China Jewellery Market Growth, Size, Trends, Demand, Revenue, Share and Future Competition
China Jewellery Market Size- By Type, By Product- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: FMCG23124 | Pages: 1 - 102 | Formats*: |
| Category : Consumer & Retail | |||
China Jewellery Market Introduction and Overview
According to SPER Market Research, the China Jewellery Market is estimated to reach USD 125.34 billion by 2033 with a CAGR of 7.73%.
The report includes an in-depth analysis of the China Jewellery Market, including market size and trends, product mix, applications, and supplier analysis. A personal adornment worn as an accessory to accentuate one's appearance is called jewellery. It is composed of metal and has priceless jewels in it. There are many different kinds of jewellery available, including bracelets, rings, earrings, and necklaces. A lot of people purchase it as a status symbol or as a long-term investment. One of the biggest pearl-producing nations in the world is thought to be China. In Chinese jewellery, pearls, turquoise, and coral are often used gemstones.
- January 2020: To expand its global network, Shanghai-based Jay Gems, a division of Renaissance Global, has teamed up with Lao Feng Xiang (LFX), a Chinese retailer of jewellery.
- June 2013: Earlier this year, CHJ Jewellery and Luk Fook Holdings (International) Ltd started buying smaller businesses outside of the jewellery sector. Fion, a bag firm with its headquarters in Hong Kong, was acquired by CHJ. Per the article, CHJ is becoming a multi-brand group, following in the footsteps of Gucci and Louis Vuitton.
Market Opportunities and Challenges
China's jewellery market is expanding due to a number of causes, including rising GDP per capita, an increase in internet customers, and an increase in foreign travel. In addition, the demand for jewels in China is rising due to the country's expanding female labour force. The bulk of the Chinese jewellery market is made up of women. Women make up sixty-three percent of jewellery buyers. Sales of jewellery are correlated with GDP, and as China's upper-class and affluent population grows, so will the country's jewellery consumption. Given that the majority of domestic Chinese jewellery enterprises have been in business for less than a century, their costs are more reasonable. Moreover, Tier II and Tier III cities' purchasing power is rising quickly. The outcome is an increase in demand for Chinese jewels. Furthermore, many companies are changing their promotion away from love in order to make up for the losses brought on by the reduction in marriages and weddings; as a result, technological developments and altered marketing tactics may spur growth in the China Jewellery Market. The desire of women to get diamonds is fostering the expansion of the China jewellery market, especially in China where women are more likely to purchase diamonds.
The market does, however, face certain difficulties that are impeding its expansion. The market faces several significant obstacles, including the decline in female labour force participation, the number of marriages reducing, and China's anti-graft drive. Chinese marriage has decreased as a result of the one-child policy, and as Chinese families prefer male kids, China has an excess of men, which is impeding the expansion of the China jewellery market. Moreover, the growth of the China Jewellery Market is anticipated to be hindered by the increasing prices of gold and silver. Additionally, growing e-commerce frauds and a lack of awareness regarding jewellery hallmarks are predicted to impede market expansion.
Market Competitive Landscape
The market of jewellery in China is highly competitive and there are many players that are domestic and international. Key players in the jewellery industry are aggressively pursuing calculated risks in order to fortify their positions and preserve a competitive advantage. In order to stand out in a crowded market, they are concentrating on product innovation and differentiation and allocating resources to research and development (R&D) in order to provide distinctive and exclusive designs that satisfy changing consumer tastes. The major players in the China Jewellery market include: Chow Sang Sang, Chow Tai Fook, Chow Tai Seng, Lao Miao, Laofengxiang, Luk Fook, Ming Jewellery, TSL, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Product |
| Regions covered | Belgium, France, Germany, Italy, Luxembourg, Netherlands, Russia, Spain, Switzerland, Turkey, U.K. and rest of Europe |
| Companies Covered | Chow Sang Sang, Chow Tai Fook, Chow Tai Seng, Lao Miao, Laofengxiang, Luk Fook, Ming Jewellery, TSL, Others |
COVID-19 Impact on China Jewellery Market
According to a study, COVID-19 has had a positive impact on jewellery sales, with customers saying in a recent survey that they bought more jewellery during the pandemic. In order to deal with the shifting market conditions, there has been a rise in investments in diamond jewellery as a result of the COVID-19 pandemic and government-imposed lockdowns.
