Press release
Global Jewelry Market to Reach $373.39 Billion by 2030, Growing at a CAGR of 5.28%
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ฐ๐๐ฅ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ญ ๐ญ๐จ ๐๐๐๐๐ก ๐๐๐ ๐๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐The global jewelry market, valued at USD 260.46 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 5.28%, reaching approximately USD 373.39 billion by 2030.
๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
The jewelry industry is heavily influenced by evolving fashion trends and consumer preferences. Designers and brands continually adapt their collections to reflect current styles, whether minimalist, vintage-inspired, or bold statement pieces. Customization and personalization have gained prominence, with consumers seeking unique pieces that reflect their individuality. Brands now offer options allowing customers to select metals, gemstones, and design elements to create personalized jewelry.
๐๐๐ฐ๐๐ฅ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's jewelry market is experiencing growth, with projections indicating a 4.87% increase from 2024 to 2029, resulting in a market volume of approximately USD 1.37 billion by 2029.
๐๐๐ฐ๐๐ฅ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's rich cultural heritage and skilled craftsmanship have positioned it as a significant player in the global jewelry market. The country's expertise in gemstone cutting and jewelry manufacturing presents opportunities for growth, particularly in exporting to international markets.
๐๐๐ฐ๐๐ฅ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
In Japan, there is an increasing demand for rings, especially among male consumers. The ring segment is expected to develop at a faster rate over the projected period, driven by a growing appetite for customized products and rising demand for engagement and wedding rings.
๐๐๐ฐ๐๐ฅ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's jewelry market is characterized by a blend of traditional designs and contemporary trends. The market has seen consolidation with major players expanding their presence and investing in new collections to cater to diverse consumer preferences.
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ญ๐จ๐๐๐ฒ : https://www.maximizemarketresearch.com/request-sample/147820/
๐๐๐ฐ๐๐ฅ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's jewelry market is updating with a focus on innovation and sustainability. The rise of lab-grown diamonds and eco-friendly materials is influencing consumer choices, prompting retailers to diversify their offerings to include sustainable options.
๐๐๐ฐ๐๐ฅ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The United States remains a significant market for jewelry, with a strong demand for both luxury and fashion pieces. The market is expected to continue its growth trajectory, driven by economic prosperity and increasing consumer spending on fashion accessories.
๐๐๐ฐ๐๐ฅ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's jewelry market is anticipated to grow at a CAGR of 4.3% from 2024 to 2030. The rising popularity of theme-based jewelry and customized designs is driving market growth, with consumers seeking unique and personalized pieces.
Key Recent Developments
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ : The jewelry industry has witnessed significant mergers and acquisitions, such as ๐๐๐๐'๐ฌ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ข๐๐๐๐ง๐ฒ & ๐๐จ
in 2020, enhancing LVMH's position in the luxury jewelry market.
๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ : The rise of lab-grown diamonds is reshaping the market, offering consumers sustainable and affordable alternatives to natural diamonds. The global lab-grown diamonds market size was valued at USD 25.81 billion in 2023 and is expected to grow at a CAGR of 9.4% from 2024 to 2030, reaching USD 48.42 billion.
๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐ซ๐๐๐๐ซ๐๐ง๐๐๐ฌ : There is a growing demand for personalized and customized jewelry, with consumers seeking pieces that reflect their individual styles and preferences. This trend is driving brands to offer a wider range of customization options.
The global jewelry market is on a robust growth trajectory, with regional markets adapting to local preferences and global trends. The industry's evolution is marked by technological innovations, strategic mergers and acquisitions, and a heightened focus on sustainability and personalization.
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ค๐๐ฒ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฐ๐๐ฅ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ :
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Rings
Necklaces and Pendants
Earrings
Bracelets and Bangles
Watches
Brooches and Pins
Rings, Necklaces and Pendants, Earrings, Bracelets and Bangles, Watches, and Brooches and Pins are the product categories into which the market is divided. With the greatest jewelry market share during the projected period, the rings sector is anticipated to maintain its dominance, having done so in 2022. Particularly important to the appeal and sales of rings are wedding bands and engagement rings. Engagement rings are a mainstay in the jewelry market since they are frequently seen as symbolic and necessary for weddings and proposals.
๐๐ฒ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ
Gold
Diamond
Platinum
Stainless steel
Other
The market is divided into five segments based on material: gold, diamond, platinum, stainless steel, and other. The jewelry market was dominated by the gold and diamond sector in 2022 and is anticipated to continue to do so during the forecast period. Weddings, engagements, and anniversaries are among the life events and special occasions when gold jewelry is worn. In many societies, it has cultural and emotional importance. In addition to its ornamental value, gold is regarded as an investment, which is anticipated to accelerate the expansion of the jewelry sector. Particularly in areas where gold is a form of savings and can be readily sold when needed, people purchase gold jewelry as a store of value.
๐๐ฒ ๐๐ง๐-๐ฎ๐ฌ๐๐ซ
Men
Women
Children
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ญ๐ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐ฏ๐ข๐๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ : @https://www.maximizemarketresearch.com/request-sample/147820/
๐๐๐๐ซ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ข๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฐ๐๐ฅ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ :
1. Tiffany & Co.
2. Pandora
3. Chow Tai Fook
4. Louis Vuitton SE
5. Richemont
6. GRAFF
7. Signet Jewelers Limited
8. H. Stern
9. Malabar Gold & Diamonds
10. Buccellati
11. Cartier
12. LVMH Group
13. SHR Jewelry Group
14. Swarovski
15. Tata Sons Private Ltd
16. The Swatch Group AG
17. Rajesh Exports Ltd.
18. Chopard
19. Hary Winston, Inc.
๐๐๐ญ ๐๐ง๐ฌ๐ฐ๐๐ซ๐ฌ ๐ญ๐จ ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐๐ฉ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐๐ฐ๐๐ฅ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ :
What is Jewelry ?
What is the growth rate of the Jewelry Market?
Which are the factors expected to drive the Jewelry market growth?
What is the CAGR at which the Jewelry market will grow during the forecast period?
What are the different segments of the Jewelry Market?
Which is the fastest growing region in the Jewelry market?
What growth strategies are the players considering to increase their presence in Jewelry ?
What are the upcoming opportunities and trends for the Jewelry Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Jewelry Market?
Who are the leading companies and what are their portfolios in Jewelry Market?
What segments are covered in the Jewelry Market?
Who are the key players in the Jewelry market?
๐๐๐ข๐ง ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐๐ฅ๐ฎ๐๐๐ฅ๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/147820/
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ.
Past Size and Competitive Landscape
โข Past Pricing and price curve by region
โข Size, Share, Size Forecast by different segment
โข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โข Segmentation A detailed analysis by segment with their sub-segments and Region
โข Competitive Landscape Profiles of selected key players by region from a strategic perspective
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
โฆ Rainwater Harvesting Market https://www.maximizemarketresearch.com/market-report/rainwater-harvesting-market/12432/
โฆ Helium Market https://www.maximizemarketresearch.com/market-report/global-helium-market/26772/
โฆ Aluminum Casting Market https://www.maximizemarketresearch.com/market-report/global-aluminum-casting-market/63550/
โฆ Delivery Robots Market https://www.maximizemarketresearch.com/market-report/global-delivery-robots-market/64334/
โฆ Underground Utility Mapping Market https://www.maximizemarketresearch.com/market-report/global-underground-utility-mapping-market/102461/
โฆ Global Semiconductor Lasers Market https://www.maximizemarketresearch.com/market-report/global-semiconductor-lasers-market/33707/
โฆ Global Bio Based Resin Market https://www.maximizemarketresearch.com/market-report/global-bio-based-resin-market/26751/
โฆ Global Silicon anode battery Market https://www.maximizemarketresearch.com/market-report/global-silicon-anode-battery-market/8426/
โฆ Global Automotive Aluminum Extrusion Market https://www.maximizemarketresearch.com/market-report/global-automotive-aluminum-extrusion-market/74708/
โฆ Cervical Cancer Screening Market https://www.maximizemarketresearch.com/market-report/global-cervical-cancer-screening-market/31390/
๐๐๐๐๐ก ๐๐ฎ๐ญ ๐ญ๐จ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ซ ๐๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ :
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
sales@maximizemarketresearch.com
www.maximizemarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
This release was published on openPR.
Permanent link to this press release:
                     Copy
                  
