Jewelry industry. The diamond jewelry accounted for a revenue share of 62.

Jewelry industry. Our report has categorized the market based on product and material. jewelry industry, incumbent jewelry houses will soon be fighting bidding wars against private-equity players with deep pockets. Mar 5, 2023 · How much is the jewelry industry worth? The jewelry industry is worth $298. Jewelry Market: Industry Perspective. 9% between 2025 and 2034. 28bn. jewelry and watch market is valued at approximately $60. The jewelry market is highly influenced by the changing tastes of consumers and the fashion industry. Mar 24, 2025 · statistics Market overview Revenue of the jewelry industry Worldwide 2020-2029 Global diamond jewelry market value 2010-2022 Size of the luxury watches and jewelry market worldwide 2024 See full list on fortunebusinessinsights. %PDF-1. In addition, the growth of e-commerce has been driving the jewelry industry in the region. Jewelry designers and brands adapt their collections to align with current fashion trends. 81 billion in 2023. 3 billion Mar 23, 2025 · In the luxury jewelry sector, Richemont, with its luxury Cartier and Van Cleef & Arpels brands, grew a remarkable 15% in the Americas through the third quarter ending Dec. 13 Billion in 2024 and is predicted to grow to around USD 649. By the mid-1940s, 85% of weddings in the U. September 2024: Pandora introduced its partnership with the virtual earrings platform "Xeno," launching a new line of customizable, blockchain-validated jewelry. According to a report by Bain & Co. and Antwerp World Diamond Centre, the global recovery of the diamond industry beginning in The US jewelry market is a vibrant and dynamic industry that encompasses a wide range of products, including fine jewelry, fashion jewelry, and luxury accessories. 284 crore (US$ 34. These changes come from shifting consumer preferences, new technology, and a stronger focus on sustainability. 80 billion in 2024 to USD 494. 7 %âãÏÓ 197 0 obj > endobj xref 197 29 0000000016 00000 n 0000001691 00000 n 0000001836 00000 n 0000001872 00000 n 0000002888 00000 n 0000003036 00000 n 0000003157 00000 n 0000003271 00000 n 0000059396 00000 n 0000115675 00000 n 0000171850 00000 n 0000228118 00000 n 0000284322 00000 n 0000340501 00000 n 0000340619 00000 n 0000341069 00000 n 0000341486 00000 n 0000341936 00000 n Mar 20, 2025 · Revenue of the jewelry industry Worldwide 2020-2029 (in billion U. Breakup by Product: Necklace; Ring; Earrings; Bracelet; Others Global Luxury Jewelry Market Report Segmentation. New hires could help. It is driven by consumer preferences, fashion trends, and cultural significance. According to Instore, more than half of jewelry store owners are at least 60 years old and fewer than 10% are in their 30s, he said, “making my generation a rare sight to see these days. Mar 28, 2024 · Bullock believes the aging of the jewelry industry is the main reason why stores are closing. featured a double-ring Jun 2, 2025 · L'azurde Jewelry (Saudi Arabia) Gitanjali Gems Ltd. This has led jewelry companies to focus on ethical and sustainable practices, which include responsible sourcing of materials such as conflict-free diamonds and gemstones, as *RBI’s gold purchases surged from 16 tonnes in 2023 to 73 tonnes in 2024, reinforcing confidence in gold reserves. Jewelry Industry Segmentation: IMARC Group provides an analysis of the key trends in each segment of the global jewelry market report, along with forecasts at the global, regional and country levels from 2025-2033. 2 million) in Kushal's, a brand specializing in fashion and silver jewelry. S. 86% in 2023,the availability of new designs and shapes in the product category has been spurring the demand for diamond jewelry among millennials in the country. (India) KEY INDUSTRY DEVELOPMENTS. 89 billion by 2032, exhibiting the CAGR of 7. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. Annual global sales of €148 billion are expected to grow at a healthy clip of 5 to 6 percent each year, totaling €250 billion by 2020. This collaboration aims to beautify sustainability and traceability, permitting customers to Dec 31, 2024 · The jewelry industry is undergoing a significant transformation. Dana, CMO of the Feb 14, 2024 · Valued at just over $350b (with a projected 4. As we look to the future, several key trends are changing the industry. GJEPC held discussions with key international industry leaders in Hong Kong to explore collaboration opportunities and promote India’s gem and jewellery sector. 