The global chalcedony earrings market size is anticipated to reach USD 8.36 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.5% during the forecast period. Rising popularity of natural jewelry and precious stones coupled with the affordability, variety, and availability of the product is anticipated to drive the growth. Rise in online shopping for greater convenience and prices is anticipated to drive the demand for chalcedony earrings.
Chalcedony gemstones are claimed to impart mental flexibility and verbal dexterity. It helps improve communication skills and thus stimulates the ability to learn new languages. In addition, it enhances light-heartedness and optimism. These stones also have natural anti-inflammatory properties and ability to heal effects of smoking on lungs, lowering temperature and blood pressure, clearing respiratory. Awareness regarding these advantages is anticipated to bode well for the product demand.
Aesthetic appeal of chalcedony owing to its bluish translucent color is one of the major factors driving the demand for gold and silver earrings made using chalcedony. . However, chalcedony stones easily express these colors without incorporating the expense of blue sapphire or diamonds. Hence, affordability is projected to continue being one of the major driving factors for the demand of chalcedony earring in the forthcoming years.
In terms of distribution channel, retail store segment led the chalcedony earrings market in 2018. Jewelry made of chalcedony stones is used for daily wear owing to its durability and contemporary designs. In addition, low investment cost for the store chains is expected to bode well for the segment growth. Rapid expansion of the jewelry industry coupled with willingness of the consumers to invest more in latest fashion trends is projected to bode well for the growth.
Asia Pacific is anticipated to expand at the fastest CAGR of 11.0% from 2019 to 2025. China contributes to about 30% of global jewelry demand. Increasing awareness regarding innovative gem stones introduced in the latest fashion trends is expected to positively impact the regional demand for chalcedony earrings. Countries like China and India lead exports in the region and have successfully established a stable trade market for chalcedony stones, which is expected to further propel the demand for chalcedony earrings.
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Further key findings from the report suggest:
Online distribution channel is expected to reach USD 2.46 billion by 2025, expanding at a CAGR of 11.1% from 2019 to 2025
Retail store was valued at USD 1.61 billion in 2018 and is expected to reach USD 3.13 billion by 2025
Asia Pacific is anticipated to expand at the fastest CAGR of 11.0% from 2019 to 2025
Top players operating in the chalcedony earrings market are Wanderlust Life; T&CO.; The Jewellery Channel Limited; GEMPORIA LTD; Stauer.com; Ana Silver Co.;Gopali Jewellers; and NOVICA United, Inc. Manufacturers focus on investing in product development and innovation in terms of designs, colors, and styles
Grand View Research has segmented the global chalcedony earrings market by distribution channel and region:
Chalcedony Earrings Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
Chalcedony Earrings Region Outlook (Revenue, USD Million, 2015 - 2025)
Central & South America
Middle East & Africa
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