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Colombia Jewellery Market Size, Share, Growth, Analysis: By Product: Necklace, Ring, Earring, Bracelet, Others; By Material: Platinum, Gold, Diamond, Others; By End User: Men, Women, Children; By Distribution Channel: Online, Offline; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Colombia Jewellery Market Outlook
The Colombia jewellery market size is estimated to grow at a CAGR of 4.90% between 2024 and 2032.
Key Takeaways
- Colombia sources the majority of its gold jewellery from France, India, and Spain.
- Traditional distribution channels dominate the jewellery market due to their focus on the authenticity and genuity of the product.
- The demand for artificial or costume jewellery is also increasing owing to the growing consumer demand for different jewellery pieces for everyday wear to complement their outfit.
The Colombia jewellery market growth can be attributed to factors like the increasing disposable income, a growing desire for affordable costume jewellery, and the integration of advanced technology in jewellery manufacturing. Furthermore, the establishment of new jewellery stores in the region is playing a significant role in the jewellery market expansion in the country.
The jewellery market in Colombia is currently experiencing a surge in demand for handmade and personalised pieces. Colombian handmade jewellery has gained prominence in the global market due to several distinguishing factors. These include the utilisation of traditional techniques that contribute to the uniqueness of each piece, as well as the incorporation of Colombian cultural symbols. The country’s prominent designers celebrate the ancestral techniques of Colombian culture, discovering innovative ways to integrate the same into their design and jewellery collection.
Additionally, emerging technologies such as augmented reality (AR), 3D printing, and computer-aided design (CAD) are gaining traction within the jewellery sector. These advanced tools not only enable designers to produce one-of-a-kind, top-notch pieces that cater to the evolving preferences of their clientele but also facilitate quicker production processes. Furthermore, these technologies enhance the design phase, resulting in highly intricate and detailed jewellery creation that is challenging to achieve through traditional methods, consequently leading to the Colombia jewellery market development.
Market Segmentation
Colombia Jewellery Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Necklace
- Ring
- Earring
- Bracelet
- Others
Market Breakup by Material
- Platinum
- Gold
- Diamond
- Others
Market Breakup by End User
- Men
- Women
- Children
Market Breakup by Distribution Channel
- Online
- Offline
Competitive Landscape
The market participants are focusing on the ultilisation of cutting-edge technologies to ease the production process and increase efficiency.
- LVMH Moet Hennessy Louis Vuitton SE
- Chopard & Cie S.A.
- Cartier SA
- Industria de Diseño Textil, S.A. (Zara)
- CANO
- Bianhi Jewellery
- LaSierra Online Intl.
- DEORO JEWELLERY
- ETERNITY JOYERÍA
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Material |
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| Breakup by End User |
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| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Jewellery Market Overview
8.1 Key Industry Highlights
8.2 Latin America Jewellery Historical Market (2018-2023)
8.3 Latin America Jewellery Market Forecast (2024-2032)
9 Colombia Jewellery Market Overview
9.1 Key Industry Highlights
9.2 Colombia Jewellery Historical Market (2018-2023)
9.3 Colombia Jewellery Market Forecast (2024-2032)
10 Colombia Jewellery Market by Product
10.1 Necklace
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Ring
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Earring
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Bracelet
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Colombia Jewellery Market by Material
11.1 Platinum
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Gold
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Diamond
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Colombia Jewellery Market by End User
12.1 Men
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Women
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Children
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Colombia Jewellery Market by Distribution Channel
13.1 Online
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Offline
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 LVMH Moet Hennessy Louis Vuitton SE
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Chopard & Cie S.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Cartier SA
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Industria de Diseño Textil, S.A. (Zara)
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 CANO
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Bianhi Jewelry
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 LaSierra Online Intl.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 DEORO JEWELRY
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 ETERNITY JOYERÍA
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Jewellery Market: Key Industry Highlights, 2018 and 2032
2. Colombia Jewellery Market: Key Industry Highlights, 2018 and 2032
3. Colombia Jewellery Historical Market: Breakup by Product (USD Million), 2018-2023
4. Colombia Jewellery Market Forecast: Breakup by Product (USD Million), 2024-2032
5. Colombia Jewellery Historical Market: Breakup by Material (USD Million), 2018-2023
6. Colombia Jewellery Market Forecast: Breakup by Material (USD Million), 2024-2032
7. Colombia Jewellery Historical Market: Breakup by End User (USD Million), 2018-2023
8. Colombia Jewellery Market Forecast: Breakup by End User (USD Million), 2024-2032
9. Colombia Jewellery Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
10. Colombia Jewellery Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
11. Colombia Jewellery Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.90% between 2024 and 2032.
The market growth is driven by the improving living standards, rise in disposable incomes, and the introduction of innovative and appealing jewellery designs.
The market is experiencing significant growth due to the rising utilisation of advanced technology in jewellery manufacturing and the surge in online jewellery purchases.
The major products in the market are necklace, ring, earring, and bracelet, among others.
The major materials in the market are platinum, gold, and diamond, among others.
The major players in the market are LVMH Moet Hennessy Louis Vuitton SE, Chopard & Cie S.A., Cartier SA, Industria de Diseño Textil, S.A. (Zara), CANO, Bianhi Jewellery, LaSierra Online Intl., DEORO JEWELLERY, and ETERNITY JOYERÍA, among others.
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