The Report Covers Global Jewelry Market Size by Country and is segmented by Product Type (Rings, Necklaces, Earrings, Bracelets, Chains and Pendants, and Other Product Types), Distribution Channel (Offline Retail Stores and Online Retail Stores), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers the market size and forecasts in value (in USD billion) for the above segments.

The global jewelry market size reached USD 365.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 580.7 Billion by 2033, exhibiting a growth rate (CAGR) of 5% during 2025-2033. The rising demand for jewelry among individuals, the changing trends and consumer preferences, various technological advancements, and the increasing disposable income of individuals in developing nations are some of the major factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 365.9 Billion
Market Forecast in 2033	USD 580.7 Billion
Market Growth Rate (2025-2033)	5%

IMARC Group provides an analysis of the key trends in each segment of the global jewelry market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on product and material.

Jewelry market is expected to cross the value of USD 494.89 Billion by the end of 2032, expanding at a CAGR of 7.6% during the forecast period.

[223+ Pages Report] The global Jewelry market size is expected to grow from USD 325.46 billion in 2023 to USD 497.52 billion by 2032, at a CAGR of 4.83% from 2024-2032

The global luxury fine jewellery market size is estimated to be valued at US$ 45,700.0 million in 2022 and further grow at 6.5% CAGR from 2022 to 2032. Overall luxury fine jewellery sales are projected to reach a market valuation of ~US$ 85,887.5 million by 2032. The share of the luxury fine jewellery market in its parent market (luxury jewellery market) is around ~30%-35%.

Attribute	Key Insights
Estimated Luxury Fine Jewellery Market Size 2022	US$ 45,700.0 million
Projected Market Size (2032)	US$ 85,887.5 million
Value-based CAGR (2022 to 2032)	~6.5%
Top Players Share in 2021	~5%-10%

Scope of Report

Attribute	Details
Estimated Market Value (2022)	US$ 45,700.0 million
Projected Market Value (2032)	US$ 85,887.5 million
Anticipated Growth Rate (2022-2032)	~6.5% CAGR
Forecast Period	2022 to 2032
Historical Data Available for	2017 to 2021
Market Analysis	US$ Million for Value
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, Oceania & Middle East and Africa (MEA)
Key Countries Covered	The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand
Key Segments Covered	Raw Material, Product Type, Consumer Orientation, Sales Channel and Region
Key Companies Profiled	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 Chopard International SA Others
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

The Report Covers Latin American Jewelry Market Share & Size and it is Segmented by Category (Real Jewelry and Costume Jewelry); by Type (Necklaces, Rings, Earrings, Charms & Bracelets, and Others); by Distribution Channel (Offline Retail Stores and Online Retail Stores); and by Geography (Mexico, Brazil, Colombia, and Rest of Latin America). The report offers market size and forecasts in value (USD million) for all the above segments.

Jewelry Market size was valued at USD 353.27 Billion in 2024 and is projected to reach USD 514.04 Billion by 2031, growing at a CAGR of 4.8% from 2024 to 2031.

Global Jewelry Market Drivers

Rising Disposable Income: As economies expand and disposable incomes rise, people tend to spend more on discretionary purchases, such as jeweler. This tendency is especially noticeable in the luxury segment, where demand for jewelers consisting of precious metals and stones is increasing rapidly.

Evolving Consumer Preferences: Jewelry is no longer considered purely feminine. Men are increasingly accepting of jeweler, driving demand for men’s bracelets, rings, and necklaces. Furthermore, buyers are increasingly looking for unique and personalized pieces that reflect their styles.

Changing Retail Landscape: The rise of e-commerce has made buying jewelry online more accessible and convenient. This development has extended the industry, allowing a larger range of consumers to buy jeweler and enabling smaller, independent jeweler makers to reach a broader audience.

Global Influences: Cross-cultural decorations are becoming increasingly popular, with buyers willing to incorporate design elements from many cultures into their jeweler choices. This style has increased demand for pieces with a cosmopolitan appearance.

The diamond jewelry market, valued at USD 389.5 billion in 2025, is projected to reach USD 605.7 billion by 2035, growing at a CAGR of 4.8%. The market is witnessing a shift in consumer preferences, sustainability trends, and evolving retail strategies.

