Global Precious Jewelry Market to Cross $213 Billion in 2010, According to New Report by Global Industry Analysts, Inc.

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Global jewelry industry is expected to grow steadily in future, in light of changing customer attitudes, increasing metal prices, and altering economic and political environment across the key world economies. With growth in developing economies of China, Russia, and India offering significant potential with rising consumer spending power, global precious jewelry market is projected to reach $213 billion in 2010.

Jewelry, Precious: A Global Strategic Business Report

Jewelry purchases are discretionary and largely affected by changing consumer tastes. Quality and design remain an important criterion for impulse and intended purchases. Growing number of working women and improving disposable incomes in developing nations provide a favorable outlook for the Precious jewelry market. Besides this, other factors buoying market growth are novel promotional initiatives undertaken by international entities such as De Beers, Platinum Guild International, and World Gold Council to improve worldwide jewelry sales.

United States represents the largest market for precious jewelry with over 30% share, as stated by Global Industry Analysts, Inc. Asia-Pacific and the Middle East represent the fastest growing markets, with a CAGRs above 5% for the period 2001-2010. Analyzing by product segment, gold jewelry represents the largest segment with a market size of $77 billion in 2007. India stands as the largest gold market internationally in terms of tonnage, while the United States ranks as the largest gold jewelry market globally in terms of retail value.

Diamond jewelry offers the highest margins for jewelry retailers compared to other precious metal jewelry. Rising economies and newly developing markets of India and China are expected to add more sheen to diamond jewelry market across the globe. Growth is also expected to stem from oil-producing countries.

Record prices in the global platinum market displayed a negative impact over Platinum jewelry. The market also faces strong competition from white gold and palladium. Jewelry is the largest end-use segment for platinum. In US, Europe, and Japan, the metal is associated with bridal jewelry.
Leading players in the global precious jewelry market include Aurafin Oro America, Bulgari, Christian Bernard Diffusion, Egana Jewellery& Pearls Ltd., HMS Jewelry Co., LJ International Inc, Suraj Diamonds and Jewelry Ltd, Titan Industries Limited, Michael Anthony Jewelers Inc, Richemont Group, Tiffany & Co., Topaz Group Inc, and UNOAERRE.

The report titled "Jewelry, Precious: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides comprehensive analysis of gold, diamond and platinum jewelry with detailed trends at both global and regional level. A peek into established and emerging market trends across each product category is separately discussed along with production and pricing trends. Historic perspective over the period 1991-2000 is also provided in the study. The report profiles leading players operating in the global and regional markets. The new analysis reviews recent strategic corporate activity, and product introductions of leading market participants. Regional markets covered include US, Canada, Japan, Europe, Asia-Pacific, the Middle East and Latin America

For more details about this research report, please visit http://www.strategyr.com/Precious_Jewelry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.StrategyR.com

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