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Global Jewellery Market Share, Size, Growth, Analysis: By Product: Necklace, Ring, Earrings, Charms and Bracelets, Others; By Material Type: Silver, Gold, Platinum, Diamond, Others; By Category: Branded, Unbranded; By End Use: Men, Women; By Distribution Channel: Online, Offline; Regional Analysis; Competitive Landscape; 2024-2032
Global Jewellery Market Outlook
The global jewellery market size attained a value of 327.28 billion in 2023. The market is expected to grow at a CAGR of 4.70% between 2024 and 2032, reaching almost 494.81 billion by 2032.
Key Takeaways
- Silver is more abundant and less expensive, making it a popular choice for fashion jewellery and trendy designs.
- The durability and longevity of gold make it a preferred choice for everyday wear and heirloom pieces.
- Platinum is naturally hypoallergenic, making it an excellent choice for people with sensitive skin or allergies to certain metals.
Ornamental pieces or decorative items made up by shaping and refining jewels or precious metals are known as jewellery. These are used as personal ornaments, which include necklaces, rings, and bracelets, among others, and the cost of the product may vary depending on the type of metal or jewels being used.
Real/ fine jewellery accounts for a massive share of the jewellery market in terms of revenue owing to its luxurious nature and premium look. Made of precious metals or stones like gold or diamond, these pieces are highly valued and are considered a good investment option. Meanwhile, costume/ fashion jewellery is expected to witness an increased adoption in the forecast period. This can be attributed to the increasing consumer preference for fashionable and affordable jewellery that can complement their outfit perfectly. This segment is further bolstered by its low manufacturing cost as less-precious materials are used. Necklaces, charms, and bracelets account for almost 50% of the market share.
The mphasng lifestyles and increasing disposable incomes of people, followed by aggressive branding and advertising executed by key players are the major factors augmenting the jewellery market growth. The increasing demand for premium and luxurious products is significantly contributing to the demand for gold and diamond jewellery. These jewels help enhance the look and overall appearance of an individual and are considered a symbol of high status.
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Key Trends and Developments
Growing popularity of classy pearls and maximalist cuffs; the emergence of sculpted shapes and beaded jewellery; the trend of wearable art; and increased focus of brands on offering improved customer experience are the major trends in the jewellery market
| Date | Company | Event |
| Jan 30, 2024 | Pandora | Declares commitment to sustainability by exclusively using 100% recycled silver and gold in its product lines. |
| Feb 7, 2024 | Malabar Gold & Diamonds | Opens its first showroom in Sydney, Australia, marking expansion into its 13th country of operations. |
| Feb 7, 2024 | CaratLane | Introduces “Postcards,” a new feature powered by innovative machine-learning technology, which enhances the brand’s commitment to open expression. |
| Feb 8, 2024 | PNG Jewellers | Launches a new campaign titled “LiteStyle,” focusing on lightweight jewellery this February. The collection, mphasizing ease and elegance, will be accessible across all PNG Jewellers outlets in India. |
Jewellery Market Trends
The growing popularity of classy pearls and maximalist cuffs and their increasing launch by high jewellery brands like Van Cleef & Arpels, Tiffany & Co., and Harry Winston reflect a broader trend in the luxury fashion and jewellery sector. In an era where personal style and individual expression are highly valued, both pearls and maximalist cuffs offer unique ways for wearers to express their personalities and tastes as pearls can convey sophistication and grace, while maximalist cuffs showcase boldness and creativity.
Further, there is an increasing focus on adopting production methods and materials that conform to principles of sustainable development. In January 2024, Pandora announced that it is using recycled silver and gold in its product lines. This commitment to using 100% recycled silver and gold reflects a significant step towards sustainability in the jewellery market. This move not only reduces the environmental impact associated with mining new materials but also aligns with growing consumer demand for ethically sourced and environmentally friendly products.
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Market Segmentation
“Jewellery Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
| Market Breakup | Categories |
| Product | Necklace, Ring, Earrings, Charms and Bracelets, Others |
| Material Type | Silver, Gold, Platinum, Diamond, Others |
| Category | Branded, Unbranded |
| End User | Men, Women |
| Distribution Channel | Online, Offline |
| Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Earrings, being a staple accessory for women, account for the majority of jewellery market share
Earrings hold a significant share of the total market value, driven by their universal appeal, versatility, and the wide array of designs that cater to diverse consumer tastes and cultural traditions. Earrings are a fundamental accessory in fashion and personal styling, offering individuals a way to express their personal style, mood, or identity. From subtle studs to elaborate statement pieces, earrings can complement various outfits and occasions, making them a staple in personal adornment.
