According to IMARC Group’s latest research report, titled “Pearl Jewelry Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the pearl jewelry market. The report also includes competitor and regional analysis, and contemporary advancements in the 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.
Pearl Jewelry Market Outlook:
Pearls are unique among gemstones as they don’t arise from the depths of the earth but instead from the sea. They are created by certain species of mollusks, such as oysters and mussels. They come in numerous shapes, sizes, and colors, including white, black, pink, and yellow. Pearl jewelry has been highly valued for many centuries. It has been a symbol of elegance and sophistication throughout history and is often associated with royalty and high society. Pearl Jewelry is worn as a statement piece or as a subtle accent to any outfit. Pearl necklaces, bracelets, and earrings are famous for formal occasions such as weddings and other special events. Pearl jewelry is an elegant accessory that can add a touch of sophistication and beauty to any wardrobe.
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Pearl Jewelry Market Trends:
The global market is majorly driven by the increasing demand for luxury goods. In line with this, the growing consumer awareness about the quality of pearls is significantly contributing to the market. Furthermore, the expansion of the online marketplace and the rising popularity of pearl jewelry among millennials are positively influencing the market. Apart from this, the emerging trend of sustainable and ethical products and the escalating product demand from emerging markets are offering numerous opportunities for the market. Moreover, the increasing popularity of celebrity endorsements and the rise of personalized jewelry are catalyzing the market. Besides, the growing popularity of natural and organic products is propelling product demand worldwide. Additionally, the escalating demand for colored pearls is strengthening the market. Other factors driving the market include inflating disposable incomes of individuals, rapid use of pearls in bridal jewelry, widespread utilization of pearls in men’s jewelry, increasing demand for high-end jewelry, the rising popularity of classic and timeless designs, and the influence of fashion trends.
Key Market Segmentation:
Competitive Landscape with Key Players:
- 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)
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
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