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"Global Gems and Jewellery Market Set to Experience Remarkable Growth by 2030


According to a report by Bucherer Blue, the global gems and jewellery market is expected to experience remarkable growth by 2030. The report states that the market will expand at a compound annual growth rate (CAGR) of 5.5% during the forecast period, and will reach a valuation of $480 billion by 2030. The growth is attributed to factors such as rising disposable income, increasing demand for luxury goods, and growing preference for branded jewellery.


The report also highlights that the Asia-Pacific region will dominate the market, owing to the increasing urbanization, rising population, and expanding middle class in the region. China and India are expected to be the major contributors to the growth of the market in the region.


Furthermore, the report identifies the major players in the market including Tiffany & Co., Cartier, Graff Diamonds, and Buccellati, among others. The report suggests that these companies should focus on expanding their product offerings and leveraging online platforms to reach a wider audience.


Overall, the report by Bucherer Blue predicts a positive outlook for the global gems and jewellery market, with significant growth potential in the coming years.




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