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55. Istanbul Jewelry Show | 17 - 20 April 2024
56. Istanbul Jewelry Show | 02 - 05 October 2024
Venue | Istanbul Expo Center
Estimate Reading Time: 3 min
Jewelry’s Worldwide Market Share could get to 500 billion USD by 2026. The industry is just as dynamic in nature, with consequential changes expected in the industry, and consumer behaviour.
While branded jewelry accounts for only 20% of the market share, it accounts for over 50% of the sales. The types of consumers that would invest in branded jewelry include those with new money, those looking to create an elite impression in society, and those who resort to brands for self-realisation.
Jewelry is expected to follow a similar pattern as apparel to transform from a local business to become a truly global entity. A known brand takes precedence over the unknown for most consumers. Successful regional and national brands will look to expand borders and make a name on the world map. Participating in international jewelry fairs is a good way for jewelry players to explore the world in an organised fashion and enter new markets.
Fast fashion has a short time-to-market and meets the trending needs of the buyers quite rapidly. Fashion market jewelry is likely to see explosive growth in 2021. Consumers make spontaneous purchase decisions when it comes to fashion jewelry.
Generation X, also called Gen Xers, are truly one-of-a-kind. Born between 1965 and 1980, they have grown up with little adult supervision, value their independence and ensure work-life balance. Technologically proficient, highly educated, flexible, and open to trying new things, this generation has accepted online purchasing like a champ.
Keeping in line with the current trends as well as challenging times, online jewelry shopping has become the preferred method of purchasing for Generation X. They have their eyes on
Generation X does not get carried away. The following activities can be carried out to connect with these prospective customers:
Gen X likes to analyse products before making the final decision. Online platforms would work very well for them because they would compare prices and understand the name that the brand has made in the market. Ensuring strong content, engaging yet informative words, and trustworthy testimonials will be a sure-fire way to bring them on board.
Branding, and intelligent shop assistants are critical to establishing trust and communication with Gen X. Jewelry professionals should convey the right message in the right tone with personalised attention for a successful sales experience.
Informa Markets has organised the Istanbul Jewelry Show on 7-10 October 2021 at CNR Expo, Istanbul Fair Center. The event will be attended by jewelry businesses from all over the world, showcasing a wide variety of jewelry styles. Click here to register online.
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