What is Minimalist Jewelry Market?
Minimalist jewelry is a style of jewelry that tries to bring out the essence of the materials used and the theme of a piece by eliminating unessential embellishments. With a massive client base, the minimalist jewelry industry has made it possible for the manufacturers to supply their products to a huge market and hence earn profits. Also, the introduction of new variants in the designs and the evolving fashion trends are appealing to more and more customers. Therefore the manufacturers are influencing this daily change in the fashion trends for the innovation of more products and great designs so as to attract the customers. The increase in cross-cultural designs is an ongoing trend that is achieving high popularity in the minimalist jewelry market. The rising demand for pieces of jewelry that are inspired by various other cultures namely Italian, European, and others is also expected to drive the minimalist jewelry market over the period. Furthermore, the rise in urbanization has also given rise to the changing consumer behavior associated with the accessories, like keeping it to a minimal level with sophistication and also maintaining the style statement. Such growing factors have hence led to considerable demand for various kinds of minimalist jewelry like earrings, pendants, and rings.
The market study is being classified by Type (Minimalist Earring, Minimalist Bracelet, Minimalist Necklace and Other) and major geographies with country level break-up.
Wolf Circus (Canada), Lemaire (France), Mejuri (Canada), Young Frankk (United States), Loveness Lee (United Kingdom), Justine Clenquet (France), Sophie Buhai (United States), Martyre (United States), Vrai (United States) and Saskia Diez (Germany) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Minimalist Jewelry market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Minimalist Jewelry market by Type, Application and Region.
On the basis of geography, the market of Minimalist Jewelry has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Changing Style Statement Fueled By Rising Disposable Income
- Emphasizing On Innovative Designs for Minimalist Jewelry
- Increasing Demand from Fashion Industry
- Improved Lifestyle in Emerging Economies
- Increasing Demand for Customized Minimalist Jewelry
- Alternative Such as Imitation Jewelry Present
- Fluctuating Raw Material Prizes
- Increasing Disposable Income in Low and Middle-Income Countries
- Growing Online Market for Minimalist Jewelry and Rising Focus among Millennials
- Lack of Acceptance in Low and Middle Income Group People
“According to The Federal Trade Commission of the United States government, most platinum jewelry sold in the U.S. is 85% platinum and 15% other metals, either precious platinum group metals and/or base metals. Labels will look like this: 850Plat. = 85% pure platinum, 900Pt. = 90% pure platinum. For items containing between 50% and 85% pure platinum combined with other platinum group metals, marketers should state the amount of pure platinum and the amount of other platinum group metals. For example, 800 Pt. 200 Pd. = 80% pure platinum, 20% palladium, 750 Pt. 250 Rh. = 75% pure platinum, 25% rhodium, 600 Pt. 350 Ir. = 60% pure platinum, 35% iridium.”
Key Target AudienceMinimalist Jewelry Manufacturers, Traders, Distributors, and Dealers, Regulatory and Research Organizations, Raw Material Producers, Suppliers, and Distributors, Potential Investors, Industry Associations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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