Market Overview:
The global platinum jewelry market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for platinum jewelry in the collections, wedding, festive blessing, fashion and other applications segments. North America is expected to lead the global platinum jewelry market in terms of revenue during the forecast period. Asia Pacific is projected to be the fastest-growing region in terms of revenue growth during the forecast period.
Product Definition:
Platinum jewelry is jewelry that is made of platinum, a precious metal. Platinum is a rare metal, so platinum jewelry is expensive.
Necklaces:
Necklaces are used to hold the pendant or the suspended jewelry and form a prominent feature of various kinds of necklines. They can be circular, semi-circular, elongated or straight in shape. The materials used for making necklaces vary according to fashion trends and preferences as well as regional variations. Some popular materials include silver, gold chains with amber pendants, black jadeite beads etc.
Earrings:
An earring is a small piece of jewelry, which is worn in the external part of the ear. The size and shape of an earring vary according to region and culture. In western countries such as U.S., France, or Canada; round or oval shaped studs are mostly used as anearring owing to their availability in various sizes and shapes.
Application Insights:
The collection application segment accounted for the largest share of 54.5% in 2017. Platinum jewelry is most commonly used in collections as it has a long-lasting value, even after several wears. This makes it an ideal choice for keeping track of investments and savings, ornaments, and family heirlooms across various cultures around the world.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This growth can be attributed to increasing demand for jewelry as a status symbol, along with rising disposable income of consumers. China is one of the largest markets in this region owing to presence of numerous manufacturers and suppliers coupled with high purchasing power of consumers.
Europe was estimated at USD X million in 2017 and is projected to expand at a CAGR 5.9% from 2018 to 2030 due primarily on strong sales performance by Germany, Italy, France and U.K., which are considered as major jewelry producing countries within Europe region during past few years; whereas other European countries have been witnessing sluggish growth rates since last few years due mainly on economic slowdown post-recession coupled with political instability especially after Brexit decision taken by U.
Growth Factors:
- Increasing disposable income of consumers in developing countries: The growth of the platinum jewelry market is mainly driven by the increasing disposable income of consumers in developing countries. This is because as the standard of living improves, people are more likely to purchase luxury items such as platinum jewelry.
- Rising demand from emerging markets: Another key driver for the growth of the platinum jewelry market is rising demand from emerging markets, especially China and India. This is because as these economies continue to grow, more people have access to wealth and are looking to buy luxury items such as platinum jewelry.
- Growing popularity of branded products: A third factor driving growth in the platinum jewelry market is growing popularity of branded products among consumers worldwide. This trend can be attributed to changing consumer preferences towards high-quality and unique products offered by leading brands in this industry segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Platinum Jewelry Market Research Report
By Type
Necklaces, Earrings, Bracelets & Rings, Others
By Application
Collections, Wedding, Festive blessing, Fashion, Others
By Companies
Chow Tai Fook Jewelry Group, Richemont, Signet Jewellers, Swatch Group, Rajesh Exports, Lao Feng Xiang, Tiffany, Malabar Gold and Diamonds, LVMH Moet Hennessy, Shanghai Yuyuan, Daniel Swarovski Corporation, Chow Sang Sang, Luk Fook, Pandora, Titan, Stuller, Gitanjali Gems, Kingold Jewelry, Mingr, Graff Diamond, Caibai Jewelry, Damas International, Cuihua Gold, TSL Jewelry, CHJ, Chopard, Asian Star Company
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Platinum Jewelry Market Report Segments:
The global Platinum Jewelry market is segmented on the basis of:
Types
Necklaces, Earrings, Bracelets & Rings, 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
Collections, Wedding, Festive blessing, Fashion, 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:
- Chow Tai Fook Jewelry Group
- Richemont
- Signet Jewellers
- Swatch Group
- Rajesh Exports
- Lao Feng Xiang
- Tiffany
- Malabar Gold and Diamonds
- LVMH Moet Hennessy
- Shanghai Yuyuan
- Daniel Swarovski Corporation
- Chow Sang Sang
- Luk Fook
- Pandora
- Titan
- Stuller
- Gitanjali Gems
- Kingold Jewelry
- Mingr
- Graff Diamond
- Caibai Jewelry
- Damas International
- Cuihua Gold
- TSL Jewelry
- CHJ
- Chopard
- Asian Star Company
Highlights of The Platinum Jewelry 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:
- Necklaces
- Earrings
- Bracelets & Rings
- Others
- By Application:
- Collections
- Wedding
- Festive blessing
- Fashion
- 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 Platinum Jewelry 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
- Business Expansion Strategies
- 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?
