Category: Jewelry
Asia Jewelry
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Jewellery in Taiwan
... its ability to retain value, offer liquidity, and incorporate innovative technologies, such as well-known intellectual property (IP) licensing. Sales of gold jewellery have risen by over 15%, influenced by inflation, risk aversion, and the continued ... Read More
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Jewellery in Turkey
... jewellery registered a weaker performance compared to women’s due to higher levels of price-sensitivity amongst men. The propensity to go shopping amongst men has been hit hard by the weak macroeconomic conditions and political uncertainty. ... Read More
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Personal Accessories in Taiwan
... travel-related products such as luggage and bags, consumers were spending a larger portion of their disposable income on leisure activities outside the home. This shift had a noticeable impact on certain sectors, particularly challenging young ... Read More
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Personal Accessories in Turkey
... consumers were increasingly drawn to more affordable personal accessories, whilst the affluent population and those less affected by the economic downturn continued to opt for luxury brands. In Turkey, sales of bags, watches and jewellery ... Read More
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Personal Accessories in the Philippines
... urbanisation, with major shopping destinations such as Opus Mall, which made its debut early in the year, driving retail expansion. Additionally, the number of consumers shopping online, particularly in provincial areas, has been expanding, driven ... Read More
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Personal Accessories in Thailand
... to the overall market. However, the personal accessories industry as a whole achieved only single-digit growth. This restrained performance was shaped by a combination of factors, including domestic demand, the resurgence of international tourism and ... Read More
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Jewellery in the Philippines
... result in habitat destruction, water contamination, and elevated carbon emissions, which can harm ecosystems and local communities. As a result, lab-grown diamonds are gaining popularity as a more ethical and environmentally friendly alternative, with lower ... Read More
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Bags and Luggage in Thailand
... remains supported by the younger generation’s enthusiasm for all things Korean. This influence has been particularly visible at Siam Discovery, where 15 new Korean-fashion brands, including K-Fashion 82 and the Carlyn pop-up boutique, were introduced. ... Read More
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Jewellery in Thailand
... coupled with high inflation and constrained disposable incomes, significantly impacted consumer behaviour, undermining demand for gold. As a result, fewer consumers opted to wear gold jewellery for aesthetic or status purposes. While the investment potential ... Read More
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Jewellery in Malaysia
... Local consumers have demonstrated a strong appetite for gold jewellery, viewing it not only as a luxury item but also as a sound investment. Various jewellery brands in Malaysia have been leveraging the trend, including ... Read More
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Personal Accessories in Singapore
... implemented Goods and Services Tax (GST) hike, from 8% to 9%. Despite the additional tax burden, which contributed to the rising cost of living, consumer confidence has been gradually rebounding, encouraging continued investment in personal ... Read More
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Jewellery in Singapore
... hedge against inflation, with many consumers purchasing gold to protect their wealth amid rising living costs and recent tax increases. According to the World Gold Council, Singapore is emerging as a leading hub for gold ... Read More
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Personal Accessories in Malaysia
... stretch their budgets, leading to fluctuations in spending patterns. More consumers are becoming price-sensitive, favouring promotions and discounts offered by brands. Mass brands such as Vincci, Fossil, Casio, and Seiko have responded to this shift ... Read More
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Personal Accessories in South Korea
... price rises and the strength of luxury sales. While the economic downturn initially seemed to reduce luxury sales at department stores, recent trends show a rebound, particularly for watches and jewellery. Although luxury bags is ... Read More
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Jewellery in South Korea
... jewellery. To compete with Chinese e-commerce platforms such as Alibaba and Temu, local platforms are avoiding the low-cost market and focusing on premium lines, with this particularly impacting jewellery. With department stores saturated, and independently ... Read More
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Jewellery in Indonesia
... demand, particularly from Asia. Indonesian jewellery is highly sought after for its unique blend of traditional craftsmanship and modern designs and has gained more global recognition in recent years, with local products capturing internat... Euromonitor ... Read More
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Personal Accessories in Indonesia
... incomes to pay for daily needs, millennials, many of whom still lived with their parents, are more likely to have the financial resources to splurge on lifestyle purchases. With this in mind, new product developments ... Read More
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Personal Accessories in Hong Kong, China
... sales of personal accessories as a whole are declining. The waning appeal of Hong Kong to international tourists, previously known as a “shopping heaven”, along with the reduction in domestic interest, is among the most ... Read More
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Jewellery in Hong Kong, China
... trend is especially evident in fine jewellery with a double-digit decline, due to the reduction in tourist spending in Hong Kong. Historically, international tourists represented a significant proportion of consumers for jewellery in Hong Kong. ... Read More
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Jewellery in Japan
... the country have transformed into platforms for introducing new jewellery brands, leveraging their prime locations and recognition to create a showroom-like atmosphere to attract consumers. This trend is exemplified by the Jewellery Brand Startup Support ... Read More
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Personal Accessories in Japan
... in luggage, there has been a noticeable increase in additional purchases made by inbound tourists during their stay, reflecting a revival in travel. Similarly, sales of luxury traditional watches are heavily supported by inbound tourists, ... Read More
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Jewellery in China
... terms, the decline in costume jewellery is set to surpass that of fine jewellery, largely due to the substantial increase in the unit price of gold jewellery, which dominates fine jewellery. In addition, gold’s value ... Read More
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Luxury Goods in Indonesia
... High Net Worth Individuals (UHNWIs) in the country is rising while there was also an increase in international tourism in 2024 all of which boosted sales of luxury goods. Personal luxury has benefited from digital ... Read More
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Luxury Goods in China
... to live in the moment and enjoy life, as well as rising interest in purchasing luxury goods as investment pieces - ownership of material things is increasingly linked to investment as consumers continue to shift ... Read More
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Luxury Goods in Singapore
... in luxury experiences and premium products, especially limited edition and exclusive goods. This positive growth was bolstered further by international leisure tourism, in addition to business travellers. In-store focused on expanding luxury services to offer ... Read More
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