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Luxury Jewelry Market to Reach US$ 80.2 Bn by 2030

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The global Luxury Jewelry market is expected to grow at a CAGR of around 12.2% over the forecast period 2021 to 2030 and expected to reach the market value of around US$ 80.2 billion by 2030.

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Growth Factors

The growth of the market is predicted to be driven by increased demand for high-end fashion items and rising disposable income levels. Product demand is also projected to be boosted by rising customer desire for branded jewelry. Consumers are willing to spend more money on branded and high-end jewelry to express their personal style.The growing demand for bespoke projects reflects the luxury industry’s need for personalization, but it’s also directly tied to upcycling. The rise in demand for sustainable jewelry and the rise in demand for gender-fluid jewelry are factors boosting the growth of the market for luxury jewelry. Luxury Jewelry has also grown into vehicles for self-expression, with many buyers looking for unique and important pieces. Non-traditional forms, shapes, and materials have found their way into jewelry collections.

Report Highlights

 The gold segment dominated the market for luxury jewelry and accounted for the largest revenue share of 48.9% in 2020. Gold is an alluring investment during times of political and economic crisis. Gold luxury jewelry accounts for half of all gold consumption, with investments accounting for 40% and industry accounting for 10.0%.

The ring segment dominated the market for luxury jewelry and accounted for the largest revenue share of 42.2% in 2020. In comparison to the pre-pandemic period, 65 percent of Americans are now more likely to offer a significant gift to someone they care about. When people are in a relationship, the percentage rises to 77%. At the end of 2020, more than half of customers went out shopping or socializing for the first time since pre-COVID-19.

The women segment dominated the market for luxury jewelry and accounted for the largest revenue share of 79.2%in 2020. The men segment is expected to witness a CAGR of 8.8 % over the forecast period. The majority of people who buy natural diamond jewelry wear it themselves, according to a Consumer Insights Report on Diamond Desirability (US) published by the Natural Diamond Council (NDC) in January 2021.

The offline segment dominated the market for luxury jewelry and accounted for the largest revenue share of 91.9% in 2020. Several consumers prefer purchasing luxury jewelry from offline stores as opposed to online platforms. According to a survey in 2021, even though consumers browsed or selected products online, only 15-20% of them bought jewelry online, and the remainder preferred to purchase these items from physical stores.

Asia Pacific dominated the market for luxury jewelry and accounted for the largest revenue share of 75.4% in 2020. China and India are the two largest markets for luxury jewelry in the region. The latest styles and the need for high-quality jewelry among top customers are two significant drivers driving the market for luxury jewelry in this region.

Key Players

  • 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
Report Coverage Details
Market Size US$ 80.2 billion by 2030
Growth Rate CAGR of 12.2% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Raw Material, Product, Application, Distribution Channel
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned 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

Market Segmentation

  • Raw Material
    • Gold
    • Platinum
    • Diamond
    • Precious Pearls
    • Gemstones
    • Others
  • Product
    • Necklaces
    • Ring
    • Earrings
    • Bracelets
    • Others
  • Application
    • Women
    • Men
    • Children
  • Distribution Channel
    • Online
    • Offline
  • Regional
    • North America
      • U.S.
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • China
      • India
    • Central & South America
      • Brazil
    • Middle East & Africa
      • UAE

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Luxury Jewelry Market, By Raw Material

7.1.  Luxury Jewelry Market, by Raw Material, 2021-2030

7.1.1.    Gold

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Platinum

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Diamond

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Precious Pearls

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Gemstones

7.1.5.1.        Market Revenue and Forecast (2017-2030)

7.1.6.    Others

7.1.6.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Luxury Jewelry Market, By Product

8.1.  Luxury Jewelry Market, by Product, 2021-2030

8.1.1.    Necklaces

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Ring

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Earrings

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Bracelets

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Others

8.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Luxury Jewelry Market, By Application

9.1.  Luxury Jewelry Market, by Application, 2021-2030

9.1.1.    Women

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Men

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Children

9.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Luxury Jewelry Market, By Distribution Channel

