Bangladesh Gems & Jewelry Market (2023-2029) | Outlook, Analysis, Companies, Forecast, Growth, Value, Revenue, Size, Share, Industry, COVID-19 IMPACT & Trends

Market Forecast By Types (Rings, Necklaces, Earrings, Bracelets, Chains and Pendants, Other), By Distribution Channel (Online, Offline) And Competitive Landscape

Product Code: ETC016252 Publication Date: Jun 2023 Updated Date: Oct 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 32 No. of Tables: 5

Topics Covered in Bangladesh Gems & Jewelry Market Report

Bangladesh Gems & Jewelry Market report thoroughly covers the market by types, and by distribution channel. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Bangladesh Gems & Jewelry Market Synopsis

Bangladesh Gems & Jewelry Market is expected to grow during the forecast period. The growth of the industry can be attributed to factors such as increasing demand for gold and silver ornaments, growing purchasing power among consumers, expanding middle class population in Bangladesh, availability of easy financing options by banks and other financial institutions etc. Moreover, government initiatives like special economic zones (SEZs) with excellent infrastructure facilities are likely to provide impetus to the growth of this market over the coming years. Additionally, several international brands have started entering into Bangladesh gemstone business which will further boost up sales in this segment over the coming years

According to 6Wresearch, the Bangladesh Gems & Jewelry Market size is anticipated to accomplish significant growth during the forecast period 2023-2029. Several factors are driving the growth of the gems and jewelry market in Bangladesh. The first driver is the country’s large population, which translates to a sizable domestic market. Second, the rise of the middle class in Bangladesh has increased demand for fashion and luxury jewelry. Third, the country has an abundant supply of precious stones such as sapphires, rubies, and emeralds, making it an ideal location for jewelry manufacturing. One of the main challenges facing the gems and jewelry market in Bangladesh is counterfeiting. With a lack of proper regulations, counterfeit products flood the market, deter high-end customers, and taint the industry's reputation. Additionally, the market is highly fragmented, with several small players operating independently without collaboration or synergy. This approach leads to inefficiencies in the supply chain, raising the cost of production.

COVID-19 Impact on the Market

The COVID-19 pandemic hit Bangladesh's economy hard, and the gems and jewelry market was no exception. A complete lockdown and closure of retail stores have caused jewelry sales to plummet significantly. However, the market has shown some promising signs of recovery as e-commerce platforms have increased their market share. Smaller businesses have also started embracing digital technologies, such as social media, to reach their customers.

Bangladesh Gems & Jewelry Industry: Key Players

The Bangladesh gems and jewelry market is highly fragmented, with several small players and a handful of large players. Some of the notable key players include Navana Gems and the Diamond World. These two companies have a significant market presence and excellent brand recognition.

Gems & Jewelry Market in Bangladesh: Government Initiatives

The Bangladesh government has recently introduced several regulations to streamline the gems and jewelry market. One such regulation is the requirement for all precious stone suppliers to obtain a license from the designated government authority. The government has also established gemstone testing laboratories to combat counterfeiting and promote transparency. The government of the country has been supporting this market and will continue to support it in the years to come owing to the significance of this market.

Market by Types

According to, Shivankar, Research Manager, 6Wresearch, the rings and necklaces are currently in high demand due to the traditional, cultural significance and modernization.

Market by Distribution Channel

The online distribution channel for gems & jewelry in Bangladesh is currently experiencing more growth compared to offline. The convenience of shopping from home, wider range of products, and assurance of authenticity have significantly contributed to the shift in consumer preferences. Nevertheless, the offline market still has its place in Bangladesh, and many jewelry businesses have managed to thrive through their traditional models.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Bangladesh Gems & Jewelry Market Outlook
  • Market Size of Bangladesh Gems & Jewelry Market, 2022
  • Forecast of Bangladesh Gems & Jewelry Market, 2029
  • Historical Data and Forecast of Bangladesh Gems & Jewelry Revenues & Volume for the Period 2019 - 2029
  • Bangladesh Gems & Jewelry Market Trend Evolution
  • Bangladesh Gems & Jewelry Market Drivers and Challenges
  • Bangladesh Gems & Jewelry Price Trends
  • Bangladesh Gems & Jewelry Porter's Five Forces
  • Bangladesh Gems & Jewelry Industry Life Cycle
  • Historical Data and Forecast of Bangladesh Gems & Jewelry Market Revenues & Volume By Types for the Period 2019 - 2029
  • Historical Data and Forecast of Bangladesh Gems & Jewelry Market Revenues & Volume By Rings for the Period 2019 - 2029
  • Historical Data and Forecast of Bangladesh Gems & Jewelry Market Revenues & Volume By Necklaces for the Period 2019 - 2029
  • Historical Data and Forecast of Bangladesh Gems & Jewelry Market Revenues & Volume By Earrings for the Period 2019 - 2029
  • Historical Data and Forecast of Bangladesh Gems & Jewelry Market Revenues & Volume By Bracelets for the Period 2019 - 2029
  • Historical Data and Forecast of Bangladesh Gems & Jewelry Market Revenues & Volume By Chains and Pendants for the Period 2019 - 2029
  • Historical Data and Forecast of Bangladesh Gems & Jewelry Market Revenues & Volume By Other? for the Period 2019 - 2029
  • Historical Data and Forecast of Bangladesh Gems & Jewelry Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
  • Historical Data and Forecast of Bangladesh Gems & Jewelry Market Revenues & Volume By Online for the Period 2019 - 2029
  • Historical Data and Forecast of Bangladesh Gems & Jewelry Market Revenues & Volume By Offline for the Period 2019 - 2029
  • Bangladesh Gems & Jewelry Import Export Trade Statistics
  • Market Opportunity Assessment By Types
  • Market Opportunity Assessment By Distribution Channel
  • Bangladesh Gems & Jewelry Top Companies Market Share
  • Bangladesh Gems & Jewelry Competitive Benchmarking By Technical and Operational Parameters
  • Bangladesh Gems & Jewelry Company Profiles
  • Bangladesh Gems & Jewelry Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Types

