Luxury Jewellery

In 2020, luxury jewellery suffered a steep contraction in retail value sales due to the significant impact of store closures during the state of emergency in April and May. Long-term border closures also led to plummeting sales as the performance of…

Overall demand for luxury jewellery rebounded in 2021, with the category recording a marginal decline in total volume sales following a steep double-digit contraction in 2020. This turnaround was driven by increased confidence among Turks as lockdown…

Luxury jewellery witnessed strong current value growth in 2021, after seeing a significant decline in 2020 due to the COVID-19 pandemic. Luxury costume jewellery, or luxury fashion jewellery as it can also be referred to, performed particularly well,…

In the first half of 2020, the uncertainties about the sanitary crisis were at their peak and stores had to be closed due to the quarantine period imposed amid the COVID-19 pandemic. However, in the second half of 2020, the numbers of contagion cases…

Luxury jewellery sales have been hit hard by the COVID-19 crisis, with lockdown periods bringing an abrupt halt to key occasions on which to wear these products. The shift to remote working and the curtailing of celebratory gatherings have meant that…

Demand for luxury jewellery continued to drop in South Africa in 2021 following double-digit declines recorded by the category the previous year due to the pandemic. Ongoing non-essential store closures during hard lockdowns and consumers’…

2021 was favourable year for luxury jewellery in Russia. One of the main factors behind the dynamism seen in 2021 was the fact that even after Russia reopened its borders in April most people refrained from travelling unless necessary due to fears…

Overall, luxury jewellery is expected to perform relatively well in 2021, with its current value growth rate slowing only slightly. However, the pandemic has resulted in some consumption pattern shifts. For example, luxury costume jewellery’s growth…

Store closures as a result of COVID-19 lockdowns in Australia had a significant negative impact on sales of luxury jewellery in the first half of 2020 and the second half of 2021. However, the pandemic also led many consumers to re-evaluate and…

Luxury jewellery saw a notable current value decline in 2020. COVID-19 lockdown restrictions, social distancing and limitations on social events and gatherings created a challenge to the growth of luxury jewellery, due to fewer occasions for wearing…

Tourism has historically been a key sales driver of luxury jewellery sales, especially in the large urban centres of Vancouver and Toronto. Travel and holiday limitations due to the pandemic have much reduced shopping tourism in Canada and luxury…

Along with luxury timepieces, luxury jewellery is one of the most emblematic categories in luxury goods, and thus was amongst the first categories to bear the brunt of the COVID-19 crisis. As in other categories, luxury goods suffered from the…

Luxury jewellery faced a very unfavourable scenario at the beginning of the pandemic as sales dropped substantially over the course of 2020. The main negative influence on category sales was the unavailability of the leading store-based retail…

Luxury jewellery, being an industry which predominantly relies on physical retail, was notably affected by reduced consumer foot-traffic in stores during 2020 and also into the start of 2021. The category was also impacted by a lack of social…

Traditionally, sales of luxury jewellery in Indonesia have tended to spike in the run-up to major religious festivals such as Eid Al Fitr and Hari Raya. This is because many of Indonesia’s more affluent people choose to purchase expensive items of…

Designer apparel and footwear registered a huge hit in 2020, due to the pandemic. In 2021, with society gradually opening up, including retail outlets, value growth is expected to be in the double digits. All the same, with the pandemic far from…

Having plunged by more than a quarter during 2020, retail current value sales of luxury jewellery exhibited no more than a modest rebound in 2021. The collapse of inbound international tourism for much of 2020 weighed heavily on demand for luxury…

Luxury jewellery registered a huge hit in 2020, due to the pandemic. In 2021, with society gradually opening up, including retail outlets, value growth is expected to be very healthy. All the same, with the pandemic far from over, and economic…

Argentinian consumers with a higher disposable income have not been significantly affected by the COVID-19 pandemic and local recession; the pandemic has even improved their situation as, according to Euromonitor’s Income Distribution Model, a 20-25%…

The jewellery industry in Italy has a large presence of small independent jewellers, all of whose activity was halted during the COVID-19 lockdown of spring 2020. In addition, once the lockdown from March-May was over, operators faced major…