Gold Jewelry Business Report 2024: Global Market to Reach $3.4.2 Billion by 2030, Driven by Surge in Demand for Lightweight and Everyday Wear Gold Jewelry [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
The global market for Gold Jewelry was estimated at US$206.6 Billion in 2023 and is projected to reach US$304.2 Billion by 2030, growing at a CAGR of 5.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The growth in the gold jewelry market is driven by several factors. Firstly, the growing disposable incomes and rising middle-class populations in emerging markets like China, India, and Southeast Asia have significantly increased the demand for gold jewelry, especially for traditional items like wedding sets and festive jewelry, which hold immense cultural significance. Secondly, the increasing adoption of digital channels is reshaping how consumers interact with gold jewelry brands. E-commerce platforms, virtual jewelry try-on technologies, and augmented reality tools have made it easier for consumers to explore collections, customize designs, and purchase jewelry o
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