Global Platinum Jewellery Market, By Product Type (Rings, Necklaces, Earrings, Bracelets, And Others), Application (Men And Women), Distribution Channel (Specialty Stores, Online Retailers, And Others)., Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
The platinum jewellery market is expected to be growing at a growth rate of 5.4% in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the factors responsible for fostering the growth of platinum jewellery market. This rise in platinum jewellery market value can be attributed to the various factors such as increased focus of the product manufacturers on product innovations, growth and expansion of consumer shopping capacity especially in the developing economies, growing popularity of e-commerce platforms especially in the developing economies and increasing personal disposable income.
Due to its purity, rarity and strength, platinum is considered one of the most precious jewellery metals. The natural colour of platinum is silvery white and is said to be thirty times rarer than gold and purer when used in jewellery. To be as viable in jewellery as gold and silver. Platinum jewellery is rarely made from 100% pure platinum as it is often mixed with similar metals or other base metals. The higher the percentage of pure platinum the higher the value of the jewellery. .
Key factors for the platinum jewellery market are weddings and ritual purchases on special occasions, which are in high demand for platinum jewellery. Rings are expected to be the fastest growing segment in platinum, followed by earring and necklace sets.
The falling price of platinum jewellery in India is helping consumers move from 18k gold jewellery to platinum jewellery and it has become the metal of choice for jewellery suppliers.
The growth of the platinum jewelery market is likely to suffer from the sluggish economy in Europe and the high demand for gold.
This platinum jewellery market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on platinum jewellery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Platinum Jewellery Market Scope and Market Size
The platinum jewellery market is segmented on the basis of product type, distribution channel and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the platinum jewellery market can be classified into rings, necklaces, earrings, bracelets, and others. Others are further segmented into anklets, watches and others.
- On the basis of application, the platinum jewellery market can be divided into men and women.
- On the basis ?of distribution channel, the platinum jewellery market can be classified into specialty stores, online retailers, and others. Others are further segmented into brand outlets, independent vendors.
Platinum Jewellery Market Country Level Analysis
The platinum jewellery market is analysed and market size insights and trends are provided by country, product type, distribution channel and application as referenced above.
The countries covered in the platinum jewellery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America are expected to make up a significant portion of the platinum jewellery market due to the urban lifestyle, rising disposable income, and high spending in the regions. China powers platinum jewellery sales in the Asia Pacific region, and the region is one of the largest consumers of platinum jewellery. The popularity of platinum jewellery among brides is likely to increase in the coming years and is likely to be one of the top trends in the forecast period.
The country section of the platinum jewellery market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Platinum Jewellery Market Share Analysis
The platinum jewellery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to platinum jewellery market.
Some of the major players operating in the platinum jewellery market report are Harry Winston, Inc., Société Cartier, Van Cleef & Arpels, Buccellati Holding Italia, Tiffany & Co., Graff, Bulgari S.p.A, Piaget, Chopard, and Mikimoto AmericaPanasonic Corporation, Diamond Engineering Works., Rockwell Industries Limited, REMI GROUP., Elanpro and Star Scientific Instruments among others.