Market Overview:
The global garnet ring market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for garnet rings as jewelry items, owing to their properties such as durability and attractiveness. In addition, the rising disposable income of consumers in developing countries is also propelling the growth of this market. Based on type, the global garnet ring market has been segmented into: Garnet and Diamond Ring, Garnet and Gold Ring, Garnet and Silver Ring, Others. Among these segments, the segment of Garnet and Diamond Rings is expected to account for a major share in terms of revenue during the forecast period. This can be attributed to factors such as growing trend among couples towards diamond engagement rings and rising popularity of customized jewelry products. Based on application, the global garnet ring market has been segmented into: Decoration purpose (wedding/anniversary gifts), Collection purpose (investment purposes), others (gift for friends/family). Among these segments, Decoration Purpose is anticipated to hold a dominant position in terms of revenue contribution throughout 2030 followed by Collection Purpose Segment .
Product Definition:
A garnet ring is a type of ring that typically features a red or green gemstone. These rings are often given as gifts to symbolize love and friendship.
Garnet and Diamond Ring:
Garnet is a member of the mineral family, Pyrope group. It has a hardness of 9 on Moh's scale and is also known as the Almandine or French garnet. The color of this gem varies between red and brownish-red. It can be used in rings, pendants, necklaces etc., depending upon its size and shape.
Garnet and Gold Ring:
Garnet is a gemstone that has been used for thousands of years as an adornment and as a religious symbol. It is among the most popular gems in history, with its red color making it suitable for use in jewelry. The garnet ring market has seen significant growth over the last few years due to increased disposable income and changing lifestyles of consumers across the world.
The global market size was valued at USD 1,290 million in 2015.
Application Insights:
The decoration application segment led the global garnet ring market in 2017 and is projected to witness significant growth over the forecast period. The rising preference for decorative jewelry among women, especially in western countries such as U.S., Canada, Germany, France and UK is expected to be a major factor driving the demand for garnet rings over the next few years.
The collection application segment accounted for more than 25% of total market share in 2017 owing to increasing number of collectors across the globe who are focused on enhancing their valuable collections with new additions including this gemstone. This has resulted in high demand from various collection owners which can be satisfied by producing limited edition products annually or every two years as compared to other precious metal jewelry counterparts such as platinum group metals (PGM) or gold that require much larger production runs each time a new release is planned which may take several years before it can be available at retail stores or online shops.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 5.6% over the forecast period, owing to rising disposable income and consumer awareness about jewelry products with high value-added content. Europe accounted for a significant share of global revenue in 2017 due to growing demand for unique engagement rings from major countries, such as Germany, U.K., Italy, France and Spain among others.
Growth Factors:
- Increasing demand from the jewelry industry as a whole
- Rising disposable income in developing countries
- Innovation and new designs in garnet rings, increasing their appeal to consumers
- Greater awareness of the gemstone's properties and benefits
- Growing popularity of alternative engagement ring options
Scope Of The Report
Report Attributes
Report Details
Report Title
Garnet Ring Market Research Report
By Type
Garnet and Diamond Ring, Garnet and Gold Ring, Garnet and Silver Ring, Others
By Application
Decoration, Collection, Others
By Companies
Boucheron（Kering）, Cartier, TiffanyandCo, Bvlgari, VanCleefandArpels, Harry Winston, DERIER, Damiani, MIKIMOTO, PIAGET, Boucheron（Kering）
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Garnet Ring Market Report Segments:
The global Garnet Ring market is segmented on the basis of:
Types
Garnet and Diamond Ring, Garnet and Gold Ring, Garnet and Silver Ring, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Decoration, Collection, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boucheron（Kering）
- Cartier
- TiffanyandCo
- Bvlgari
- VanCleefandArpels
- Harry Winston
- DERIER
- Damiani
- MIKIMOTO
- PIAGET
- Boucheron（Kering）
Highlights of The Garnet Ring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Garnet and Diamond Ring
- Garnet and Gold Ring
- Garnet and Silver Ring
- Others
- By Application:
- Decoration
- Collection
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Garnet Ring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Garnet Ring is a video game for the PlayStation 4 and Xbox One platforms. It was developed by FromSoftware and published by Bandai Namco Entertainment. The game was announced during Sony's E3 press conference on June 12, 2018, with a release date of September 20, 2018.nnThe story follows the protagonist as they explore an abandoned castle in search of its hidden secrets. Along the way they must fight against deadly creatures and solve puzzles to progress.
