All jewelry other than imitation is made from platinum, gold and silver. Imitation jewelry is normally made of lead, zinc and other metals.
Imitation jewellery also known as costume jewelry, junk jewelry or trinkets, is very fashionable and is mostly used for a short period of time. It is economically cheaper than other jewellery and women normally buy it accompanying different dresses and outfits. Due to its demand, imitation jewellery is often gold, platinum or silver plated and is normally made of plastic, glass, acrylic and reign.
Silver jewelry is a widely accepted choice for many buyers because of its reasonable price when compared to gold. It is an economic and fashionable choice of jewelry, in fact a designer can purchase silver and use it to create an array of unique designs.
The phenomenal rise in the price of gold as a fallout of the global financial crisis has meant that gold jewelry has somewhat lost its appeal among buyers. Additionally, the “westernization” of the growing middle class in the developing and emerging economies of the east and south east Asia only means that silver and artificial jewelry has seen a steady demographically led demand graph.
With the advancement in technological tools, it has also become quite easy for budding designers to come up with fantastic jewelry designs with minimal turnaround times. The global imitation jewelry industry is worth close to $200 billion USD and is only estimated to grow by at least 6% CAGR in the next few years.
In this report we look at various types of fashion jewelry and also delve into trade related data to understand recent trends in the imitation jewelry trade.
Types of Silver and Imitation Jewelry
There are several different types of silver and imitation jewelry, and it is important to know most, if not all of them before making a purchase decision. Below is a brief summary of the most common types.
This is genuine silver jewellery composed of 95.8% Silver. It is the closest thing to pure silver on the market. Mexican silver also stands neck and neck as it contains 95% silver.
The second most genuine silver jewelry. It is made up of 92.5% silver and 7.5% copper, it’s also among the closest products to pure silver jewelry.
Silver plated or silver electroplated is not real silver. Regardless the thickness and weight it is imitation jewelry.
This also falls into the category of imitation silver. It is composed of nickel, zinc, copper and iron, and bears a silver color. In most cases it doesn’t contain silver, but may be plated with sterling silver.
Another type of imitation jewelry that is mostly a silver colored metal. Because silver tone can be made from many metal alloys, the quality varies from each piece. Some jewellery will look totally genuine, won’t tarnish and last long, whilst others will tarnish quickly and appear to be cheap quality.
Other Indian Variety of Fashion Jewelry
Since India has historically been the biggest consumer of jewelry, different local flavors and designs of jewelry have evolved within the Indian subcontinent itself. Notable ones include Kundan Jewelry, Jadau Jewelry, Meenkari Jewelry, Lac Jewelry, Bead Jewelry and other handcrafted, handicraft jewelries produced by India’s large small scale industry.
International Trade of Silver & Imitation Jewellery
The demand of silver jewelry has been huge over the last decade, and the global credit crunch has had little effect on this. Although imports and exports of pure silver jewelry did feel the credit pinch, imitation jewelry continued flourishing. The wide availability of cheaper imitation jewelry from countries such as India and China has led to most people opting for it. In fact unless there’s close scrutiny, one cannot tell the difference between Hallmark silver and imitation jewelry.
The Biggest Producers, Exporters and Manufacturers of Silver & Imitation Jewellery
The largest producers, exporters and manufacturers of silver jewellery are in Asia, Thailand, India, China, Australia , Turkey and USA. But when it comes to imitation or fashion jewellery China, Hong Kong, Austria, France and India top the list. Some countries do produce both, but in limited quantities and because of that you may not have variety to choose from. This is one sector that is highly unorganized and is ruled by small artisans and manufacturers who have been involved in jewelry making for generations. There are literally hundreds of manufacturers and handicraft stores selling genuine silver and imitation jewelry. Most imitation jewelry produced in India and China look absolutely genuine, and may make the ideal choice for those on budget shopping. However it is important to do thorough research when shopping for silver and imitation jewelry.
Use the internet and read reviews on particular sellers. This will ensure you get the most bang for your buck. Wholesale fashion jewelry sellers are increasingly coming online and setting up digital stores to advertise their products especially on B2B portals such as go4worldbusiness.com etc. It is extremely easy to get in touch with them and request for quotes and additional details about their wares and their manufacturing processes, before making an informed purchase decision.
To see a visual of production and export trends for silver and artificial fashion jewelry, please refer to the tables and graphs provided below.
Largest Consumers of Silver and Imitation Jewellery
It goes without saying, women are the largest buyers of both silver and imitation jewelry. When it comes to the global stage, United States of America, EU (France, Italy, UK, Spain, Germany), UAE, India , Pakistan and China stand as the top guns in trading silver and imitation jewelry. Turkey and Poland are also up and coming artificial jewelry markets. If you are going to be producing or importing such jewelry products on either commercial or small scale, these are the countries to go to.
To see a visual of import and demand trends for silver and artificial fashion jewelry, please refer to the tables and graphs provided below.
Whether you are a seasoned player in the imitation and silver jewellery market or just starting off, you can expect global demand for your products to continue to grow due to favorable demographic factors as well as growing wealth in middle classes around the world. Additionally, increasing fashion consciousness in developing nations is also expected to be positive for this industry.
Spend a couple of hours browsing the web, and find the most reliable jewelry importers or exporters on business to business (B2B) portals and connect with them to buy or sell your products. Check with your local requirements on importing or exporting jewelry and get the best deals online.
A look at some Import/Export and Trading data for Artificial Jewelry around the world