Costume Jewelry Market

Costume jewelry, also known as fashion jewelry, is made up of inexpensive materials such as simulated stones and base metals. These materials are majorly made with copper, brass, or aluminum, which could be blended or tarnished easily. Costume jewelry could not be distinguished from genuine jewelry, and look similar to gold, silver, or rose gold. It is made up of materials that can be easily cracked, thus it does not have a longer shelf life. Fashion jewelry is lower in price and attractive, which is the major reason why costume jewelry is gaining traction among customers.

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Increasing prices of gold and silver jewelry, rapid urbanization, and the accelerating adoption of e-commerce platforms are some of the key factors proliferating the growth of the global costume jewelry market. In the present digital scenario, e-commerce is one of the most reliable platforms to purchase affordable and user-friendly jewelry. Online platforms provide a wide range of jewelry which could be found at a particular retail store. Moreover, the customers can easily view a wide range of jewelry in the comfort of their workplace, home, or while in transit. Fashion brands on the e-commerce platform offer a better price, international designs, and patterns, lab certification, and provide easy payment gateways, which attracts the focus of customers. Online platforms provide additional comfort to customers in comparison to the retail stores, which includes exclusive discounts, free trial, doorstep delivery, and easy to return or exchange policies. Advancements in technology have increased the adoption of e-commerce platforms among customers as they can easily ask their queries, which are addressed by automated chatbots and can track and monitor delivery status. Thus, the high adoption of e-commerce platform is boosting the growth of the market.

In comparison to the past decade, urbanization is increasing rapidly. Currently, the urban population consists of youth, working individuals, including a large number of working women. Due to the change in economic status, the lifestyle of individuals has changed completely. They are influenced by social media, television shows, fashion bloggers, and others, hence wearing clothes along with accessories is becoming one of the emerging trends in the market. Therefore, it becomes difficult for economic class people to afford expensive ornaments, especially in countries such as India, where wearing jewelry items is highly preferred. Hence, the need and demand for costume jewelry is increasing rapidly.

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On the basis of the product, the market is segmented into necklaces & chains, earrings, rings, cufflinks & studs, bracelets, and others. Among these, ring segment is expected to lead the market during the forecast period. This is attributed to the wide range of rings available for both men and women. Moreover, rings are less costly as compared to the other jewelleries, which is further boosting the growth of the market.

Based on the gender, the market is segmented into male and female. Among these, women segment would lead the market during the forecast period. This is due to the high usage of jewelry for various events. Women are more attracted toward jewelry, as it makes them look beautiful, and highlights their outfit. Moreover, due to the growing trend of accessories, the demand for costume jewelry is increasing among corporate women and youth.

On the basis of the sales channel, the market is segmented into retail and online. Among these, the online sales channel is expected to observe a higher CAGR during the forecast period. This is due to the changing lifestyles of individuals and enhanced shopping experience provided by e-commerce platforms.

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Based on the region, Asia-Pacific is projected to dominate the market during the forecast period. This is due to the increasing population of youth and working women in the region. Additionally, countries such as India prefer wearing jewelry as part of their culture, which will further increase the demand for costume jewelry in the market.

The major players in the market include Louis Vuitton, Cartier SA, Sabika, Inc., Silgan Azuli Skye, Premier Designs Inc., Yanbal, Park Lane Jewelry, Silpada Designs Inc., Stella & Dot Llc, and Lulu Avenue, among others.

The global costume jewelry market has been segmented on the basis of product, gender, sales channel, and region. Based on Product, the market is segmented into Necklaces & Chains, Earrings, Rings, Cufflinks & Studs, Bracelets, and Others. Based on Gender, the market is segmented Male, and Female. Based on the Sales Channel, the market is segmented Retail and Online. Based on gender, the market is segmented into men, and women.

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Key questions answered in this research report:

• • At what pace is global costume jewelry market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global costume jewelry market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global costume jewelry market?
  • Which product generated maximum revenues in 2019 and identify the most promising Costume Jewelry products during the forecast period?
  • What are the various Sale Channels of global costume jewelry market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Costume Jewelry Market by Product

• • Necklaces & Chains
  • Earrings
  • Rings
  • Cufflinks & studs
  • Bracelets
  • Others

Global Costume Jewelry Market by Gender

• • Male
  • Female

Global Costume Jewelry Market by Sales Channel

• • Retail Sale
  • Online Sale

Global Costume Jewelry Market by Region

• • North America Costume Jewelry Market (Option 1: As a part of the free 25% customization)
    • North America Costume Jewelry Market by Product
    • North America Costume Jewelry Market by Gender
    • North America Costume Jewelry Market by Sales Channel
    • US Costume Jewelry Market All-Up
    • Canada Costume Jewelry Market All-Up
  • Europe Costume Jewelry Market (Option 2: As a part of the free 25% customization)
    • Europe Costume Jewelry Market by Product
    • Europe Costume Jewelry Market by Gender
    • Europe Costume Jewelry Market by Sales Channel
    • UK Costume Jewelry Market All-Up
    • Germany Costume Jewelry Market All-Up
    • France Costume Jewelry Market All-Up
    • Spain Costume Jewelry Market All-Up
    • Rest of Europe Costume Jewelry Market All-Up
  • Asia-Pacific Costume Jewelry Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Costume Jewelry Market by Product
    • Asia-Pacific Costume Jewelry Market by Gender
    • Asia-Pacific Costume Jewelry Market by Sales Channel
    • India Costume Jewelry Market All-Up
    • China Costume Jewelry Market All-Up
    • Japan Costume Jewelry Market All-Up
    • Rest of APAC Costume Jewelry Market All-Up
  • RoW Costume Jewelry Market (Option 4: As a part of the free 25% customization)
    • RoW Costume Jewelry Market by Product
    • RoW Costume Jewelry Market by Gender
    • RoW Costume Jewelry Market by Sales Channel
    • Brazil Costume Jewelry Market All-Up
    • South Africa Costume Jewelry Market All-Up
    • Saudi Arabia Costume Jewelry Market All-Up
    • UAE Costume Jewelry Market All-Up
    • Rest of world (remaining countries of the LAMEA region) COSTUME JEWELRY Market All-Up

Global Costume Jewelry Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Louis Vuitton
  • Cartier SA
  • Sabika, Inc.
  • Silgan Azuli Skye
  • Premier Designs Inc.
  • Yanbal
  • Park Lane Jewelry
  • Silpada Designs Inc.
  • Stella & Dot Llc
  • Lulu Avenue