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Learn moreJan 2021
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Despite COVID-19, the luxury jewellery category continued to demonstrate positive growth in 2020, albeit much lower than that seen in 2019. This overall performance was underpinned by women’s luxury fine jewellery.
Luxury jewellery’s main retailing channel is department stores, which were not closed by the authorities. Although duty-free was badly hit due to the restrictions on travel, the local market did not suffer too much.
Demand for luxury jewellery is strongly related to the number of weddings taking place. Shortly after the 3-day holiday of 15-17 August, when the government suggested local consumers travel to help the local economy, the number of COVID-19 cases surged.
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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:
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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.