                 Please set a link in the press area of your homepage to this press release on openPR.  openPR disclaims liability for any content contained in this release. 
    You can edit or delete your press release Global Jewelry Market to Reach $373.39 Billion by 2030, Growing at a CAGR of 5.28% here
News-ID: 3793332 • Views: โฆ
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
 
                                            
                                                    Clinical Trials Market Set to Reach USD 88.26 Billion by 2032 with a 6.13% CAGR  โฆ                                                
                                            
                                        
                                            According to a new report by Maximize Market Research, the global Clinical Trials Market was valued at USD 54.83 billion in 2024 and is projected to reach USD 88.26 billion by 2032, growing at a CAGR of 6.13%. A major surge in biopharmaceutical R&D and oncology-focused studies is driving the global clinical trials market toward nearly USD 88.26 billion by 2032 at a 6.13% CAGR.
โบ Get a sample of theโฆ  
                                        
                                     
                                            
                                                    Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5 โฆ                                                
                                            
                                        
                                            Turbo Trainer Market size was valued at USD 281.52 Mn. in 2024 and the total Turbo Trainer revenue is expected to grow at 5.16% through 2025 to 2032, reaching nearly USD 421.03 Mn.
Turbo Trainer Market Overview:
The Turbo Trainer Market is witnessing significant growth as fitness enthusiasts increasingly adopt indoor cycling equipment for year-round training. Turbo trainers, which allow users to convert regular bicycles into stationary exercise machines, have become essentialโฆ  
                                        
                                     
                                            
