Global Luxury Jewelry Market 2021-2023

Market Highlights
Luxury jewelry is a style statement among the consumers, which leads to increasing demand for different styles and designs in the luxury jewelry market. Implementation of new technologies such as Computer Aided System (CAD) in the jewelry creation is expected to boost the growth of the luxury jewelry market. CAD technology helps manufacturers to create new and unique jewelry designs, which in comparison to manual designs is challenging. Hence, shifting trend of consumers towards new and fusion designs is expected to boost the luxury jewelry market.

Access Complete Report @ https://www.marketresearchfuture.com/reports/luxury-jewelry-market-6992

Key Players
Some of the key players in the global luxury jewelry market are Guccio Gucci S.p.A. (Italy), Harry Winston, Inc. (US), Société Cartier (France), Tiffany & Co. (US), Compagnie Financière Richemont SA (Switzerland), Buccellati Holding Italia SpA (Italy), Graff Diamonds Corporation (UK), Bulgari S.p.A.(Italy), K. Mikimoto & Co., Ltd. (Japan), Chopard International SA (Switzerland).
Regional Analysis
On the basis of region, the global luxury jewelry market has been segmented by North America, Europe, Asia-Pacific, and RoW. Asia Pacific is expected to dominate the global luxury jewelry market owing to increasing awareness about branded jewelry. Additionally, increasing influence of promotional campaigns through social media has led to high adoption of modern fashion trends in consumers.
Segmentation
The global luxury jewelry market has been segregated, by distribution channel, into store-based and non-store based. The store-based segment has been further segregated into multi-brand store, specialty stores, and others. The store-based segment is expected to generate higher revenue, with the multi-brand store sub-segment being the largest due to the strong and widespread network of stores. The non-store-based segment is expected to register the higher CAGR during the assessment period owing to technological advancements in the e-commerce industry and growing consumer preference for online retailing.

NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.