The global pearl jewellery market was valued approximately USD 10.5 billion in 2022 and is expected to increase to approximately USD 25 billion by 2030, with a compound annual growth rate (CAGR) of approximately 13% between 2023 and 2030.
The study examines the worldwide pearl jewellery market drivers, restraints/challenges, and the impact on demand throughout the forecast period. Furthermore, the paper investigates emerging potential in the pearl jewellery market.
Pearl Jewelry Market: Overview
The pearl jewellery industry is a sub-segment of the wider jewellery sector that focuses on the design, production, sourcing, selling, and purchasing of pearl jewellery. They are one-of-a-kind and valuable gemstones that form within the soft tissue of mussels and oysters, often known as molluscs. Pearls are the oldest type of gemstone present on Earth and are highly prized since they have been worn as jewellery by men and women for ages. There are various varieties of pearls in the global industry, including natural and synthetically created pearls.
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Pearl Jewelry Market: Growth Drivers
Pearls' growing popularity will drive market demand.
Because of the increasing popularity of pearls among both genders, the worldwide pearl jewelry market is expected to rise. Despite the fact that pearl has long been used as a jewelry item, the gemstone has recently garnered greater popularity among the younger generation due to the physical elegance and richness that pearl lends to the entire appearance of the person wearing it. Since designers began creating jewelry designs utilizing pearls in various shapes, the international fashion industry has been responsible for reintroducing pearls into fashion. Factors such as social media campaigns, good marketing and promotion strategies used by jewelry producers and dealers, and increased consumer awareness have resulted in an increase in sales.
Pearl Jewelry Market: Segmentation
The global pearl jewelry market is segmented based on type, pearl type, material, and region
Based on type, the global market divisions are earrings, necklaces, rings, and others
Although the type of jewelry chosen is dependent on several factors like personal preference, availability, price, and cultural norms, the most popular type of pearl jewelry are necklace
They are available in different length sizes along with pearl quality and are mostly adorned by the women population owing to the high status associated with good-quality pearl necklaces
Pearl earrings are another popular form of pearl jewelry. Some earrings have single pearl studs for each year while some designs are more detailing For instance, drop earrings are becoming increasingly popular amongst the younger consumers
In 2011, the world witnessed a large melo pearl being sold for USD 30,500
Pearl Jewelry Market: Regional Analysis
Asia-Pacific to witness the highest growth
Because of the large consumer databases of pearls in India, China, Indonesia, and Japan, the global pearl jewellery market is expected to grow the fastest in Asia-Pacific. Indonesia is the greatest producer of pearls as well as the largest consumption group. This increase is due to the gemstone's long cultural association with Asian territories. Pearls, for example, are considered a symbol of beauty, purity, and elegance in Japan. Pearls are associated with longevity and good luck in China, and the majority of women prefer to have some natural pearls in their jewellery collection.
Pearl Jewelry Market: Regional Analysis
Asia-Pacific to witness the highest growth
Because of the large consumer databases of pearls in India, China, Indonesia, and Japan, the global pearl jewellery market is expected to grow the fastest in Asia-Pacific. Indonesia is the greatest producer of pearls as well as the largest consumption group. This increase is due to the gemstone's long cultural association with Asian territories. Pearls, for example, are considered a symbol of beauty, purity, and elegance in Japan. Pearls are associated with longevity and good luck in China, and the majority of women prefer to have some natural pearls in their jewellery collection.
Pearl Jewelry Market: Competitive Analysis
The global pearl jewelry market is led by players like:
Chow Tai Fook Jewellery Company Limited
American Pearl Company Inc
Misaki
Tiffany and Co. (LVMH Moët Hennessy Louis Vuitton)
Mikimoto
Chandrani Pearls
Majorica Pearl
Tanishq Titan Company Ltd.
Tasaki Co. Ltd
Dogeared Inc
The Pearl Source
Shop TJC Limited
Atelier Mon.
The global pearl jewelry market is segmented as follows:
By Type
Earring
Necklace
Rings
Others
By Pearl Type
Saltwater
Freshwater
By Material
Silver
Gold
Others
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East Africa
GCC
South Africa
Rest of Middle East Africa
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