The development trend of the jewelry industry in the world today

     The total retail sales of jewelry continued to grow, but the growth rate slowed down.The global jewelry market is dominated by traditional powers in Asia, Africa and South America, such as China, India, Russia, etc., which will continue to maintain their dominant positions in the global jewelry market.
     With economic globalization and the rapid development of China's economy, the jewelry market in Asia and China will continue to maintain rapid growth.The global jewelry industry will continue to maintain diversified development, especially among the younger generation (Generation Z).Consumer demand for jewelry will tend to be personalized, customized and branded.
     Consumers will become more and more brand aware of jewelry and start shopping online more and more.The jewelry industry is facing internal and external competitive pressures, which will make enterprises have to maintain their competitive advantages through innovation and technology.