Costume Jewelry is a broad category of ornamental items made to match a particular fashionable outfit. These pieces are typically made to be less expensive than more expensive ornamentation. These items are typically made of metal, glass, or ceramic, and have various designs. Some of the most popular types of costume jewelry include earrings, rings, necklaces, and bracelets. Costume jewelry is a cheaper alternative to fine jewelry. It is made from less expensive materials, it is made to look nice and complement a woman’s outfit. Costume jewelry is so inexpensive, it has transformed the way women accessorize. Costume Jewelry is typically made of non-precious metals, it can include imitations of more expensive materials. Some types of costume jewelry include glass, rhinestones, crystals, and other natural materials. Costume jewelry can be made of plastic, wood, and ceramics.
Rising fashion consciousness and increasing adoption of jewelry is estimated to augment the growth of the global costume jewelry market over the forecast period. For instance, in May 2021, Mango, a Spanish fashion retailer launched new collection of accessories which were manufactured using 3D printing technology. The collection consists of sandals, necklace, bags and four pieces of costume jewelry. Furthermore, increasing prices of raw materials used for costume jewelry is estimated to hamper growth of the global costume jewelry market over the forecast period.
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The global costume jewelry market is estimated to witness significant growth, exhibiting CAGR of % over the forecast period, due to increasing demand for high-end jewelery. For instance, in January 2021, LVMH Mot Hennessy Louis Vuitton SE acquired Tiffany & Co., which is a premium jeweler. The jeweler will be joining the 75 exceptional Maisons of the company.
North America is estimated to witness significant growth in the global costume jewelry market over the forecast period, owing to rising acceptance and increased advertising in the region.
Key players active in the global costume jewelry market are Stuller Inc, Buckley London, Avon Products Inc., Prada S.p.A., Chanel, David Yurman Enterprises LLC, Stuller Inc, Gianni Versace S.r.l., Compagnie Financiere Richemont SA, LVMH Moet Hennessy Louis Vuitton, H & M Hennes & Mauritz AB, Giorgio Armani S.p.A. and H.Stern Jewelers.
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