Jewelry Market Size, Trends and Insights By Product (Necklace, Ring, Earring, Bracelet, Others), By Material (Platinum, Gold, Diamond, Others), By Distribution Channel (Offline Retail Stores, Online Retail Stores), By End User (Men, Women, Children), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Tiffany & Co
- Pandora
- Chow Tai Fook
- Louis Vuitton SE
- Richemont
- GRAFF
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Jewelry Market is expected to record a CAGR of 4.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 371 Billion. By 2033, the valuation is anticipated to reach USD 565 Billion.
Jewelry Market: Overview
Jewelry is an ornamental thing that is worn for personal ornamentation. It is a broad term for accessories made from precious metals, jewels, and other materials. It includes necklaces, bracelets, earrings, rings, and brooches made with metalworking, stone setting, enameling, and filigree.
Furthermore, precious metals, including gold, silver, and platinum, are generally used as basic materials with gemstones. The jewelry can be worn for personal expression. The industry is primarily driven by increased demand for expensive and intricate jewelry.
Moreover, as individuals’ purchasing power has increased and the appeal of fast fashion has grown, fashion jewelry made of plated metals and crystal stones is now available online, influencing the market growth.
Also, prominent players’ adoption of digital marketing is another important variable for expanding the industry. Furthermore, foreign retailers are acquiring local brands to broaden their customer base and gain market share.
- According to the Bureau of Economic Analysis, In July 2024, the disposable personal income in the United States increased by 0.3 percent from the previous month.
- As per the figure given by the World Gold Council, in 2024, global demand for gold jewellery in Q1 came in at 479t, around 3% above the first quarter average from the past five years of 465t.
Jewelry Market: Growth Factors
Increasing disposable income of the population
The increasing disposable income of the population is expected to flourish the growth of the jewelry market. As the global economies grow, the population has the strong purchasing power to invest in precious things. Moreover, consumers are eager to invest money in jewelry that reflects prestige, sophistication and exclusivity.
Besides, the expanding middle-class population, particularly in developing regions, influence revenue share. As per the survey by PRICE (People Research on India Consumer Economy), the Indian middle-class population has increased by 6.3% per year from the year 1995 to 2021.
Shifting fashion trends
The jewelry fashion is constantly evolving. The shifting consumer preference from minimalist designs to sustainable materials offers a potential opportunity. As minimalist jewelry is a term defined by clean lines, basic shapes, and subtle elegance.
Minimalist jewelry not only adds sophistication to the appearance but provides more options for style. Furthermore, when customers became more aware of environmental and social issues, they searched for jewelry made from recycled or upcycled materials, another important growth driver.
Besides, sustainable practices such as conflict-free diamonds and fair-trade gold are increasingly essential for consumers, propelling market growth. Brands that promote environmentally sustainable and ethical manufacturing techniques are gaining popularity in the market.
Jewelry Market: Recent Development
The jewelry industry adopted several strategies, including product launches, acquisitions, collaboration, expansion, etc. Some of the company strategies include:
- In January 2023, Vrai & Oro, LLC launched the bride’s fine jewelry collection VRAI x Brides. The collection includes engagement rings, wedding bands, earrings, necklaces, and bracelets.
- In October 2022, Brilliant Earth, LLC. Launched its Cocktail Ring Collection. The 21-ring collection is crafted with one-of-a-kind, limited edition, lab-grown, and natural gemstones that are brightly colored and embedded in recycled precious metals.
This product launch, expansion, and collaboration strategies have expanded the company’s market presence in the jewelry industry and gained its competitive edge.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Jewelry Market | Paper Card Gift Market | Fast Fashion Market |
| CAGR 4.8% (Approx) | CAGR 17.2% (Approx) | CAGR 10.9% (Approx) |
| USD 565 Billion by 2033 | USD 18,835.05 Million by 2033 | USD 309.8 Billion by 2033 |
Jewelry Market: Challenge
Price volatility
The high price volatility of precious metals and gemstones is a significant restraint for the jewelry market. Political instability, worker strikes, environmental laws, and natural calamities can all potentially interrupt the mining and processing of precious metals and gemstones.
If the disruption happens in major mining nations, it can drastically limit the supply of the materials influencing pricing. Furthermore, the value of precious metals and gemstones is generally related to the US dollar currency. When the dollar strengthens, precious metals and gemstones become more expensive for buyers in other countries, affecting demand and global pricing.
