Burnaby, Canada, September 11, 2015 --(PR.com
)-- According to TechSci Research report “Global Gems &Jewelry Market Forecast & Opportunities, 2020,” the global gems & jewelry market is projected to register revenue growth at a CAGR of around 6% during 2015-20. Global gems & jewelry market was dominated by gold segment in 2014, and the segment is forecast to continue dominating the market through 2020.A major portion of gems & jewelry sales in global market continues to be accounted for by India, China and the US, due to growing income levels among consumers and increasing investments in jewelry. Global gems and jewelry market is highly fragmented, with few of the leading global gems & jewelry players being Tiffany & Co., Gitanjali, Signet, LVMH, Chow Tai Fook, and Richemont. However, a lion’s share in sales of gems & jewelry is captured by unorganized, family owned businesses.
“Apart from being perceived as luxury products, gems & jewelry are increasingly being offered as gifts in various markets across the globe. Moreover, increasing penetration towards purchasing jewelry through online sales channels due to increasing number of women joining the workforce and growing Internet penetration are boosting gems & jewelry sales across the globe. Keeping in mind the robustly growing demand for different jewelry types and designs, manufacturers are focusing on incorporating technologically advanced processes in their workflow to offer high quality products within a short duration of time,” said Mr. Karan Chechi, Research Director with TechSci Research, a global management consulting firm.
“Global Gems & Jewelry Market Forecast & Opportunities, 2020” has evaluated the future growth potential of global gems & jewelry market and provides statistics and information on market structure, size, trends, etc. The report includes gems & jewelry market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities prevailing in global gems & jewelry market.