Jewelry bears witness to timeless elegance and excellent craftsmanship. From exaggerated rings to elegant pendants to smart necklaces, Jewelry is generally considered a piece of clothing that significantly amplifies the visual beauty of the wearer. The rich jewelry collection makes the wearer feel more confident and beautiful instantly. The value of the jewelry market is expected to increase from about 230 billion U.S. dollars in 2020 to about 292 billion dollars by 2025. I believe your keen sense of smell has already detected this huge niche market.
1. Niche market:
The global jewelry market can be divided into necklaces, earrings, rings, bracelets, etc. according to products. Due to the increasing trend of religious beliefs, increased consumer interest, innovative and complex designs, and the very fashionable and attractive concept of the ring when worn, it is expected that the ring segment will grow significantly. In addition, changing lifestyles, wearing jewelry as a status symbol, and increasing adoption of men’s products will drive the market to occupy a larger footprint during the forecast period. Consumers celebrating the rising trend of customized rings for special occasions will further drive market growth. The trend of bridal jewelry is expected to open up new sources of income for the global jewelry market.
Jewelry is more profitable than most other commodities. The profit of jewellery is increased by as much as 75%. So choose to sell jewelry, your profit margin is not only 2.5X. If your product selection is good, the profit margin will be as high as 10X.
Necklaces, bracelets, and earrings are lightweight and easy to handle. After the start of COVID-19, international freight rates have risen sharply, and package delivery has been delayed. As jewelry, it has obvious advantages in transportation. Because of its relatively light weight, it is minimally affected by shipping costs. Fast shipping speed can be delivered globally within 5-12 days. And it is not easy to damage during transportation, so the products received by customers are usually in good condition and can get good reviews.
4. Customer experience:
Jewelry is easier to customize the brand. Just need to pack the jewelry appropriately. You can increase the added value of the jewelry, and it looks more high-end. Customers usually prefer to post in their social media to share with friends after receiving exquisite jewelry