Costume Jewelry Market - PMR Market Insight Report 2014 to 2020
Persistence Market Research
Costume Jewelry Market - PMR Market Insight
Report 2014 to 2020
Persistence Market Research
1
Costume Jewelry Market - PMR Market Insight Report 2014 to 2020
Persistence Market Research Released New Market Report on “Costume Jewelry
Market - PMR Market Insight Report 2014 to 2020”.
Costume jewelry (also known as fashion jewellery, trinkets, junk jewelry, fake
jewelry and fallalery) is a jewelry made of less valuable materials as compared with
valuable materials such as gold, diamond, platinum and other precious metals and
gem. The raw material used for these jewelleries include base metals, glass, plastic,
synthetic stones, semi-precious stones, beads, ivory, lac, leather, terracotta, pearl
and metals such as silver, aluminum and brass. On the basis of products, the
costume jewelry industry is broadly categorized as bracelets, brooch, earrings,
necklaces, chokers, bangles, finger rings, toe rings, anklets and pendants.
The costume Jewelry industry operates as a true global industry as the raw
materials are mostly sourced from Australia, Africa, Russia and Canada,
manufacturing takes place in China, India, Italy and Turkey whereas the largest
markets is North America, followed by Europe.
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The developing economies such as BRIC (Brazil, Russia, India and China) are the
fasted growing market with double digit growth rates. Asia Pacific is the largest
producer of costume jewelry and expected to take over North America in terms of
consumption in the coming years. High growth rate in Asia Pacific region is
attributed to the rising income of the consumers in these countries. Further, with
the massive urbanization and westernization taking place, the consumers are now
becoming more fashionable and trendy. Moreover large population of young
consumers (average age is 29 year and 37 year respectively for India and China)
are also a key contributor in overall growth of costume jewelry in these countries.
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Costume Jewelry Market - PMR Market Insight Report 2014 to 2020
The key drivers for the costume jewelry include increasing prices for gold and other
precious gems and pearls, internationalization of brands and increasing demand of
men costume jewelry. Some of the key challenges for the costume jewelry industry
include rising raw material cost and fad sensitive market of fashion jewelry. The
unorganized supply chain of the raw materials in costume jewelry industry also act
as a major restraint for the industry as it sometimes lead to steep hike in the prices
of raw materials. Online channels, which are still new trend, offer new opportunity
for the market.
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Some of the major player in operating in the industry includes, Buckley Jewellery
Limited, The Colibri Group, Avon Products Inc, Swank Inc, H. Stern Com. & Ind. S.A.,
Cartier SA, Channel S.A., Louis Vuitton North America, Inc., Stuller, Inc., Yurman
Design, Inc., Billig Jewelers, Inc. and Gianni Versace S.p.A.
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Costume Jewelry Market - PMR Market Insight Report 2014 to 2020
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