Wholesale Jewelry – Insider’s Analysis, Trends and Opportunities With the rapid development of beauty and fashion industry, the jewelry industry soared up with a historic 26% growth especially in wholesale jewelry field and global sales recorded over US$ 80.8 million according to the latest data revealed by Dane &Byte Jewelry Research. The major growth was due to the high demands of ornaments and beauty-pursuit from modern women nowadays and the increasingly changes in fashion world and jewelry trends.
Researches indicate over 60 million women are buying jewelry online everyday and the data could be more tremendous for offline buyers. More and more women started to follow the high fashion trend to buy wholesale jewelry and cheap costume jewelry to embellish their outfits or improve their looks. And this trend is enforced by celebrities who wear costume jewelry as well since fans usually will intend to copy their idols’ styles. Additionally, with new designs show up every day and mass productions of fashion jewelry factories, women are therefore given more selections and choices to buy. Considering the characteristic of cheap prices of the costume jewelry, most women can afford and prefer to spend more on purchasing new styles of jewelry for wearing. A good reflection of the prosperity of the wholesale jewelry industry can be found
through the large numbers of online and local jewelry and accessories shops and boutiques. As the saying goes” where there is a demand there is a supply” and then a shop or a market naturally. The shop/ boutique owners or resellers have the instinct to see the immense demands for jewelry and fashion accessories and quickly find suppliers to buy wholesale jewelry for profits. So the wholesale jewelry industry is therefore boosted by the unprecedented fashion demands of women and resellers. Wholesale Jewelry China becomes a major trend Many will doubt about from where the resellers are buying wholesale jewelry? You will not miss the answer by guessing, yes, they are mainly buying from China though some supplies come from Thailand, Korea or Malaysia, etc. China, as the world’s largest manufacturing country, supplies most of the products including jewelry. Due to the comparatively cheap labor cost, most jewelry resellers and buyers are enjoying the cheap cost of costume jewelry production in China. According to research, 60% of the wholesale jewelry products are manufactured in Yiwu, a small city in the southeastern part of China. Another major wholesale jewelry origin in China is from Guangdong province. The city of Qingdao is also a popular manufacturer according to our findings, many major U.S. and European brands are buying bulk from Qingdao due to their quality and advanced level of productions. It is noticed wholesale jewelry supplied by Yiwu is the most welcomed by resellers because of the most competitive prices and continuously updated various styles of high fashion designs.
Future Trends and Prospect It goes without doubt the jewelry industry will keep moving forward fastly and more jewelry wholesalers and retailers will join to the business for profits. Women buying cheap costume jewelry will be looking for the latest fashion designs and unique designs, so resellers and manufacturers will need to keep following the new trends in the fashion world and keep researching for meeting their clients’ demands by supplying high quality and unique designs.
With the increment in costs majorly in the human resource cost, jewelry resale business will buy in bulk and will do more wholesale productions in China so as to secure more profits. It is also noticed the wholesale jewelry manufacturing industry starts to move to even cheaper labor cost countries such as Vietnam and Thailand. So in the future, the wholesale jewelry industry and manufacturing may move to other Asian countries based on our estimation. Million Dollar Opportunities for Entrepreneurs
For many entrepreneurs who want to establish their own business, the jewelry industry will be a great choice to start with. With the high volume record of global sales of over US$ 80 million, newbies can also get a slice of the big pie! By utilizing digital marketing tools, young entrepreneurs can easily expand their jewelry resell business by buying wholesale jewelry. Many start-up businesses successfully ran campaigns online through their social media such as Facebook, Twitter or Pinterest and won great deals. Local Physical jewelry and accessories stores will also be a good choice if fund is sufficient. JewelryBund, serving as a professional wholesale bulk jewelry supplier has helped 50000+ online and local jewelry store owners establish and grow in a fast manner, so for buying wholesale jewelry cheap, you can refer to them for success. Start browsing their large collections in great variety for wholesale jewelry here: https://www.jewelrybund.com/2-wholesale-fashion-jewelry Document Tags: Wholesale Jewelry, Wholesale Jewelry China