The global demi-fine jewellery market is projected to develop at a compound annual growth rate (CAGR) of 3% from 2023 to 2033, with a valuation of US$ 2,541.40 million worldwide in 2023. Due to its affordability and use of premium materials, demi-fine jewellery makes a great present choice for customers of all ages and for a range of occasions. It therefore increases the market for demi-fine jewels.
The burgeoning e-commerce industry increased product online presence, and excessive use of social media and apps have created lucrative growth opportunities for the market to expand its customer base. Therefore, Over the forecast period, a huge variety of jewel pieces such as pendants, various earrings, bracelets, rings, and others will drive a huge number of customers to wear unique styles and desires. (2023-2033).
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In 2016, Net-a-Porter was one of the first just several websites to launch a luxury costume jewellery line, and since then, the percentage of demi-fine jewellery fashion brands has increased by 250.5%. Big manufacturers of the demi-fine jewellery market create a wide range of demi-fine jewellery aimed specifically at female customers. Furthermore, the product’s popularity among women helps to increase its adoption in this industry.
Factors such as increasing prevalence of vascular diseases, technological advancements in embolization products and procedures, increasing research and development activities, and growing demand for minimally invasive procedures are driving the market growth. Europe is expected to have the fastest Growth rate of 3.5% during the forecast period. This is due to the rise in the supply of affordable and elegant jewellery. In 2022, Asia Pacific had the biggest market share of more than 45.3%. The sheer volume of key players in the region, such as Tanishq, Queelin, and others, has made significant contributions to catapult consumption.
Key Takeaways from Market Study
- The offline segment held the highest market share of 86% in 2021 and is anticipated to dominate the market in the coming years.
- The segment below USD 150 is estimated to rise at the highest CAGR of 5.3% over the forthcoming years.
- In 2022, Asia Pacific had the biggest market share of more than 45.3%. The sheer volume of key players in the region.
- Europe is expected to have the fastest growth rate of 3.5% during the forecast period.
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“During the forecast period, a wide range of jewel pieces such as pendants, various earrings, bracelets, rings, and others will inspire a large number of customers to wear demi-fine jewellery in unique styles and desires,” says an analyst at Future Market Insights.
Key Market Players
Top players in the demi-fine jewellery industry are Missoma Limited, Edge of Ember, Catbird, Astley Clarke Limited, WWAKE, Inc., Loren Stewart, Monica Vinader Ltd., Natasha Schweitzer, Sarah & Sebastian Pty Ltd. The key companies in the demi-fine Jewellery market are expanding internationally to meet demand, and implementing designs through ongoing development is likely to accelerate the Demi-fine Jewellery market forecasts revenue growth.
- Otiumberg Ltd. and Hunza G Ltd. collaborated in June 2022 to develop the finest gold hoops. The collection combines Hunza G’s signature crinkle with Otiumberg’s iconic hoop design to produce something unique. The collection combines Hunza G’s signature crinkle with Otiumberg’s iconic hoop design to form something unique.
- Missoma Ltd. launched a new demi-fine jewellery line employing recycled gold and conflict-free diamonds in February 2021. The latest collection includes a variety of products with the brand’s distinct style that has been crafted from higher-quality materials for a more luxurious completion.
Key Segments Profiled in the Demi-Fine Jewellery Market Industry Survey
Demi-fine Jewellery Market by Price Range:
- Below 150 USD
- 151-300 USD
- 301-500 USD
Demi-fine Jewellery Market by Distribution Channel:
- Online
- Offline
Demi-fine Jewellery Market by Application:
- Women
- Men
Demi-fine Jewellery Market by Region:
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Latin America
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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