Chalcedony Earrings Market Analysis Report By Distribution Channel, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global chalcedony earrings market size was accounted for USD 4.16 billion, in 2018 and is projected to grow at a CAGR of 10.5% from 2019 to 2025. The growing inclination of consumers towards authentic and antique jewelry is a major factor driving market growth. Additionally, the rising popularity of jewelry products along with the availability of natural gemstones is also expected to propel the demand for the product.

Increasing fashion trends especially among the younger generation are positively impacting the growth of gemstones which is projected to increase the demand for the product. Increasing exports of chalcedony gemstones from countries such as Mexico, India, and Brazil is spurring market growth. The U.S. carries the highest demand for the product in the world. The growing demand for lightweight and birthstone jewelry designed using gold, platinum, and silver is gaining traction among consumers.

Chalcedony stone is a rock-like structure that is composed of moganite and quartz. These gem materials are available in different color shades such as grey, brown, white, and blue. The affordability and abundant availability of the product is supplementing the fashion needs of the consumer. The availability of various colors, designs, shapes of earrings is anticipated to increase the demand for the product in the next few years.

Increasing fashion trends are positively impacting the growth of gemstones which is projected to increase the demand for the product. Chalcedony gemstones are also known to have a positive impact on verbal dexterity and mental flexibility. Moreover, it improves optimism and light-heartedness. These gemstones possess natural properties that heal the respiratory system and helps in lowering blood pressure. The growing awareness among consumers owing to these factors is expected to boost the market growth.

Distribution Channel Insights

The chalcedony earrings market is bifurcated into a retail store, teleshopping, and online. In 2018, the retail store channel held the highest market share of around 35.0% in the overall market. The product is increasing in popularity owing to its high durability and attractiveness and natural designs. In addition, a large investment in the jewelry industry and a high willingness to pay more for jewelry are projected to propel market growth.

The online channel is expected to grow at a CAGR of 11.0% over the forecast period. The high convenience and attractive product offers are growing consumer preference towards online platforms. Manufacturers are focusing on launching new designs in the earring category at a reasonable price. For instance, in 2019, Flutterby has offered Lona earrings at a discounted price.

Regional Insights

In 2018, North America led the market with the largest share in the overall market. The region is expected to grow at a significant rate of CAGR over the forecasted period. This growth is majorly attributed to the increasing popularity of authentic and natural jewelry in countries such as Mexico, the U.S., and Canada. In addition, increasing disposable income levels and a high willingness to pay more for jewelry are fostering the demand for the product. In 2016, consumers in the U.S. have purchased over 35% of the gemstones of the global chalcedony earrings.

Asia Pacific region is projected to grow at the fastest CAGR of 11.0% during the forecasted period. The high demand from the countries such as India, and China is boosting the market. China attributes to over 30% demand of the world jewelry products. Increasing consumer awareness and growing fashion trends are key factors which in turn are expected to spur the growth of the market.

Chalcedony Earrings Market Share Insights

Leading players in the market include GEMPORIA LTD; Wanderlust Life; Stauer.com; T&CO.; Ana Silver Co.; The Jewellery Channel Limited; NOVICA United, Inc.; Gopali Jewellers; BLOOM JEWELRY LLC; and Pyramid & Precious International. Top players in the market are focusing on merger & acquisitions strategies to expand their product portfolio maintain their position in the market. 

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global chalcedony earrings market report based on distribution channel, and region:

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Retail Store
    • Teleshopping
    • Online

• Regional Outlook (Revenue, USD Million, 2015 -2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East & Africa (MEA)