Further, key players of the online Jewelry Industry like Blue Nine Inc. Tiffany & co. , Signet Jeweler’s Limited, Sale Corporation, Jewelry Television, Ross-Simons and Ibid. Com are profiled. Geographical Coverage The U. S. China India Company Coverage Blue Nile Inc. Tiffany & Co. Sale Corporation Jewelry Television Ross-Simons Ibid. Com Executive Summary The Jewelry industry is global in nature due to geographic dispersion of its value- chain.
Mining of gems and precious metals primarily takes place in Africa, Canada, Australia and Russia; polishing and Jewelry manufacturing in developing economies like India, China and Turkey; retailing in the developed markets of the U. S. European Union, Japan and emerging nations like India and China. Online retailing or e-tailing of Jewelry does away with geographic boundaries with availability of Jewelry at Just a click away. Online Jewelry shopping is catching up fast and is performing better than its brick and mortar counterpart.
The growth of online Jewelry is driven by increasing internet penetration rates around the world, growth in high net worth individuals’ population and availability of lower online Jewelry prices. However, factors such as lack of touch and feel before buying Jewelry online, security risk and e-commerce sales tax are posing challenge to Roth of online Jewelry shopping. Major trends prevailing in the U. S. Jewelry market are strong engagement ring sales, shrink in number of Jewelry stores in the country, etc.
In the Chinese online Jewelry market, changing women’s position in the family, gift-giving culture, increasing westernizes and high appetite for luxury goods are some of the major market trends. Whereas, the Indian online jewelry industry has seen major PVC investments in online Jewelry stores in recent years. The US Online Jewelry Market: Overview The United States has been the world’s largest Jewelry market since several decades. The nation has traditionally supported a large and competitive domestic Jewelry industry, both real and costume.
The US has also been a principal market for Jewelry The US online Jewelry Market Size, 2007-EYE (IIS$ Billions) 2007 2008 2009 2010 2011 IEEE The US Online Jewelry Market Size Forecast, IEEE-EYE (IIS$ Billions) IEEE IEEE 201 E IEEE IEEE IEEE Market size of online Jewelry market of the US is expected to reach to US$ billions in the the market is due to ? year 2018, from US$ billions in 2012 by growing at a CRAG of……. Chinese Online Jewelry Market: Overview .. %. Growth in The China is one of the world’s leading markets when it comes to purchasing of jewelry, both online and offline.