{"id":527440,"date":"2021-01-25T12:10:01","date_gmt":"2021-01-25T12:10:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=527440"},"modified":"2021-01-25T12:10:01","modified_gmt":"2021-01-25T12:10:01","slug":"jewelry-market-to-generate-revenue-of-4805-billion-registering-a-significant-cagr-of-81-by-2025-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/jewelry-market-to-generate-revenue-of-4805-billion-registering-a-significant-cagr-of-81-by-2025-grand-view-research-inc_527440.html","title":{"rendered":"Jewelry Market To Generate Revenue Of $480.5 Billion Registering A Significant CAGR Of 8.1% By 2025 | Grand View Research, Inc."},"content":{"rendered":"
\"Jewelry<\/a><\/p>\n
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“Grand View Research, Inc. \u2013 Market Research And Consulting.”<\/div>\n<\/div>\n<\/div>\n
According to the report published by Grand View Research, Inc., factors such as increasing number of innovative jewelry designs, growing disposable income and changing lifestyles are some of the major factors giving boost to the market growth rate<\/div>\n

The global jewelry market<\/a><\/strong> size is expected to reach USD 480.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.1% over the forecast period. The market is expected to witness significant growth due to increase in disposable income and shift in consumer shopping preferences.<\/p>\n

Jewelry market is greatly dominated by rings in product type<\/span>, as they are available in multiple variety of sizes and designs. Also, with new innovative designs in the market they are receiving a great deal of attention. In addition to this, Bracelets are also gaining higher traction due to their increasing usage by working-class women, as a replacement for bangles in daily wear.<\/span><\/p>\n

Countries like China and India are some of the major markets of jewelry in the world <\/span>and majority of sales in these countries are driven by gold. Increasing awareness among consumers related to various hallmarks to authenticate purity of gold is another factor boosting the growth of the gold jewelry. Sales of diamond jewelry are expected to increase at a significant rate owing to changing consumer lifestyle in the developed countries. <\/span><\/p>\n

In 2018, Asia Pacific held the largest jewelry market share in terms of revenue<\/span> due to the presence of the major players as well as high demand from countries like China, India, and Hong Kong. Changing fashion trends, along with awareness regarding authenticity of precious gems and metals, are the other factors propelling the market growth in this region.<\/span><\/p>\n

\"U.S.<\/span><\/p>\n

Further key findings from the study suggest:<\/strong><\/p>\n