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Mexico Jewellery Market Size, Share, Trends, Growth: By Product Type: Necklace, Ring, Earring, Bracelet, Others; By Material: Platinum, Gold, Diamond, Others; By End User: Men, Women; By Distribution Channel: Online, Offline; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Mexico Jewellery Market Outlook
The Mexico jewellery market size is projected to grow at a CAGR of 4.1% between 2024 and 2032. The market is being driven by the increasing import of traditional gems and precious stones.
Key Takeaways:
- Mexico is a major producer of silver, and silver jewellery enjoys high popularity in the country.
- Jalisco produces nearly 70% of the total jewellery manufactured in Mexico.
- Online distribution channels are expected to become increasingly popular over the forecast period.
In 2022, Mexico produced 199.2 million ounces of silver. Silver jewellery is very popular in Mexico, with regions like Taxco being renowned for the production of handmade jewellery. Taxco is also commonly referred to as the world’s silver capital.
As Mexico boosts the imports of precious stones and traditional gems from countries like India, the Mexico jewellery market growth is expected to expand. With the signing of new free trade agreements, the 15% import duty levied on Indian jewellery stones is expected to reduce significantly, thereby contributing to the demand for foreign stones and gems.
Personalisation and customisation are some of the key Mexico jewellery market trends, driven by rising fashion consciousness among people and the presence of a strong gifting culture in Mexico. Personalisation of jewellery enables people to express their identities uniquely, apart from serving as a reminder for important occasions like birthdays and anniversaries. Moreover, classic styles in jewellery designs, including diamond studs and simple gold chains, are making a comeback.
As societal norms evolve, the lines between binary and non-binary are blurring, which has prompted the jewellery industry to adapt to these new changes and design new gender-neutral jewellery. This is expected to facilitate the Mexico jewellery market development in the forecast period.
Market Segmentation
Mexico Jewellery Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Necklace
- Ring
- Earring
- Bracelet
- Others
Market Breakup by Material
- Platinum
- Gold
- Diamond
- Others
Market Breakup by End User
- Men
- Women
Market Breakup by Distribution Channel
- Online
- Offline
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
Key Mexico jewellery market players are Pandora A/S, H. Stern Jewelers, Inc., LVMH Moet Hennessy Louis Vuitton SE, Compagnie Financière Richemont SA, JOYERÍA TOUS, S.A, Sabelli S.A. de C.V., Pepe Domínguez Silver Jewellery, Zanfeld, Haramara Jewellery, and FONELLI SA de CV, among others.
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 Type |
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| Breakup by Material |
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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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| 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 Market 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
7 Opportunities and Challenges in the Market
8 Latin America Jewellery Market Overview
8.1 Key Industry Highlights
8.2 Latin America Jewellery Historical Market (2018-2023)
8.3 Latin America Jewellery Market Forecast (2024-2032)
8.4 Latin America Jewellery Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Mexico Jewellery Market Overview
9.1 Key Industry Highlights
9.2 Mexico Jewellery Historical Market (2018-2023)
9.3 Mexico Jewellery Market Forecast (2024-2032)
10 Mexico Jewellery Market by Product Type
10.1 Necklace
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Ring
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Earring
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Bracelet
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Mexico Jewellery Market by Material
11.1 Platinum
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Gold
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Diamond
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Mexico Jewellery Market by End User
12.1 Men
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Women
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Mexico Jewellery Market by Distribution Channel
13.1 Online
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Offline
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Mexico Jewellery Market by Region
14.1 Baja California
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Northern Mexico
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 The Bajío
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Central Mexico
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Pacific Coast
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Yucatan Peninsula
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyers Powers
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Trade Data Analysis (HS Code: 7113)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Pandora A/S
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 H. Stern Jewelers, Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 LVMH Moet Hennessy Louis Vuitton SE
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Compagnie Financière Richemont SA
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 JOYERÍA TOUS, S.A
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Sabelli S.A. de C.V.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Pepe Domínguez Silver Jewellery
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Zanfeld
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Haramara Jewellery
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 FONELLI SA de CV
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Jewellery Market: Key Industry Highlights, 2018 and 2032
2. Mexico Jewellery Market: Key Industry Highlights, 2018 and 2032
3. Mexico Jewellery Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Mexico Jewellery Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Mexico Jewellery Historical Market: Breakup by Material (USD Million), 2018-2023
6. Mexico Jewellery Market Forecast: Breakup by Material (USD Million), 2024-2032
7. Mexico Jewellery Historical Market: Breakup by End User (USD Million), 2018-2023
8. Mexico Jewellery Market Forecast: Breakup by End User (USD Million), 2024-2032
9. Mexico Jewellery Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
10. Mexico Jewellery Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
11. Mexico Jewellery Historical Market: Breakup by Region (USD Million), 2018-2023
12. Mexico Jewellery Market Forecast: Breakup by Region (USD Million), 2024-2032
13. Major Importing Countries by Volume
14. Major Exporting Countries by Volume
15. Major Importing Countries by Value
16. Major Exporting Countries by Value
17. Mexico Jewellery Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.1% between 2024 and 2032.
The different material used in the market include platinum, gold, and diamond, among others.
The major end users in the market include men and women.
The different segments considered in the market report are online and offline.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Pandora A/S, H. Stern Jewelers, Inc., LVMH Moet Hennessy Louis Vuitton SE, Compagnie Financière Richemont SA, JOYERÍA TOUS, S.A, Sabelli S.A. de C.V., Pepe Domínguez Silver Jewellery, Zanfeld, Haramara Jewellery, and FONELLI SA de CV, among others.
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