Other jewellery pieces like ring also enjoy considerable popularity. Engagement rings and wedding bands, in particular, are universal symbols of union and partnership, making them essential purchases for couples around the world. Beyond matrimonial significance, rings also symbolise achievements (such as graduation rings), memberships (such as class rings or signet rings), and personal milestones.
Women represent the leading end use segment, and their increased appetite for statement pieces contributes to the jewellery market revenue
Jewellery has been used as a form of adornment by women across different cultures and societies. Jewellery plays a crucial role in fashion and personal styling for many women, allowing them to express their individuality, mood, and style. The vast array of jewellery designs, from classic to contemporary, enables women to complement their attire for different occasions, making jewellery a versatile accessory.
While women traditionally dominate the jewellery market, men are also expected to hold a significant market share, a trend that has been growing over time. There is a shift in societal attitudes towards masculinity and self-expression, with a growing acceptance that jewellery can be a part of men’s fashion. This change has encouraged more men to explore jewellery as a way to accentuate their personal style and express their individuality.
Competitive Landscape
The market players are adopting innovative and sustainable practices, including the use of recycled materials for jewellery production, and expanding their offline and online presence to gain a competitive edge in the market
| Company | Year Founded | Headquarters | Brands/Product Portfolio |
| Compagnie Financière Richemont SA (Buccellati) | 1988 | Geneva, Switzerland | Buccellati, Cartier, and Van Cleef and Arpels |
| Signet Jewelers Ltd. | 1949 | Ohio, United States | Kay Jewelers, Zales, Jared, Banter by Piercing Pagoda, and Diamonds Direct |
| Chow Tai Fook Jewellery Group Limited | 1929 | Hong Kong | CHOW TAI FOOK, HEARTS ON FIRE, SOINLOVE, and ENZO, among others |
| Graff Diamonds Limited | 1960 | London, United Kingdom | The brand ‘Graff’ is known for its exceptional diamonds and gemstones. |
Other major players in the jewellery sector include Harry Winston, Inc., H.Stern (Jewellery) Limited, LVMH Moët Hennessy – Louis Vuitton, Pandora A/S, Swarovski AG, and Tanishq Corporation, among others.
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Jewellery Market Analysis by Region
North America accounts for a significant share of the global market for jewellery and is anticipated to remain one of the leading regions in the forecast period owing to the aggressive advertising and branding of the products. The region boasts a mature and diverse retail landscape that includes a mix of luxury boutiques, department stores, online retailers, and speciality jewellery stores. This variety offers consumers easy access to a wide range of jewellery products, from high-end designer pieces to more affordable fashion jewellery, catering to a broad spectrum of tastes and budgets.
Meanwhile, parts of the Asia Pacific, which include India and China, are rapidly growing in terms of revenue and consumption. Gold is consumed on a large scale in China due to its rapidly developing economy. The growth of the Indian jewellery market can be attributed to the high significance of jewellery in Indian culture, rising living standards, and the growing influence of social media on consumers.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Material Type |
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| Breakup by Category |
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| Breakup by End User |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Trade Data Analysis |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Jewellery Market Analysis
8.1 Key Industry Highlights
8.2 Global Jewellery Historical Market (2018-2023)
8.3 Global Jewellery Market Forecast (2024-2032)
8.4 Global Jewellery Market by Product
8.4.1 Necklace
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Ring
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Earrings
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Charms and Bracelets
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Jewellery Market by Material Type
8.5.1 Silver
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Gold
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Platinum
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Diamond
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Jewellery Market by Category
8.6.1 Branded
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Unbranded
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Jewellery Market by End User
8.7.1 Men
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Women
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Jewellery Market by Distribution Channel
8.8.1 Online
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Offline
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.9 Global Jewellery Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Jewellery Market Analysis
9.1 Market by Product
9.2 Market by Material Type
9.3 Market by Category
9.4 Market by End User
9.5 Market by Distribution Channel
9.6 Market by Country
9.6.1 United States of America
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Canada
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
10 Europe Jewellery Market Analysis
10.1 Market by Product
10.2 Market by Material Type
10.3 Market by Category
10.4 Market by End User
10.5 Market by Distribution Channel
10.6 Market by Country
10.6.1 United Kingdom
10.6.1.1 Historical Trend (2018-2023)
10.6.1.2 Forecast Trend (2024-2032)
10.6.2 Germany
10.6.2.1 Historical Trend (2018-2023)