Key Target Audience:
- Corporate Gifting
- Cultural and Traditional Segment
- Fashion Enthusiasts
- Wedding Market
- Women
- Young Professionals
- Others
Our in-depth analysis of the China Jewellery Market includes the following segments:
| By Type: |
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| By Product: |
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Key Topics Covered in the Report:
- China Jewellery Market Size (FY’2023-FY’2033)
- Overview of China Jewellery Market
- Segmentation of China Jewellery Market By Type (Diamond, Gold, Silver)
- Segmentation of China Jewellery Market By Product (Bangles, Cuff links, Earrings, Necklace, Rings, Others)
- Statistical Snap of China Jewellery Market
- Expansion Analysis of China Jewellery Market
- Problems and Obstacles in China Jewellery Market
- Competitive Landscape in the China Jewellery Market
- Impact of COVID-19 and Demonetization on China Jewellery Market
- Details on Current Investment in China Jewellery Market
- Competitive Analysis of China Jewellery Market
- Prominent Players in the China Jewellery Market
- SWOT Analysis of China Jewellery Market
- China Jewellery Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the China Jewellery Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. China Jewellery Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in China Jewellery Market
7. China Jewellery Market, By Type (USD Million)
7.1. China Jewellery Market Value Share and Forecast, By Type, 2023-20337.2. Diamond7.3. Gold7.4. Silver
8. China Jewellery Market, By Product (USD Million)
8.1. China Jewellery Market Value Share and Forecast, By Product, 2023-20338.2. Bangles8.3. Cuff links8.4. Earrings8.5. Necklace8.6. Rings8.7. Others
9. China Jewellery Market Forecast, 2019-2033 (USD Million)
9.1. China Jewellery Market Size and Market Share
10. China Jewellery Market, By Type, 2019-2033 (USD Million)
10.1. China Jewellery Market Size and Market Share By Type (2019-2026)10.2. China Jewellery Market Size and Market Share By Type (2027-2033)
11. China Jewellery Market, By Product, 2019-2033 (USD Million)
11.1. China Jewellery Market Size and Market Share By Product (2019-2026)11.2. China Jewellery Market Size and Market Share By Product (2027-2033)
12. China Jewellery Market, By Region, 2019-2033 (USD Million)
12.1. China Jewellery Market Size and Market Share By Region (2019-2026)12.2. China Jewellery Market Size and Market Share By Region (2027-2033)12.3. East China12.4. North and Northeast China12.5. Northwest China12.6. South Central China12.7. Southwest China
13. Company Profile
13.1. Chow Sang Sang13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Chow Tai Fook13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Chow Tai Seng13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Lao Miao13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Laofengxiang13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Luk Fook13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Ming Jewellery13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. TSL13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
China Jewellery Market is projected to reach USD 18.60 billion by 2033, growing at a CAGR of 7.73% during the forecast period.
China Jewellery Market grew in market size from 2023. The Market is expected to reach USD 18.60 billion by 2033, at a CAGR of 7.73% during the forecast period.
China Jewellery Market CAGR of 7.73% during the forecast period.
"You can get the sample pages by clicking the link -Click Here"
China Jewellery Market size is USD 18.60 billion from 2023 to 2033.
China Jewellery Market Segment is Covered By Type, By Product
The Asia-Pacific region is anticipated to have the highest market share in China Jewellery Market.
The key players in the market include Companies Covered Chow Sang Sang, Chow Tai Fook, Chow Tai Seng, Lao Miao, Laofengxiang, Luk Fook, Ming Jewellery, TSL, Others
It is composed of metal and has priceless jewels in it. There are many different kinds of jewellery available, including bracelets, rings, earrings, and necklaces.
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