Jewellery in South Korea

January 2024 | 21 pages | ID: J6AB27343AEEN
Euromonitor International Ltd

Abstracts

Ongoing high inflation and economic difficulties have been discouraging consumer spending on luxury products and discretionary items, including jewellery. Nonetheless, despite the expectation of a slight decline in retail volume terms, in current value terms jewellery is set to post growth in 2023, supported by inflation and wedding demand. With the full lifting of COVID-19-related restrictions, including the mask mandate, the release of pent-up demand for weddings has led to greater demand for...

Euromonitor International's Jewelleryin South Korea report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2019-2023), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market – be they new product developments, distribution or pricing issues. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Costume Jewellery, Fine Jewellery.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Jewellery market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

Jewellery in South Korea
Euromonitor International
January 2024

LIST OF CONTENTS AND TABLES

JEWELLERY IN SOUTH KOREA
KEY DATA FINDINGS

2023 DEVELOPMENTS

Wedding demand sustains positive value sales of jewellery amidst high inflation
Van Cleef & Arpels is in the spotlight, as a jewellery brand chosen by the First Lady
Online jewellery brands expand to offline as the pandemic ends
PROSPECTS AND OPPORTUNITIES
Sales of wedding jewellery may slow due to decline in marriages, but affordable luxury jewellery targeting Millennials and Gen Z set to grow
Lab-grown diamonds expected to grow due to better affordability and sustainability
Jewellery-focused vertical platforms to rise to replicate the success of fashion vertical platforms
CATEGORY DATA
Table 1 Sales of Jewellery by Category: Volume 2018-2023
Table 2 Sales of Jewellery by Category: Value 2018-2023
Table 3 Sales of Jewellery by Category: % Volume Growth 2018-2023
Table 4 Sales of Jewellery by Category: % Value Growth 2018-2023
Table 5 Sales of Costume Jewellery by Type: % Value 2018-2023
Table 6 Sales of Fine Jewellery by Type: % Value 2018-2023
Table 7 Sales of Fine Jewellery by Collection: % Value 2018-2023
Table 8 Sales of Fine Jewellery by Metal: % Value 2018-2023
Table 9 NBO Company Shares of Jewellery: % Value 2019-2023
Table 10 LBN Brand Shares of Jewellery: % Value 2020-2023
Table 11 Distribution of Jewellery by Format: % Value 2018-2023
Table 12 Forecast Sales of Jewellery by Category: Volume 2023-2028
Table 13 Forecast Sales of Jewellery by Category: Value 2023-2028
Table 14 Forecast Sales of Jewellery by Category: % Volume Growth 2023-2028
Table 15 Forecast Sales of Jewellery by Category: % Value Growth 2023-2028
PERSONAL ACCESSORIES IN SOUTH KOREA
EXECUTIVE SUMMARY
Personal accessories in 2023: The big picture

2023 KEY TRENDS

Competitive landscape
Retailing developments
What next for personal accessories?
MARKET DATA
Table 16 Sales of Personal Accessories by Category: Volume 2018-2023
Table 17 Sales of Personal Accessories by Category: Value 2018-2023
Table 18 Sales of Personal Accessories by Category: % Volume Growth 2018-2023
Table 19 Sales of Personal Accessories by Category: % Value Growth 2018-2023
Table 20 NBO Company Shares of Personal Accessories: % Value 2019-2023
Table 21 LBN Brand Shares of Personal Accessories: % Value 2020-2023
Table 22 Distribution of Personal Accessories by Format: % Value 2018-2023
Table 23 Forecast Sales of Personal Accessories by Category: Volume 2023-2028
Table 24 Forecast Sales of Personal Accessories by Category: Value 2023-2028
Table 25 Forecast Sales of Personal Accessories by Category: % Volume Growth 2023-2028
Table 26 Forecast Sales of Personal Accessories by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources