Press release
Global Luxury Jewelry Market Set to Soar, Reaching USD 110.52 billion by 2034 with 8.5% CAGR
Luxury Jewelry Market
The luxury jewelry market is expected to gain market growth during the forecast period of 2025-2034. Polaris Market Research analyzes the market to account for USD 110.52 billion by 2034 and is expected to register a CAGR of 8.5% in the above-mentioned forecast period. The market was valued at USD 48.93 billion in 2024.
Market Overview
Luxury jewelry showcases a distinct amalgamation of artistry, craftsmanship, and finest materials, producing products that are not only attractive but also represent singularity and sophistication. Precious metals such as gold, platinum, and silver are the cornerstones of high-end jewelry brands. These metals are selected for their attractiveness, rarity, and capacity to sustain value over time. Diamonds, sapphires, rubies, and emeralds are normal in luxury pieces.
Luxury jewelry is portrayed by careful attentiveness to details and better techniques in its making. Experienced artisans dedicate a notable time and effortinto creating each piece, sanctioning that every particular is ideal. It is also about ingenuity and creativity with components that are frequently exceptional or developed in limited editions to ensure exclusivity.
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Driving Factors
Growing Penetration of E-Commerce Platforms: The growing reach of luxury jewelry e-commerce platforms is bridging the gap between exclusive brands and digitally native consumers, which is notably causing the market development. As per the Census Bureau of the Department of Commerce, in the US, retail e-commerce sales for Q4 2024 were approximated at USD 352.9 billion. This portrays a 22.1% surge as contrasted to Q3, 2024. Thus, the rising penetration of e-commerce platforms is having a favourable impact on luxury jewelry market sales.
Rising Influence of Social Media: The rising influence of social media platforms and tactical associations with stars and influencers for advertising commodities are shaping market landscape. Excessively selected digital campaigns, influencer-driven narration, and real-time content propagation are boosting brand prominence and emotional vibrancy. This shift is speeding up consumer engagement, pushing ambitious value, and fortifying brand legitimacy.
Competitive Landscape
To increase sales across several regions, manufacturers are altering their commodity branding and advertising schemes. Key companies are mentioned below:
• Chopard
• Compagnie Financière Richemont SA
• GRAFF
• Guccio Gucci S.p.A.
• LOUIS VUITTON
• MIKIMOTO
• Pandora
• Signet Jewelers.
• T&CO.
• The Swatch Group Ltd
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Luxury Jewelry Market Report Highlights
📚 In terms of raw material, in 2024, the gold segment accounted for the largest luxury jewelry market share due to its enduring cultural significance, high liquidity, and established status as a symbol of prestige.
📚 Based on distribution channel, in 2024, the offline segment accounted for a larger share of the market as experiential retail remains a critical factor in consumer decision-making.
📚 In 2024, Asia Pacific held the largest share of the luxury jewelry market revenue due to rising disposable incomes.
📚 The North America market is projected to experience significant growth during the forecast period due to high brand consciousness and increased demand for customized and ethically sourced luxury pieces.
Market Segmentation
The luxury jewelry market segmentation is based on raw material, product, distribution channel, end user, and region.
Based on raw material, the gold segment dominated the market in 2024 owing to its persisting cultural importance, high liquidity, and entrenched status as the sign of prestige.
Based on distribution channel, the offline segment accounted for the largest market share in 2024, owing to experiential retail staying as a crucial element in consumer decision-making.
Luxury Jewelry Market, Raw Material Outlook (Revenue - USD Billion, 2020-2034)
• Gold
• Platinum
• Diamond
• Gemstones
• Precious Pearls
• Others
Luxury Jewelry Market, Product Outlook (Revenue - USD Billion, 2020-2034)
• Necklace
• Ring
• Bracelet
• Earring
• Others
Luxury Jewelry Market, Distribution Channel Outlook (Revenue - USD Billion, 2020-2034)
• Online
• Offline
Luxury Jewelry Market, End User Outlook (Revenue - USD Billion, 2020-2034)
• Male
• Female
• Children
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https://www.polarismarketresearch.com/industry-analysis/luxury-jewelry-market
Geographical Insights
Luxury Jewelry Market, Regional Outlook (Revenue - USD Billion, 2020-2034)
🔹 North America
» Raw Material Outlook
» Gold
» Platinum
» Diamond
» Gemstones
» Precious Pearls
» Others
Product Outlook
» Necklace
» Ring
» Bracelet
» Earring
» Others
» Distribution Channel Outlook
» Online
» Offline
» End User Outlook
» Male
» Female
» Children
🔹 Europe
» Raw Material Outlook
» Gold
» Platinum
» Diamond
» Gemstones
» Precious Pearls
» Others
Product Outlook
» Necklace
» Ring
» Bracelet
» Earring
» Others
» Distribution Channel Outlook
» Online
» Offline
» End User Outlook
» Male
» Female
» Children
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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