Global Online Jewelry Market-Focus on the U.S., China and India: Trends & Opportunities (2013-2018)
Description- Executive Summary The J ewelry industry is global in nature due to geographic dispersion of its value-chain. Mining of gems and precious metals primarily takes place in Africa, Canada, Australia and Russia; polishing and manufacturing in developing economies like India, China and Turkey; retailing in the developed markets of the U.S., European Union, Japan and emerging nations like India and China. Online retailing or e-tailing of jewelry does away with geographic boundaries with availability of jewelry at just a click away. Online jewelry shopping is catching up fast and is performing better than its brick and mortar counterpart. The growth of online jewelry is driven by increasing internet penetration rates around the world, growth in high net worth individuals’ population and availability of low online jewelry prices. However, factors such as lack of touch and feel before buying jewelry online, security risk and e-commerce sales tax are posing challen