Scope of the Study
Costume jewelry also called as fashion jewelry, trinkets, fake jewelry and fallalery, is a jewelry made of less valuable materials as compared with valuable materials such as gold, diamond, platinum and other precious metals and gem. The raw material used for these jewelries include base metals, glass, plastic, synthetic stones, semi-precious stones, beads, ivory, lac, leather, terracotta, pearl and metals such as silver, aluminum and brass.
The market study is being classified by Type (Bracelets and Earrings, Necklaces and Rings, Pendant and Other), by Application (Male and Female) and major geographies with country level break-up. According to AMA, the Global Costume Jewelry market is expected to see growth rate of 7.9% and may see market size of USD40.3 Billion by 2024.
Buckley Jewellery Limited (United Kingdom), Avon Products Inc (United Kingdom), Swank Inc (United States), H. Stern Com. & Ind. S.A. (Brazil), Cartier SA (France), Channel S.A (United States), Louis Vuitton (United States), Stuller (United States), Yurman Design (United States), Billig Jewelers (United States) and Gianni Versace (Italy) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Costume Jewelry market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Costume Jewelry market by Type, Application and Region.
On the basis of geography, the market of Costume 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). If we see Market by Mode of Sales, the sub-segment i.e. Retail will boost the Costume Jewelry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing online sales across the globe
- High prices of gold and silver
- Surging urbanization in emerging economies
- Increase in use of digital media for product marketing
- Ensuing rise of online shopping
- Lack of the durability of jewellery item
- Stringent import & trade laws
- Growing preference among men and women to stay stylish and trendy in Asia Pacific
- The rise in the prices of raw materials
In January 2019, Avon announced that, it has entered into a definitive agreement with TheFaceshop Co. Ltd., a subsidiary of LG Household & Health Care Ltd., one of Asiaís largest consumer goods and beauty companies, under which TheFaceShop will acquire all of the shares of Avonís Beauty manufacturing operation in Guangzhou, China.
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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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