Market Research Report Global jewellery Market Analysis

Positive Outlook for Global Luxury Jewellery Industry -Ken Research
Women constitute half the world’s population, the demand for jewellery is always there in
any geography or culture. And, going by the demand for luxury goods, the jewellery and
watches industry comes next to the apparel industry.
Report titled “ Global Luxury Jewelry Industry Situation and Prospects Research report 2017 ”forecasts
good growth for the luxury jewellery industry thanks to rising exports of jewellery from India
and China. In the economic growth of the developing countries including India,the jewellery
industry plays a vital role. It generates a lot of work for the people who are associated with it
apart from contributing substantially to the country’s GDP.
Government policies have a major effect on the luxury jewellery industry. Following the
establishment of the World Trade Organisation, the policies of governmentsthe world over
have become less restrictive. In fact, the countries, located in the same geographical region,
are creating free trade zones. Analysts at Ken Research believe that this could further
brighten the growth prospects of the luxury jewellery industry.
According to Ken Research, there is a rapid change in the industry’s dynamics, whether
brought about by government policies or diversification of products to attract the costumer. In
this scenario, identification of suitable global markets to offer their products will become
important for the companies in the luxury jewellery industry, says analysts at Ken Research.
Luxury jewellery is known for its profound designs and use of the finest and expensive raw
materials. What has added to the lure of luxury jewellery is the support it has received from
fashion business. Today luxury jewellery is marketed by top models of the fashion industry.
The integration of the luxury industry with the fashion and glamour industry has helped
create new market avenues for it.
The growth of any luxury product depends pretty much on the economic condition of people
and the countries they live in. Thanks to the good economic progress recorded by the
developing countries in recent years, demand for luxury goods including jewellery has been
rising steadily, and it augurs well for the future growth of the luxury jewellery industry.