Asia Pacific Luxury Jewelry Market Size & Outlook
Asia Pacific luxury jewelry market, 2016-2028 (US$M)
Related Markets
Asia Pacific luxury jewelry market highlights
- The Asia Pacific luxury jewelry market generated a revenue of USD 23.0 million in 2020.
- The market is expected to grow at a CAGR of 9.1% from 2021 to 2028.
- In terms of segment, gold was the largest revenue generating raw material in 2020.
- Platinum is the most lucrative raw material segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2021 to 2028.
Asia Pacific data book summary
| Market revenue in 2020 | USD 23.0 million |
| Market revenue in 2028 | USD 46.0 million |
| Growth rate | 9.1% (CAGR from 2020 to 2028) |
| Largest segment | Gold |
| Fastest growing segment | Platinum |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gold, Platinum, Diamond, Gemstone, Precious Pearl |
| Key market players worldwide | Kering SA, The Swatch Group AG, Compagnie Financiere Richemont SA ADR, Lvmh Moet Hennessy Louis Vuitton SE, Signet Jewelers Ltd, Graff, Chopard International, Mikimoto, Pandora Jewelry Central Western Europe |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 0.3% of the global luxury jewelry market in 2020.
- Globally, Latin America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 46.0 million by 2028.
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Luxury Jewelry Market Scope
Luxury Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific luxury jewelry market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury jewelry market will help companies and investors design strategic landscapes.
Gold was the largest segment with a revenue share of 43.48% in 2020. Horizon Databook has segmented the Asia Pacific luxury jewelry market based on gold, platinum, diamond, gemstone, precious pearl covering the revenue growth of each sub-segment from 2016 to 2028.
The global luxury jewelry market is primarily controlled by Asia Pacific, with China and India being the two largest jewelry markets in the region. The key factors associated with the market growth in this region are latest designs and the demand for highquality jewelry among elite customers.
The integration of emerging technologies such as computeraided design in jewelry manufacturing is also driving the APAC luxury jewelry market. Furthermore, the growing focus on visual appeal, the power of social media, and the widespread tendency of internet browsing among consumers are also resulting in market growth.
Apart from this, the customs surrounding precious metals strongly govern the demand for luxury jewelry pieces. For example, because of numerous religious and cultural associations, India consumes a lot of gold and silver. The growth of India’s luxury jewelry market is primarily driven by increasing consumer disposable income.
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Target buyers of Asia Pacific luxury jewelry market databook
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Our clientele includes a mix of luxury jewelry market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific luxury jewelry market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific luxury jewelry market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific luxury jewelry market size, by country, 2016-2028 (US$M)
Asia Pacific Luxury Jewelry Market Outlook Share, 2020 & 2028 (US$M)
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