Jewelry Market

  The global  Jewelry Market  size is expected to reach USD 462.56 Billion in 2028 and register a revenue CAGR of 5.3% over the forecast period, according to a latest report by Reports and Data. Market revenue growth is primarily driven by increase in consumer preference towards affordable and fashionable jewelry. Major changes in customer behavior and purchasing patterns and rising adoption of western lifestyle are other factors boosting revenue growth of the market. Shifting consumer preference towards lightweight and customized jewelry is also expected to boost popularity of distinct collections such as regular or daily wear, work wear and fashion wear. Growing customer base of wealthy class and upper-middle class in developing countries is expected to drive demand for jewelry. Rise in disposable income in countries such as India is another factor driving demand for jewelry. Manufacturers are increasingly investing in order to offer unique design jewelry with intricate details and f