March 6, 2013
/PRNewswire/ --Reportlinker.com announces that a new market research report is available in its catalogue:
Global Gems and Jewellery Market Forecast and Opportunities, 2018
U.S. currently accounts for the largest jewellery market in the world with more than half of its market being dominated by the diamond jewellery segment. Regionally,
holds the world's largest jewellery market and is being driven largely by
which are the two largest consumers of gold in the world and also hold majority of the processing and manufacturing industry for jewellery. The global market is now witnessing an improvement in the jewellery sales overall and with the rising disposable incomes and changing lifestyles; the global jewellery market is set to experience a strong growth over the coming years.
However, the market is still challenged by the large unorganized markets, particularly in the developing economies. According to 'Global Gems and Jewellery Market Forecast & Opportunities, 2018' the jewellery market worldwide has grown steadily over the last few years while it slowed down during the global economic recession but is likely to grow at a faster rate compared to the growth rate of past three years. The value of world's jewellery market is expected to grow at the CAGR of over 5% over the next five years. The global market for jewellery is expected to surpass
USD 257 Billion
revenues by 2017. The market is predominantly driven by the
and the Middle Eastern markets, but U.S. continues to remain the dominant player in the industry.
'Global Gems and Jewellery Market Forecast & Opportunities, 2018' discusses the following aspects related to the worldwide jewellery market: