Luxury Jewelry Market

The Global Luxury Jewelry Market is estimated to be valued at USD 52.84 Bn in 2024 and is expected to reach USD 89.98 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.

The global luxury jewelry market has been witnessing steady growth in the past few years. Factors such as increasing disposable incomes, changing lifestyle preferences, and growing affinity towards premium and luxury personal accessories have been driving the demand for fine and elaborate jewelry products globally. Moreover, the rising popularity of customized and personalized luxury pieces among affluent consumers is offering lucrative opportunities for craftsmen and designers. Various exclusive collections launched by prominent brands often inspired by different cultures and traditions have also heightened the brand buzz around luxury jewelry. However, macroeconomic challenges stemming from geopolitical issues in key markets continue to restrain the industry expansion to some extent.

 Market Dynamics:

The global luxury jewelry market has been expanding at a moderate pace driven by growing preferences for premium and artistic handcrafted accessories worldwide. Escalating incomes of affluent consumers and their increasing willingness to spend on luxury lifestyle products are primarily boosting the market demand. Furthermore, expanding gold reserves and rising gold prices are encouraging jewelry makers to focus on innovative designs and sophisticated craftsmanship. Meanwhile, online retail of jewelry brands through their websites and e-commerce platforms is augmenting their reach and market visibility. However, economic uncertainties caused due to rising inflationary pressures and supply chain disruptions continue to challenge the industry growth. Additionally, stringent metal purity regulations and high import duties levied on raw materials are restricting manufacturers especially in emerging markets. Nevertheless, increasing cultural diversity and changing purchasing behaviors present significant opportunities for launch of distinctive designer collections globally.

 Key Features of the Study:

• This report provides an in-depth analysis of the global luxury jewelry market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global luxury jewelry market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Guccio Gucci S.p.A., The Swatch Group Ltd., Richemont, Tiffany & Co., GRAFF, Louis Vuitton SE, Signet Jewelers Limited, Chopard International SA, MIKIMOTO, Pandora Jewelry, LLC, Variation, Gem Factory India, Fine Euro, Bvlgari Jewelry, De Beers, Pomellato, Damiani, Fabergé, Chopard, and Piaget.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global luxury jewelry market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global luxury jewelry market.

Detailed Segmentation-

• By Raw Material:
  • Gold
  • Platinum
  • Diamond
  • Precious Pearls
  • Gemstones
  • Others
• By Product Type:
  • Plastic
  • Necklaces
  • Ring
  • Earrings
  • Bracelets
  • Others
• By Distribution Channel:
  • Online
  • Offline
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles:

• Guccio Gucci S.p.A.
• The Swatch Group Ltd.
• Richemont
• Tiffany & Co.
• GRAFF
• Louis Vuitton SE
• Signet Jewelers Limited
• Chopard International SA
• MIKIMOTO
• Pandora Jewelry, LLC
• Variation
• Gem Factory India
• Fine Euro
• Bvlgari Jewelry
• De Beers
• Pomellato
• Damiani
• Fabergé
• Chopard
• Piaget