Jewelry industry

Erin Flynn, award-winning fine jewelry designer, explains how the global jewelry industry expects to reach $459 billion by 2030

Erin Flynn, Founder of Erin Flynn Jewelry

Erin Flynn Jewelry

Estimates that the global jewelry market is expected to reach nearly $460 billion over the next ten years reflect the continued appetite and attraction for luxury accessories.

— Erin Flynn, Founder of Erin Flynn Fine Jewelry

LOS ANGELES, CA, USA, July 15, 2022 /EINPresswire.com/ — The Report “Jewellery Market Share, Size, Trends, Industry Analysis Report, By Product; By Material Type; By Category; By Distribution Channel; By Region; Segment Forecast, 2022- 2030” has been added to ResearchAndMarkets.com’s offering. The size of the global jewelry market is expected to reach $459.43 billion by 2030, according to a new study. The report provides a detailed overview of current market dynamics and provides analysis of future market growth.

“Estimates that the global jewelry market is expected to grow to nearly $460 billion over the next ten years reflect the continued appetite and attraction for luxury accessories,” said Erin Flynnfounder/owner of Fine Jewelry Erin Flynn, citing a recent study on industry growth trends. “While broader economic factors may play a role in consumer sentiment, overall demand tends to remain quite robust for jewelry across all categories and types, albeit with some variation in price and products. Event pieces, such as engagement or anniversary jewelry, no longer just dominate the market, everyday pieces – including more accessible personalized jewelry – are increasingly becoming the norm.”

Flynn then addressed the growing popularity of ornament-related jewelry. “Adornments such as bracelets, rings and necklaces, in particular, are on the rise in emerging markets, largely due to lifestyle factors, and with the rise in price of precious metal ornaments , they play a significant role in the size and growth of the industry expected by 2030,” Flynn continues. “Other developments, such as increased investment capital inflows, partnerships, and global expansion goals, are further fueling industry volumes.

Flynn concludes, “Additionally, we’re seeing technology help drive new approaches to functionality and design, such as with the antimicrobial jewelry launch test last year, as well as with production and distribution, as evidenced by cloud-based e-commerce. platforms organized specifically for the international jewelry market. Moreover, it is not only women’s interest in fashion consciousness that is driving demand, but also an increase in men’s interest and consumption, such as the predicted growth of men’s signature rings. . In this context, men’s cufflinks are something I focus on and promote in my own collection, reflecting the rise of parts and accessories aimed at men.

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