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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Jewellery Market Size
The Latin America jewellery market size was around USD 8.58 million in 2023. The market is estimated to grow at a CAGR of 6.4% during 2024-2032 to reach a value of USD 14.96 million by 2032.
Key Takeaways
- Colombia accounts for 70% to 90% of the world's emerald resources.
- Brazil is recognised as one of the significant countries for providing world-class gemstones including amethyst, ruby, citrine, diamond, sapphire, aquamarine, emerald, quartz, and topaz, among others.
- There is a presence of skilled artisans offering unique and handmade pieces of jewellery in Latin America, allowing consumers to experiment with new designs.
The rich jewellery craftsmanship in the region provides customers with pieces that cater to their preferences. Additionally, jewellery made of gold, jade, shells, and feathers holds cultural significance in the region.
In order to distinguish themselves from their competitors and attract environmentally conscious consumers, manufacturers are attempting to embrace sustainable production practices. They are also using upcycled gold and ethically sourced gemstones to enhance the sustainability of jewellery production.
Latin America Jewellery Market Report Snapshots
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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Key Questions Answered in the Report
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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