Some of the major players in the garnet ring market are Boucheron（Kering）, Cartier, TiffanyandCo, Bvlgari, VanCleefandArpels, Harry Winston, DERIER, Damiani, MIKIMOTO, PIAGET, Boucheron（Kering）.
The garnet ring market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Garnet Ring Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Garnet Ring Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Garnet Ring Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Garnet Ring Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Garnet Ring Market Size & Forecast, 2018-2028
4.5.1 Garnet Ring Market Size and Y-o-Y Growth
4.5.2 Garnet Ring Market Absolute $ Opportunity
Chapter 5 Global Garnet Ring Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Garnet Ring Market Size Forecast by Type
5.2.1 Garnet and Diamond Ring
5.2.2 Garnet and Gold Ring
5.2.3 Garnet and Silver Ring
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Garnet Ring Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Garnet Ring Market Size Forecast by Applications
6.2.1 Decoration
6.2.2 Collection
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Garnet Ring Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Garnet Ring Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Garnet Ring Analysis and Forecast
9.1 Introduction
9.2 North America Garnet Ring Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Garnet Ring Market Size Forecast by Type
9.6.1 Garnet and Diamond Ring
9.6.2 Garnet and Gold Ring
9.6.3 Garnet and Silver Ring
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Garnet Ring Market Size Forecast by Applications
9.10.1 Decoration
9.10.2 Collection
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Garnet Ring Analysis and Forecast
10.1 Introduction
10.2 Europe Garnet Ring Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Garnet Ring Market Size Forecast by Type
10.6.1 Garnet and Diamond Ring
10.6.2 Garnet and Gold Ring
10.6.3 Garnet and Silver Ring
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Garnet Ring Market Size Forecast by Applications
10.10.1 Decoration
10.10.2 Collection
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Garnet Ring Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Garnet Ring Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Garnet Ring Market Size Forecast by Type
11.6.1 Garnet and Diamond Ring
11.6.2 Garnet and Gold Ring
11.6.3 Garnet and Silver Ring
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Garnet Ring Market Size Forecast by Applications
11.10.1 Decoration
11.10.2 Collection
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Garnet Ring Analysis and Forecast
12.1 Introduction
12.2 Latin America Garnet Ring Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Garnet Ring Market Size Forecast by Type
12.6.1 Garnet and Diamond Ring
12.6.2 Garnet and Gold Ring
12.6.3 Garnet and Silver Ring
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Garnet Ring Market Size Forecast by Applications
12.10.1 Decoration
12.10.2 Collection
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Garnet Ring Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Garnet Ring Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Garnet Ring Market Size Forecast by Type
13.6.1 Garnet and Diamond Ring
13.6.2 Garnet and Gold Ring
13.6.3 Garnet and Silver Ring
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Garnet Ring Market Size Forecast by Applications
13.10.1 Decoration
13.10.2 Collection
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Garnet Ring Market: Competitive Dashboard
14.2 Global Garnet Ring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boucheron（Kering）
14.3.2 Cartier
14.3.3 TiffanyandCo
14.3.4 Bvlgari
14.3.5 VanCleefandArpels
14.3.6 Harry Winston
14.3.7 DERIER
14.3.8 Damiani
14.3.9 MIKIMOTO
14.3.10 PIAGET
14.3.11 Boucheron（Kering）
