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Country Report

Luxury Jewellery in

Luxury Jewellery in South Korea

16 pages, Feb 2019

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Wedding market continues to influence the category

The decline in the number of marriages occurring negatively affected jewellery in general but not luxury jewellery. The average age of first marriages continued to rise – women at age 30 and men 33 in 2017.

Rising popularity of bridge jewellery a threat to luxury jewellery

Wedding demand continued to support luxury jewellery. However, luxury jewellery items worn daily for casual occasions faced competition from domestic bridge jewellery.

Male consumers start to accessorise

Interest in men’s jewellery increased in line with rising expenditure on men’s grooming products. Men’s grooming is developing and leading male consumers to accessorise.

COMPETITIVE LANDSCAPE

Traditional jewellery houses lead the category

Traditionally renowned jewellery houses such as Tiffany & Co, Cartier and Bvlgari continued to lead luxury jewellery. Consumers in South Korea tend to prefer luxury jewellery made from gold, which led to faster retail current value growth in luxury fine jewellery than in luxury costume jewellery in 2018.

Swarovski struggles but remains among the leaders in luxury jewellery

Swarovski struggled in luxury jewellery with vague positioning. Swarovski is a brand with luxury status globally, but its products in South Korea are mid-priced.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Jewellery industry in South Korea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Jewellery industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Jewellery in South Korea market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Jewellery in South Korea?
What are the major brands in South Korea?
How dynamic is the growth of Luxury Jewellery internet sales?
What is driving growth?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply function

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Luxury Jewellery in South Korea - Category analysis

HEADLINES

PROSPECTS

Wedding market continues to influence the category

Rising popularity of bridge jewellery a threat to luxury jewellery

Male consumers start to accessorise

COMPETITIVE LANDSCAPE

Traditional jewellery houses lead the category

Swarovski struggles but remains among the leaders in luxury jewellery

CATEGORY DATA

Table 1 Sales of Luxury Jewellery by Category: Value 2013-2018
Table 2 Sales of Luxury Jewellery by Category: % Value Growth 2013-2018
Table 3 NBO Company Shares of Luxury Jewellery: % Value 2013-2017
Table 4 LBN Brand Shares of Luxury Jewellery: % Value 2014-2017
Table 5 Distribution of Luxury Jewellery by Format: % Value 2013-2018
Table 6 Forecast Sales of Luxury Jewellery by Category: Value 2018-2023
Table 7 Forecast Sales of Luxury Jewellery by Category: % Value Growth 2018-2023

Luxury Goods in South Korea - Industry Overview

EXECUTIVE SUMMARY

Strong and steady domestic demand supports luxury goods in 2018

Luxury goods appeal to many consumers

Daimler AG leads luxury goods in 2017

Retailing disruptors work as a blind spot for luxury goods

Retail value growth and government support expected

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2013-2018

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2013-2018
Table 10 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 12 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 13 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 15 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

Megatrends

Country Report

Luxury Jewellery in South Korea

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Wedding market continues to influence the category

Rising popularity of bridge jewellery a threat to luxury jewellery

Male consumers start to accessorise

COMPETITIVE LANDSCAPE

Traditional jewellery houses lead the category

Swarovski struggles but remains among the leaders in luxury jewellery

Overview

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Samples (FAQs about samples)

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Table of Contents

Luxury Jewellery in South Korea - Category analysis

HEADLINES

PROSPECTS

Wedding market continues to influence the category

Rising popularity of bridge jewellery a threat to luxury jewellery

Male consumers start to accessorise

COMPETITIVE LANDSCAPE

Traditional jewellery houses lead the category

Swarovski struggles but remains among the leaders in luxury jewellery

CATEGORY DATA

Luxury Goods in South Korea - Industry Overview

EXECUTIVE SUMMARY

Strong and steady domestic demand supports luxury goods in 2018

Luxury goods appeal to many consumers

Daimler AG leads luxury goods in 2017

Retailing disruptors work as a blind spot for luxury goods

Retail value growth and government support expected

MARKET INDICATORS

MARKET DATA

SOURCES

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