Global Jewelry Appraisal Market Outlook Report 2024- $1.81 Billion Growth Forecast During 2023-2028, with Increasing Popularity of Vintage and Antique Jewelry
PR Newswire
DUBLIN, March 25, 2024
DUBLIN, March 25, 2024 /PRNewswire/ -- The "Global Jewelry Appraisal Market 2024-2028" report has been added to ResearchAndMarkets.com's offering.
The jewelry appraisal market is forecasted to grow by USD 1.81 billion during 2023-2028, accelerating at a CAGR of 9.42% during the forecast period.
One of the key factors driving the market growth is the increasing popularity of vintage and antique jewelry. Vintage and antique jewelry offers distinctive charm, historical significance, and, often, intrinsic value, unlike mass-produced modern pieces. In addition, as consumers express a growing interest in unique, historical pieces in countries like France, India, UAE, and others, the need for accurate appraisals becomes paramount to assess the authenticity, rarity, and value of these vintage treasures.
Moreover, antique jewelry often features intricate craftsmanship, rare gemstones, and historical significance, making precise appraisal crucial for both buyers and sellers. In addition, a professional appraisal provides valuable information about the origin, materials used, and historical context of the jewelry, contributing to a comprehensive understanding of its worth. Furthermore, the desire to revitalize vintage pieces or give them a modern twist necessitates expert assessment. Hence, such factors are driving the market growth during the forecast period.
A key factor shaping the market growth is the growing adoption of advanced imaging and 3D technology. Advanced imaging technologies, such as high-resolution microscopy and three-dimensional (3D) imaging, enable appraisers to conduct highly detailed and comprehensive assessments of gemstones. In addition, this level of scrutiny ensures that all nuances, inclusions, and characteristics are thoroughly examined, leading to more accurate valuations.
Advancements in synthetic gemstones and diamond simulants are one of the key challenges hindering market growth. The development of high-quality synthetic gemstones and simulants that closely resemble the aesthetics of natural diamonds and gemstones has become more sophisticated, making it increasingly challenging for appraisers to differentiate between natural and synthetic stones without specialized testing. In addition, as synthetic gemstones and simulants become more convincing, appraisers face difficulties in accurately identifying and verifying the authenticity of gemstones.
Moreover, traditional methods of visual inspection may no longer be sufficient, necessitating the use of advanced gemological equipment for precise identification. The prevalence of synthetic gemstones and simulants impacts the valuation process. Furthermore, failure to accurately distinguish between natural and synthetic stones can lead to misrepresented valuations, negatively affecting the overall credibility of the global market. Hence, such factors are hindering the market growth during the forecast period.
The report on the jewelry appraisal market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The report on the jewelry appraisal market covers the following areas:
- Jewelry appraisal market sizing
- Jewelry appraisal market forecast
- Jewelry appraisal market industry analysis
The jewelry appraisal market is segmented as below:
By Type
- Offline appraisal
- Online appraisal
By Application
- Consultation
- Insurance
- Legal purposes
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report provides a detailed analysis of several leading jewelry appraisal market vendors that include Casale Jewelers, CIRCAJEWELS.COM, Gemological Appraisal Laboratory of America Inc., Global Appraisal Group, J and M Jewelry, Jewelry Appraisal Services, LaBiche Jewelers, Martin Jewelers, Mearto IVS, Noah Gabriel and Co. Jewelers, Signet Jewelers Ltd., The Jewelry Appraiser Inc., Valuation Services UK Ltd., VALUEPROS APPRAISAL SERVICES, WHITE PINE WHOLESALE, World Gemological Services, Yantz Bradbury Associates, A and A Gemological Laboratory, Addeo Jewelers, and Gem Pro Appraisal Services.
Also, the jewelry appraisal market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
Key Topics Covered:
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global jewelry appraisal market 2018 - 2022
4.2 Type Segment Analysis 2018 - 2022
4.3 Application Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Type
6.1 Market segments
6.2 Comparison by Type
6.3 Offline appraisal - Market size and forecast 2023-2028
6.4 Online appraisal - Market size and forecast 2023-2028
6.5 Market opportunity by Type
7 Market Segmentation by Application
7.1 Market segments
7.2 Comparison by Application
7.3 Consultation - Market size and forecast 2023-2028
7.4 Insurance - Market size and forecast 2023-2028
7.5 Legal purposes - Market size and forecast 2023-2028
7.6 Others - Market size and forecast 2023-2028
7.7 Market opportunity by Application
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
- Casale Jewelers
- CircaJewels
- Gemological Appraisal Laboratory of America
- Global Appraisal Group
- J and M Jewelry
- Jewelry Appraisal Services
- LaBiche Jewelers
- Martin Jewelers
- Mearto IVS
- Noah Gabriel and Co. Jewelers
- Signet Jewelers Ltd.
- The Jewelry Appraiser Inc.
- Valuation Services UK Ltd.
- Valuepros Appraisal Services
- White Pine Wholesale
- World Gemological Services
- Yantz Bradbury Associates
- A and A Gemological Laboratory
- Addeo Jewelers
- Gem Pro Appraisal Services
For more information about this report visit https://www.researchandmarkets.com/r/dxfhy2
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