31 to reach $4. While revenue fell over the pandemic, the jewelry industry is showing signs of recovery and transformation to meet the demands of a changing market. ” Nov 4, 2024 · Looking forward, the industry will need to buckle down to ride out broader luxury turbulence. From market analysis to emerging jewelry trends, National Jeweler covers the important industry topics vital to the everyday success of jewelry professionals Delivering the news jewelers need since 1906 Feb 1, 2014 · The jewelry industry seems poised for a glittering future. Chosen for their long-term potential, Matter Of Form crystallise seven shifts – from modern heirlooms and conscious carats to culture drip and gems Jewelry industry members came away from the 2025 JCK and Luxury shows, which took place June 4 to 9 at the Venetian in Las Vegas, with a sense of Nov 20, 2024 · Crafting Integrity: Ethical Practices in Luxury Fine Jewelry Industry to Boost Sales Conscious consumerism in the United States has influenced the luxury jewelry industry. 5 billion by 2030. 51 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 4. The industry is primarily driven by increased demand for expensive and intricate jewelry. The global jewelry market size was worth around USD 389. During the meetings, GJEPC representatives engaged with Ms. The U. The jewelry can be worn for personal expression. Mar 23, 2025 · In the luxury jewelry sector, Richemont, with its luxury Cartier and Van Cleef & Arpels brands, grew a remarkable 15% in the Americas through the third quarter ending Dec. This market is expected to experience an annual growth rate of 5. Historically characterized by its fragmentation, the market is witnessing a steady shift towards branding, much like what happened with luxury watches in previous decades. In 2025, the revenue in the Jewelry market worldwide is projected to reach a staggering US$375. The apparel industry is about ten times the size of the jewelry industry as measured in annual sales, but the average M&A deal value in apparel (€12 billion) is almost 20 times that in jewelry (€700 million). 4 billion. UK jewelry market The jewelry market in the UKis projected to reach a market size of over USD 7. dollars) Premium Statistic Global gold jewelry demand from 2010 to 2023 The diamond jewelry accounted for a revenue share of 62. 6% during the forecast period. The jewelry industry, known for its rich history and timeless appeal, is moving quickly. com Jun 14, 2021 · In a new report, Business of Fashion and McKinsey identify six seismic shifts that are shaping the fine jewellery and watch industry. 3 billion Conversely, the jewellery industry in the early 20th century launched a campaign to popularise wedding rings for men, which caught on, as well as engagement rings for men, which did not, going so far as to create a false history and claim that the practice had medieval roots. The market is anticipated to grow from USD 269. 7% growth rate sending that number to $482b by 2030), the global jewellery market’s sparkle is yet to dim. Moreover, as individuals’ purchasing power has increased and the appeal of fast fashion has grown, fashion jewelry made of plated metals and crystal stones is now available online, influencing the market *RBI’s gold purchases surged from 16 tonnes in 2023 to 73 tonnes in 2024, reinforcing confidence in gold reserves. Whether it's minimalist, vintage-inspired, or bold statement jewelry, designers continually introduce new styles to cater to evolving consumer preferences. * Lighthouse, a private equity platform, has made a significant investment of Rs. 02%, according to the compound Jewelry market size was valued at USD 256. 40 billion, globally. Analysts expect that a reshuffle in leadership roles within jewellery will drive a new wave of creativity in events, digital innovation and more robust inclusion and diversity efforts, which may help the industry remain in shining . Global Jewelry Market Size, Share, Trends, & Growth Forecast Report Segmented By Product (Necklace, Ring, Earring, Bracelet, and others), By Material, Distribution Channel, End-user, and Region (Latin America, North America, Asia Pacific, Europe, Middle East and Africa), Industry Analysis from 2025 to 2033 Gems and Jewelry Market Detailed research report on the gems and jewelry market, featuring market analysis, industry growth, size, and trends report from 2025 to 2030. Consumer appetite for jewelry, which was dampened by the global recession, now appears more voracious than ever. ihn uzmg kkiqg meezi zdrml mhalfd mlxxl ltsu xksiuf lkxj