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Latin America Jewellery Market Size, Share, Forecast: By Product: Necklace, Ring, Earrings, Charms and Bracelets, Others; By Material Type: Silver, Gold, Platinum, Diamond, Others; By Category: Branded, Unbranded; By Type: Real/Fine, Costume; By End Use; By Distribution Channel; Regional Analysis; Competitive Landscape; 2023-2028
Latin America Jewellery Market Outlook
The Latin America jewellery market size reached approximately USD 8.12 billion in 2022. The market is further projected to grow at a CAGR of 6.3% between 2023 and 2028, reaching a value of USD 11.72 billion by 2028.
Key Trends in the Market
Jewellery refers to decorative objects worn to enhance the appearance of the wearer. They are made up of semi-precious, precious, and cheap materials and metals and aid in aesthetically elevating the appearance of the outfit. They generally consist of rings, necklaces, bracelets, and earrings, among others.
- Increasing emphasis on physical appearance is aiding the Latin America jewellery market growth. Jewellery allows the individuals to express their personality and sense of style while adding elegance or flare to the outfit.
- The increasing popularity of social media platforms including Instagram, YouTube, and TikTok, among others is offering lucrative growth opportunities to the market. Various brands are collaborating with lifestyle and fashion influencers and content creators to broaden their consumer base.
- Availability of personalised and customised jewellery is supporting the market expansion. The growing desire for individuality and personal expression are boosting the popularity of customised jewellery items as their uniqueness reflects the personality of the wearer.
- The adoption of advanced technologies including augmented reality and 3D printing are boosting the market growth. These technologies allow the consumers to try on the product virtually and also aid the manufacturers with faster shipments.
Latin America Jewellery Market Analysis
On the basis of product, the market is divided into necklace, ring, earrings, and charms and bracelets, among others. Based on material type, the market is classified into silver, gold, platinum, and diamond, among others. On the basis of category, the market is bifurcated into branded and unbranded.
Based on type, the market is categorised into real/ fine and costume. On the basis of end use, the market is segregated into men and women. Based on distribution channel, the market is bifurcated into offline and online. On the basis of country, the Latin America jewellery market segmentation includes Brazil, Mexico, Argentina, and Chile, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Vivara Participacoes S.A
- Kering
- LVMH Moet Hennessy (Louis Vuitton)
- Compagnie Financière Richemont SA
- Pandora A/S
- Morana
- HStern Industria e Comercio SA
- Swarovski AG
- Pepe Dominguez Silver Jewelry
- Others
Market Share by Material Type
Diamonds are anticipated to account for a significant Latin America jewellery market share. This growth can be attributed to the rising disposable incomes and evolving fashion trends in the region. They have stunning attributes and physical properties due to their lucid colouring. They also have high thermal conductivity and solidity. The low availability of diamonds makes them a class commodity, representing a symbol of financial success and prosperity.
Market Share by Distribution Channel
Online distribution channels are expected to witness significant growth over the forecast period owing to the availability of better prices and cheap deals on various online retail and e-commerce platforms. Availability of a wide range of designs and styles across several online platforms is further boosting the Latin America jewellery market demand. The presence of after sales services enhances the customer experience as the dedicated team assists with any trouble with purchase and works on resolution as the earliest.
Competitive Landscape
Vivara Participacoes S.A is involved in the manufacture and sale of jewellery and have over 120 stores located in shopping mall. The company was founded in 1962 and is headquartered in Sao Paulo, Brazil. Vivara specialises in fragrances, watches, and accessories.
Kering, headquartered in Paris, France, specialises in the production of luxury goods including jewellery, clothes, bags, and shoes, among others. The company holds a portfolio of various prominent brands including Alexander McQueen, Balenciaga, and Gucci, among others.
LVMH Moet Hennessy (Louis Vuitton), headquarterd in Paris, France, is a multinational holding and conglomerate that specialises in luxury goods. The product portfolio of the company includes perfumes and cosmetics, fashion and leather goods, and wine and spirits, among others.
