Luxury Jewelry Market Growth, Size, Trends ,Analysis and Segment Forecast to 2034
Global Luxury Jewelry Market Growth, Size, Trends Analysis - By Raw Material, By Product, By Application, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Sep-2025 | Report ID: FMCG25174 | Pages: 1 - 244 | Formats*: |
| Category : Consumer & Retail | |||
Luxury Jewelry Market Introduction and Overview
According to SPER Market Research, the Global Luxury Jewelry Market is estimated to reach USD 117.99 billion by 2034 with a CAGR of 8.93%.
The report includes an in-depth analysis of the Global Luxury Jewelry Market, including market size and trends, product mix, Applications, and supplier analysis. The market for luxury jewellery was estimated to be worth USD 50.16 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 8.93% between 2025 and 2034. Over the course of the projection period, it is expected that the luxury jewellery market would increase positively. The increasing millennial population, coupled with their rising spending power, is expected to drive demand. Additionally, evolving lifestyle and fashion trends have prompted consumers to invest more in luxury jewelry as a means of showcasing social status. Furthermore, the growing adoption of online sales channels by key players is likely to create significant growth opportunities for market expansion.
By Raw Material Insights
Gold led the market in 2024 with the highest revenue share, being a sought-after investment during political and economic turmoil. Its cultural importance, lasting appeal, and status as a wealth symbol make it popular among buyers. Gold's flexibility in jewelry design allows for a wide array of styles, enhancing its desirability as an investment. Platinum is expected to see the fastest growth due to its hypoallergenic properties, durability, and rarity, which boost its exclusivity. The growing demand for personalised jewellery fuels interest in platinum, which can be used to create elaborate designs. Furthermore, platinum's inherent white colour highlights the brightness of diamonds and gemstones.
By Product Insights
In 2024, rings held the most market share due to its high emotional significance for life occasions like weddings and engagements. Their customization options cater to personal tastes, contributing to their popularity. Various ring designs, from vintage to bold styles, allow for self-expression. Companies utilize social media and celebrity endorsements in their marketing to influence consumer purchases. Necklace sales are forecasted to rise due to their fashion versatility and the trend of layering multiple pieces, appealing to consumers' desire for unique styles.
By Application Insights
The female segment dominated the market in 2024, as wearing jewelry elevates mood and serves as a cultural symbol linked to social status and identity, especially during significant life events. Discounts from luxury brands create urgency for women, allowing them to acquire luxury pieces at lower costs and forge emotional connections with brands. Meanwhile, men’s jewelry sales are predicted to expand rapidly due to a broader variety of options beyond traditional wedding bands and watches. The growth of e-commerce has made it easier for men to explore and purchase these products, reaching a wider audience.
By Distribution Channel Insights
The offline channel had the highest revenue share in 2024, as many consumers prefer shopping for luxury jewelry in physical stores. The advantages include product demonstrations, the ability to inspect items closely, and personalized assistance from staff. The online channel is anticipated to grow rapidly, providing customization options and convenience for consumers. Online shopping allows customers to explore luxury jewelry from anywhere, with effective digital marketing expanding its audience. Customer reviews and technologies like virtual and augmented reality help customers make informed decisions before buying.
Regional Insights
The Asia Pacific luxury jewelry market led the global market, capturing the largest revenue share in 2024. Jewelry carries profound cultural significance in many APAC nations, often linked to traditions, ceremonies, and celebrations. This cultural connection fosters a steady demand for luxury jewelry items. Luxury brands are increasingly integrating cultural elements to connect with APAC consumers.
Market Competitive Landscape
Guccio Gucci S.p.A., The Swatch Group Ltd., Compagnie Financière Richemont SA, and T&CO. are a few of the well-known businesses in the luxury jewellery industry. These companies prioritize exclusivity, craftsmanship, and innovative designs. They respond to evolving consumer preferences by offering personalized experiences and utilizing digital platforms, which enhances customer engagement. Collaborations with renowned celebrities and designers further increase their visibility. Moreover, these brands strategically expand into emerging markets, focusing on sustainability and ethical sourcing, which resonates with contemporary consumers, thereby ensuring long-term growth and relevance in the competitive luxury sector.
Recent Developments:
In 2023, Titan Company Limited, a leading jewelry retailer in India, is set to launch an invitation-only retail store as part of its strategy to leverage the rising demand for high-end products in the country's consumer market. This prominent company, which offers fine jewellery starting at Rs 10 lakh, wants to satisfy rich consumers. The move into the luxury market aligns with a broader trend where Indian consumer companies are striving to satisfy the increasing demand for upscale and luxurious offerings.
