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Download or read book The Future Of The Jewelry Industry, How Emerging Technologies Will Revolutionize The Jewelry Industry, The Benefits Of Leveraging Robots In The Jewelry Industry, And How To Earn Money Online So That You Can Afford To Procure Your Own Jewelry Collection written by Dr Harrison Sachs and published by . This book was released on 2020-09-20 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: This essay sheds light on the future of the jewelry industry and explicates how emerging technologies will revolutionize the jewelry industry. Moreover, the benefits of leveraging robots in the jewelry industry are demystified in this essay. Furthermore, how to earn substantial money online so that you can afford to procure your own jewelry collection is expounded upon in this essay. The future of the jewelry industry will not only be characterized by dynamism as it continues to metaphorically evolve, but will also be eminently auspicious for jewelry industry competitors, supply chain members, and customers. Technological advancements are profoundly changing the jewelry industry and are rendering it all the more technology driven. The jewelry industry industry shows no signs of decelerating anytime in the imminent future. jewelry industry competitors are poised to have prosperous, lucrative, and auspicious futures as disposable incomes rise among customers and as the desire to own more jewelry products builds traction worldwide among customers. Customers are making a more substantial investment into procuring jewelry products. "The value of the jewelry market is expected to increase from about $279,000,000,000 in 2018 to about $480,500,000,000 by 2025. One of the most exciting new innovations in the jewelry industry is lab created diamonds, which are often indistinguishable from natural diamonds, and are expected to become much more common and readily available in the near future" (O'Connell, 2020). Moreover, "increasing disposable income and innovative jewelry designs offered by manufacturers are anticipated to drive the demand for jewelry over the forecast period. The introduction of new designs and emerging fashion trends are attracting more customers. Manufacturers are leveraging this daily change in fashion to innovate more products and designs to attract customers" ("Jewelry Market Size"). Customer demand for jewelry products is growing worldwide partially due to more customers with rising disposable incomes becoming eager to obtain jewelry products that are perceived as status symbols. Furthermore, the jewelry market is slated to grow partially due to more men around the world becoming content with wearing jewelry products. "Products such as plain gold chains, cufflinks, tie bars, cartography necklaces, and signet rings are few of the products common among men" ("Jewelry Market Size"). More customers are keen on being trendy are therefore inclined to buy more recently released jewelry products to be deemed fashionable. In the pending future, demand for bridal jewelry will amplify to an unprecedented height. Women relish wearing jewelry and are often furnished with bridal jewelry during their wedding day. "In nations, such as India, a wedding is considered a huge affair" ("Jewelry Market Size", 2019) as a result of "having a lot of rituals and functions. Growing expenditure on wedding functions is expected to positively impact market growth. Women are focusing on the latest trends of necklaces, hairpins, and bangles. The availability of customization of such products is an important factor that is apt to fuel market growth" ("Jewelry Market Size"). Marriages immensely benefit the global jewelry market by eliciting more sales of bridal jewelry products. The ineffable love for jewelry products is a sensation that is not limited to only being experienced by women. Men also inexplicably love jewellery products and are even keen on flaunting jewelry products to be perceived as fashionable. Furthermore, "Men and women both wear rings, plain gold chains, and anklets as a fashion statement" ("Jewelry Market Size", 2019). Unsurprisingly, "the usage of gold chains and necklaces is no longer limited to weddings and functions". Moreover, jewellery products are not limited to only being gifted during weddings. "Earrings and bracelets for instance are gifted on various occasions or events, such birthdays" ("Jewelry Market Size").