Jewelry Market: Category-Wise Insights
By Product:
The ring segment is expected to dominate the market. Ring sales are increasing worldwide, owing primarily to rising demand for wedding rings and a growing taste for corporate attire.
A prominent trend that has gripped the market in recent years is the increased selling of rings among male consumers. This can be linked to advances in men’s jewelry design and increased trend awareness among men worldwide.
Besides, the bracelet segment is growing at a rapid rate. The expanding popularity of cross-cultural bracelet designs is one of the primary reasons driving global product demand. In this regard, jewelry influenced by Egyptian, European, and Italian traditions is anticipated to gain popularity shortly.
By Material:
The gold segment dominates the jewelry market because gold is a popular material in jewelry making. Gold holds cultural, emotional, and economic worth for people worldwide. Various socio-cultural factors, local market conditions, and traditional customs frequently impact consumers’ purchases of gold.
Besides, the diamond segment shows a rapid expansion. Diamonds come in many shapes: round, oval, cushion, princess, pear, emerald, marquise, Asscher, dazzling, and heart. Their strength, longevity, and efficacy make them popular with consumers and they are frequently regarded as precious family heirlooms.
By End User:
The women segment dominates the jewelry market. The growing disposable income and women’s independence drive the segment expansion. Furthermore, the influence of celebrities and social media drives the industry’s expansion.
Besides, the men segment shows a rapid expansion. The segment expansion is attributed to the increasing product launches in masculine design.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 371 Billion |
| Projected Market Size in 2033 | USD 565 Billion |
| Market Size in 2023 | USD 354 Billion |
| CAGR Growth Rate | 4.8% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product, Material, Distribution Channel, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your research requirements. |
Jewelry Market: Regional Analysis
The Asia Pacific is projected to dominate the jewelry market. The market share growth of jewelry in the region is attributed to the rising purchasing power. Furthermore, the region is also home to many essential firms, like Malabar Golds and Diamonds, Tanishq, Queelin, Wallace Chan, and others with extensive distribution networks.
However, North America is growing significantly in the global jewelry industry. The expansion of the region’s industry is due to the increasing e-commerce sector.
List of the prominent players in the Jewelry Market:
- Tiffany & Co
- Pandora
- Chow Tai Fook
- Louis Vuitton SE
- Richemont
- GRAFF
- Signet Jewelers Limited
- Stern
- Malabar Gold & Diamonds
- Swarovski AG
- Others
The Jewelry Market is segmented as follows:
By Product
- Necklace
- Ring
- Earring
- Bracelet
- Others
By Material
- Platinum
- Gold
- Diamond
- Others
By Distribution Channel
- Offline Retail Stores
- Online Retail Stores
By End User
- Men
- Women
- Children
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Jewelry Market (2024 – 2033) (USD Billion)
- 2.2 Global Jewelry Market: snapshot
- Chapter 3. Global Jewelry Market – Industry Analysis
- 3.1 Jewelry Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing disposable income of the population
- 3.2.2 Shifting fashion trends
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product
- 3.7.2 Market Attractiveness Analysis By Material
- 3.7.3 Market Attractiveness Analysis By Distribution Channel
- 3.7.4 Market Attractiveness Analysis By End User
- Chapter 4. Global Jewelry Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Jewelry Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Jewelry Market – Product Analysis
- 5.1 Global Jewelry Market Overview: By Product
