Global Jewellery Market is estimated to be US$ 431.18 billion by 2030 with a CAGPosted by NISHA SHAHA on January 27th, 2022 Global Jewellery Market accounted for US$ 337.66 billion in 2020 and is estimated to be US$ 431.18 billion by 2030 and is anticipated to register a CAGR of 3.0%. Bridal jewellery is a new trend that is gaining traction in the market. In nations such as India, a wedding is regarded as a large event with numerous customs and functions. Increased spending on wedding functions is likely to boost market growth. Necklaces, hairpins, and bangles are among the most popular accessories among women. The capacity to customize such items is a key aspect that will likely drive market growth. Gold chains and necklaces are no longer just for weddings and formal occasions. Rings, plain gold chains, and anklets are used by both men and women as fashion statements. Earrings and bracelets are also given as gifts for a variety of occasions, such as birthdays and anniversaries. This pattern of consumption is projected to have a beneficial impact on market growth. The report \" Global Jewellery Market, By Type (Gold, Diamond, Platinum, and Gems), By Application (Online, and Offline), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029’’Key Highlights:
Analyst View: People\'s changing lifestyles and increased disposable budgets, combined with strong branding and advertising by prominent firms, are the primary factors driving market expansion. The rising demand for high-end and opulent goods is driving up the price of gold and diamond jewellery. These jewels are used to enhance a person\'s attractiveness and general appeal and are regarded as a status symbol. However, supply chain interruptions and a spike in raw material prices could stifle industry expansion. However, increased design advancements and celebrity endorsements can compensate for this. Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Jewellery Market By Type (Gold, Diamond, Platinum, and Gems), By Application (Online, and Offline), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029”To know the upcoming trends and insights prevalent in this market, click the link below: https://www.prophecymarketinsights.com/market_insight/Global-Jewellery-Market-By-Type-3437 Key Market Insights from the report: Global Jewellery Market accounted for US$ 337.66 billion in 2020 and is estimated to be US$ 431.18 billion by 2030 and is anticipated to register a CAGR of 3.0%. The global jewellery market report segments the market on the basis of type, application, and region.
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