Platinum jewelry is made of platinum, a precious metal that is not as abundant as other metals such as gold or silver. Platinum has a higher melting point than either gold or silver, meaning it can be cast into thin sheets and then cut into pieces to create jewelry. Because platinum does not corrode, it is often chosen for high-end jewelry because it will last longer than other metals.
Some of the major players in the platinum jewelry market are Chow Tai Fook Jewelry Group, Richemont, Signet Jewellers, Swatch Group, Rajesh Exports, Lao Feng Xiang, Tiffany, Malabar Gold and Diamonds, LVMH Moet Hennessy, Shanghai Yuyuan, Daniel Swarovski Corporation, Chow Sang Sang, Luk Fook, Pandora, Titan, Stuller, Gitanjali Gems, Kingold Jewelry, Mingr, Graff Diamond, Caibai Jewelry, Damas International, Cuihua Gold, TSL Jewelry, CHJ, Chopard, Asian Star Company.
The platinum jewelry market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Platinum Jewelry Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Platinum Jewelry Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Platinum Jewelry Market - Supply Chain
4.5. Global Platinum Jewelry Market Forecast
4.5.1. Platinum Jewelry Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Platinum Jewelry Market Size (000 Units) and Y-o-Y Growth
4.5.3. Platinum Jewelry Market Absolute $ Opportunity
5. Global Platinum Jewelry Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Platinum Jewelry Market Size and Volume Forecast by Type
5.3.1. Necklaces
5.3.2. Earrings
5.3.3. Bracelets & Rings
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Platinum Jewelry Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Platinum Jewelry Market Size and Volume Forecast by Application
6.3.1. Collections
6.3.2. Wedding
6.3.3. Festive blessing
6.3.4. Fashion
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Platinum Jewelry Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Platinum Jewelry Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Platinum Jewelry Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Platinum Jewelry Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Platinum Jewelry Demand Share Forecast, 2019-2026
9. North America Platinum Jewelry Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Platinum Jewelry Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Platinum Jewelry Market Size and Volume Forecast by Application
9.4.1. Collections
9.4.2. Wedding
9.4.3. Festive blessing
9.4.4. Fashion
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Platinum Jewelry Market Size and Volume Forecast by Type
9.7.1. Necklaces
9.7.2. Earrings
9.7.3. Bracelets & Rings
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Platinum Jewelry Demand Share Forecast, 2019-2026
10. Latin America Platinum Jewelry Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Platinum Jewelry Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Platinum Jewelry Market Size and Volume Forecast by Application
10.4.1. Collections
10.4.2. Wedding
10.4.3. Festive blessing
10.4.4. Fashion
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Platinum Jewelry Market Size and Volume Forecast by Type
10.7.1. Necklaces
10.7.2. Earrings
10.7.3. Bracelets & Rings
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Platinum Jewelry Demand Share Forecast, 2019-2026
11. Europe Platinum Jewelry Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Platinum Jewelry Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Platinum Jewelry Market Size and Volume Forecast by Application
11.4.1. Collections
11.4.2. Wedding
11.4.3. Festive blessing
11.4.4. Fashion
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Platinum Jewelry Market Size and Volume Forecast by Type
11.7.1. Necklaces
11.7.2. Earrings
11.7.3. Bracelets & Rings
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectios by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Platinum Jewelry Demand Share, 2019-2026
12. Asia Pacific Platinum Jewelry Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Platinum Jewelry Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Platinum Jewelry Market Size and Volume Forecast by Application
12.4.1. Collections
12.4.2. Wedding
12.4.3. Festive blessing
12.4.4. Fashion
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Platinum Jewelry Market Size and Volume Forecast by Type
12.7.1. Necklaces
12.7.2. Earrings
12.7.3. Bracelets & Rings
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Platinum Jewelry Demand Share, 2019-2026
13. Middle East & Africa Platinum Jewelry Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Platinum Jewelry Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Platinum Jewelry Market Size and Volume Forecast by Application
13.4.1. Collections
13.4.2. Wedding
13.4.3. Festive blessing
13.4.4. Fashion
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Platinum Jewelry Market Size and Volume Forecast by Type
13.7.1. Necklaces
13.7.2. Earrings
13.7.3. Bracelets & Rings
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Platinum Jewelry Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Platinum Jewelry Market: Market Share Analysis
14.2. Platinum Jewelry Distributors and Customers
14.3. Platinum Jewelry Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Chow Tai Fook Jewelry Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Richemont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Signet Jewellers
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Swatch Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Rajesh Exports
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lao Feng Xiang
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tiffany
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Malabar Gold and Diamonds
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. LVMH Moet Hennessy
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shanghai Yuyuan
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Daniel Swarovski Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Chow Sang Sang
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Luk Fook
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Pandora
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Titan
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Stuller
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Gitanjali Gems
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Kingold Jewelry
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Mingr
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Graff Diamond
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
