The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global jewelry and silverware market is predicted to rise from $210.22 billion in 2022 to $224.13 billion in 2023, with a 6.6% CAGR. By 2027, it’s expected to reach $282.61 billion, growing at a 6.0% CAGR.

What will drive the jewelry and silverware market?
Rising weddings boost the jewelry and silverware market, driven by demand for gold, silver, diamonds, and bridal jewelry due to lavish wedding spending.

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Who are the major players in the market?
Major companies in the jewelry and silverware market include Rajesh Exports, Compagnie Financiere Richemont SA, Tiffany & Co., Pandora A/S, Berkshire Hathaway Inc., the swatch group, Christian Dior SE, Kering SA, and James Avery Craftsman Inc.

Which trend is gaining popularity in the jewelry and silverware market?
Jewelry and silverware makers embrace CAD software for precise measurements. CAD aids engineers and architects in creating accurate object drawings. Its use in jewelry crafting allows easy customization as per customer needs, reducing costs by creating and replicating virtual models during production.

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How is the jewelry and silverware market segmented?
Global Jewelry And Silverware Market Segments Include:

• By Type: Jewelry, Silverware
• By Distribution Channel: Online Stores, Speciality Stores, Hypermarkets, Other Distribution Channels
• By End-User Sex: Men, Women
• 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 silverware market in 2021.

The Jewelry And Silverware Global Market Report 2023  provides an overview of the jewelry and silverware market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The jewelry and silverware market forecast analyzes jewelry and silverware market size, jewelry and silverware market share, leading competitor and their market positions.

Jewelry and silverware encompass personal adornments and silver home items, like cutlery and dishes. They serve for crafting and enhancing jewelry, novelties, precious metal flatware, coin stamping, stone work, and polishing.

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