From 2020 to 2025, the gem and jewelry market will grow at a compound annual growth rate of 5.41%: by distribution channel (offline and online) and geographic distribution (Asia Pacific, North America, Europe, MEA and South America) | growth, Trends and forecasts – QNT Press Release

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New York, December 23, 2021 /PRNewswire/ – The market value of gems and jewelry will grow $85.02 billionAccording to Technavio’s latest report, the compound annual growth rate from 2020 to 2025 is 5.41%.

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Gem and Jewelry Market 2021-2025: Segmentation

  • Distribution channels
    • Offline
    • online
  • geography
    • Asia-Pacific
    • North America
    • Europe
    • mine
    • South America

During the forecast period, the market share of gems and jewelry in offline market segments will increase significantly. Revenue from offline distribution channels comes from selling products through specialty stores (including specialty stores, multi-brand stores, and high-end fashion stores); hypermarkets, supermarkets, and club stores; and department stores. In order to drive sales through offline channels, players manage their sales by expanding stores in local and regional markets. The expanding network of department stores, hypermarkets and supermarkets is expected to drive the growth of offline market segments.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. CHANEL Ltd., Chow Tai Fook Jewellery Co., Ltd., Compagnie Financiere Richemont SA, Kalyan Jewellers, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, PC Jeweler Ltd., Rajesh Exports Ltd., Signet Jewelers Ltd. and The Swatch Group Ltd. are some of the major Market participants.

Innovation in design and manufacturing technology is one of the main factors that will trigger the growth of the global gem and jewelry market in the next few years. Customers’ demand for personalized jewellery is growing because it allows them to choose the design they want and further customize their jewellery by adding gems and other gems. Suppliers are using advanced technologies such as laser technology and induction technology to meet these requirements. Similarly, various designers are using innovative 3D printers that use rapid prototyping (RP) technology to review design concepts, which helps them understand the requirements and complexity of any jewelry design and manufacturing.

Learn more about other trends and driving factors that affect the future of the market, as well as the positive and negative impacts on the company. Download free samples:

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