UK Jewellery Market: By Product (Branded Jewellery, Unbranded Jewellery), By Sales Channel (Monobrand Stores, Multibrand Boutiques, Department Stores, Online Shops, Others), By Material (Gold, Platinum, Diamonds, Silver, and Others) and Country

 

UK Jewellery Market size valued USD 4,336 million in 2021 and poised to grow at significant CAGR of 13.1% during 2022-2028. Purchase of jewellery for special occasions, as gifts etc. increases the market for jewellery. Jewelry is made comprised of ornamental pieces or decorative things manufactured by sculpting and refining jewels or precious metals. Necklaces, rings, and bracelets, among other things, are used as personal ornaments. Depending on the type of metal or diamonds used, the price of the product may vary.More population, large consumer range, rise in financial standards are the key factors thriving the market in UK region. Introduction of latest designs, light weight ornaments also places an important role in the market. However, major jewellery manufacturers in UK faced an detain in their market share when compared to past 5 years as they failed to attract international costumers and are only depending on their domestic costumers. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed UK jewellery market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).