Jewellery in South Korea is set to maintain retail volume and current value growth throughout the forecast period, with increases anticipated for both costume and fine jewellery. Holding a strong lead in jewellery at the end of the review period, with a share double that of the nearest player, Richemont Korea Ltd is set to maintain its lead in the forecast period.
After years of growth in the luxury market being driven mainly by bags, the forecast suggests that jewellery will also see significant growth potential growth. An increasing number of consumers have been demanding luxury fine jewellery, with the open runs previously seen for luxury bags now switching to luxury jewellery.
Due to authentication issues and limited availability, department stores and jewellery and watch specialists remain the dominant sales channels for jewellery. However, over the forecast period jewellery is expected to experience slow growth in sales via retail e-commerce, which may negatively impact distribution via these channels, and these retailers are taking action accordingly.
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Understand the latest market trends and future growth opportunities for the Jewellery industry in South Korea 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 South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Jewellery
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 is segmented as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.
See all of our definitionsThis report originates from Passport, our Jewellery research and analysis database.
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