Jewelry is expected to record positive constant value performance over the forecast period. Consumers’ rising sophistication and image consciousness with their exposure to international fashion trends via the internet, magazines and other media will raise their demand for jewelry as accessories. Furthermore, consumers’ disposable incomes are expected to increase in the forecast period, therefore raising their ability to purchase different jewelry pieces just to match their outfits accordingly.
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Jewelry recorded a positive current value growth in 2014, despite slightly slowing versus 2013. Consumers’ rising image consciousness was the key contributor to the performance of jewelry, as they invested in jewelry to accessories their outfits. Improved disposable incomes of consumers towards the end of the review period also contributed to their willingness to invest in jewelry.