According to Custom Market Insights study, The Pearl Jewelry Market was estimated at USD 10.49 Billion in 2021 and is anticipated to reach around USD 24.37 Billion by 2030, growing at a CAGR of roughly 12.9% between 2023 and 2030.
Pearl jewelry includes a wide range of products such as necklaces, bracelets, earrings, rings, and pendants, among others. Pearls used in jewelry can be natural, cultured, or imitation, and can be sourced from various regions around the world.
The pearl jewelry market caters to both women and men and is driven by factors such as changing fashion trends, cultural traditions, and personal preferences.
Fashion designers and influencers promote the use of pearl jewelry in their collections and on social media, which attracts consumers.
In terms of specific mergers and acquisitions in the pearl jewelry market, there have been several notable deals in recent years. For example, in 2018, Richemont, the parent company of Cartier and Van Cleef & Arpels, acquired the online pearl jewelry retailer Watchfinder. This acquisition allowed Richemont to expand its digital presence and reach a new customer base.
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