10.1.        Luxury Jewelry Market, by Distribution Channel, 2021-2030

10.1.1.  Online

10.1.1.1.      Market Revenue and Forecast (2017-2030)

10.1.2.  Offline

10.1.2.1.      Market Revenue and Forecast (2017-2030)

Chapter 11.      Global Luxury Jewelry Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Raw Material (2017-2030)

11.1.2.  Market Revenue and Forecast, by Product (2017-2030)

11.1.3.  Market Revenue and Forecast, by Application (2017-2030)

11.1.4.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.1.5.2.      Market Revenue and Forecast, by Product (2017-2030)

11.1.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.1.5.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.1.6.2.      Market Revenue and Forecast, by Product (2017-2030)

11.1.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.1.6.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Raw Material (2017-2030)

11.2.2.  Market Revenue and Forecast, by Product (2017-2030)

11.2.3.  Market Revenue and Forecast, by Application (2017-2030)

11.2.4.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.2.5.2.      Market Revenue and Forecast, by Product (2017-2030)

11.2.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.2.5.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.2.6.2.      Market Revenue and Forecast, by Product (2017-2030)

11.2.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.2.6.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.2.7.2.      Market Revenue and Forecast, by Product (2017-2030)

11.2.7.3.      Market Revenue and Forecast, by Application (2017-2030)

11.2.7.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.2.8.2.      Market Revenue and Forecast, by Product (2017-2030)

11.2.8.3.      Market Revenue and Forecast, by Application (2017-2030)

11.2.8.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Raw Material (2017-2030)

11.3.2.  Market Revenue and Forecast, by Product (2017-2030)

11.3.3.  Market Revenue and Forecast, by Application (2017-2030)

11.3.4.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.3.5.2.      Market Revenue and Forecast, by Product (2017-2030)

11.3.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.3.5.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.3.6.2.      Market Revenue and Forecast, by Product (2017-2030)

11.3.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.3.6.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.3.7.2.      Market Revenue and Forecast, by Product (2017-2030)

11.3.7.3.      Market Revenue and Forecast, by Application (2017-2030)

11.3.7.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.3.8.2.      Market Revenue and Forecast, by Product (2017-2030)

11.3.8.3.      Market Revenue and Forecast, by Application (2017-2030)

11.3.8.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Raw Material (2017-2030)

11.4.2.  Market Revenue and Forecast, by Product (2017-2030)

11.4.3.  Market Revenue and Forecast, by Application (2017-2030)

11.4.4.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.4.5.2.      Market Revenue and Forecast, by Product (2017-2030)

11.4.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.4.5.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.4.6.2.      Market Revenue and Forecast, by Product (2017-2030)

11.4.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.4.6.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.4.7.2.      Market Revenue and Forecast, by Product (2017-2030)

11.4.7.3.      Market Revenue and Forecast, by Application (2017-2030)

11.4.7.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.4.8.2.      Market Revenue and Forecast, by Product (2017-2030)

11.4.8.3.      Market Revenue and Forecast, by Application (2017-2030)

11.4.8.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Raw Material (2017-2030)

11.5.2.  Market Revenue and Forecast, by Product (2017-2030)

11.5.3.  Market Revenue and Forecast, by Application (2017-2030)

11.5.4.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.5.5.2.      Market Revenue and Forecast, by Product (2017-2030)

11.5.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.5.5.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Raw Material (2017-2030)

11.5.6.2.      Market Revenue and Forecast, by Product (2017-2030)

11.5.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.5.6.4.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

Chapter 12.  Company Profiles

12.1.              Guccio Gucci S.p.A.

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              The Swatch Group Ltd.

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              Richemont

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              Tiffany & Co.

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              GRAFF

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              Louis Vuitton SE

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              Signet Jewelers Limited

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              Chopard International SA

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.              MIKIMOTO

12.9.1.  Company Overview

12.9.2.  Product Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.           Pandora Jewelry, LLC

12.10.1.               Company Overview

12.10.2.               Product Offerings

12.10.3.               Financial Performance

12.10.4.               Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

Glossary of Terms

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