Product Code: GVR-3-68038-093-4
Luxury Jewelry Market Growth & Trends:
The global luxury jewelry market size is anticipated to reach USD 82.1 billion by 2030, registering a CAGR of 8.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. 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. Louis Vuitton used to buy cut gems, but after observing a boom in demand for one-of-a-kind pieces, they began buying uncut stones and working directly with clients to select their final forms. Brands also seek to offer fresh takes on the diamonds themselves, in addition to innovative designs. LVMH patented two distinctive diamond cuts in the shapes of a flower and a star, as well as its monogram.
Many contemporary jewelers have been employing recycled gold for years, while others, such as Lilian Von Trapp and Vieri, work entirely with it. Kering reported 88% traceability for key raw materials during the annual ChangeNow summit in January, a crucial metric for businesses to utilize to check their environmental impacts and sustainability claims. Kering is investing in technology and innovation to assist its sustainability goals, and has built a materials innovation lab for jewelry and watches innovation that is both sustainable and innovative.
Retailers are depending less on purchases made for "special occasions." The share of online jewelry sales in the United States and Western Europe doubled in 2019. Subscription businesses such as Switch, MintGoose, and Pura Vida Jewelry Club allow buyers to borrow high-end jewelry for a fraction of the price of buying it outright.
Luxury Jewelry Market Report Highlights:
- Gold dominated the market with the largest revenue share of 33.1% in 2024. Gold is an alluring investment during times of political and economic crisis.
- Rings dominated the market with the largest revenue share in 2024. Rings hold significant emotional and symbolic value and are commonly used for engagements, weddings, and other meaningful life occasions.
- The offline channel dominated the market, with the largest revenue share in 2024. Several consumers prefer purchasing luxury jewelry from offline stores as opposed to online platforms.
- The female segment dominated the market, with the largest revenue share in 2024. Studies show that wearing jewelry activates the brain's pleasure center, releasing dopamine and enhancing well-being.
- Asia Pacific luxury jewelry market dominated the global market, with the largest revenue share of 66.6% in 2024. Jewelry holds deep cultural importance in many APAC countries, often associated with traditions, ceremonies, and celebrations.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Luxury Jewelry Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales/Retail Channel Analysis
- 3.2.2. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Decisions
- 4.4. Consumer Product Adoption Trends
- 4.5. Observations & Recommendations
Chapter 5. Luxury Jewelry Market: Raw Material Estimates & Trend Analysis
- 5.1. Luxury Jewelry Market Raw Material: Key Takeaways
- 5.2. Raw Material Movement Analysis & Market Share, 2024 & 2030
- 5.3. Luxury Jewelry Market Estimates & Forecast, By Raw Material, 2018 to 2030 (USD Million)
- 5.3.1. Gold
- 5.3.1.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 5.3.2. Platinum
- 5.3.2.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 5.3.3. Diamond
- 5.3.3.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 5.3.4. Gemstone
- 5.3.4.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 5.3.5. Precious Pearl
- 5.3.5.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 5.3.6. Others
- 5.3.6.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
Chapter 6. Luxury Jewelry Market: Product Estimates & Trend Analysis
- 6.1. Luxury Jewelry Market Product: Key Takeaways
- 6.2. Product Movement Analysis & Market Share, 2024 & 2030
- 6.3. Luxury Jewelry Market Estimates & Forecast, By Product, 2018 to 2030 (USD Million)
- 6.3.1. Necklace
- 6.3.1.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 6.3.2. Ring
- 6.3.2.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 6.3.3. Bracelet
- 6.3.3.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 6.3.4. Earing
- 6.3.4.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 6.3.5. Others
- 6.3.5.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
Chapter 7. Luxury Jewelry Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Luxury Jewelry Market Distribution Channel: Key Takeaways
- 7.2. Distribution Channel Movement Analysis & Market Share, 2024 & 2030
- 7.3. Luxury Jewelry Market Estimates & Forecast, By Distribution Channel, 2018 to 2030 (USD Million)
- 7.3.1. Online
- 7.3.1.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 7.3.2. Offline
- 7.3.2.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
Chapter 8. Luxury Jewelry Market: Application Estimates & Trend Analysis
- 8.1. Luxury Jewelry Market Application: Key Takeaways
- 8.2. Application Movement Analysis & Market Share, 2024 & 2030
- 8.3. Luxury Jewelry Market Estimates & Forecast, By Application, 2018 to 2030 (USD Million)
- 8.3.1. Male
- 8.3.1.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 8.3.2. Female
- 8.3.2.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 8.3.3. Children
- 8.3.3.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
Chapter 9. Luxury Jewelry Market: Regional Estimates & Trend Analysis
- 9.1. Luxury Jewelry Market: Regional Outlook
- 9.2. Regional Marketplaces: Key Takeaways
- 9.3. Luxury Jewelry Market Estimates & Forecast, By Region, 2018 to 2030 (USD Million)
- 9.4. North America
- 9.4.1. North America luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.4.2. U.S.
