The female segment is anticipated to be the highest contributor to the India costume jewelry market is estimated to reach $1,487.8 million by 2027
The presence of a large young population in India, with an average age of 25 to 29 years, is a key factor driving large sales of affordable costume jewelry.”
— Aniket Kadam
5933 NE WIN SIVERS DRIVE, PORTLAND, OR, UNITED STATES, May 26, 2023 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “India Costume Jewelry Market by Product Type, Gender and Mode of Sale: Global Opportunity Analysis and Industry Forecast, 2019–2027”. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.
The India Costume Jewelry market size was valued at $1,788.6 million in 2019, and is estimated to reach $2,126.3 million by 2027, registering a CAGR of 7.0% from 2019 to 2027. This is due to a lot of factors, including a change in lifestyle, an increase in the price of precious metal jewelry, an increase in fashion consciousness, and a change in packaging styles and attractive marketing strategies.
Moreover, the rise in interest in costume jewelry among both female and male consumers as a result of celebrity endorsement has paved the way for costume jewelry. Furthermore, rising disposable income and living standards in emerging markets such as India, as well as a growing consumer preference for fashion accessories, drive up demand for costume jewelry. However, the availability of low-quality and counterfeit products, as well as price fluctuations in the raw materials used to make these jewelries, limit market growth.
Costume jewelry is made of a variety of materials, including metal, plastic, and glass. To create appealing pieces of jewelry, intricate designs and patterns made of these materials are decorated with beads, precious stones, and semi-precious stones. Consumers have a large selection of costume jewelry to choose from, including bangles, neckpieces, earrings, and finger rings. Costume jewelry cannot be distinguished from genuine jewelry and appears to be gold, silver, or rose gold. It is made of materials that are easily cracked, so it does not have a long shelf life. Fashion jewelry is less expensive and more appealing, which is why costume jewelry is gaining popularity with customers.
By product type, the earrings segment was the highest revenue contributor in 2019. The reason for this is that the availability of lightweight earrings in a various designs and colors that can be worn with a variety of outfits creates market growth opportunities. By gender, the female segment held the largest market share due to increase in spending power, aided by the working female population. Depending on the mode of sale, the retail sale segment led the market, because retail sales channels provide value-added services such as customer care.
Over the forecast period, market demand will be driven by fluctuating gold prices and a surge in the prices of diamonds and other precious metals. Increased awareness of new fashion trends and acceptance of new and changing lifestyles, as well as an increase in people’s per capita income, will drive business growth in the coming years. Furthermore, the market will benefit from easy access to colored stone jewelry at lower costs and with some less maintenance fees in the near future.
The prominent players operating in the India costume jewelry industry include Avon Products Inc., Voylla, Zaveri Pearls, Pipa Bella, Sukkhi Fashion Jewelry, Romoch, Tanishq, Swarovski Group, Tribe Amrapali, Isharya, Yellow Chimes, Kushal’s, Youbella, SIA, Peora, and Pooja Jewels. These major players are adopting number of strategies such as product launch, merger & acquisition, acquisition, joint venture, and partnership to create brand identity in the India Costume Jewelry market.
Key Benefits For Stakeholders
○ This report provides a quantitative analysis of the current trends, estimations, and dynamics of the India Costume Jewelry market from 2021 to 2028 to identify the prevailing market opportunities. ○ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network. ○ In-depth analysis of the market segmentation assists to determine the prevailing market opportunities. ○ Major countries in each region are mapped according to their revenue contribution to the global market. ○ The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players. ○ The report includes analysis of the regional as well as the global market, key players, market segments, application areas, and growth strategies.
○ Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies. ○ Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage. ○ Classify potential new clients or partners in the target demographic. ○ Develop tactical initiatives by understanding the focus areas of leading companies. ○ Plan mergers and acquisitions meritoriously by identifying Top Manufacturer. ○ Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope. ○ Report will be updated with the latest data and delivered to you within 2-4 working days of order. ○ Suitable for supporting your internal and external presentations with reliable high-quality data and analysis. ○ Create regional and country strategies on the basis of local data and analysis.
SKYZ Metro FM has announced the departure of yet another popular presenter, Manurse Ndlovu who joins six other staff members who have parted ways with the Bulawayo-based radio station.
The MC and award-winning presenter was popular with listeners and her departure will surely be felt as she was part of the first radio personalities when the station went on air, eight years ago.
She joins part of the mass exodus of staff including popular news reader Kundaimidzo Shamuyarira who announced his own departure earlier today.
Their departure though the station says “do not in any way affect our commitment to our valued audience and advertisers,” will shake the station as presenters ‘move with their audiences’ should they join rival stations.
Listeners follow their favourite presenters when they move which gives rival stations the edge.
“Skyz Metro FM would like to announce that we have recently experienced staff changes, following the departure of a number of our staff members who have moved on to other opportunities. We would like to take this opportunity to thank them for their contributions and wish them the very best in their future endeavours.
“We are proud and grateful for the efforts of the following staff members who have been with the station since its inception and have contributed greatly to where the station is today: Tafadzwa Mukome, Manurse Ndlovu, Bonakaliso Mlotshwa, Khayelihle Moyo, Kundaimidzo Shamuyarira, Shamiso Ncube, Njabulo Proud Moyo,” said the station in a press statement.
The station said it will continue with its programming and has already roped in new presenters to replace those who have left.
“We assure our listeners that we remain steadfast in delivering quality programming and providing a platform that entertains, educates, and informs. We remain committed to providing our listeners with the best radio programming,” said the station management.
Medication to prevent yourself from getting HIV – Bulawayo24 News
Pre-exposure prophylaxis (PrEP) is medication taken to prevent getting HIV, it is extremely effective(99%) in preventing HIV when taken consistently i.e one pill a day.
This medication is recommended for those who are at risk of getting HIV e.g HIV negative patner in relationship/married to HIV positive patner whose viral load is not suppressed,sex workers, those with partners who are bedhoppers ,etc.
PrEP is available for free in many African countries: Zimbabwe, South Africa, Zambia, Kenya, Nigeria etc
Last year Zimbabwe became the first country in Africa to approve the injectable PrEP, it is a 2 monthly injection, it will obviously reduce the pill burden, a great milestone.
So why not take this medication and create an HIV free nation.
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It’s our duty to unlock the untapped potential of our youth – Mahama to African leaders – Modern Ghana
Former Ghana President, John Dramani Mahama has stressed the need for African leaders to help the youth to realise their dreams through the use of their talent.
Speaking at the 2023 Korea-Africa Business Summit, the leader of the National Democratic Congress (NDC) argued that it is the duty of African leaders to help unlock the untapped potential of the youth on the continent.
“Latent talent and skills are abundant in our young people. There are many who, despite the lamentable situation, come through with impressive feats and achievements. These point to untapped potential, which must be our duty as leaders to unlock and unleash,” John Dramani Mahama said.
In his address at the Summit, the Ghanaian politician also made a passionate plea to the Korean government to assist young innovators and entrepreneurs in Africa to break the chains of unemployment.
“Our young people must see a much brighter future ahead, and they are willing to put in the shift to make it a reality.
“Korea can help us nudge our young innovators and entrepreneurs to realize their dreams and extricate themselves from the unemployment trap,” John Dramani Mahama said.
At the two-day summit of the 2023 Korea-Africa Business Summit, John Dramani Mahama engaged in several activities.
The summit coincided with the 2023 commemoration of Africa Day.
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