Thailand Luxury Jewellery Retail Market, Thailand Precious Stones Market - Ken Research
Thailand’s gem and jewelry industry tops the
global charts in terms of possessing markets with the greatest potential in the
world as the kingdom is gifted with expert craftsmen (which is usually a
priority in this market) along with locally sourced precious gemstone resources
such as sapphires, rubies etc. Apart from these polished and colored stones,
the country has expanded into a flourishing trade in finished gold and silver
jewellery, unwrought or semi-manufactured gold and diamonds, pearls and semi-precious
stones, synthetic stones and scrap of precious metals as well.
These key factors such as excellent quality
artisanship, sizable population of skilled workers and easy availability of
natural resources give the industry a positive edge to rise and develop.
The jewellery market in Thailand cannot
compete neck to neck with powerhouses like India or China in terms of the huge
number of goods produced or exported, so it competes on the grounds of quality
of the products and services and Thailand jewellery industry has built a name
for itself globally for high quality labour in colored stones quality
improvement, casting, moulding, gem setting (especially the pieces with
intricate details).
According to the report titled “Luxury Jewellery in Thailand”, the luxury
jewellery market in Thailand has recorded a high growth rate, with a record
high sales value. This positive temperament of consumers for the luxury
jewellery industry can be attributed to the overall improvement in Thailand’s
economy and the efforts that the brands in the existing market-sphere have put
in. This market growth in luxury jewellery has especially been supported by the
luxury fine jewellery where brands have hosted exhibitions and showcases,
strengthening awareness about brands and thus managed to drive consumer demand
by piquing their interests.
This report covers the categories of the
luxury fine jewellery and luxury costume jewellery to provide a gainful insight
into the luxury jewellery market by analyzing the shape and size of the market,
enabling identification of the sectors that are driving the growth and a peek
into the competitive landscape of the Thai luxury jewellery market with a focus
on the leading companies and brands operating in the market along with their
market shares and data of distribution.
By the end of 2015, the market was driven by
declining gold prices resulting in increased number of Thai citizens spending
to purchase gold jewellery for gifts, investment purposes and for
self-consumption and while prices have been observed to pick up in 2016, they
have still been on a downward trend. The competitive landscape in Thai luxury
jewellery market is very fragmented due to a large number of independent
jewellery shops and the sale of unbranded jewellery.
Fine jewellery is expected to remain the
major purchase for events and various celebrations. Changing fashion trends in
Thailand and exposure to global fashion trends are expected to fuel the
increase in purchase of costume jewellery.
Key
Topics Covered in the Report:
Thailand Luxury Jewellery Market Research
Report
Thailand Luxury Jewellery Industry Analysis
Thailand Luxury Jewellery Market Size
Thailand Luxury Jewellery Market Trends
Thailand Luxury Jewellery Retail Market
Thailand Luxury Jewellery Production Output
Thailand Imitation Jewellery Market Report
Thailand Luxury Jewellery Market Future
Outlook
Thailand Luxury Jewellery Market Competition
Thailand Precious Jewellery Market Research
Thailand Precious Jewellery Market
Competition
Asia Pacific Precious Jewellery Market
Thailand Imitation Jewellery Market Research
Thailand Precious Stones Market
Thailand Gold Ornaments Market
For
further reading click on the link below:
Related
reports:
Contact:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-124-4230204
Post Your Ad Here
Comments