Undying Significance of Personal Adornment to Enhance Beauty, Personality & Style Supports Growth in the Global Costume Jewelry Market
Universal importance of personal adornment in virtually all cultures and societies and the ensuing consumer penchant for fashionable, magnificent and affordable jewelry is poised to drive the global market for Costume Jewelry to reach US$42 billion by 2024 . Costume jewelry, also termed fashion jewelry, refers to accessories donned complementing the apparel trend or styles. Growing consumer preference for fashionable, yet affordable jewelry is a major factor driving growth in demand for costume jewelry. Fashion savvy consumers are constantly on the lookout for varied choices and trendy products that are truly reflective of their lifestyles. Demand for costume jewelry is also driven by growing population of fashion conscious teens. High participation of women in the workforce and increasing penchant for highly fashionable, yet unique pieces of jewelry over owning fine jewelry is a major factor promoting the demand for high-end fashion jewelry. Further, with the rise in tech-savvy ...