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Report
Latin America Jewellery Market Report and Forecast 2024-2032
Market Report I 2024-06-20 I 191 Pages I EMR Inc.
Latin America Jewellery Market Report and Forecast 2024-2032
Market outlook
According to the report by Expert Market Research (EMR), the Latin America jewellery market size reached a value of USD 8.55 million in 2023. Aided by the increasing demand for luxury goods and the growing influence of fashion trends, the market is projected to further grow at a CAGR of 6.4% between 2024 and 2032 to reach a value of USD 14.96 million by 2032.
Jewellery encompasses a wide range of items crafted from precious metals, gemstones, and other materials, worn for personal adornment. This includes rings, necklaces, bracelets, earrings, and watches, among others. Jewellery is often associated with wealth, prestige, and cultural significance, making it a popular choice for gifting and self-expression.
The increasing consumer preference for luxury goods is driving the Latin America jewellery market growth. With the rising disposable incomes and the growing middle class in the region, there is a significant demand for high-end jewellery items. Additionally, the increasing influence of Western fashion trends and the popularity of celebrity endorsements are further propelling the demand for luxury jewellery in Latin America.
The expanding applications of jewellery in various sectors also play a significant role in propelling the jewellery market. In the fashion sector, jewellery is used to enhance the aesthetic appeal of clothing and accessories. The integration of jewellery into fashion collections and the collaborations between jewellery designers and fashion brands are driving the market growth. Moreover, the growing trend of personalized and custom-made jewellery is contributing to the increasing popularity of jewellery items among consumers.
Moreover, advancements in jewellery design and manufacturing are driving innovation and development in the market. Manufacturers are continually introducing new and improved jewellery designs with enhanced features, such as intricate detailing, unique gemstone settings, and innovative metal alloys. These advancements are improving the appeal and desirability of jewellery, making them more attractive to consumers. Additionally, the development of sustainable and ethically sourced jewellery is further driving up the Latin America jewellery market share.
The regulatory environment in Latin America also plays a crucial role in shaping the jewellery market. Governments and regulatory bodies in the region are actively supporting the development and distribution of safe and high-quality jewellery products. For instance, various countries have introduced regulations and guidelines to ensure the quality and authenticity of precious metals and gemstones used in jewellery. These regulatory efforts are providing a favourable environment for the growth of the market.
Gold jewellery holds a significant share of the jewellery market in Latin America, driven by its cultural significance, timeless appeal, and status as a symbol of wealth and prestige. Gold jewellery includes a wide range of items such as rings, necklaces, bracelets, earrings, and watches, crafted from different types of gold, including yellow gold, white gold, and rose gold.
As per the Latin America jewellery market analysis, gold jewellery has a deep-rooted cultural and traditional significance in Latin American societies. It is often used in important ceremonies and celebrations such as weddings, baptisms, and festivals, making it a popular choice for gifting and personal adornment. Gold is considered a safe-haven asset and a hedge against inflation. The intrinsic value of gold jewellery makes it an attractive investment option for consumers. The rising gold prices and economic uncertainties are driving the demand for gold jewellery as a store of value. Gold jewellery is prized for its timeless beauty and versatility. The increasing influence of fashion trends and the popularity of celebrity endorsements are propelling the demand for stylish and trendy gold jewellery items.
Market Segmentation
The market can be divided based on product, material type, category, type, end use, distribution channel, and region
Market Breakup by Product
- Necklace
- Earrings
- Ring
- Charms and Bracelets
- Others
Market Breakup by Material Type
- Gold
- Diamond
- Platinum
- Silver
- Others
Market Breakup by Category
- Unbranded
- Branded
Market Breakup by Type
- Real/Fine
- Costume
Market Breakup by End Use
- Women
- Men
Market Breakup by Distribution Channel
- Offline
- Online
Market Breakup by Region
- 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 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 Group
- 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 (2018-2023)
8.3 Global Contant Lenses Market Forecast (2024-2032)
9 Latin America Jewellery Market Overview
9.1 Key Industry Highlights
9.2 Latin America Jewellery Historical Market (2018-2023)
9.3 Latin America Jewellery Market Forecast (2024-2032)
10 Latin America Jewellery Market by Product
10.1 Necklace
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Earrings
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Ring
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Charms and Bracelets
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Latin America Jewellery Market by Material Type
11.1 Gold
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Diamond
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Platinum
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Silver
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Latin America Jewellery Market by Category
12.1 Unbranded
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Branded
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Latin America Jewellery Market by Type
13.1 Real/Fine
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Costume
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Latin America Jewellery Market by End Use
14.1 Women
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Men
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 Latin America Jewellery Market by Distribution Channel
15.1 Offline
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Online
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
16 Latin America Jewellery Market by Country
16.1 Brazil
16.1.1 Historical Trend (2018-2023)
16.1.2 Forecast Trend (2024-2032)
16.2 Mexico
16.2.1 Historical Trend (2018-2023)
16.2.2 Forecast Trend (2024-2032)
16.3 Argentina
16.3.1 Historical Trend (2018-2023)
16.3.2 Forecast Trend (2024-2032)
16.4 Chile
16.4.1 Historical Trend (2018-2023)
16.4.2 Forecast Trend (2024-2032)
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 Group
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
List of Key Figures and Tables
1. Global Fintech Market: Key Industry Highlights, 2018 and 2032
2. Latin America Jewellery Market: Key Industry Highlights, 2018 and 2032
3. Latin America Jewellery Historical Market: Breakup by Product (USD Billion), 2018-2023
4. Latin America Jewellery Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. Latin America Jewellery Historical Market: Breakup by Material Type (USD Billion), 2018-2023
6. Latin America Jewellery Market Forecast: Breakup by Material Type (USD Billion), 2024-2032
7. Latin America Jewellery Historical Market: Breakup by Category (USD Billion), 2018-2023
8. Latin America Jewellery Market Forecast: Breakup by Category (USD Billion), 2024-2032
9. Latin America Jewellery Historical Market: Breakup by Type (USD Billion), 2018-2023
10. Latin America Jewellery Market Forecast: Breakup by Type (USD Billion), 2024-2032
11. Latin America Jewellery Historical Market: Breakup by End Use (USD Billion), 2018-2023
12. Latin America Jewellery Market Forecast: Breakup by End Use (USD Billion), 2024-2032
13. Latin America Jewellery Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
14. Latin America Jewellery Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
15. Latin America Jewellery Historical Market: Breakup by Country (USD Billion), 2018-2023
16. Latin America Jewellery Market Forecast: Breakup by Country (USD Billion), 2024-2032
17. Latin America Jewellery Market Structure
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