According to IMARC Group’s latest research report, titled “Pearl Jewelry Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” presents a comprehensive analysis of the industry, covering pearl jewelry market trends, statistics size, share, demand, and growth prospects. The report also provides competitor and regional analysis and showcases the contemporary advancements in the global market.
How big is the Pearl Jewelry Market?
The global pearl jewelry market size reached US$ 10.49 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.37 Billion by 2028, exhibiting a growth rate (CAGR) of 12.9% during 2023-2028.
What is Pearl Jewelry?
Pearl refers to a natural gemstone created inside living shelled mollusks, such as oysters and mussels. It is white in color, owing to the calcium carbonate deposition. Pearl is used to produce jewelry, including necklaces, earrings, rings, bracelets, and pendants worn for personal adornment. It is made by refining, shaping, and crafting small or big-size pearls fixed in several patterns and designs. It aids in adding a touch of sophistication and refinement to any outfit. In addition to this, a pearl is associated with healing properties and maintaining the emotional balance of an individual. As a result, this gemstone serves as a popular choice for carving jewelry products worn generally as a signifier of ethnic and religious beliefs, a marker of social status, a symbol of personal meaning, or simply an artistic display.
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What are the Growth Prospects and Trends in the Pearl Jewelry Market?
The evolving fashion trends and the increasing self-consciousness among the masses to improve their overall appearance are primarily driving the pearl jewelry market. Besides this, the escalating product demand as a form of gift on special occasions, such as birthdays, anniversaries, and valentine’s day, is further augmenting the growth. Moreover, the introduction of customized pearl jewelry in terms of design, color, and material that are tailored to create uniqueness and the utilization of computer-aided technology in designing to make more accurate and precise formattings are also catalyzing the global market. Apart from this, the rising product need, owing to the growing advertisements and celebrity endorsements, and the widespread usage of earrings, neckpieces, and rings among the working women population to match their outfits are acting as significant growth-inducing factors. Furthermore, the elevating requirement for saltwater gemstones, on account of the high demand for luxurious and high-quality ornaments, is expected to bolster the pearl jewelry market in the coming years.
Who are the key Players Operating in the Industry?
- American Pearl Company Inc
- Atelier Mon
- Chandrani Pearls
- Chow Tai Fook Jewellery Company Limited
- Dogeared Inc
- Majorica Pearl
- Shop TJC Limited
- Tanishq Titan Company Ltd.
- Tasaki & Co. Ltd
- The Pearl Source
- Tiffany and Co. (LVMH Moët Hennessy Louis Vuitton)
What is included in Market Segmentation?
The report has segmented the market into the following categories:
Pearl Type Insights:
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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