- 9.4.2.1. Key country dynamics
- 9.4.2.2. U.S. luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.4.3. Canada
- 9.4.3.1. Key country dynamics
- 9.4.3.2. Canada luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.4.4. Mexico
- 9.4.4.1. Key country dynamics
- 9.4.4.2. Mexico luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.5. Europe
- 9.5.1. Europe luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.5.2. Germany
- 9.5.2.1. Key country dynamics
- 9.5.2.2. Germany luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.5.3. UK
- 9.5.3.1. Key country dynamics
- 9.5.3.2. UK luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.5.4. France
- 9.5.4.1. Key country dynamics
- 9.5.4.2. France luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.5.5. Italy
- 9.5.5.1. Key country dynamics
- 9.5.5.2. Italy luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.5.6. Spain
- 9.5.6.1. Key country dynamics
- 9.5.6.2. Spain luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.6. Asia Pacific
- 9.6.1. Asia Pacific luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.6.2. China
- 9.6.2.1. Key country dynamics
- 9.6.2.2. China luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.6.3. Japan
- 9.6.3.1. Key country dynamics
- 9.6.3.2. Japan luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.6.4. India
- 9.6.4.1. Key country dynamics
- 9.6.4.2. India luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.6.5. Australia & New Zealand
- 9.6.5.1. Key country dynamics
- 9.6.5.2. Australia & New Zealand luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.6.6. South Korea
- 9.6.6.1. Key country dynamics
- 9.6.6.2. South Korea luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.7. Central & South America
- 9.7.1. Central & South America luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.7.2. Brazil
- 9.7.2.1. Key country dynamics
- 9.7.2.2. Brazil luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.7.3. Argentina
- 9.7.3.1. Key country dynamics
- 9.7.3.2. Argentina luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.8. Middle East & Africa
- 9.8.1. Middles East & Africa luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.8.2. South Africa
- 9.8.2.1. Key country dynamics
- 9.8.2.2. South Africa luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
- 9.8.3. UAE
- 9.8.3.1. Key country dynamics
- 9.8.3.2. UAE luxury jewelry market estimates & forecast, 2018 - 2030 (USD Million)
Chapter 10. Luxury Jewelry Market - Competitive Landscape
- 10.1. Recent Developments & Impact Analysis by Key Market Participants
- 10.2. Company Categorization
- 10.3. Company Market Share, 2024
- 10.4. Company Heat Map/ Positioning Analysis
- 10.5. Strategy Mapping
- 10.6. Company Profiles
- 10.6.1. Guccio Gucci S.p.A.
- 10.6.1.1. Company Overview
- 10.6.1.2. Financial Performance
- 10.6.1.3. Product Benchmarking
- 10.6.1.4. Strategic Initiatives
- 10.6.2. The Swatch Group Ltd
- 10.6.2.1. Company Overview
- 10.6.2.2. Financial Performance
- 10.6.2.3. Product Benchmarking
- 10.6.2.4. Strategic Initiatives
- 10.6.3. Compagnie Financiere Richemont SA
- 10.6.3.1. Company Overview
- 10.6.3.2. Financial Performance
- 10.6.3.3. Product Benchmarking
- 10.6.3.4. Strategic Initiatives
- 10.6.4. T&CO.
- 10.6.4.1. Company Overview
- 10.6.4.2. Financial Performance
- 10.6.4.3. Product Benchmarking
- 10.6.4.4. Strategic Initiatives
- 10.6.5. GRAFF
- 10.6.5.1. Company Overview
- 10.6.5.2. Financial Performance
- 10.6.5.3. Product Benchmarking
- 10.6.5.4. Strategic Initiatives
- 10.6.6. LOUIS VUITTON
- 10.6.6.1. Company Overview
- 10.6.6.2. Financial Performance
- 10.6.6.3. Product Benchmarking
- 10.6.6.4. Strategic Initiatives
- 10.6.7. Signet Jewelers.
- 10.6.7.1. Company Overview
- 10.6.7.2. Financial Performance
- 10.6.7.3. Product Benchmarking
- 10.6.7.4. Strategic Initiatives
- 10.6.8. Chopard
- 10.6.8.1. Company Overview
- 10.6.8.2. Financial Performance
- 10.6.8.3. Product Benchmarking
- 10.6.8.4. Strategic Initiatives
- 10.6.9. MIKIMOTO
- 10.6.9.1. Company Overview
- 10.6.9.2. Financial Performance
- 10.6.9.3. Product Benchmarking
- 10.6.9.4. Strategic Initiatives
- 10.6.10. Pandora
- 10.6.10.1. Company Overview
- 10.6.10.2. Financial Performance
- 10.6.10.3. Product Benchmarking
- 10.6.10.4. Strategic Initiatives