Global Gems & Jewelry Market to See Growth at 4.73% CAGR to 2022, Forecasts Azoth Analytics in Its New Report Available at MarketPublishers.com
05 Jan 2018 • by Natalie Aster
LONDON – Globally, the gems and jewelry market is poised for healthy growth at a 4.73% CAGR from 2017 till 2022. Sustainable growth in this market will likely be spurred by supportive legislations regarding the authenticity of the jewelry, aggressive marketing campaigns and promotional strategies adopted by the top jewelry companies along with rising number of working women resulting in dual household budgets and increasing spendable income.
In 2016, the APAC region held the biggest share of the world’s gems and jewelry market. In the year ahead, high growth is expected in such countries as Saudi Arabia, the UAE, Brazil and South Africa, amidst others, majorly due to sizeable HNW population number, favourable legislative measures and the presence of big jewelry companies in these countries.
Some of the most prominent anticipated trends in the world’s gems and jewelry market comprise uptake in the synthetic diamonds sector, introduction of modern jewelry products crafted by infusion of body tracking techniques and digital analytics with traditional jewelry, adoption of nano-technologies in gems and jewelry production, etc.
The new in-demand report “Global Gems and Jewelry Market Analysis By Product Type, Sales Channel, By Region, By Country: Opportunities and Forecast (2017-2022)” prepared by Azoth Analytics gives access to an in-depth study of the world’s market for gems and jewelry, covers the historical background and the current state of the market, explores the market scenario across different geographies and also evaluates the future growth potential. Moreover, this topical report pinpoints and discusses the major growth infecting forces, outlines future growth opportunities and challenges, reviews the major market segments and evaluates their shares, uncovers anticipated growth rates and canvasses the prevailing development trends. Also, this report gives a look at the key market-entry strategies and barriers, examines the competitive environment, discloses data on the leading companies, etc. Additionally, a future outlook through 2022 is available in the publication.
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