PROSPECTS AND OPPORTUNITIES
Bright outlook for fine jewellery in Indonesia
Retail sales of fine jewellery in Indonesia are expected to continue to grow at a healthy pace in both volume and current value terms during the forecast period. Gold jewellery will be a key driver of growth, due to its status as an integral part of Indonesian lifestyles, where it is worn as an expression of identity.
Personalisation will remain a key trend in jewellery over the forecast period
Customised wedding rings have gained significant popularity in recent years, with local consumers seeking to express their individuality and personal preferences through unique jewellery. Modern couples are now shunning mass-produced wedding rings, instead opting for bespoke designs that reflect their personalities, styles and values.
Unisex diamond jewellery design is set to become increasingly popular in the years ahead
In 2024, Mondial, a leading player in Indonesia's jewellery industry, observed a shift towards more unisex designs, with jewellery becoming a prominent accessory for men as well as women. The General Manager of Mondial, Leslie Christian Saputra, noted that jewellery such as rings, brooches and necklaces have become popular among Indonesian men who have been inspired by South Korean celebrities in K-Pop and K-drama.
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Overview:
Understand the latest market trends and future growth opportunities for the Jewellery industry in Indonesia 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 Indonesia, 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 Indonesia 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 Indonesia?
- Which are the leading brands in Jewellery in Indonesia?
- How significant is tourism in determining sales and demand for Jewellery in Indonesia?
- How are COVID-19 and global recession impacting demand for Jewellery in Indonesia?
- 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 Indonesia - Category analysis
KEY DATA FINDINGS
Global interest in Indonesian brands gathers pace in 2024
Sumber Kreasi Cipta Logam leads a highly fragmented landscape, with small local players proving adept at adapting to changing conditions
Lovary.id uses 3D technology to create unique jewellery pieces
Bright outlook for fine jewellery in Indonesia
Personalisation will remain a key trend in jewellery over the forecast period
Unisex diamond jewellery design is set to become increasingly popular in the years ahead
Personal Accessories in Indonesia - 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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