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Rising interest in purchasing jewellery for a higher return on investment (ROI) is likely to promote innovation in jewellery and watch store manufacturing, propelling the market over the forecast period.

The global jewelry and watch stores market is expected to grow from $160 billion in 2022 to $169.81 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The global jewellery and watch stores market is expected to reach $200.65 billion in 2027 at a CAGR of 4.3%.

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Global Jewelry And Watch Stores Market Segments Include:

• By Product: Necklace, Ring, Earrings, Bracelet, Other Products
• By Category: Branded, Unbranded
• By Material Type: Silver, Gold, Platinum, Diamond, Other Materials
• By Price Range: Low Range, Mid-range, Luxury
• By End-User: Women, Men, Unisex
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global jewelry and watch stores market in 2021.

Major Market Players in the jewelry and watch stores market include LVMH Group, Pandora’s Art Jewellery, Swarovski, The Swatch Group Ltd, Fossil Group Inc., Seiko Holdings Corporation, Rolex, Casio America Inc., Buccellati, Cartier SA.

Technological developments are a prominent trend in the jewellery and watch retail business. To maintain their market position, major enterprises in the jewellery and watch retail market are implementing innovative technology. Perfect Corp, a China-based beauty tech solutions supplier, for example, unveiled a new AR try-on technology in February 2022, allowing clients to virtually try on rings and bracelets online. This technique gives a “hyper-realistic virtual try-on experience” for watches, rings, and bracelets by teaching the hand tracking software with a variety of movements, textures, skin tones, hand and finger sizes, and 3D hand models. Furthermore, the technology will provide fine jewellery manufacturers with a new way to personalise and communicate with customers throughout the online purchasing cycle.

The Jewelry And Watch Stores Global Market Report 2023  provides a jewelry and watch stores market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The jewelry and watch stores market forecast analyzes jewelry and watch stores market size, jewelry and watch stores market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

jewels and watch stores are establishments or businesses that deal with the purchasing and selling of jewels and watches. They offer a variety of services such as remodelling and repair for various types of jewellery and timepieces.

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