Trade sources say that the decline in marriages in South Korea is a threat to sales of wedding jewellery. According to KOSIS (Korean Statistical Information Service), the number of marriages in South Korea has been on a declining trend.
Lab-grown diamonds are set to gain increasing traction in South Korea, due to an increasing retail presence in the country. Lab-grown diamonds have been attracting attention from young local consumers for their accessible pricing and ethical manufacturing process.
Vertical platforms has become an unmissable channel strategy to attract young consumers, proven through the high success of leading fashion platforms such as Musinsa, W Concept, and 29CM. These online fashion platforms provide an aggregated marketplace exclusively for apparel and footwear, providing a wide range of options and detailed product segmentation so that young consumers can discover any product they need according to their own fashion taste and apparel need.
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Understand the latest market trends and future growth opportunities for the Jewellery industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Jewellery industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Jewellery
Jewellery is a kind of personal adornment usually made with various precious and semi-precious materials such as gemstones, precious metals, beads, glass, and shells. Jewellery is segmented as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.
See All of Our DefinitionsThis report originates from Passport, our Jewellery research and analysis database.
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