![]() Necklace Segment Held a 22.70% Market Share Inquire Before Buying This Research Report: For instance, the products such as Luxe Smart Ring by The Ringly are equipped with several technological features such as health and fitness monitoring and GPS, along with being equipped with large gemstones. In addition to this, the adoption of technology in the manufacturing of the ornaments is anticipated to bode well for the global jewelry market growth during the forecast period. The growing influence through reality shows, music videos, and movies enable digital media platforms to play a pivotal role in propelling the sales of luxurious jewelry products globally. The emergence of Digital Media Platforms to Promote Growth The competitive landscape offers further detailed insights into the strategies such as product launches, partnership, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 20. Moreover, the report includes information sourced from the advice of expert professionals from the industry by our research analyst using several research methodologies for the market. Furthermore, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. The market report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the high demand for bridal ornaments, and the different festivities and traditions followed by people globally boosts the consumption of exotic gemstones and other products. They have been a symbol of luxury since centuries and adorn by people for beautification and enhancing their overall appearance. Jewelry products mainly consist of gold, silver, diamonds, and other exotic gemstones. Signet Jewelers Limited (Hamilton, Bermuda).Cartier International SNC (Paris, France).Rajesh Exports Ltd (Bengaluru, Karnataka, India).Chow Tai Fook Jewellery Company Limited (Central & Western, Hong Kong). ![]() ![]() List of the Leading Companies Profiled in the Global Jewelry Market are: However, collective efforts by the manufacturers and government to ensure a safe working environment by taking measures to contain the widespread effect of COVID-19 is expected to drive the market in the near future. Owing to the reduced number of jobs, the workforce has opted to return to their native places that has severely affected the market growth. This has led to a partial lockdown of industrial operation and has left several laborers unemployed. The global pandemic has led to a lockdown announced by government agencies across the globe. Reduce Number of Labor Workforce amid COVID-19 to Hinder Growth The report further mentions that the market stood at USD 330.0 billion in 2019 and is projected to gain momentum in the forthcoming years. This is attributable to the increasing adoption of technology and the remarkable emergence of digital media platforms that propel the demand for luxury jewelry globally. 18, 2022 (GLOBE NEWSWIRE) - According to Fortune Business Insights, the global jewelry industry is expected to showcase considerable growth by reaching USD 266.53 billion while exhibiting a CAGR of 3.7% between 20.
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