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Gemstones such as Lucite and rhinestone are also included. When it comes to matching jewelry pieces for different events and outfits, the cost of buying gemstones, diamonds, and solid gold is prohibitively expensive, therefore customers are turning to fake jewelry to find a compromise between looking fashionable and staying within their budgets. In addition, rising trend awareness and increased acceptance of jewelry such as necklaces, rings, and bracelets among female consumers are propelling the imitation jewelry industry forward. Furthermore, the expansion of the imitation jewelry market is fueled by changes in jewelry packaging patterns. Imitation jewelry is a copy of beautiful jewelry that costs a fraction of the price. Due to rising demand, the imitation jewelry industry is expected to rise at a rapid pace throughout the forecast period.Â
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Top Impacting Factors
Globalization of brands, rising prices of gold and other costly stones and pearls, and increased demand for male costume jewelry are the key drivers of growth for the imitation jewelry market.
Rising raw material costs and the general subtle market of fashion jewelry are two of the biggest issues facing the imitation jewelry industry. The industry's fragmented supply chain for raw materials used in costume jewelry is also a key constraint, as it sometimes raises raw material prices.
The market's growth is being influenced by rapidly changing fashion trends. In the next years, however, rising fashion consciousness among teenagers and low-cost stylish jewelry are expected to improve the entire market.
Furthermore, quality tests of raw materials from local vendors take a long time, delaying delivery to the market. Despite the fact that there are strict regulations (especially in Western countries) regarding the type of metals used in jewelry, some cases have been reported in which a high percentage of hazardous chemicals, such as lead, chromium, and nickel, have been used.
Market Trends
3D printing's adoption in the imitation jewelry market is growing
Innovations in jewelry design Â
Key Benefits of the Report
Questions answered in the Report
Imitation Jewelry Market Report Highlights
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Key Market Players | Stuller, Inc, Swank, Inc, BaubleBar Inc, LOUIS VUITTON, Cartier, Billig Jewelers, Inc., Avon Product, Inc, Buckley Jewellery Limited, Laikeni, Chudong, Yurman Design, Inc., DCK Concessions |
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