They say history repeats itself, and going by the trends from the last three decades in the apparel industry, it seems to be playing out again. This time in the jewelry industry, and it’s unfolding at a much faster pace. The jewelry industry seems poised for a promising future. Sales in the global jewelry industry are expected to grow at a rate of 5 to 6 percent every year, reaching. The global jewelry industry is reached annual global sales of 161 billion USD and expected to grow at a healthy clip of 5 to 6 percent each year, totaling 272 billion USD by 2020. Consumer demand for jewelry is as promising as ever in 2020.To get more news about jewelry design software, you can visit jewelryhunt.net official website.

Today, the jewelry industry is still primarily local. The top 10 jewelry brands in the world capture 11 percent of the worldwide market. The rest of the market consists of strong national retail brands, such as Christ in Germany or Chow Tai Fook in China, and small or midsize enterprises that operate single-branch stores.
The global jewelry industry is valued at USD 272 billion in 2020 and is anticipated to witness significant growth over a few years. The biggest jewelry industry trends driving this growth are increasing disposable income and innovative jewelry designs offered by manufacturers.

An emerging trend in the global jewelry industry is the growth of the bridal jewelry market. In countries like India, a wedding is a huge affair full of traditions and rituals and jewelry is a huge part of that. It’s not just weddings, gold earrings and necklaces are no longer limited to weddings and functions. Men and women both wear rings, plain gold chains, and anklets as a fashion statement. Earrings and bracelets are also gifted on various occasions or events like birthdays and anniversaries. This consumption behavior is expected to positively impact market growth.

In 2019, the global luxury jewelry market amounted to about 23 billion USD. The largest share if the luxury jewelry market revenue is attributed to China, followed by the United States, Japan, and India. The value of the jewelry market is expected to increase from about 272 billion USD in 2020 to about 480.5 billion USD by 2025. Driving this demand is being led by lab-created diamonds, which are often indistinguishable from natural diamonds, and are expected to become much more common and readily available in the near future.

The demand for gold worldwide has increased from over 3.1 thousand metric tons in 2007 to around 4.4 thousand metric tons in 2019. There are several different industries that use gold, but the largest of these is the jewelry industry. In 2017, the jewelry industry used over 2.1 thousand metric tons of gold, accounting for a little over half of all gold demand worldwide. Regionally, China and India account for the largest share of global gold jewelry demand.
The average deal value in jewelry has been rising—by a compound annual growth rate of 9 percent between 1997 and 2012, compared with 5 percent in apparel. Recent deals include British company Signet Jewelers’ 2012 acquisition of US-based retailer Ultra Diamonds and the Swatch Group’s acquisition of Harry Winston in January 2013.

Going by annual sales, the apparel industry is about ten times the size of the jewelry industry. The average MA deal in the global jewelry industry grew at a CAGR (Compound Annual Growth Rate) of 9 percent, compared to the apparel industry where the growth was 5 percent.