherlands Luxury goods is seeing a strong recovery in 2022 with the Netherlands lifting the last of its COVID-19 restrictions. A more positive environment has encouraged some consumers to spend more time outside including returning to shopping in luxury retail stores. The retur ... Read More
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Luxury Goods in Brazil
Luxury Goods in Brazil Involuntary saving emerged as a new reality that was imposed by enforced changes in lifestyle (restrictions on international travel, foodservice, entertainment, culture, etc.), and this favoured the consumption of luxury goods in the pandemic years. The discovery of the advant ... Read More
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Luxury Goods in Mexico
Luxury Goods in Mexico By the end of 2021 and early 2022 economic activities within Mexico had normalised, following constant government efforts to find ways to reactivate the economy and leave behind the harsh impact of the COVID-19 pandemic. By March 2022 most economic activities including concert ... Read More
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Luxury Goods in India
Luxury Goods in India After the second wave of COVID-19 hit India in the first half of 2021, the pandemic was believed to be under control due to a rise in vaccination rates. Although the country experienced a third wave in early 2022 as a result of the Omicron variant of COVID-19 emerging, its impa ... Read More
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Personal Luxury in Mexico
Personal Luxury in Mexico Personal luxury is highly seasonal in many categories, with manufacturers usually planning ahead for the introduction and manufacturing of new products for the upcoming periods. The further easing of restrictions in 2022 represents an opportunity for consumers to catch up o ... Read More
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Luxury Goods in Indonesia
Luxury Goods in Indonesia Luxury goods was one of the categories hardest hit in Indonesia by COVID-19 restrictions. The fact that sales of luxury goods are reliant on the premium retail experience became a major Achilles’ heel for the entire industry, as many people remained very reluctant to visit ... Read More
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Luxury Goods in Singapore
Luxury Goods in Singapore Luxury goods in Singapore is set to experience further significant current value growth in 2022, following notable declines in 2020, in the first year of the pandemic. This is largely attributed to the effects brought about by the encouraging vaccination and booster rates, ... Read More
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Luxury Goods in the United Kingdom
Luxury Goods in the United Kingdom Luxury goods is set to experience double-digit current value growth in 2022 as the UK has lifted its pandemic-related restrictions. The return to more normal levels of lifestyles is leading to a more positive outlook which is boosting consumer confidence to make di ... Read More
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Luxury Goods in China
Luxury Goods in China Luxury goods had a promising start in China in 2022, with leading luxury goods conglomerates continuing their robust growth in the first quarter, and encouraging results reported. However, in the second quarter it was faced with high uncertainty, given the rapid spread of the O ... Read More
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Luxury Goods in the US
Luxury Goods in the US After seeing a strong negative impact from the COVID-19 pandemic in 2020, luxury goods delivered strong growth and full recovery to the pre-pandemic (2019) level of sales in 2021, driven by the successful rollout of vaccines across the US, the removal of COVID-19-related face ... Read More
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Luxury Jewellery in Germany
Luxury Jewellery in Germany Luxury jewellery witnessed strong current value growth in 2021, after seeing a significant decline in 2020 due to the COVID-19 pandemic. Luxury costume jewellery, or luxury fashion jewellery as it can also be referred to, performed particularly well, with demand for such ... Read More
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Luxury Goods in Germany
Luxury Goods in Germany Luxury goods rebounded strongly in Germany in 2021, seeing double-digit current value growth, following a strong decline in 2020 due to the impact of COVID-19. Despite overall value sales still not returning to the pre-pandemic level, the stronger than initially expected reco ... Read More
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Luxury Jewellery in South Africa
Luxury Jewellery in South Africa Demand for luxury jewellery continued to drop in South Africa in 2021 following double-digit declines recorded by the category the previous year due to the pandemic. Ongoing non-essential store closures during hard lockdowns and consumers’ unwillingness to visit stor ... Read More
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Luxury Jewellery in Japan
Luxury Jewellery in Japan In 2020, luxury jewellery suffered a steep contraction in retail value sales due to the significant impact of store closures during the state of emergency in April and May. Long-term border closures also led to plummeting sales as the performance of luxury jewellery is heav ... Read More
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