Strong price rises have been seen in 2022 following the recent global uncertainty, such as the weakening of the Japanese yen, as well as the rising prices of gold and diamonds amidst concerns over supply shortages in the wake of the Russian invasion of Ukraine. For instance, in April Yondoshi Holdings Inc announced price increases for some of its products, whilst in May, French luxury jewellery brands such as Cartier and Van Cleef & Arpels followed suit.
Sustainability is a hot topic within the fashion industry, and indeed within society in general, as the Japanese government is promoting SDGs (Sustainable Development Goals), and it has set the goal of becoming a carbon-neutral society by 2050. Gradually increasing awareness of sustainability amongst Japanese consumers is also likely to shape sales of jewellery in the forecast period.
Personalisation is expected to become increasingly important to consumers over the forecast period and will be considered by more players as a way to attract consumers. In 2022, Wako Inc launched the website COCON, which is a jewellery brand with a focus on personalisation using an online platform.
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Understand the latest market trends and future growth opportunities for the Jewellery industry in Japan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Jewellery industry in Japan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Jewellery is a kind of personal adornment usually made with various precious and semi-precious materials such as gemstones, precious metals, beads, glass, and shells. Jewellery segment as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.See All of Our Definitions
This report originates from Passport, our Jewellery research and analysis database.
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