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Published
Dec 20, 2010
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Global Gem & Jewellery market report

Published
Dec 20, 2010


According to Research and Markets’ new Global Gem & Jewelry Market Report, there has been volatility in raw material prices. The global slowdown has led to low capacity utilisation in the industry, thus bringing down the margins in the jewelry manufacturing.

In some countries including India, some of the processing units have been partially shut down due to slackening demand. As a result, the value chain in the gems and jewelry industry may witness consolidation; only some major players are likely to cope with the trends and sustain the competitive pressure.

It is expected that the hike in gold and silver prices might change the consumer preferences, as also impact their demand pattern. The growing consumer sophistication, decline in investment-driven jewelry demand, and competition from other luxury goods are also likely to impact the demand pattern of gems and jewelry.

Some of the recent trends in the global gems and jewelry industry include: increasing HNWI wealth, value chain integration, men’s luxury jewelry, conflict diamonds, competition and buying patterns, women and self purchasers influencing jewelry market, expansion into emerging markets and branded jewelry.

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