10.6.2.2 Forecast Trend (2024-2032)
10.6.3 France
10.6.3.1 Historical Trend (2018-2023)
10.6.3.2 Forecast Trend (2024-2032)
10.6.4 Italy
10.6.4.1 Historical Trend (2018-2023)
10.6.4.2 Forecast Trend (2024-2032)
10.6.5 Others
11 Asia Pacific Jewellery Market Analysis
11.1 Market by Product
11.2 Market by Material Type
11.3 Market by Category
11.4 Market by End User
11.5 Market by Distribution Channel
11.6 Market by Country
11.6.1 China
11.6.1.1 Historical Trend (2018-2023)
11.6.1.2 Forecast Trend (2024-2032)
11.6.2 Japan
11.6.2.1 Historical Trend (2018-2023)
11.6.2.2 Forecast Trend (2024-2032)
11.6.3 India
11.6.3.1 Historical Trend (2018-2023)
11.6.3.2 Forecast Trend (2024-2032)
11.6.4 ASEAN
11.6.4.1 Historical Trend (2018-2023)
11.6.4.2 Forecast Trend (2024-2032)
11.6.5 South Korea
11.6.5.1 Historical Trend (2018-2023)
11.6.5.2 Forecast Trend (2024-2032)
11.6.6 Australia
11.6.6.1 Historical Trend (2018-2023)
11.6.6.2 Forecast Trend (2024-2032)
11.6.7 Others
12 Latin America Jewellery Market Analysis
12.1 Market by Product
12.2 Market by Material Type
12.3 Market by Category
12.4 Market by End User
12.5 Market by Distribution Channel
12.6 Market by Country
12.6.1 Brazil
12.6.1.1 Historical Trend (2018-2023)
12.6.1.2 Forecast Trend (2024-2032)
12.6.2 Argentina
12.6.2.1 Historical Trend (2018-2023)
12.6.2.2 Forecast Trend (2024-2032)
12.6.3 Mexico
12.6.3.1 Historical Trend (2018-2023)
12.6.3.2 Forecast Trend (2024-2032)
12.6.4 Others
13 Middle East and Africa Jewellery Market Analysis
13.1 Market by Product
13.2 Market by Material Type
13.3 Market by Category
13.4 Market by End User
13.5 Market by Distribution Channel
13.6 Market by Country
13.6.1 Saudi Arabia
13.6.1.1 Historical Trend (2018-2023)
13.6.1.2 Forecast Trend (2024-2032)
13.6.2 United Arab Emirates
13.6.2.1 Historical Trend (2018-2023)
13.6.2.2 Forecast Trend (2024-2032)
13.6.3 Nigeria
13.6.3.1 Historical Trend (2018-2023)
13.6.3.2 Forecast Trend (2024-2032)
13.6.4 South Africa
13.6.4.1 Historical Trend (2018-2023)
13.6.4.2 Forecast Trend (2024-2032)
13.6.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 7113)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Compagnie Financière Richemont SA (Buccellati)
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Signet Jewelers Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Chow Tai Fook Jewellery Group Limited
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Graff Diamonds Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Harry Winston, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 H.Stern (Jewellery) Limited
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 LVMH Moët Hennessy - Louis Vuitton
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Pandora A/S
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Swarovski AG
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Tanishq Corporation
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Jewellery Market: Key Industry Highlights, 2018 and 2032
2. Global Jewellery Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Jewellery Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Jewellery Historical Market: Breakup by Material Type (USD Billion), 2018-2023
5. Global Jewellery Market Forecast: Breakup by Material Type (USD Billion), 2024-2032
6. Global Jewellery Historical Market: Breakup by Category (USD Billion), 2018-2023
7. Global Jewellery Market Forecast: Breakup by Category (USD Billion), 2024-2032
8. Global Jewellery Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global Jewellery Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global Jewellery Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
11. Global Jewellery Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
12. Global Jewellery Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Jewellery Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Jewellery Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Jewellery Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Jewellery Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Jewellery Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Jewellery Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Jewellery Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Jewellery Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Jewellery Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Jewellery Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Jewellery Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Major Importing Countries by Volume
25. Major Exporting Countries by Volume
26. Major Importing Countries by Value
27. Major Exporting Countries by Value
28. Global Jewellery Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.70% between 2024 and 2032.
The major drivers of the market include aggressive branding and advertising executed by key players and increasing disposable incomes of people.
The increasing consumer preference for fashionable and affordable jewellery and evolving lifestyles of people are the key trends guiding the growth of the market.
The products available in the market are necklace, ring, earrings, and charms and bracelets, among others.
The various material types include silver, gold, platinum, and diamond, among others.
The different categories are branded and unbranded.
The significant types include real/fine and costume.
The different end uses include men and women.
The jewellery market has online and offline distribution channels.
The major players in the market are Compagnie Financière Richemont SA (Buccellati), Signet Jewelers Ltd., Chow Tai Fook Jewellery Group Limited, Graff Diamonds Limited, Harry Winston, Inc., H.Stern (Jewellery) Limited, LVMH Moët Hennessy - Louis Vuitton, Pandora A/S, Swarovski AG, and Tanishq Corporation, among others.
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