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Report
Latin America Jewellery Market Report and Forecast 2023-2028
Market Report I 2023-10-30 I 100 Pages I EMR Inc.
Latin America Jewellery Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the Latin American jewellery market attained a value of USD 8.12 billion in 2022. The market is estimated to grow at a CAGR of 6.3% during 2023-2028 to reach a value of USD 11.67 billion by 2028. Aided by an increasing disposable income, a strong cultural connection to jewellery, and the burgeoning e-commerce platforms, the market is expected to grow signficantly by 2028.
Jewellery in Latin America is more than a mere accessory. It holds deep cultural, historical, and emotional significance for its people. Ranging from gold to silver to gemstones, jewellery pieces often carry stories of heritage, passed down through generations, or mark important life events, such as weddings, anniversaries, or coming-of-age ceremonies.
As per the Latin America jewellery market analysis, the surge in disposable income in major Latin America economies like Brazil, Mexico, and Argentina has led to increased purchasing power among consumers. This economic upliftment has encouraged the populace to invest more in luxury items, with jewellery standing out as a prime choice, both for personal use and as an investment avenue.
In addition to traditional purchasing methods, the digital evolution has played a pivotal role in the Latin America jewellery market growth. The burgeoning e-commerce platforms, bolstered by seamless online transactions and innovative digital marketing strategies, have allowed consumers to explore a wide variety of jewellery designs from the comfort of their homes. This ease of access, coupled with the assurance of authenticity provided by prominent online jewellery vendors, has significantly boosted online jewellery sales in the region.
One of the crucial Latin America jewellery market trends stimulating market growth is the rising popularity of artisanal and handcrafted jewellery. The Latin American region, rich in its cultural tapestry, houses numerous local artisans who craft unique, bespoke jewellery pieces that resonate with cultural narratives and artistic expressions. As global consumers increasingly seek original and ethically made products, Latin America's handcrafted jewellery segment has garnered considerable international attention and demand.
Furthermore, Latin America's reputation as a prominent source of high-quality gemstones like emeralds, sapphires, and amethysts, has fortified its position in the global jewellery arena, further increasing the value of the Latin America jewellery market size. Brazil, in particular, stands out as a major exporter of gemstones, and this abundance of natural resources gives the region a competitive edge in crafting exquisite jewellery pieces that are in high demand both domestically and internationally.
Market Segmentation
The market can be divided based on product, material type, category, type, end use, distribution channel, and country.
Market Breakup by Product
- Necklace
- Ring
- Earrings
- Charms and Bracelets
- Others
Market Breakup by Material Type
- Silver
- Gold
- Platinum
- Diamond
- Others
Market Breakup by Category
- Branded
- Unbranded
Market Breakup by Type
- Real/Fine
- Costume
Market Breakup by End Use
- Men
- Women
Market Breakup by Distribution Channel
- Offline
- Online
Market Breakup by Country
- Brazil
- Mexico
- Argentina
- Chile
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the LATIN AMERICA jewellery market. Some of the major players explored in the report by Expert Market Research are as follows:
- Vivara Participacoes S.A
- Kering
- LVMH Moet Hennessy (Louis Vuitton)
- Compagnie Financiere Richemont SA
- Pandora A/S
- Morana
- HStern Industria e Comercio SA
- Swarovski AG
- Pepe Dominguez Silver Jewelry
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Contant Lenses Market Overview
8.1 Key Industry Highlights
8.2 Global Contant Lenses Historical Market (2018-2022)