- 5.1.1 Global Jewelry Market Share, By Product, 2023 and 2033
- 5.2 Necklace
- 5.2.1 Global Jewelry Market by Necklace, 2024 – 2033 (USD Billion)
- 5.3 Ring
- 5.3.1 Global Jewelry Market by Ring, 2024 – 2033 (USD Billion)
- 5.4 Earring
- 5.4.1 Global Jewelry Market by Earring, 2024 – 2033 (USD Billion)
- 5.5 Bracelet
- 5.5.1 Global Jewelry Market by Bracelet, 2024 – 2033 (USD Billion)
- 5.6 Others
- 5.6.1 Global Jewelry Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Jewelry Market Overview: By Product
- Chapter 6. Global Jewelry Market: Material Analysis
- 6.1 Global Jewelry Market Overview: By Material
- 6.1.1 Global Jewelry Market Share, By Material, 2023 and 2033
- 6.2 Platinum
- 6.2.1 Global Jewelry Market by Platinum, 2024 – 2033 (USD Billion)
- 6.3 Gold
- 6.3.1 Global Jewelry Market by Gold, 2024 – 2033 (USD Billion)
- 6.4 Diamond
- 6.4.1 Global Jewelry Market by Diamond, 2024 – 2033 (USD Billion)
- 6.5 Others
- 6.5.1 Global Jewelry Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Jewelry Market Overview: By Material
- Chapter 7. Global Jewelry Market: Distribution Channel Analysis
- 7.1 Global Jewelry Market Overview: By Distribution Channel
- 7.1.1 Global Jewelry Market Share, By Distribution Channel, 2023 and 2033
- 7.2 Offline Retail Stores
- 7.2.1 Global Jewelry Market by Offline Retail Stores, 2024 – 2033 (USD Billion)
- 7.3 Online Retail Stores
- 7.3.1 Global Jewelry Market by Online Retail Stores, 2024 – 2033 (USD Billion)
- 7.1 Global Jewelry Market Overview: By Distribution Channel
- Chapter 8. Global Jewelry Market: End User Analysis
- 8.1 Global Jewelry Market Overview: By End User
- 8.1.1 Global Jewelry Market Share, By End User, 2023 and 2033
- 8.2 Men
- 8.2.1 Global Jewelry Market by Men, 2024 – 2033 (USD Billion)
- 8.3 Women
- 8.3.1 Global Jewelry Market by Women, 2024 – 2033 (USD Billion)
- 8.4 Children
- 8.4.1 Global Jewelry Market by Children, 2024 – 2033 (USD Billion)
- 8.1 Global Jewelry Market Overview: By End User
- Chapter 9. Jewelry’sMarket – Regional Analysis
- 9.1 Global Jewelry’sMarket Regional Overview
- 9.2 Global Jewelry’sMarket Share, by Region, 2023 & 2033 (USD Billion)
- 9.3. North America
- 9.3.1 North America Jewelry’sMarket, 2024 – 2033 (USD Billion)
- 9.3.1.1 North America Jewelry’sMarket, by Country, 2024 – 2033 (USD Billion)
- 9.3.1 North America Jewelry’sMarket, 2024 – 2033 (USD Billion)
- 9.4 North America Jewelry’sMarket, by Product, 2024 – 2033
- 9.4.1 North America Jewelry’sMarket, by Product, 2024 – 2033 (USD Billion)
- 9.5 North America Jewelry’sMarket, by Material, 2024 – 2033
- 9.5.1 North America Jewelry’sMarket, by Material, 2024 – 2033 (USD Billion)
- 9.6 North America Jewelry’sMarket, by Distribution Channel, 2024 – 2033
- 9.6.1 North America Jewelry’sMarket, by Distribution Channel, 2024 – 2033 (USD Billion)
- 9.7 North America Jewelry’sMarket, by End User, 2024 – 2033
- 9.7.1 North America Jewelry’sMarket, by End User, 2024 – 2033 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Jewelry’sMarket, 2024 – 2033 (USD Billion)
- 9.8.1.1 Europe Jewelry’sMarket, by Country, 2024 – 2033 (USD Billion)
- 9.8.1 Europe Jewelry’sMarket, 2024 – 2033 (USD Billion)
- 9.9 Europe Jewelry’sMarket, by Product, 2024 – 2033
- 9.9.1 Europe Jewelry’sMarket, by Product, 2024 – 2033 (USD Billion)
- 9.10 Europe Jewelry’sMarket, by Material, 2024 – 2033
- 9.10.1 Europe Jewelry’sMarket, by Material, 2024 – 2033 (USD Billion)
- 9.11 Europe Jewelry’sMarket, by Distribution Channel, 2024 – 2033
- 9.11.1 Europe Jewelry’sMarket, by Distribution Channel, 2024 – 2033 (USD Billion)
- 9.12 Europe Jewelry’sMarket, by End User, 2024 – 2033
- 9.12.1 Europe Jewelry’sMarket, by End User, 2024 – 2033 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Jewelry’sMarket, 2024 – 2033 (USD Billion)
- 9.13.1.1 Asia Pacific Jewelry’sMarket, by Country, 2024 – 2033 (USD Billion)
- 9.13.1 Asia Pacific Jewelry’sMarket, 2024 – 2033 (USD Billion)
