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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Jewellery Market Trends
The popularity of online shopping in Latin America is rising, owing to a surge in usage of smartphones, increased internet penetration, and growth in personal income. The expanding e-commerce and online shopping sector helps jewellery manufacturers reach a wider audience beyond their geographical boundaries.
Consumers are increasingly seeking unique and personalised jewellery options that meet their individual needs and taste. The customised jewellery trend is further receiving a boost as consumers get influenced by celebrities wearing jewellery with engraved names and charms. By offering an option to customise jewellery, small businesses can increase their market share.
Consumers across Latin American countries, such as Brazil, are increasingly becoming conscious of the environmental and social impact of their jewellery. As a result, jewellery companies that adopt sustainable practices, such as using upcycled gold and ethically sourced gemstones, can differentiate themselves and attract eco-conscious consumers.
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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