Market Trends of Chalcedony Earrings Industry
This section covers the major market trends shaping the Chalcedony Earrings Market according to our research experts:
Increased export of chalcedony stones
The export of chalcedony stones has witnessed an increasing trend from countries such as Brazil, Mexico, and India, where the US has the leading demand for chalcedony earrings among developed countries. Also, the abundant availability and affordability of the chalcedony stone make it a feasible choice for fashion jewelry. In addition, belief in the positive effects of the gemstone has fueled the market sales of chalcedony. The burgeoning global demand has also led to increased international trade in chalcedony earrings. The major origins of chalcedony stones available at a global level include those from Uruguay, India, Madagascar, Myanmar, Mexico Brazil, and Southwestern Africa. India is one of the largest consumer bases of chalcedony-based jewelry, including earrings. The country also exports a large quantity of jewelry, to the tune of USD 12.2 billion, which also includes a large share for chalcedony-based jewelry.
North America is driving the market
North American region is witnessed to show an increasing trend in the market owing to the increasing demand and production of varieties of chalcedony stones such as Amberine, Azurchalcedony, Creolite, Fairburn Agate and Wilkite. Also, high disposable income of the middle class and demand for chalcedony earrings and other jewelry in the region has further enhanced the growth of the market.
