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Global Jewelry Market to Reach $373.39 Billion by 2030, Growing at a CAGR of 5.28%

12-20-2024 05:24 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Jewelry Market

Jewelry Market

๐†๐ฅ๐จ๐›๐š๐ฅ ๐‰๐ž๐ฐ๐ž๐ฅ๐ซ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ญ ๐ญ๐จ ๐‘๐ž๐š๐œ๐ก ๐”๐’๐ƒ ๐Ÿ‘๐Ÿ•๐Ÿ‘.๐Ÿ‘๐Ÿ— ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ

The 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.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

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.

๐‰๐ž๐ฐ๐ž๐ฅ๐ซ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

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.

๐‰๐ž๐ฐ๐ž๐ฅ๐ซ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

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.

๐‰๐ž๐ฐ๐ž๐ฅ๐ซ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

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.

๐‰๐ž๐ฐ๐ž๐ฅ๐ซ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

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…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ซ๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ญ๐จ๐๐š๐ฒ : https://www.maximizemarketresearch.com/request-sample/147820/

๐‰๐ž๐ฐ๐ž๐ฅ๐ซ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

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.

๐‰๐ž๐ฐ๐ž๐ฅ๐ซ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ

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.

๐‰๐ž๐ฐ๐ž๐ฅ๐ซ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

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

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ : The jewelry industry has witnessed significant mergers and acquisitions, such as ๐‹๐•๐Œ๐‡'๐ฌ ๐š๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐“๐ข๐Ÿ๐Ÿ๐š๐ง๐ฒ & ๐‚๐จ
in 2020, enhancing LVMH's position in the luxury jewelry market.

๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ : 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.

๐‚๐จ๐ง๐ฌ๐ฎ๐ฆ๐ž๐ซ ๐๐ซ๐ž๐Ÿ๐ž๐ซ๐ž๐ง๐œ๐ž๐ฌ : 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.

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ค๐ž๐ฒ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‰๐ž๐ฐ๐ž๐ฅ๐ซ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐“๐ฒ๐ฉ๐ž

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.

๐›๐ฒ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ

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.

๐›๐ฒ ๐„๐ง๐-๐ฎ๐ฌ๐ž๐ซ

Men

Women
Children

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž : @https://www.maximizemarketresearch.com/request-sample/147820/

๐‹๐ž๐š๐ซ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐‰๐ž๐ฐ๐ž๐ฅ๐ซ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

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.

๐†๐ž๐ญ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ฌ ๐ญ๐จ ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐š๐ฉ๐ข๐ง๐  ๐ญ๐ก๐ž ๐‰๐ž๐ฐ๐ž๐ฅ๐ซ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

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?

๐†๐š๐ข๐ง ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/147820/

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ.

Past Size and Competitive Landscape
โ€ข Past Pricing and price curve by region
โ€ข Size, Share, Size Forecast by different segment
โ€ข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Segmentation A detailed analysis by segment with their sub-segments and Region
โ€ข Competitive Landscape Profiles of selected key players by region from a strategic perspective

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Rainwater Harvesting Market https://www.maximizemarketresearch.com/market-report/rainwater-harvesting-market/12432/

โ™ฆ Helium Market https://www.maximizemarketresearch.com/market-report/global-helium-market/26772/

โ™ฆ Aluminum Casting Market https://www.maximizemarketresearch.com/market-report/global-aluminum-casting-market/63550/

โ™ฆ Delivery Robots Market https://www.maximizemarketresearch.com/market-report/global-delivery-robots-market/64334/

โ™ฆ Underground Utility Mapping Market https://www.maximizemarketresearch.com/market-report/global-underground-utility-mapping-market/102461/

โ™ฆ Global Semiconductor Lasers Market https://www.maximizemarketresearch.com/market-report/global-semiconductor-lasers-market/33707/

โ™ฆ Global Bio Based Resin Market https://www.maximizemarketresearch.com/market-report/global-bio-based-resin-market/26751/

โ™ฆ Global Silicon anode battery Market https://www.maximizemarketresearch.com/market-report/global-silicon-anode-battery-market/8426/

โ™ฆ Global Automotive Aluminum Extrusion Market https://www.maximizemarketresearch.com/market-report/global-automotive-aluminum-extrusion-market/74708/

โ™ฆ Cervical Cancer Screening Market https://www.maximizemarketresearch.com/market-report/global-cervical-cancer-screening-market/31390/

๐‘๐ž๐š๐œ๐ก ๐Ž๐ฎ๐ญ ๐ญ๐จ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐จ๐ซ ๐ˆ๐ง-๐ƒ๐ž๐ฉ๐ญ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐š๐ง๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ :

MAXIMIZE MARKET RESEARCH PVT. LTD.
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Pune Banglore Highway, Narhe
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sales@maximizemarketresearch.com
www.maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

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Global Bamboo Furniture Market to Grow from USD 13.75 Billion to USD 23.02 Billi โ€ฆ
According to a new report by Maximize Market Research, the global bamboo furniture market was valued at USD 13.75 billion in 2024 and is projected to reach USD 23.02 billion by 2032, growing at a compound annual growth rate (CAGR) of approximately 6.65%. For full access to the data, request a sample report now :https://www.maximizemarketresearch.com/request-sample/111043/ โ™ฆ Key Highlights โ™ฆ Market size & CAGR: USD 13.75 billion (2024) to USD 23.02 billion (2032) atโ€ฆ
Open-Source Intelligence Market Projected to Reach USD 23,887 Million by 2030
09-03-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Open-Source Intelligence Market Projected to Reach USD 23,887 Million by 2030
Open-Source Intelligence Market size was valued at USD 6425.89 Million in 2023 and the total Open-Source Intelligence revenue is expected to grow at a CAGR of 20.63 % from 2024 to 2030, reaching nearly USD 23887.37 Million by 2030. Open-Source Intelligence Market Overview: The Open-Source Intelligence (OSINT) market is a rapidly expanding sector within the broader security and intelligence landscape. It involves the systematic collection, analysis, and interpretation of publicly available informationโ€ฆ

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More Releases for Jewelry

06-07-2025 | Leisure, Entertainment, Miscel โ€ฆ
ABNewswire
Legacy Jewelry LA & Burbank NutriShop Partner to Celebrate Fitness with Custom J โ€ฆ
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 toโ€ฆ
12-23-2024 | Business, Economy, Finances, B โ€ฆ
ABNewswire
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 aโ€ฆ
11-05-2024 | Fashion, Lifestyle, Trends
Electric Jewelry Supplier Co., Ltd.
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 onlyโ€ฆ
05-12-2023 | Fashion, Lifestyle, Trends
ZAM Jewelry
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. "Thereโ€ฆ
03-08-2021 | Advertising, Media Consulting, โ€ฆ
Ken Research Pvt Ltd
Global Jewelry and Silverware Market | Global Jewelry and Silverware Industry | โ€ฆ
The jewelry and silverware market comprises of the sales of jewelry and silverware by several individuals such as organizations, sole traders and partnerships that establish an engrave, chase or etch jewelery, novelties or treasurable metal flatware; stamp coins; cut, slab, tumble, carve, engrave, polish or facet or recut, repolish or reorganized precious or semiprecious stones. According to the report analysis, โ€˜Jewelry And Silverware Global Market Report 2020-30: Covid 19 Impact andโ€ฆ
03-17-2020 | Fashion, Lifestyle, Trends
Panjab Jewelry
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 marketsโ€ฆ