                                                    Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of  โฆ                                                
                                            
                                        
                                            Sodium Acetate Market size was valued at USD 206.17 Million in 2024, and the total revenue is expected to grow at CAGR of 7 % from 2025 to 2032, reaching nearly USD 354.24 Million.
Sodium Acetate Market Overview:
The Sodium Acetate Market is experiencing steady growth due to its widespread applications across industries such as food and beverage, pharmaceuticals, textiles, and chemical manufacturing. Sodium acetate, a versatile salt of acetic acid, isโฆ  
                                        
                                     
                                            
                                                    India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR - "India Tire  โฆ                                                
                                            
                                        
                                            According to a new report by Maximize Market Research, the India tire market was valued at approximately USD 13.4 billion in 2024 and is expected to climb to USD 27.6 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.6 %. The growth is underpinned by increasing automotive production, growing replacement demand, and rising adoption of radial tyres.
โบ Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/21022/
โฆ Key Highlights
Market sizeโฆ  
                                        
                                    More Releases for Jewelry
                                                    Yaffil Jewelry Expands OEM Services to Global Jewelry Markets                                                
                                            
                                        
                                            As global demand for customized accessories continues to surge, Yaffil Jewelry OEM Services (https://www.yaffiljewellery.com/oemodm-services/) is capturing attention from international brands seeking reliable manufacturing partnerships. Established in 2008 in Dongguan, China, this jewelry production factory has evolved into a comprehensive solution provider for brands worldwide. With the worldwide OEM/ODM jewelry sector projected to expand from $89.65 billion in 2024 to $102.38 billion by 2031, Yaffil's integrated production capabilities position it asโฆ  
                                        
                                    
                                                    Legacy Jewelry LA & Burbank NutriShop Partner to Celebrate Fitness with Custom J โฆ                                                
                                            
                                        
                                            Legacy, a first-gen, veteran, and Latino-owned fine jeweler, partners with NutriShop's Weight Loss Challenge to create a custom pendant symbolizing personal growth. This meaningful piece honors hard-earned milestones, proving that fine jewelry celebrates life's transformations. Known for bespoke craftsmanship, Legacy remains a go-to for custom jewelry in Los Angeles.
Los Angeles, CA - Legacy Jewelry LA, a trusted name in custom jewelry Los Angeles , has partnered with Burbank NutriShop toโฆ  
                                        
                                    
                                                    Gold Father Jewelry Emerges as Miami's Leading Luxury Jewelry Destination                                                
                                            
                                        
                                            North Miami Beach, FL - Gold Father Jewelry, located in the heart of North Miami Beach, has established itself as Miami's premier destination for fine jewelry, offering an unparalleled combination of craftsmanship, customization, and customer service that sets new standards in the luxury jewelry market.
Located here [https://www.google.com/maps/place/GoldFather+Jewelry/@25.9261849,-80.1675289,1131m/data=!3m2!1e3!4b1!4m6!3m5!1s0x88d907ddd83dc4bd:0x826ce199124ffe05!8m2!3d25.9261849!4d-80.1675289!16s%2Fg%2F11n_xzwhkw?entry=ttu&g_ep=EgoyMDI0MTIxMS4wIKXMDSoASAFQAw%3D%3D], Gold Father Jewelry has built its reputation on a foundation of creating lasting memories through expertly crafted pieces. The store specializes in aโฆ  
                                        
                                    
                                                    Custom Pendants Jewelry of The Jewelry Supplier China                                                
                                            
                                        
                                            Custom pendant jewelry is not only a beautiful artwork, but also a great way to express love. Whether it's a holiday or a special anniversary, designing customized pendant jewelry for your wife is one of the most unique ways to express love and gratitude. Contact jewelry suppliers China [ https://jewelrysupplierchina.com/ ] for the best customized prices.
When you can carefully select and make a unique custom pendant jewelry that belongs onlyโฆ  
                                        
                                    
                                                    New Jewelry Brand, ZAM Jewelry, Telling People To "Shut Up"                                                
                                            
                                        
                                            LOS ANGELES - May 16, 2023 - Launched in March 2023, ZAM Jewelry is a black-owned, women-owned business creating bold jewelry in eye-catching designs inspired by a passion for expression and women empowerment. The Los Angeles-based brand prioritizes affordability, craftsmanship, and environmental business practices. 
"I wanted to create a brand that allows women to be bold no matter what age they are," said Esi "Magic" Mensah, ZAM Jewelry Founder. "Thereโฆ  
                                        
                                    
                                                    Panjab Jewelry- A collection of trendy Jewelry                                                
                                            
                                        
                                            The jewelry trade is amongst the oldest form of businesses that has been prosperous since ages. Panjab Jewelry (PJPL) is a leading Manufacturing house in Amritsar, Punjab. Our aim is to take this industry to prominent heights by organizing this sector and further expanding into exports with a world-class quality product range having a special focus on Asian markets. At present, PJPL has laid their footprint and swept the marketsโฆ  
                                        
                                    