According to the research report titled ‘Global Branded Jewellery Market - Analysis By Material (Diamond, Gold, Silver, Platinum), Product Type, Distribution Channel, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of Covid-19 (2021-2026)’, available with MarketStudyReport, global branded jewellery market was worth USD 284.23 billion in 2020 and is anticipated to grow substantially through 2026.

Increased disposable income of individuals, growing inclination towards high-end jewelry which conveys a sense of perceived status, trust in brands, surging online sales, and an enhanced lifestyle are the major growth contributors for global branded jewellery market.

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The advent of COVID-19 pandemic has positively impacted the industry, due to expanding usage of online sales channel.

Based on material type, the market is divided into platinum, silver, diamond, and gold.

In terms of product type, the industry is branched into earring, ring, necklace, and others. Among these, ring segment is anticipated to hold major shares during the forecast period, because of cognizance about several health benefits associated with wearing ring. Also, launch of enticing design collections by brands is also adding to the product sales.

On the basis of distribution channel, the marketplace is split into offline stores and online store. Out of which, online stores have gained significant traction in the recent past, owing to the outbreak of pandemic, which bolstered online shopping.

Regionally, worldwide branded jewellery market spans across North America (U.S., Canada), Middle East & Africa (UAE), Latin America (Brazil), Europe (UK, Italy, Germany), and Asia Pacific (India, Japan, China).

Among these, Asia Pacific market is predicted to hold substantial revenue share over the analysis timeframe, owing to growing middle class sticking to traditional values and beliefs, as well as growing spending power among the urban population, dense populace in countries like India and China, and presence of significant players in the region.

Competitively speaking, Le Petit-Fils de L.U. Chopard & Cie S.A., Malabar Gold and Diamonds, Chanel, Emperor Watch & Jewellery Ltd., Titan Company Limited, Signet Jewelers Ltd., Chow Tai Fook Jewellery Group Limited, Pandora A/S, LVMH Moët Hennessy Louis Vuitton, and Compagnie Financière Richemont S.A. are the leading players in global branded jewellery market. The industry is highly fragmented, with the top five or six competitors holding roughly 20% of the market share.