In 2024, Tiffany & Co. has introduced its 'Blue Book 2024' high jewelry collection, showcasing rare gemstones and innovative designs, further solidifying its status as a frontrunner in the luxury jewelry industry.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Raw Material, By Product, By Application, By Distribution Channel |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Guccio Gucci S.p.A, The Swatch Group Ltd, Compagnie Financière Richemont SA, T&CO, GRAFF, LOUIS VUITTON, Signet Jewelers, Chopard, MIKIMOTO, Pandora. |
Key Topics Covered in the Report
- Global Luxury Jewelry Market Size (FY’2021-FY’2034)
- Overview of Global Luxury Jewelry Market
- Segmentation of Global Luxury Jewelry Market By Raw Material (Gold, Platinum, Diamond, Gemstones, Precious Pearls, Others)
- Segmentation of Global Luxury Jewelry Market By Product (Necklace, Ring, Bracelet, Earring, Others)
- Segmentation of Global Luxury Jewelry Market By Distribution Channel (Online, Offline)
- Segmentation of Global Luxury Jewelry Market By Application (Male, Female, Children)
- Statistical Snap of Global Luxury Jewelry Market
- Expansion Analysis of Global Luxury Jewelry Market
- Problems and Obstacles in Global Luxury Jewelry Market
- Competitive Landscape in the Global Luxury Jewelry Market
- Details on Current Investment in Global Luxury Jewelry Market
- Competitive Analysis of Global Luxury Jewelry Market
- Prominent Players in the Global Luxury Jewelry Market
- SWOT Analysis of Global Luxury Jewelry Market
- Global Luxury Jewelry Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs2.2.Market size estimation2.2.1.Top-down and Bottom-up approach2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats5.2.PESTEL Analysis5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape5.3.PORTERs Five Forces5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Luxury Jewelry Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Luxury Jewelry Market
7.Global Luxury Jewelry Market, By Raw Material (USD Million) 2021-2034
7.1.Gold7.2.Platinum7.3.Diamond7.4.Gemstones7.5.Precious Pearls7.6.Others
8.Global Luxury Jewelry Market, By Product (USD Million) 2021-2034
8.1.Necklace8.2.Ring8.3.Bracelet8.4.Earring8.5.Others
9.Global Luxury Jewelry Market, By Distribution Channel (USD Million) 2021-2034
9.1.Online9.2.Offline
10.Global Luxury Jewelry Market, By Application (USD Million) 2021-2034
10.1.Male10.2.Female10.3.Children
11.Global Luxury Jewelry Market, (USD Million) 2021-2034
11.1.Global Luxury Jewelry Market Size and Market Share
12.Global Luxury Jewelry Market, By Region, (USD Million) 2021-2034
12.1.Asia-Pacific12.1.1.Australia12.1.2.China12.1.3.India12.1.4.Japan12.1.5.South Korea12.1.6.Rest of Asia-Pacific12.2.Europe12.2.1.France12.2.2.Germany12.2.3.Italy12.2.4.Spain12.2.5.United Kingdom12.2.6.Rest of Europe12.3.Middle East and Africa12.3.1.Kingdom of Saudi Arabia12.3.2.United Arab Emirates12.3.3.Qatar12.3.4.South Africa12.3.5.Egypt12.3.6.Morocco12.3.7.Nigeria12.3.8.Rest of Middle-East and Africa12.4.North America12.4.1.Canada12.4.2.Mexico12.4.3.United States12.5.Latin America12.5.1.Argentina12.5.2.Brazil12.5.3.Rest of Latin America
13.Company Profile
13.1.Guccio Gucci S.p.A13.1.1.Company details13.1.2.Financial outlook13.1.3.Product summary13.1.4.Recent developments13.2.The Swatch Group Ltd13.2.1.Company details13.2.2.Financial outlook13.2.3.Product summary13.2.4.Recent developments13.3.Compagnie Financière Richemont SA13.3.1.Company details13.3.2.Financial outlook13.3.3.Product summary13.3.4.Recent developments13.4.T&CO13.4.1.Company details13.4.2.Financial outlook13.4.3.Product summary13.4.4.Recent developments13.5.GRAFF13.5.1.Company details13.5.2.Financial outlook13.5.3.Product summary13.5.4.Recent developments13.6.LOUIS VUITTON13.6.1.Company details13.6.2.Financial outlook13.6.3.Product summary13.6.4.Recent developments13.7.Signet Jewelers13.7.1.Company details13.7.2.Financial outlook13.7.3.Product summary13.7.4.Recent developments13.8.Chopard13.8.1.Company details13.8.2.Financial outlook13.8.3.Product summary13.8.4.Recent developments13.9.MIKIMOTO13.9.1.Company details13.9.2.Financial outlook13.9.3.Product summary13.9.4.Recent developments13.10.Pandora13.10.1.Company details13.10.2.Financial outlook13.10.3.Product summary13.10.4.Recent developments13.11.Others
14.Conclusion
15.List of Abbreviations
16.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Luxury Jewelry Market is projected to reach USD 117.99 by 2034, growing at a CAGR of 8.93% during the forecast period.
Luxury Jewelry Market size from 2025. The Market is expected to reach USD 117.99 by 2034, at a CAGR of 8.93% during the forecast period.
Luxury Jewelry Market CAGR of 8.93 % during the forecast period.
You can get the sample pages by clicking the link - Click Here
Luxury Jewelry Market size is USD 117.99 from 2025 to 2034.
Luxury Jewelry Market covered By Raw Material, By Product, By Application, By Distribution Channel
The North America is anticipated to have the highest Market share in the Luxury Jewelry Market .
"Guccio Gucci S.p.A, The Swatch Group Ltd, Compagnie Financière Richemont SA, T&CO, GRAFF, LOUIS VUITTON, Signet Jewelers, Chopard, MIKIMOTO, Pandora.
"
The report includes an in-depth analysis of the Global Luxury Jewelry Market, including market size and trends, product mix, Applications, and supplier analysis
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
