Japan Gems and Jewelry Market Overview, 2028

Japan Gems and Jewelry Market Overview, 2028
The Japanese economy is growing, and there is a growing demand for luxury goods among Japanese consumers. This is driving demand for high-quality gems and jewellery. Japanese jewellery is known for its high quality and craftsmanship. This is leading to an increase in demand for Japanese jewellery overseas. The Japanese gems and jewellery industry is a multifaceted and culturally rich sector that embodies both tradition and innovation. With a history deeply rooted in craftsmanship and a strong appreciation for aesthetics, Japan has earned a reputation for producing some of the most exquisite and meticulously crafted jewellery pieces. This industry is a captivating blend of contemporary design sensibilities and a profound respect for age-old traditions. Japanese artisans and designers are known for their meticulous attention to detail, creating jewellery that not only reflects the nation's rich cultural heritage but also showcases cutting-edge design concepts. While the industry has its roots in the crafting of traditional pieces like exquisite pearls, intricately carved jade, and lustrous lacquerware, it has also embraced modern materials and techniques, leading to the creation of contemporary jewellery that appeals to both domestic and international markets. Japan's jewellery market is not only a testament to its commitment to quality and craftsmanship but also a reflection of its cultural values, where jewellery is not merely an accessory but a profound expression of beauty, symbolism, and heritage.

According to the research report ""Japan Gems and Jewellery Market Overview, 2028,"" published by Bonafide Research, the Japan Gems and Jewellery market is projected to reach a market size of more than USD 12 billion by 2028. Jewellery holds deep cultural significance in Japan. Traditional Japanese jewellery often features motifs and materials that reflect the country's rich cultural heritage, such as pearls, jade, and lacquerware. Jewellery is frequently worn on special occasions and ceremonies, emphasising its cultural importance. The popularity of specific gemstones can influence the market. For example, the Japanese have a long history of cultivating and appreciating cultured pearls, and pearls continue to be highly sought after. Trends in coloured gemstones, such as sapphires and rubies, also impact the market. Regulatory changes related to jewellery imports, taxes, and certification can impact the market. For example, regulations concerning the import and sale of precious metals and gemstones can influence the availability and pricing of jewellery. Material types include gold, silver, platinum, diamonds, and others. In Japan, the diamond has the second highest market share. The global diamond industry, particularly companies like De Beers, has successfully marketed diamonds as a symbol of luxury and love, emphasising their rarity and timeless beauty. This marketing has resonated with Japanese consumers, contributing to the popularity of diamonds. Japan has an ageing population, and older consumers often prefer classic and timeless jewellery pieces, including diamond jewellery. This demographic trend has contributed to the continued demand for diamonds. The glamour and allure of Hollywood have played a role in popularising diamonds in Japan and around the world. The portrayal of diamond jewellery in films and celebrity endorsements has contributed to its desirability. In Japan, there's a particular preference for colourless or near-colourless diamonds. Japanese consumers often seek diamonds with the highest grades on the colour scale (D–F), as they are prized for their exceptional purity and brilliance. There are several days when the Japanese people are purchasing more diamonds. The wedding season in Japan typically peaks in the spring (March to May) and autumn (September to November). During these months, there is a significant surge in the sale of diamond engagement rings, wedding bands, and bridal jewellery. Furthermore, Valentine's Day (February 14th) is a significant occasion for the sale of diamonds, particularly diamond jewellery gifts such as pendants, necklaces, and earrings. In Japan, it is primarily a day when women give gifts to men, often including jewellery.

Based on the product types, there are rings, necklaces, earrings, bracelets, chains, pendants, and others. Among them, rings are leading the market. Rings are versatile and can be worn every day as part of one's fashion and style. Japanese consumers appreciate the ability to accessorise with rings that complement their outfits. The tradition of marriage proposals often involves the presentation of an engagement ring. The act of proposing with a ring is an important cultural practise that drives the demand for engagement rings. Rings, especially those associated with significant life events like weddings, are often passed down through generations as family heirlooms, preserving their value and significance over time. Based on the application, which includes weddings, collections, festive blessings, fashions, and others, in Japan, fashion is a growing segment of the gems and jewellery market. Japan is known for its dynamic and ever-evolving fashion trends. Japanese consumers, especially younger generations, are highly fashion-conscious and eager to experiment with different styles. As fashion trends evolve, jewellery becomes a crucial accessory to complete a look. Japanese fashion often blends traditional elements with modern aesthetics. This fusion of old and new styles creates a demand for jewellery that can complement both traditional and contemporary outfits. Furthermore, celebrities and influencers play a vital role in shaping fashion trends in Japan. When celebrities are seen wearing specific jewellery pieces, it can drive consumer interest and sales.

Distribution channels include jewellery stores, multi-branded stores, stand-alone stores, and online. In Japan, multi-branded stores are growing as the distribution channel for the gems and jewellery market. Multi-branded stores offer a wide range of products, including jewellery, clothing, accessories, and more. This diversity allows consumers to explore various options and make complementary fashion choices at a single shopping destination. Select shops carefully curate their product offerings to align with the latest fashion trends and consumer preferences. They often carry unique and fashionable jewellery pieces that cater to specific style sensibilities. Japanese society is highly attuned to fashion trends, and multi-branded stores are known for their ability to stay current with the latest styles. Consumers often visit these stores to discover new jewellery designs that align with the prevailing fashion trends.

Trade show and Events:

International Jewellery Tokyo (IJT): IJT is one of Japan's largest jewelry trade shows, featuring a wide range of jewelry products, from diamonds and gemstones to finished jewelry and accessories. It attracts both domestic and international exhibitors and visitors. The event typically takes place in January or February.

Japan Jewellery Fair (JJF): Organized by the Japan Jewellery Association, JJF is an annual jewelry trade fair that showcases a diverse range of jewelry products, including traditional Japanese designs and contemporary pieces. It provides a platform for domestic and international exhibitors to connect with Japanese buyers.

JAPANTEX (Japan International Textile and Apparel Expo): While primarily focused on textiles and apparel, JAPANTEX often features jewelry and accessories sections. It's an opportunity for jewelry designers and manufacturers to present their products to a fashion-savvy audience.

Tokyo International Gift Show (TIGS): TIGS is a comprehensive trade show featuring gifts, crafts, and fashion accessories, including jewelry. It is held biannually in February and September and attracts a wide range of exhibitors and buyers.

Jewelry World Tokyo: This event showcases a variety of jewelry products, from high-end diamonds to fashion jewelry. It provides a platform for jewelry designers, manufacturers, and wholesalers to connect with retailers and buyers.

Considered in this report

• Geography: Japan
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• Japan Gems & Jewelry with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Material

• Gold
• Silver
• Platinum
• Diamond
• Others (Gemstones, palladium, titanium, bronze, copper, brass)

By Product

• Rings
• Necklaces
• Earrings
• Bracelets
• Chains and Pendants
• Others (brooches, cufflinks, and hair accessories)

By Application

• Weddings
• Collections
• Festive Blessing
• Fashions
• Others (birthdays, graduations, or religious holidays)

By Distribution Channel

• Jewelry Stores
• Multi Branded Stores
• Standalone
• Online

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the Gems & Jewelry industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.