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OverviewAPI
The global jewelry market is expected to grow at a CAGR of 4.6% from 2023 to 2030, reaching a valuation of US$ 488.21 billion. Trends include sustainable and ethical sourcing, the rise of lab-grown diamonds, personalization, online sales, smart jewelry, vintage and antique jewelry, statement earrings, gender-neutral designs, and men's jewelry. However, challenges include fluctuating raw material prices, economic downturns, counterfeit products, changing consumer preferences, competition from alternative products, environmental concerns, and skilled labor shortage.

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