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Costume jewelry, a type of jewelry, is made of inexpensive materials compared to precious materials such as diamond, gold, platinum, and others such as gems and pearls. Costume jewelry is also known as fake jewelry, fashion jewelry, trinkets, imitation jewelry, and junk jewelry. It is manufactured using raw materials such as beads, metals, glass, synthetic stones, ivory, plastic, semi-precious stones, and others. Other raw materials used in manufacturing of costume jewelry are backings, pins, and fabricated metals. Pearls and semi-precious metals such as brass, silver, and aluminum, are also used in manufacturing of costume jewelry. Costume jewelry is popular particularly among women, corporate employees, and teenagers.

Fluctuating price of gold and rise in price of gold, diamond, and other precious materials are the key drivers of the costume jewelry market. Costume jewelry is cheaper than jewelry made of gold or other precious materials. Rise in fashion consciousness, adoption of western culture, and increase in disposable income of people are expected to drive the global costume jewelry market during the forecast period. Moreover, availability of trendy, colored stone jewelry and various types of costume jewelry at low price is anticipated to boost the demand for costume jewelry across the world in the next few years. Costume jewelry involves low maintenance cost and can be safely carried, which is not the case with real jewelry. These factors are expected to propel the growth of the market in the near future.

In addition, changes in lifestyle and inclination of people toward artistic appearance are anticipated to drive the growth of the global costume jewelry market during the forecast period. However, growing security concerns, particularly at airports, and rise in concerns associated with trade laws and imports and exports are expected to hamper the growth of global costume jewelry market. In addition, rise in prices of raw materials, owing to unorganized supply chain management, is anticipated to restrain the growth of the market during the forecast period. Nevertheless, costume jewelry, owing to its low cost of manufacturing, is likely to generate significant opportunities for the market players in the next few years.

The global costume jewelry market can be classified based on product, end-user, distribution channel, and region. Based on product, the market can be segmented into earrings, pendants, necklaces, anklets, brooches, finger rings, bangles, toe rings, and others such as bracelets, cufflinks, chains, studs, etc. In terms of end-user, the costume jewelry market can be categorized into women, men, and teenagers.

Based on distribution channel, the market can be classified into e-commerce websites, suppliers, retailers, distributors, supermarkets, hypermarkets, independent stores, specialty stores, and multi-brand boutiques. Based on region, the global costume jewelry market can be categorized into North America (the U.S., Canada, and Mexico), Europe (Italy, Germany, Russia, the U.K., Sweden, Spain, and Poland), Asia Pacific (India, Japan, China, New Zealand, Australia, and Southeast Asia), Middle East & Africa, and South America.

Major players operating in global costume jewelry market include Zara, The Colibri group, Swarovski Group, Swank Inc, PRADA, Buckley Jewellery Ltd, LVMH Mot Hennessy - Louis Vuitton, H.Stern Com & Ind.S.A., K&M Accessories, Cartier S.A, Halcyon Days, Billig Jewelers Inc., Hennes & Mauritz, Stuller Inc., Avon Products, H & M, Buckley London, Guess, Inc, Gianni Versac, and Giorgio Armani. These players are focused on improving their market position by expanding their distribution network. Manufacturers are enhancing their research and development capabilities and making efforts to improve the quality, packaging, and design of their products. They are also focusing on innovative products, such as, costume jewelry in various types, sizes, and shapes, raw materials, and attractive designs. This is likely to lead to the introduction of advanced products in the costume jewelry market during the forecast period.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Costume Jewelry Market

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