PROSPECTS AND OPPORTUNITIES
Fine jewellery will remain culturally important in Filipino Chinese traditions
Fine jewellery holds deep symbolism in Filipino Chinese wedding culture, with one of the most prominent practices being the tradition of the Ting-hun ceremony. This pre-wedding practice involves the exchange of jewellery, which the groom presents to his future spouse.
Rise in financial literacy will drive online fine jewellery purchases
Post-pandemic, Filipino consumers are becoming increasingly financially savvy and discerning in their purchases, particularly when it comes to high-value investments like fine jewellery. As financial education has increased, consumers are now better equipped to make informed choices about their investments.
Proposed simplified mining fiscal regime could attract investment in local mining industry
The Department of Finance has called for a more streamlined mining fiscal regime, proposing the reduction of the eight-tier structure (under current House Bill 8937) to just four tiers. The current system, with tax rates ranging from 1.
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Overview:
Understand the latest market trends and future growth opportunities for the Jewellery industry in Philippines 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 Philippines, 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 Philippines 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 Philippines?
- Which are the leading brands in Jewellery in Philippines?
- How significant is tourism in determining sales and demand for Jewellery in Philippines?
- How are COVID-19 and global recession impacting demand for Jewellery in Philippines?
- 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 the Philippines - Category analysis
KEY DATA FINDINGS
Lab grown diamonds gain popularity in view of environmental and financial concerns
K-pop and maximalist designs drive growth of costume jewellery amongst millennials
Pawnshops and e-commerce platforms drive engagement in fine jewellery
Fine jewellery will remain culturally important in Filipino Chinese traditions
Rise in financial literacy will drive online fine jewellery purchases
Proposed simplified mining fiscal regime could attract investment in local mining industry
Personal Accessories in the Philippines - 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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