8.3 Global Contant Lenses Market Forecast (2023-2028)
9 Latin America Jewellery Market Overview
9.1 Key Industry Highlights
9.2 Latin America Jewellery Historical Market (2018-2022)
9.3 Latin America Jewellery Market Forecast (2023-2028)
10 Latin America Jewellery Market by Product
10.1 Necklace
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Ring
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Earrings
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Charms and Bracelets
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Latin America Jewellery Market by Material Type
11.1 Silver
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Gold
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Platinum
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Diamond
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Others
12 Latin America Jewellery Market by Category
12.1 Branded
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Unbranded
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
13 Latin America Jewellery Market by Type
13.1 Real/Fine
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Costume
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
14 Latin America Jewellery Market by End Use
14.1 Men
14.1.1 Historical Trend (2018-2022)
14.1.2 Forecast Trend (2023-2028)
14.2 Women
14.2.1 Historical Trend (2018-2022)
14.2.2 Forecast Trend (2023-2028)
15 Latin America Jewellery Market by Distribution Channel
15.1 Offline
15.1.1 Historical Trend (2018-2022)
15.1.2 Forecast Trend (2023-2028)
15.2 Online
15.2.1 Historical Trend (2018-2022)
15.2.2 Forecast Trend (2023-2028)
16 Latin America Jewellery Market by Country
16.1 Brazil
16.1.1 Historical Trend (2018-2022)
16.1.2 Forecast Trend (2023-2028)
16.2 Mexico
16.2.1 Historical Trend (2018-2022)
16.2.2 Forecast Trend (2023-2028)
16.3 Argentina
16.3.1 Historical Trend (2018-2022)
16.3.2 Forecast Trend (2023-2028)
16.4 Chile
16.4.1 Historical Trend (2018-2022)
16.4.2 Forecast Trend (2023-2028)
16.5 Others
17 Market Dynamics
17.1 SWOT Analysis
17.1.1 Strengths
17.1.2 Weaknesses
17.1.3 Opportunities
17.1.4 Threats
17.2 Porter's Five Forces Analysis
17.2.1 Supplier's Power
17.2.2 Buyer's Power
17.2.3 Threat of New Entrants
17.2.4 Degree of Rivalry
17.2.5 Threat of Substitutes
17.3 Key Indicators for Demand
17.4 Key Indicators for Price
18 Value Chain Analysis
19 Trade Data Analysis
19.1 Major Importing Countries
19.1.1 By Value
19.1.2 By Volume
19.2 Major Exporting Countries
19.2.1 By Value
19.2.2 By Volume
20 Competitive Landscape
20.1 Market Structure
20.2 Company Profiles
20.2.1 Vivara Participacoes S.A
20.2.1.1 Company Overview
20.2.1.2 Product Portfolio
20.2.1.3 Demographic Reach and Achievements
20.2.1.4 Certifications
20.2.2 Kering
20.2.2.1 Company Overview
20.2.2.2 Product Portfolio
20.2.2.3 Demographic Reach and Achievements
20.2.2.4 Certifications
20.2.3 LVMH Moet Hennessy (Louis Vuitton)
20.2.3.1 Company Overview
20.2.3.2 Product Portfolio
20.2.3.3 Demographic Reach and Achievements
20.2.3.4 Certifications
20.2.4 Compagnie Financiere Richemont SA
20.2.4.1 Company Overview
20.2.4.2 Product Portfolio
20.2.4.3 Demographic Reach and Achievements
20.2.4.4 Certifications
20.2.5 Pandora A/S
20.2.5.1 Company Overview
20.2.5.2 Product Portfolio
20.2.5.3 Demographic Reach and Achievements
20.2.5.4 Certifications
20.2.6 Morana
20.2.6.1 Company Overview
20.2.6.2 Product Portfolio
20.2.6.3 Demographic Reach and Achievements
20.2.6.4 Certifications
20.2.7 HStern Industria e Comercio SA
20.2.7.1 Company Overview
20.2.7.2 Product Portfolio
20.2.7.3 Demographic Reach and Achievements
20.2.7.4 Certifications
20.2.8 Swarovski AG
20.2.8.1 Company Overview
20.2.8.2 Product Portfolio
20.2.8.3 Demographic Reach and Achievements
20.2.8.4 Certifications
20.2.9 Pepe Dominguez Silver Jewelry
20.2.9.1 Company Overview
20.2.9.2 Product Portfolio
20.2.9.3 Demographic Reach and Achievements
20.2.9.4 Certifications
20.2.10 Others
21 Key Trends and Developments in the Market
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