1/23/2024 0 Comments Harry winston diamond rings![]() This led to a shortage of employees in manufacturing. The COVID-19 pandemic led to nationwide lockdown resulting in the drastic shift of migrant workers from urban to rural places. Shortage of Employees in Manufacturing Affected Market Growth However, strict regulations on importing and exporting ornament are expected to hamper the market growth. Increasing number of working populace of women and awareness about modern jewels and premium-class gems will further fuel the market growth. ![]() Additionally, different customs regarding the adoption of ornaments followed by people across the globe are expected to significantly boost the purchase of the product. The demand for increasing consumption of luxury goods such as ornaments is propelling the market growth. Increasing levels of disposable income and rising spending of consumers are anticipated to drive the jewelry market growth. Increasing Levels of Disposable Income and Spending of Consumers to Augment Market Growth Additionally, it examines the regional developments and the strategies undertaken by the market's key players. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. The report provides a detailed analysis of the top segments and the latest trends in the market. Increasing Disposable Income and Spending Power of Consumers to Favor Market Growth Increasing Adoption of Digital Media Platforms and Opening of New Stores Favor Market Growth Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends (U.S.), Chow Tai Fook Jewellery Company Limited (Hong Kong), and more players, and more. (U.S.), Chopard (Switzerland), Pandora Jewelry, LLC. Leading Players Featured in the Research Report:Ĭompanies leading the jewelry market are Tiffany & Co (U.S.), Rajesh Exports Ltd (India), Cartier International SNC (France), Signet Jewelers Limited (Bermuda), Chanel (France), LVMH Moët Hennessy (France), Harry Winston, Inc. Fortune Business Insights™ shares this information in its report titled “ Jewelry Market, 2023-2030.” With increasing levels of disposable income levels, spending of consumers has been on the rise. The growing popularity of incorporating technology in ornaments is boosting product demand. The rising trend for increased consumption of jewels is attributed to the fact that people are inclined toward luxurious products. ![]() 18, 2023 (GLOBE NEWSWIRE) - The global jewelry market size was valued at USD 216.48 billion in 2022 and is projected to grow from USD 224.38 billion in 2023 to USD 308.36 billion by 2030, exhibiting a CAGR of 4.6% during the forecast period. ![]()
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