Trends of Fashion Jewelry
For example, fine jewelry used to be
almost exclusively a gift purchase, but today’s consumers are buying higher-end
items for themselves. In addition, some local brands will almost certainly
become known globally as a result of industry consolidation: international
retail groups will acquire small, local jewelers. Ahead, learn all about the
trends the sartorially driven crowd will be buying into this season and shop
the pieces we’re loving within each.
The evolution of the apparel
industry provides an interesting template for how the jewelry industry might
develop. Our research indicates that five trends that shaped an adjacent
industry—apparel—over the past 30 years are becoming evident in the jewelry industry
as well, and at a much faster pace: internationalization and consolidation, the
growth of branded products, a reconfigured channel landscape, “hybrid”
consumption, and fast fashion.
For the first time in a long time,
we’re seeing the return of jewelry that’s colorful and statement-making versus
the dainty “everyday” craze that was on top for so long. We tapped Joanne
Teichman, owner of e-retailer Ylang 23, to tell us which pieces she’s
gravitating towards and Maria Tash, an OG New York piercer turned jewelry
designer, to weigh in on what's worth getting pricked for. As for fashion
jewelry, our interviewees predict a slightly higher online share of sales, in
the neighborhood of 10 to 15 percent by 2020.
Their rationale: most consumers
prefer to buy expensive items from brick-and-mortar stores, which are perceived
as more reliable and which provide the opportunity to touch and feel the
merchandise—a crucial factor in a high-involvement category driven by sensory
experience. Our interviewees believe this number—at least for fine jewelry—will
reach 10 percent by 2020 and won’t grow much beyond that.
Ahead, learn all about the trends
the sartorially driven crowd will be buying into this season and shop the
pieces we’re loving within each.
Furthermore, the previously
clear-cut boundaries between fine jewelry (characterized by the use of precious
metals and stones) and fashion jewelry (typically made of plated alloys and
crystal stones) are starting to blur. Some industry observers project that the
ten largest jewelry houses will double their market share by 2020, primarily by
acquiring local players.
Those jewelry companies that can
best anticipate and capitalize on industry-changing trends—particularly the
five described above—will shine brighter than the rest. After sifting through
the New York, London, Paris, and Milan runway imagery, it was clear which
jewelry trends are going to reign supreme come the new season. On the flip
side, brands such as Lanvin and Roberto Cavalli sell fashion jewelry for
thousands of euros.
In all major markets over the past
decade, online sales of apparel have grown at double-digit rates; in the United
Kingdom, for instance, online sales now account for 14 percent of total apparel
sales, up from approximately 1 percent in 2003.1 1.E-Retail in the UK, Verdict,
September 2012. What may be the It-Sneaker of the season could be all over your
feed one day, but six months later the hype is sure to die down. And if the
apparel industry does indeed hold any lessons for the jewelry industry,
incumbent jewelry houses will soon be fighting bidding wars against
private-equity players with deep pockets.
In the past, most of the growth in
branded jewelry came from the expansion of established jewelry brands, such as
Cartier and Tiffany & Co., and new entrants such as Pandora and David
Yurman. One option for smaller players would be to seek distribution through
ventures like Cadenzza, Swarovski’s chain of curated multibrand jewelry stores
featuring well-known luxury brands as well as up-and-coming designers.
Here, we’ve rounded up the nine jewelry trends everyone will be buying this spring 2019, inspired by the runways. In this article, we discuss how these trends could affect the future of jewelry and what jewelry companies should do to prepare.
Here, we’ve rounded up the nine jewelry trends everyone will be buying this spring 2019, inspired by the runways. In this article, we discuss how these trends could affect the future of jewelry and what jewelry companies should do to prepare.
The S/S 19 runways were crawling with exciting jewelry trends of all kinds. So
in the Marie Kondo spirit, we went on the hunt for jewelry trends we should try
for 2019 and ones to leave behind. Thanks to designers like Loewe and Chanel
showcasing risk-taking jewelry—think necks cascading with pearls and chains—a
quirky charm bracelet and thick hoops suddenly seem approachable.Here, we’ve
rounded up the nine jewelry trends everyone will be buying this spring 2019,
inspired by the runways. Surprise! Belly button piercings aren't making a
comeback, but you'll be surprised to see what's on the list, ahead.
Our interviewees expect that a
handful of thriving national or regional jewelry brands will join the ranks of
top global brands by 2020—Swarovski is an oft-cited example. To chart the most
likely course of the jewelry sector, we analyzed publicly available data,
studied companies’ annual reports, and interviewed 20 executives at global
fine-jewelry and fashion-jewelry companies and industry associations. Our
analysis suggests online jewelry sales are only 4 to 5 percent of the market
today, with substantial variations across regions, brands, and types of
jewelry. By contrast, future growth in branded jewelry is likely to come from
nonjewelry players in adjacent categories such as high-end apparel or leather
goods—companies like Dior, Hermès, and Louis Vuitton—introducing jewelry
collections or expanding their assortment.
Every jewelry company should seek to strengthen and differentiate its brands through unique, distinctive designs. Some fine jewelry is available at bargain prices: Tchibo in Germany sells gold diamond rings starting at €99. The trend toward branded jewelry will be especially hard on small artisans, who don’t have the marketing muscle of the large jewelry groups.
Jewelry trends, on the other hand,
can be a bit are harder to spot. To what degree the two industries will mirror
each other remains to be seen, but it seems likely that the jewelry market of
2020 will be highly dynamic, truly globalized, and intensely competitive. After
sifting through the New York, London, Paris, and Milan runway imagery, it was
clear which jewelry trends are going to reign supreme come the new season. The bulk
of these sales will come from affordable branded jewelry, a somewhat
standardized product segment in which consumers know exactly what they’re
getting.



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