PROSPECTS AND OPPORTUNITIES
Daily-wear jewellery set to emerge as a key growth opportunity
The daily-wear jewellery market is anticipated to witness significant growth during the forecast period. This is likely to be particularly beneficial to sales of costume jewellery, with younger consumers in particular likely to be keen to mix and match jewellery pieces to match their outfit and the occasion.
Balancing offline and online worlds could be key to success
In India’s evolving jewellery market, a significant offline store presence is still seen as essential, particularly for high ticket items such as gold and diamond jewellery. However, incorporating digital technology is becoming increasingly essential to providing an immersive shopping experience that can help appeal to younger digital-savvy consumers.
Growing preference for gold bars and coins likely to influence the growth of jewellery
In the forecast period, consumers are projected to increasingly look towards gold coins, bars, and digital gold as opportunities for investment. During festival celebrations such as Dhanteras, most now place orders for gold and silver coins through rapid commerce apps, evidencing how convenience and investment returns are influencing the buying process.
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Overview:
Understand the latest market trends and future growth opportunities for the Jewellery industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Jewellery industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Jewellery in India report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Jewellery in India?
- Which are the leading brands in Jewellery in India?
- How significant is tourism in determining sales and demand for Jewellery in India?
- How are COVID-19 and global recession impacting demand for Jewellery in India?
- In the wake of COVID-19, how soon can Jewellery be expected to recover? Where are the opportunities for growth now?
- Where is future growth expected to be most significant?
Jewellery in India - Category analysis
KEY DATA FINDINGS
Festivals and weddings remain key sales drivers
Indian government investing in lab-grown diamonds
Titan remains on top despite increasing competition
Daily-wear jewellery set to emerge as a key growth opportunity
Balancing offline and online worlds could be key to success
Growing preference for gold bars and coins likely to influence the growth of jewellery
Personal Accessories in India - Industry Overview
Personal accessories in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for personal accessories?
DISCLAIMER
The following categories and subcategories are included:
Jewellery
- Costume Jewellery
- Fine Jewellery
Jewellery
Jewellery is a kind of personal adornment usually made with various precious and semi-precious materials such as gemstones, precious metals, beads, glass, and shells. Jewellery is segmented as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Jewellery research and analysis database.
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