According to the 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 valued at USD 284.23 billion in the year 2020 and is expected to grow substantially during the period 2021-2026.
 

Soaring disposable income of the people in highly populated countries such as China and India, combined with a growing preference for high-end jewellery due to the upgraded lifestyle, perceived status, and sense of trust it provides, are factors driving the growth of global branded jewellery market.
 

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Based on product type, the ring segment is reckoned to account for a major market share over the course of the analysis period due to rising consumer demand for differently-shaped and colored rings, as well as the health benefits associated with wearing a ring.
 

In terms of distribution channel, the online store segment is predicted to expand exponentially during the forecast period as a result of various brands leveraging the online sales channel as well as the widespread adoption of online shopping, thanks to the Covid-19 pandemic.
 

From a regional standpoint, Asia Pacific branded jewellery market is poised to witness massive sales through 2026, because of the rise in middle-income group, coupled with the people's traditional values and beliefs. Furthermore, growing presence of key players is boosting regional industry development.
 

The competitive landscape of worldwide branded jewellery market is defined by companies such as Malabar Gold & Diamonds, Signet Jewelers Ltd., Chanel, Titan Company Limited, LVMH Moët Hennessy Louis Vuitton, Compagnie Financière Richemont S.A., Emperor Watch & Jewellery Limited, Le Petit-Fils de L.U. Chopard & Cie S.A., Chow Toi Fook Group, and Pandora A/S among others.