- 9.14 Asia Pacific Jewelry’sMarket, by Product, 2024 – 2033
- 9.14.1 Asia Pacific Jewelry’sMarket, by Product, 2024 – 2033 (USD Billion)
- 9.15 Asia Pacific Jewelry’sMarket, by Material, 2024 – 2033
- 9.15.1 Asia Pacific Jewelry’sMarket, by Material, 2024 – 2033 (USD Billion)
- 9.16 Asia Pacific Jewelry’sMarket, by Distribution Channel, 2024 – 2033
- 9.16.1 Asia Pacific Jewelry’sMarket, by Distribution Channel, 2024 – 2033 (USD Billion)
- 9.17 Asia Pacific Jewelry’sMarket, by End User, 2024 – 2033
- 9.17.1 Asia Pacific Jewelry’sMarket, by End User, 2024 – 2033 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Jewelry’sMarket, 2024 – 2033 (USD Billion)
- 9.18.1.1 Latin America Jewelry’sMarket, by Country, 2024 – 2033 (USD Billion)
- 9.18.1 Latin America Jewelry’sMarket, 2024 – 2033 (USD Billion)
- 9.19 Latin America Jewelry’sMarket, by Product, 2024 – 2033
- 9.19.1 Latin America Jewelry’sMarket, by Product, 2024 – 2033 (USD Billion)
- 9.20 Latin America Jewelry’sMarket, by Material, 2024 – 2033
- 9.20.1 Latin America Jewelry’sMarket, by Material, 2024 – 2033 (USD Billion)
- 9.21 Latin America Jewelry’sMarket, by Distribution Channel, 2024 – 2033
- 9.21.1 Latin America Jewelry’sMarket, by Distribution Channel, 2024 – 2033 (USD Billion)
- 9.22 Latin America Jewelry’sMarket, by End User, 2024 – 2033
- 9.22.1 Latin America Jewelry’sMarket, by End User, 2024 – 2033 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Jewelry’sMarket, 2024 – 2033 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Jewelry’sMarket, by Country, 2024 – 2033 (USD Billion)
- 9.23.1 The Middle-East and Africa Jewelry’sMarket, 2024 – 2033 (USD Billion)
- 9.24 The Middle-East and Africa Jewelry’sMarket, by Product, 2024 – 2033
- 9.24.1 The Middle-East and Africa Jewelry’sMarket, by Product, 2024 – 2033 (USD Billion)
- 9.25 The Middle-East and Africa Jewelry’sMarket, by Material, 2024 – 2033
- 9.25.1 The Middle-East and Africa Jewelry’sMarket, by Material, 2024 – 2033 (USD Billion)
- 9.26 The Middle-East and Africa Jewelry’sMarket, by Distribution Channel, 2024 – 2033
- 9.26.1 The Middle-East and Africa Jewelry’sMarket, by Distribution Channel, 2024 – 2033 (USD Billion)
- 9.27 The Middle-East and Africa Jewelry’sMarket, by End User, 2024 – 2033
- 9.27.1 The Middle-East and Africa Jewelry’sMarket, by End User, 2024 – 2033 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Tiffany & Co
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Pandora
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Chow Tai Fook
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Louis Vuitton SE
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Richemont
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 GRAFF
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Signet Jewelers Limited
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 H. Stern
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Malabar Gold & Diamonds
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Swarovski AG
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Others.
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.1 Tiffany & Co
List Of Figures
Figures No 1 to 32
List Of Tables
Tables No 1 to 102
Prominent Player
- Tiffany & Co
- Pandora
- Chow Tai Fook
- Louis Vuitton SE
- Richemont
- GRAFF
- Signet Jewelers Limited
- Stern
- Malabar Gold & Diamonds
- Swarovski AG
- Others
FAQs
The key factors driving the Market are Increasing disposable income of the population, Shifting fashion trends.
The “Necklace” category dominated the market in 2023.
The key players in the market are Tiffany & Co, Pandora, Chow Tai Fook, Louis Vuitton SE, Richemont, GRAFF, Signet Jewelers Limited, H. Stern, Malabar Gold & Diamonds, Swarovski AG, Others.
“Asia Pacific” had the largest share in the Jewelry Market.
The global market is projected to grow at a CAGR of 4.8% during the forecast period, 2024-2033.
The Jewelry Market size was valued at USD 371 Billion in 2024.