The global jewelry and silverware manufacturing market comprises establishments primarily engaged in manufacturing, engraving, chasing or etching jeweler, novelties or precious metal flatware; stamping coins; cutting, slabbing, tumbling, carving, engraving, polishing or faceting precious or semiprecious stones; recutting, repolishing and setting.
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The global jewelry and silverware manufacturing market was valued at $321 billion in 2017, and is expected to be driven by increase in demand for jewelry and silverware by the end users. Asia Pacific was the largest geographic region in the market, accounting for almost half of the global market share.
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China was the largest country in the market, accounting for almost one-fourth of the global jewelry and silverware manufacturing market share.
The top five competitors in the market are Richline Group, Tiffany, James Avery Craftsman, Cartier, and Bulgari. Richline Group is the largest player in the market. Richline Group manufactures and distributes jewelry and offers precious metals, pearls, findings, gemstones, raw materials, hand tools, equipment, displays, packaging products, beads, fashion earrings, and chains.
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