The global Luxury Jewelry market size is expected to be worth around US$ 80.2 billion by 2030, according to a new report by Vision Research Reports.
The global Luxury Jewelry market size was valued at US$ 47.4 billion in 2020 and is anticipated to grow at a CAGR of 12.2% during forecast period 2021 to 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
| 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
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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