The costume jewellery market - Spain

Fashion jewelry is made up of a multitude of jewels characterized by inventiveness in form, material and design, and by the absence of precious materials (gold, silver, diamonds, sapphires, etc.). China remains the world's leading market, and wearing costume jewelry is extremely common in certain Asian countries. The second largest market is India, followed by the United States and, finally, Europe. In Spain, the main manufacturers in the sector are Industrias Cristian Lay, Creve Invest, De Pablos e Hijos accesorios Metalicos, Redstring and Sikno Jewellery. [El Economista] The sector is made up of specialist chains, independent retailers, heavyweights with a presence in Spain and abroad, as well as online pure-players, which have grown rapidly in recent years. The top five companies in the market account for 42% of total sales, and their market share is tending to grow at the expense of independents, who now account for just a quarter of the market. Despite a sharp drop in sales due to the appearance of covid-19 and health restrictions in 2020-2021, the latest industry figures show a marked improvement in sales in 2022. Among the most noteworthy trends of recent years are the ever-increasing growth of online sales, which are driving the sector, the development of a men's range and the use of new materials.