The global chalcedony earrings market size was valued at USD 4.16 billion in 2018 and is expected to expand at a CAGR of 10.5% during the forecast period. Rising consumer preference for antique and authentic jewelry is anticipated to drive the growth. Awareness regarding the availability of different types of natural gemstones coupled with rapidly evolving fashion trends are projected to positively influence the growth of the market.
Increasing adoption of colored stones, particularly by millennials is the primary factor driving the demand for chalcedony earrings. Increased exports of chalcedony stones from countries such as Brazil, Mexico, and India is projected to bode well for the market growth. The U.S. leads the demand for chalcedony earrings among developed countries. High popularity of birthstone jewelry and demand for lightweight jewelry made using silver, gold, platinum, and other metals is projected to significantly drive the global market.
Chalcedony is a rock structure composed of quartz and moganite. These translucent gems typically display shades of blue, gray, white, and brown among others. Such wide variety of colors makes the chalcedony earrings versatile and fashionable, especially for daily use. The abundant availability and affordability make these gemstones a feasible choice for fashion jewelry. Availability of a wide variety of designs, colors, and patterns of earrings is expected to create growth avenues in the forthcoming years.
Furthermore, belief in positive effects of these gemstones is anticipated to drive the demand for chalcedony earrings. Chalcedony gemstones are believed to impart mental flexibility and verbal dexterity. They help improve communication skills and thus stimulate the ability to learn new languages. In addition, they enhance light-heartedness and optimism. These stones also have natural anti-inflammatory properties and ability to heal respiratory system and lower blood pressure levels. Consumer awareness regarding these effects is anticipated to bode well for the product demand.
Retail store segment held the leading market share of 35% in 2018. Jewelry made of chalcedony stones is used for daily wear owing to its durability and contemporary designs. In addition, low investment cost required for the stores is expected to bode well for the growth. Rapid expansion of the jewelry industry coupled with willingness of the consumers to invest more in the latest fashion trends is projected to impel the chalcedony earrings market growth during the forecast period.
Online channel is expected to expand at the fastest CAGR of 11.1% from 2019 to 2025. Factors such as greater convenience and attractive prices drive consumers toward online shopping. Popularity of contemporary jewelry, particularly earrings for daily wear owing to their durability and lightweight coupled with availability of a wide range of products at attractive prices is anticipated to boost the growth. Key manufacturers focus on introducing new designs of chalcedony earrings at affordable prices. For instance, in April 2019, Flutterby made their Lona earrings available for the customers at discounted prices.
North America held the leading market share of 38.1% in 2018. This region witnesses greater demand as well as production of gemstones, especially U.S. Popularity of natural and authentic jewelry in countries such as the U.S., Mexico, and Canada, which is anticipated to drive the demand for chalcedony earrings. Moreover, high disposable income and willingness to invest more in fashion jewelry is expected to fuel the regional demand. In 2016, U.S.-based consumers purchased 35% of the world’s gemstones including chalcedony. In addition, twelve states of the U.S. collectively produced 90% of natural gemstones mined in the country. Rising preference for earrings owing to their affordable prices and versatile designs bode well for the regional growth.
Asia Pacific is expected to expand at the highest CAGR of 11.0% from 2019 to 2025. China and India have established a stable trade marketplace for chalcedony which in turn is expected to fuel the regional demand for chalcedony earrings in the near future. China contributes to about 30% of the global demand for jewelry. Increased consumer awareness, popularity of online shopping, and fashion consciousness are some of the major growth drivers for the regional market.
The global market is highly competitive in nature with the presence of the top players such as Wanderlust Life; T&CO.; The Jewellery Channel Limited; GEMPORIA LTD; Stauer.com; Ana Silver Co.; Gopali Jewellers; NOVICA United, Inc.; Pyramid & Precious International; and BLOOM JEWELRY LLC. The companies adopt mergers and acquisitions as one of the key business strategies to boost product offerings. Moreover, companies focus on expanding their production capacity and adopting innovative technologies to meet rising demand for chalcedony earrings.
Attribute |
Details |
Base year for estimation |
2018 |
Actual estimates/Historical data |
2015 - 2017 |
Forecast period |
2019 - 2025 |
Market representation |
Revenue in USD Million & CAGR from 2019 to 2025 |
Regional scope |
North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
Country Scope |
U.S., Germany, U.K., India, China, Brazil |
15% free customization scope (equivalent to 5 analyst working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global chalcedony earrings market report on the basis of 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
The U.S.
Europe
Germany
The U.K.
Asia Pacific
China
India
Central & South America
Brazil
Middle East & Africa
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
ESOMAR certified & member
ISO Certified
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.
"The quality of research they have done for us has been excellent."
The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe, given the rising popularity of online/e-commerce sales. From a manufacturing standpoint, the sustainable or ethical fashion trend is expected to favor market growth throughout the forecast timeframe. Luxury apparel is another lucrative space for prospective manufacturers to target, given the mushrooming number of affluent and fashion-conscious consumers across the globe. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
We value your investment and offer free customization with every report to fulfil your exact research needs.