With a projected valuation of USD 23.83 billion in 2022, The Imitation Jewelry Market is anticipated to expand at a compound annual growth rate (CAGR) of 3.2%. Jewellery composed of less expensive materials, like base metals, glass, and plastic, but meant to resemble more expensive counterparts is referred to as imitation jewellery. These pieces are frequently designed to resemble valuable gemstones like sapphires, rubies, and diamonds as well as valuable metals like gold, silver, and platinum.
There is a vast array of types and designs of imitation jewellery, ranging from old and classic to current and trendy. It can be purchased from a variety of retail establishments, such as department stores, internet merchants, and specialized jewellery shops.
Many people like to wear imitation jewellery since it gives them the appearance of fine jewellery at a lower cost. It is also frequently used as a fashion item, enabling people to quickly and cheaply adjust their look to reflect the newest styles and trends.
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Distribution Channel Insights
Online marketplaces and e-commerce websites are examples of non-store based distribution methods. Customers may simply compare products and prices and enjoy the ease of buying whenever and from anyplace with these channels. The rise of e-commerce and technological advancements have led to an increase in the popularity of online channels in recent years.
Supermarkets, hypermarkets, jewellery stores, and specialized stores are examples of store-based distribution channels. Customers can physically handle and try on jewellery through these channels before making a purchase, giving them a more customized and tactile experience. Repairs and customization are examples of extra services that store-based channels might provide.
Market Segmental Analysis
By End Use
Men
Women
Unisex
By Product Type
Necklaces and Chains
Earrings
Rings
Bracelets
Cufflinks and Studs
By Distribution Channel
Store-based
Non-Store based
Key Companies
DCK Concessions, Yurman Design, Inc., LOUIS VUITTON, Avon Product Inc., Swank, Inc. Cartier, Buckley Jewellery Limited, Billig Jewelers, Inc., BaubleBar Inc., Stuller, Inc., and Gianni Versace S.p.A.
Country Scope
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
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