  • Rings
  • Necklaces
  • Earrings
  • Bracelets
  • Chains And Pendants
  • Other 

By Distribution Channel

  • Online
  • Offline
Frequently Asked Questions About the Market Study (FAQs):
The growth of the industry can be attributed to factors such as increasing demand for gold and silver ornaments, growing purchasing power among consumers, expanding middle class population in Bangladesh, availability of easy financing options by banks and other financial institutions etc.
Some of the notable key players include Navana Gems and the Diamond World. These two companies have a significant market presence and excellent brand recognition.
The online distribution channel for gems & jewelry in Bangladesh is currently experiencing more growth compared to offline.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Bangladesh Gems & Jewelry Market Overview

3.1 Bangladesh Country Macro Economic Indicators

3.2 Bangladesh Gems & Jewelry Market Revenues & Volume, 2019 & 2029F

3.3 Bangladesh Gems & Jewelry Market - Industry Life Cycle

3.4 Bangladesh Gems & Jewelry Market - Porter's Five Forces

3.5 Bangladesh Gems & Jewelry Market Revenues & Volume Share, By Types, 2022 & 2029F

3.6 Bangladesh Gems & Jewelry Market Revenues & Volume Share, By Distribution Channel, 2022 & 2029F

4 Bangladesh Gems & Jewelry Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Bangladesh Gems & Jewelry Market Trends

6 Bangladesh Gems & Jewelry Market, By Types

6.1 Bangladesh Gems & Jewelry Market, By Types

6.1.1 Overview and Analysis

6.1.2 Bangladesh Gems & Jewelry Market Revenues & Volume, By Types, 2019 - 2029F

6.1.3 Bangladesh Gems & Jewelry Market Revenues & Volume, By Rings, 2019 - 2029F

6.1.4 Bangladesh Gems & Jewelry Market Revenues & Volume, By Necklaces, 2019 - 2029F

6.1.5 Bangladesh Gems & Jewelry Market Revenues & Volume, By Earrings, 2019 - 2029F

6.1.6 Bangladesh Gems & Jewelry Market Revenues & Volume, By Bracelets, 2019 - 2029F

6.1.7 Bangladesh Gems & Jewelry Market Revenues & Volume, By Chains and Pendants, 2019 - 2029F

6.1.8 Bangladesh Gems & Jewelry Market Revenues & Volume, By Other , 2019 - 2029F

6.2 Bangladesh Gems & Jewelry Market, By Distribution Channel

6.2.1 Overview and Analysis

6.2.2 Bangladesh Gems & Jewelry Market Revenues & Volume, By Online, 2019 - 2029F

6.2.3 Bangladesh Gems & Jewelry Market Revenues & Volume, By Offline, 2019 - 2029F

7 Bangladesh Gems & Jewelry Market Import-Export Trade Statistics

7.1 Bangladesh Gems & Jewelry Market Export to Major Countries

7.2 Bangladesh Gems & Jewelry Market Imports from Major Countries

8 Bangladesh Gems & Jewelry Market Key Performance Indicators

9 Bangladesh Gems & Jewelry Market - Opportunity Assessment

9.1 Bangladesh Gems & Jewelry Market Opportunity Assessment, By Types, 2022 & 2029F

9.2 Bangladesh Gems & Jewelry Market Opportunity Assessment, By Distribution Channel, 2022 & 2029F

10 Bangladesh Gems & Jewelry Market - Competitive Landscape

10.1 Bangladesh Gems & Jewelry Market Revenue Share, By Companies, 2022

10.2 Bangladesh Gems & Jewelry Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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