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Market Overview of Global Diamond Jewelry market:
According to our latest research, the global Diamond Jewelry market looks promising in the next 5 years. As of 2022, the global Diamond Jewelry market was estimated at USD 98642.1 million, and it's anticipated to reach USD 121464.09 million in 2028, with a CAGR of 3.53% during the forecast years.
Diamond jewelry is an ornament item with diamond on it, which is used for personal decoration. A diamond is one of the most precious gemstones. Mankind has used the diamond as a decorative item for different jewelry and ornaments for a long time.
Strength
Demand from women represents more than 90 percent of all diamond jewelry sales around the world, and women now have much more spending power than they did in previous generations and there is a much higher degree of self-purchase than before which is important for the diamond.
Success at work, memories of a happy holiday and other worth commemorating milestones will become increasingly powerful reasons to buy diamond jewelry.
Desire for diamonds among Chinese women has remained consistently strong.
As a symbol of love and romance, diamond is an essential part of weddings.
The traditional habit of wearing jadeite, gold and silver jewelry of Chinese people has been changed into wearing diamond jewelry.
Weakness
Diamond jewelry is no longer the first choice for luxury consumers, especially the younger generation of consumers are more inclined to travel abroad than to invest in diamonds.
When a thing is scarce, it is precious, therefore further developments of the lab-grown diamonds field will lead to a decline in the value of diamonds.
Region Overview:
North America had the highest growth rate of all regions.
Company Overview:
Tiffany & Co. is one of the major players operating in the Diamond Jewelry market, holding a share of 2.88% in 2018.
Tiffany sells jewelry, sterling silver, china, crystal, stationery, fragrances, water bottles, watches, personal accessories, as well as some leather goods. Many of these goods are sold at Tiffany stores, as well as through direct-mail and corporate merchandising. Tiffany is renowned for its luxury goods and is particularly known for its diamond and sterling silver jewelry. Tiffany markets itself as an arbiter of taste and style.
Founded in 1929, the Group's iconic brand "Chow Tai Fook" has been widely recognized for its trustworthiness and authenticity, and is renowned for its product design, quality and value. The success of the Group and its iconic brand is rooted in innovation, craftsmanship and heritage. The Group also holds other jewellery brands including CHOW TAI FOOK T MARK, Hearts On Fire, MONOLOGUE and SOINLOVE, which are the first examples of a long term multi-brand strategy rollout.
Segmentation Overview:
Among different product types, Rings segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Wedding segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Diamond Jewelry market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Diamond Jewelry Market Report:
Market Size Estimates: Diamond Jewelry market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Diamond Jewelry market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Diamond Jewelry market
Segment Market Analysis: Diamond Jewelry market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Diamond Jewelry market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Diamond Jewelry Market: Revenue and sales volume of major countries in each region
Diamond Jewelry Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Diamond Jewelry market in major regions.
Diamond Jewelry Industry Value Chain: Diamond Jewelry market raw materials & suppliers, manufacturing process, distributors, downstream customers
Diamond Jewelry Industry News, Policies & Regulations
Key players in the global Diamond Jewelry market are covered in Chapter 12:
Compagnie Financière Richemont SA
Chow Tai Seng Jewellery Co., Ltd.
LVMH Moet Hennessy Louis Vuitton S.E.
Malabar Gold Pvt Ltd.
Kering S.A.
Lao Feng Xiang Co., Ltd.
Graff Diamonds Corporation
Chow Sang Sang Holdings International Limited
Zoccai Jewelry
The Swatch Group Ltd.
Tiffany & Co.
Stuller, Inc.
De Beer S.A.
Luk Fook Holdings (International) Limited
Chanel International B.V.
Chow Tai Fook Enterprises Ltd.
Buccellati Jewelry
In Chapter 2 and Chapter 15.1, based on types, the Diamond Jewelry market from 2018 to 2028 is primarily split into:
Earrings
Rings
Necklaces
Others
In Chapter 3 and Chapter 15.2, based on applications, the Diamond Jewelry market from 2018 to 2028 covers:
Wedding
Festival
Fashion
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Diamond Jewelry market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028