The US Jewellery Market: Size, Trends & Forecasts Impact Analysis of COVID-19 (2021-2025 Edition
Pandora A/S, Signet Jewelers Ltd., LVMH Moet Hennessy Louis Vuitton SE and Richemont SA are the players whose company profiling has been done in the report.
By: Daedal Research
Signet Jewelers Ltd.
LVMH Moet Hennessy Louis Vuitton SE
The jewellery market has been segmented on the basis of type, assortment, platform, branding, metals and gender. The two main types of jewellery are fine jewellery and costume jewellery. On the basis of assortment, the market has been divided into rings, neckwear, earrings etc. Jewellery market can also be segmented on the basis of branding into branded and unbranded jewellery. Various kinds of metals included in jewellery market are gold, silver, diamond, platinum, gems etc. On the basis of platform, the market has been divided into online and offline jewellery market.
The US jewellery market has witnessed negative impact of COVID-19 due to lockdown and trade restrictions, furthermore the market is projected to grow further during the forecast period (2021-2025). The market is expected to be driven by various growth enhancing factors such as rising per capita disposable income, growing number of digital buyers, soaring urban population, increasing female population etc.
However, the market is not free from challenges that are hindering its growth. Some of the major challenges faced by the market are reduction in the number of independent jewelers, decline in weddings, etc.
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