Japan Jewelry Market Value - By Product Type (Earring, Bracelet, Necklace, Ring, and Others), By Material (Diamond, Gold, Platinum, and Others), By End-user (Men and Women), and By Industry Analysis, Market Size, Share & Forecast, 2023 – 2032

MVI Statistics and Viewpoints:

• Japan Jewelry Market size exceeded USD 8.5 Billion in 2022. 
• The market is expected to showcase a CAGR of over 3.4% from 2023 to 2032. 
• By the end of the forecast period, the market is anticipated to reach a valuation of around USD 11.7 Billion.

Key players in the Japan market include well-known international luxury brands, as well as local jewelry manufacturers, wholesalers, and retailers. These companies offer a wide range of products, from intricately designed diamond and precious gemstone jewelry to contemporary fashion jewelry made from alternative materials.

To get more info about this report - 

Market Overview:

A personal ornament worn as an accessory to enhance the beauty of the human body is referred to as jewelry. It is made of metals and may contain precious jewels. Necklaces, earrings, rings, and bracelets are among the various types of jewelry available. It is frequently used as a model of long-term investment or as a status symbol. People with a high income prefer branded and premium luxury products such as precious jewels such as diamonds and platinum, whereas the middle-class population prefers gold and silver. 

The Japan jewelry market is in increasing demand due to various supporting factors such as declining gold and silver prices, a growing number of digital buyers, rising GDP per capita, growing female workforce population, increasing middle-class population, growing number of social media users, rising urban population, growing high net worth individuals (HNWI) population, growth of international tourism, and escalating retail e-commerce sales. 

Furthermore, the market has been boosted by high demand during special occasions, growing importance for brands and designs, an emerging market for men's diamond jewelry in japan, and innovative options in daily wear diamond jewelry in japan. However, a declining female population, declining marriages, cyber fraud, and low millennial spending are some of the challenges that may limit the market's growth. 

To get more info about this report - 

Drivers:

• A lot of disposable income: Japan has a high standard of living and a prosperous economy, which means that its citizens have more disposable income. This allows people to set aside a portion of their earnings for luxury items like jewelry. Rising disposable income levels contribute to the growth of the jewelry industry because consumers can afford to buy high-quality pieces. 
   
• Omni channel and online retailing: The rise of e-commerce and online shopping platforms has had a significant impact on the Japanese market. Customers now have access to a broader selection of jewelry options as well as the convenience of online purchasing. Many traditional brick-and-mortar retailers have also adopted omni channel strategies, providing a unified shopping experience across online and offline channels, boosting market growth even further.
   
• Wedding Jewelry: Weddings are important events in Japan, and bridal jewelry is especially important. Couples planning their weddings are looking for engagement rings, wedding bands, and other jewelry pieces. The focus on bridal jewelry increases the demand for high-quality, intricately designed pieces.

By Product Type Synopsys:

To get more info about this report -                      

The Japan market is classified by product type into earring, bracelet, necklace, ring, and others. Among these segments, the ring segment is expected to hold the largest share of the Japan jewelry industry during the forecast period. Ring vendors have responded to increased customer demand for personalized products by offering a variety of personalization options. Rising demand for engagement and wedding rings, as well as increased demand for corporate attire, are driving increased ring sales in Japan. Increased ring sales among male customers have been a notable market development in recent years.

By Material Synopsys:    

The Japan market is classified by material into diamond, gold, platinum, and others. Among these segments, the gold segment is expected to hold the largest share of the Japan jewelry Market during the forecast period. Gold jewelry is highly valued and holds cultural significance in Japanese culture. In Japan, gold jewelry is frequently adorned with intricate designs and craftsmanship. The market has a wide selection of gold jewelry, including rings, necklaces, bracelets, and earrings. Traditional Japanese motifs and kimonos are frequently incorporated into gold jewelry, reflecting the country's rich heritage. Yellow and white gold are both popular choices among Japanese consumers.

Top Companies Includes In The Japan Jewelry Landscape:

• AHKAH
• Vandome Aoyama
• Tanaka Galvanizing
• Kaji Jewellery Art
• MIKIMOTO
• Tasaki
• NIWAKA
• STARJEWERLY
• Ponte Vecchio
• COCOSHNIK
• Fujimori
• MARUZEN
• Nikka Seiko 
• Others

To get more info about this report - 

In-depth analysis of Japan Jewelry Market along with industry coverage and forecasting for the following segments:

Market Size, By Product Type

• Earring
• Bracelet
• Necklace
• Ring
• Others

Market Size, By Material

• Diamond
• Gold
• Platinum
• Others

Market Size, By End-user

• Men
• Women