Japan Jewellery Market: Size, Trends and Forecast (2019-2023)
- Report Description Table of Contents
Scope of the Report
The report entitled “Japan Jewellery Market: Size, Trends and Forecast (2019-2023)” provides an in-depth analysis of the jewellery market in Japan including detailed description of market sizing and growth. The report provides analysis of the Japan jewellery market by value and by metals and stones. The report also provides detailed analysis of the Japan gold, diamond, platinum and other gems and jewellery market.
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall Japan jewellery market has also been forecasted for the period 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Jewellery refers to ornaments made from precious metals and stones. Various kinds of jewellery include necklaces, rings, earrings etc. Jewellery is mainly worn as an accessory to enhance the beauty of the human body. Various steps involved in jewellery manufacturing includes designing, casting, divestment, finishing, stone setting and rhodium plating. Jewellery is mainly used as an ornament but also serves as a mode of investment, particularly gold jewellery. It also serves a devotional purpose and is used to reflect different cultures and feelings. 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.
Japan jewellery market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2023). The market is expected to be driven by various growth enhancing factors such as the growing number of digital buyers, growing female labor force, increasing high net worth population, growing number of social network users, growing tourism industry etc. However, the market is not free from challenges that are hindering its growth. Some of the major challenges faced by the market are decreasing female population, declining marriages and cyber fraud.