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Brazil is the largest diamond producer in Latin America, with the Braúna mine being the country’s biggest diamond mine. It is also a significant market for fine jewellery with a significant population having more income levels than other Latin American countries. Brazilian jewellery designers combine coloured stones, especially pastel gemstones such as blue topaz, to create attractive pieces of jewellery. Fashionable jewellery, such as dangling earrings, and jewellery that blends with nature are also very popular among Brazilian women.
Argentina is home to several fashion silver jewellery stores, offering diverse designs of necklaces, bangles, bracelets, and earrings. Additionally, Argentina is known for its finest silver globally, hence manufacturers procure high-quality silver from the country to manufacture 925 sterling silver, which is further used in jewellery and decorative items.
Latin America Jewellery Market Size
Latin America Jewellery Market Trends
Latin America Jewellery Market Share
Latin America Jewellery Companies
Latin America Jewellery Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of USD 8.58 million in 2023.
The market is estimated to grow at a CAGR of 6.4% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 14.96 million by 2032.
The key drivers of the market are increasing disposable incomes, growing technological advancements, and rising demand for personalised jewellery.
The major regional markets are Brazil, Argentina, Mexico, and Chile, among others.
The material types include gold, diamond, platinum, and silver, among others.
The various products include necklace, earrings, rings, and charms and bracelets, among others.
The key players in the market include Vivara Participações S.A, Kering, LVMH Moet Hennessy (Louis Vuitton), Compagnie Financière Richemont SA, Pandora A/S, Morana, HStern Indústria e Comércio SA, Swarovski Group, and Pepe Dominguez Silver Jewelry, among others.
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