Spain Gems and Jewelry Market Overview, 2028

Spain has a long and rich history of jewelry making, dating back to the Bronze Age. Some of the earliest examples of Spanish jewelry can be found in the archaeological sites of Tartessos and El Argar. During the Roman period, Spain was a major center for the production of jewelry, and many of the techniques and designs used by Roman jewelers are still used today. The Moorish occupation of Spain also had a significant impact on Spanish jewelry, with many Arabic motifs and techniques being incorporated into Spanish designs. Jewelry in Spain has a rich symbolism, and different types of jewelry are often associated with different meanings. For example, a gold ring is often seen as a symbol of love and commitment, while a cross is seen as a symbol of faith. The main gemstones of Spain are garnet, topaz, and amethyst. Garnet is the national gemstone of Spain, and it is often used in traditional Spanish jewelry. Topaz is also a popular gemstone in Spain, and it is often associated with love and fidelity. Amethyst is a purple gemstone that is said to promote peace and tranquility. The Spanish royalty has a long and rich history of collecting and wearing jewelry. Some of the most famous pieces of Spanish jewelry include the "Celebration Tiara" and the "Peacock Tiara." The "Celebration Tiara" was made in 1906 for Queen Victoria Eugenia of Spain, and it is made of diamonds and pearls. The "Peacock Tiara" was made in 1906 for Queen Ena of Spain, and it is made of diamonds and emeralds. Jewelry is an important part of many Spanish festivals. For example, the Fallas festival in Valencia is known for its elaborate costumes, which often feature intricate jewelry. The Semana Santa festival in Seville is also known for its religious processions, which often feature participants wearing traditional Spanish jewelry. According to the research report “Spain Gems & Jewelry Market Overview, 2028," published by Bonafide Research, the Spain gems & Jewelry market is expected to add more than USD 970 Million from 2023 to 2028. The Spanish economy has been growing steadily in recent years, and this has led to an increase in disposable income among Spanish consumers. This has led to an increase in demand for luxury goods, including jewelry. Spain is a popular tourist destination, and this has also led to an increase in demand for jewelry. Tourists often purchase jewelry as souvenirs or gifts. Spanish consumers are increasingly demanding personalized jewelry. This can be done by engraving the jewelry with a special message or by choosing a design that reflects the wearer's personal style. Spanish consumers are becoming increasingly conscious of environmental issues, and this is leading to a growing demand for sustainable jewelry. Sustainable jewelry is made from recycled or ethically sourced materials, and it is often designed to be long-lasting. Subscription jewelry boxes are a new trend that is gaining traction in Spain. These boxes deliver a selection of jewelry to the customer's door on a regular basis, often based on the customer's personal style preferences. Consumers are increasingly looking for custom jewelry that is made specifically for them. This can be done by working with a jeweler to design a unique piece of jewelry or by customizing an existing piece of jewelry. 3D printing is a new technology that is being used to create jewelry. This technology allows jewelers to create unique and complex designs that would not be possible to create using traditional methods.

Gold jewelry has deep cultural and historical significance in Spain. It has been a cherished and traditional choice for various occasions, including weddings, religious ceremonies, and special celebrations. The cultural attachment to gold continues to drive its demand. Gold jewelry is a common choice for wedding bands and engagement rings in Spain. Traditional wedding customs often involve the exchange of gold rings, which sustains the consistent demand for gold in the market. Gold is often viewed as a store of value and a hedge against economic uncertainties. Some consumers purchase gold jewelry with the belief that it will retain its value over time, serving both as adornment and an investment. In addition, Platinum's naturally white color is similar to white gold, but it does not require rhodium plating to maintain its color. This makes it an attractive option for those who prefer the elegant and timeless look of white metal jewelry. Platinum is hypoallergenic, making it an ideal choice for individuals with metal sensitivities or allergies. Jewelry made of platinum is less likely to cause skin reactions, attracting consumers who prioritize comfort. Jewelry trends, including those related to chains and pendants, can significantly impact consumer preferences. Jewelry designers often introduce new and innovative pendant designs, which attract fashion-conscious consumers looking to stay on-trend. Layering multiple chains and pendants has become a popular jewelry styling trend. This trend encourages consumers to purchase multiple pieces, contributing to higher sales within this segment. Chains and pendants may feature gemstone accents, adding color and sparkle to the jewelry. Consumers may be attracted to pendants that incorporate their birthstones or other meaningful gems. In addition, the "Others" segment encompasses a wide range of jewelry items, including brooches, cufflinks, and hair accessories. This diversity allows consumers to explore and choose from various styles, designs, and purposes, making it an appealing category for those seeking unique and specialized pieces. Brooches, cufflinks, and hair accessories are popular choices for gifts on various occasions, such as birthdays, anniversaries, and holidays. The culture of gift-giving contributes to the sales volume within this segment. The market is divided into jewelry stores; multi branded stores, standalone and online based on distribution channel. The digital age has transformed consumer behaviour. More consumers in Spain are embracing online shopping for its convenience, accessibility, and the ability to shop from the comfort of their homes or on the go. Online jewelry retailers offer a vast and diverse selection of gems and jewelry products. This extensive range includes traditional items like rings, necklaces, and bracelets, as well as niche products such as designer pieces, vintage jewelry, and personalized items. The breadth of options appeals to a broad spectrum of consumers with varying tastes and preferences. Online shopping is highly convenient. Consumers can browse and make purchases at any time of day or night, eliminating the need to adhere to traditional retail store hours. This convenience is particularly appealing to busy individuals. Online shoppers can easily compare prices, styles, and product specifications across multiple retailers with a few clicks. This transparency enables consumers to make informed purchasing decisions and find the best value for their money. For instance, some of the most popular online channels for gems and jewelry in Spain include TOUS, El Corte Inglés, Joyería Suarez, Ocarat, Gold & Diamonds and more.

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Manmayi Raval

Research Consultant

Considered in this report: • Geography: Spain • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • Spain Gems & Jewelry market 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)

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By Product • Rings • Necklaces • Earrings • Bracelets • Chains and Pendants • Others (brooches, cufflinks, and hair accessories) By Distribution Channel • Jewelry Stores • Multi Branded Stores • Standalone • Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic 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 doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Gems & Jewelry industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.