Other Latin America jewellery market key players include Compagnie Financiere Richemont SA, Pandora A/S, Morana, HStern Industria e Comercio SA, Swarovski AG, and Pepe Dominguez Silver Jewelry, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 Type |
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| Breakup by Category |
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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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 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 Global Contant Lenses Market Overview
8.1 Key Industry Highlights
8.2 Global Contant Lenses Historical Market (2018-2022)
8.3 Global Contant Lenses Market Forecast (2023-2028)
9 Latin America Jewellery Market Overview
9.1 Key Industry Highlights
9.2 Latin America Jewellery Historical Market (2018-2022)
9.3 Latin America Jewellery Market Forecast (2023-2028)
10 Latin America Jewellery Market by Product
10.1 Necklace
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Ring
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Earrings
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Charms and Bracelets
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Latin America Jewellery Market by Material Type
11.1 Silver
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Gold
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Platinum
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Diamond
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Others
12 Latin America Jewellery Market by Category
12.1 Branded
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Unbranded
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
13 Latin America Jewellery Market by Type
13.1 Real/Fine
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Costume
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
14 Latin America Jewellery Market by End Use
14.1 Men
14.1.1 Historical Trend (2018-2022)
14.1.2 Forecast Trend (2023-2028)
14.2 Women
14.2.1 Historical Trend (2018-2022)
14.2.2 Forecast Trend (2023-2028)
15 Latin America Jewellery Market by Distribution Channel
15.1 Offline
15.1.1 Historical Trend (2018-2022)
15.1.2 Forecast Trend (2023-2028)
15.2 Online
15.2.1 Historical Trend (2018-2022)
15.2.2 Forecast Trend (2023-2028)
16 Latin America Jewellery Market by Country
16.1 Brazil
16.1.1 Historical Trend (2018-2022)
16.1.2 Forecast Trend (2023-2028)
16.2 Mexico
16.2.1 Historical Trend (2018-2022)
16.2.2 Forecast Trend (2023-2028)
16.3 Argentina
16.3.1 Historical Trend (2018-2022)
16.3.2 Forecast Trend (2023-2028)
16.4 Chile
16.4.1 Historical Trend (2018-2022)
16.4.2 Forecast Trend (2023-2028)
16.5 Others
17 Market Dynamics
17.1 SWOT Analysis
17.1.1 Strengths
17.1.2 Weaknesses
17.1.3 Opportunities
17.1.4 Threats
17.2 Porter’s Five Forces Analysis
17.2.1 Supplier’s Power
17.2.2 Buyer’s Power
17.2.3 Threat of New Entrants
17.2.4 Degree of Rivalry
17.2.5 Threat of Substitutes
17.3 Key Indicators for Demand
17.4 Key Indicators for Price
18 Value Chain Analysis
19 Trade Data Analysis
19.1 Major Importing Countries
19.1.1 By Value
19.1.2 By Volume
19.2 Major Exporting Countries
19.2.1 By Value
19.2.2 By Volume
20 Competitive Landscape
20.1 Market Structure
20.2 Company Profiles
20.2.1 Vivara Participacoes S.A
20.2.1.1 Company Overview
20.2.1.2 Product Portfolio
20.2.1.3 Demographic Reach and Achievements
20.2.1.4 Certifications
20.2.2 Kering
20.2.2.1 Company Overview
20.2.2.2 Product Portfolio
20.2.2.3 Demographic Reach and Achievements
20.2.2.4 Certifications
20.2.3 LVMH Moet Hennessy (Louis Vuitton)
20.2.3.1 Company Overview
20.2.3.2 Product Portfolio
20.2.3.3 Demographic Reach and Achievements
20.2.3.4 Certifications
20.2.4 Compagnie Financiere Richemont SA
20.2.4.1 Company Overview
20.2.4.2 Product Portfolio
20.2.4.3 Demographic Reach and Achievements
20.2.4.4 Certifications
20.2.5 Pandora A/S
20.2.5.1 Company Overview
20.2.5.2 Product Portfolio
20.2.5.3 Demographic Reach and Achievements
20.2.5.4 Certifications
20.2.6 Morana
20.2.6.1 Company Overview
20.2.6.2 Product Portfolio
20.2.6.3 Demographic Reach and Achievements
20.2.6.4 Certifications
20.2.7 HStern Industria e Comercio SA
20.2.7.1 Company Overview
20.2.7.2 Product Portfolio
20.2.7.3 Demographic Reach and Achievements
20.2.7.4 Certifications
20.2.8 Swarovski AG
20.2.8.1 Company Overview
20.2.8.2 Product Portfolio
20.2.8.3 Demographic Reach and Achievements
20.2.8.4 Certifications
20.2.9 Pepe Dominguez Silver Jewelry
20.2.9.1 Company Overview
20.2.9.2 Product Portfolio
20.2.9.3 Demographic Reach and Achievements
20.2.9.4 Certifications
20.2.10 Others
21 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fintech Market: Key Industry Highlights, 2018 and 2028
2. Latin America Jewellery Market: Key Industry Highlights, 2018 and 2028
3. Latin America Jewellery Historical Market: Breakup by Product (USD Billion), 2018-2022
4. Latin America Jewellery Market Forecast: Breakup by Product (USD Billion), 2023-2028
5. Latin America Jewellery Historical Market: Breakup by Material Type (USD Billion), 2018-2022
6. Latin America Jewellery Market Forecast: Breakup by Material Type (USD Billion), 2023-2028
7. Latin America Jewellery Historical Market: Breakup by Category (USD Billion), 2018-2022
8. Latin America Jewellery Market Forecast: Breakup by Category (USD Billion), 2023-2028
9. Latin America Jewellery Historical Market: Breakup by Type (USD Billion), 2018-2022
10. Latin America Jewellery Market Forecast: Breakup by Type (USD Billion), 2023-2028
11. Latin America Jewellery Historical Market: Breakup by End Use (USD Billion), 2018-2022
12. Latin America Jewellery Market Forecast: Breakup by End Use (USD Billion), 2023-2028
13. Latin America Jewellery Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
14. Latin America Jewellery Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
15. Latin America Jewellery Historical Market: Breakup by Country (USD Billion), 2018-2022
16. Latin America Jewellery Market Forecast: Breakup by Country (USD Billion), 2023-2028
17. Latin America Jewellery Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 8.12 billion in 2022.
The market is projected to grow at a CAGR of 6.3% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 11.72 billion by 2028.
The major market drivers include adoption of advanced technologies including augmented reality and 3D printing and increasing product availability across various online distribution channels.
The key trends fuelling the growth of the market include availability of personalised and customised jewellery and increasing influence of social media platforms.
The major countries in the market are Brazil, Mexico, Argentina, and Chile, among others.
The significant products include necklace, ring, earrings, and charms and bracelets, among others.
The key players in the market are Vivara Participacoes S.A, Kering, LVMH Moet Hennessy (Louis Vuitton), Compagnie Financiere Richemont SA, Pandora A/S, Morana, HStern Industria e Comercio SA, Swarovski AG, and Pepe Dominguez Silver Jewelry, among others.
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