US Jewelry Market with Focus on Engagement Rings: Industry Analysis & Outlook (2017-2021)

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Industry Research by Koncept Analytics
US Jewelry Market with Focus on Engagement
Rings Industry Analysis Outlook
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(2017-2021)
June 2017
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Executive Summary
Jewelry is one of the most valuable segments in
trade and commerce industry. Jewelry consists of
small decorative items worn for personal
adornment, such as brooches, rings, necklaces,
earrings, and bracelets. Jewelry may be attached
to the body or the clothes, and the term is
restricted to durable ornaments, excluding
flowers. For many centuries metal, often combined
with gemstones, has been the normal material for
jewelry, but other materials such as shells and
other plant materials may be used. Inspired by
the growing economy and rising personal income,
the US jewelry market has witnessed an impressive
growth thus, expanding the boundaries of its
existing realm. Jewelry markets retail as well
as online segment both are fiercely competitive
and are highly fragmented. Considering several
elements utilized in jewelry industry, gold has
always dominated the industry on account of its
vivid physical and chemical properties like
luster and ease of fabrication. Apart from gold,
other chief metals employed in the jewelry
industry include diamond, platinum, silver,
titanium, and palladium among others. The key
factors which are anticipated to drive US jewelry
market include economic growth, increasing
urbanization and rise of middle class, increasing
employment in the US, rising internet penetration
and increase in working women population. Some of
the significant developments of this industry
include growing popularity of omni channels,
changing consumer preferences, and increasing
women self-purchase. However, the challenges
faced ahead by the US industry includes lack of
expert advice and real product examination,
threat from synthetic diamond, cybercrime and
fraud and rising mining cost. This report offers
a comprehensive analysis of the US jewelry
market. Furthermore, market dynamics such as key
trends and development and challenges are
analyzed in depth. On the contention front, the
market is reined by few major players namely
LVMH, Signet, Tiffany Co., and Blue Nile. The
competitive landscape of the respective market,
along with the company profiles of the leading
players are also discussed in detail.
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Several factors including rising disposable
incomes, growing population especially
millennial, and rapid urbanization will drive the
market for diamond jewelry in the next few years.
Also, the supply of rough diamonds is expected to
maintain a tight balance with demand, which will
further strengthen the market outlook
Global Diamond Jewelry Market by Value (2012-2016)

• In 2016, the global diamond jewelry market was
  valued at US... billion, compared to US...
  billion, depicting an annual rise of .
• By the end of year 2021, the global diamond
  jewelry market is predicted to reach US...
  billion, growing at a CAGR of , spanning from
  2017 to 2021.
• In year 2016, the US accounted for market
  share, followed by China and India with and
  shares, respectively.

Global Diamond Jewelry Market Forecast by Value
(2017-2021)
Global Diamond Jewelry Market by Region (2016)
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Several factors such as increasing purchasing
power of people, growing sales through online
mode and initiatives by the companies to reduce
hesitation to purchase online will continuously
provide the fuel required for growth of the US
diamond engagement ring market.
The US Diamond Engagement Ring Market by Value
(2012-2016)

• In 2016, the US diamond engagement ring market
  was recorded at US... billion, increasing from
  US... billion in preceding year, recording
  annual growth of .
• By the end of year 2021, the US diamond
  engagement ring market is expected to reach
  US... billion mark, growing at a CAGR of
  spanning from 2017-2021.
• In 2016, diamond engagement rings accounted for
  share of the overall US diamond jewelry
  market. The remaining share of was distributed
  amongst different varieties of diamond jewelry.

The US Diamond Engagement Ring Market Forecast by
Value (2017-2021)
The US Diamond Jewelry Market by Type (2016)
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