Costume Jewellery Industry Overview

Global Industry Overview

The global costume jewellery industry is rapidly expanding and estimated to be over US$ 26 billion. USA is the main consuming market, while Italyis the largest country on the supply side, followed by China in the Asian Continent. The change in customer preference from fine jewellery to relatively in expensive but equally flashy costume jewellery is one of the prime reasons for the growth. Change in demographics is another major reason for the rising demand of costume jewellery. Some of the Major Players Contributing to the Global Production of costume jewellery are:

The Indian costume jewellery industry is also witnessing a sharp rise in the demand for domestic consumption and exports. Price is the most important factor contributing to the success of the costume jewellery industry. The jewellery pieces are manufactured by skilled artisans using the finest quality materials and are attractively designed. The country also has the requisite infrastructural facilities for ensuring the success of the industry. Both local manufacturers and leading brands are venturing into costume and imitation jewellery to cash on the flourishing market.

Rajasthan, Uttarpradesh, Gujarat are some of the main states manufacturing attractive pieces of jewellery using a variety of semi precious stones, metals and other materials.

Major Export Countries