Metric	Value
Industry Size (2025E)	USD 389.5 billion
Industry Value (2035F)	USD 605.7 billion
CAGR (2025 to 2035)	4.8%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
United States	5.4%

Country	CAGR (2025 to 2035)
United Kingdom	4.9%

Country	CAGR (2025 to 2035)
Germany	5.2%

Country	CAGR (2025 to 2035)
India	6.8%

Country	CAGR (2025 to 2035)
China	7.0%

Competition Outlook

Company Name	Estimated Market Share (%)
De Beers Group	15-20%
Tiffany & Co.	10-15%
Cartier (Richemont)	8-12%
Signet Jewelers	6-10%
Chow Tai Fook Jewellery Group	5-8%
Other Companies (combined)	40-50%

The Report Covers Brazilian Jewelry Market Trends & Forecast. The Market is Segmented by Type (Necklaces, Rings, Earrings, Charms and Bracelets, and Other Types), Distribution Channel (Offline Retail Stores and Online Retail Stores), and Category (Real Jewelry and Costume Jewelry). The Report Offers the Market Sizes and Forecasts in Value (USD) for the Above Segments.

According to Cognitive Market Research, the global Gems and Jewelry Market size is USD 276984.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 110793.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 83095.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 63706.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 13849.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 5539.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Offline retail stores dominate the distribution channel in the gems and jewelry market, offering consumers a tactile and personalized shopping experience that cannot be replicated online.

Market Dynamics of Gems and Jewelry Market

Key Drivers for Gems and Jewelry Market

Rising Disposable Income and Changing Consumer Preferences to Increase the Demand Globally

One of the key drivers in the gems and jewelry market is the rising disposable income among consumers, particularly in emerging economies. As the middle class expands and income levels increase, there is a growing propensity to spend on luxury items, including gems and jewelry. This trend is further bolstered by changing consumer preferences, where there is a shift towards personal adornment and the purchase of high-quality, stylish jewelry pieces as a form of self-expression and status symbol. Additionally, the growing influence of social media and celebrity endorsements has significantly impacted consumer behavior, making branded and designer jewelry highly desirable.

Technological Advancements in Jewelry Manufacturingto Propel Market Growth

Another critical driver is the technological advancements in jewelry manufacturing. Innovations such as 3D printing, computer-aided design (CAD), and laser technology have revolutionized the jewelry industry, enabling the creation of intricate and customized designs with higher precision and efficiency. These advancements not only enhance the aesthetic appeal and uniqueness of jewelry pieces but also reduce production costs and time, making high-quality jewelry more accessible to a broader audience. Furthermore, the use of advanced techniques in gemstone cutting and setting has improved the overall quality and durability of gems and jewelry, attracting discerning customers who seek superior craftsmanship and value.

Restraint Factor for the Gems and Jewelry Market

Fluctuating Raw Material Prices and Supply Chain Disruptions to Limit the Sales

One of the significant restraint factors in the gems and jewelry market is the fluctuation in raw material prices, particularly precious metals and gemstones. The prices of these materials are influenced by various factors such as geopolitical events, economic conditions, and mining regulations, making them highly volatile. This volatility poses challenges for jewelry manufacturers and retailers in terms of cost management and pricing strategies, ultimately impacting profit margins. Additionally, supply chain disruptions, including issues related to sourcing, production, and transportation, can further exacerbate these challenges, leading to delays in product availability and increased operational costs.

Impact of Covid-19 on the Gems and Jewelry Market

The Covid-19 pandemic has had a significant impact on the gems and jewelry market, leading to disruptions in the supply chain, closures of retail stores, and a shift in consumer behavior. The closure of mines and manufacturing units during lockdowns disrupted the supply of raw materials and finished products, leading to a shortage in the market. Additionally, the closure of retail outlets and restrictions on gatherings significantly reduced the demand for jewelry, especially luxury items. However, as restrictions eased and consumer confidence beg...

In 2018, the value of the diamond jewelry market in the United States amounted to approximately 13.08 billion U.S. dollars. This market was forecast to reach a value of 21.66 billion U.S. dollars by 2025.

The global revenue in the 'Jewelry' segment of the accessories market was forecast to continuously increase between 2024 and 2029 by in total 88.1 billion U.S. dollars (+24.59 percent). After the seventh consecutive increasing year, the revenue is estimated to reach 446.33 billion U.S. dollars and therefore a new peak in 2029. Find more information concerning Thailand and Poland. The Statista Market Insights cover a broad range of additional markets.

Snapshot img

Diamond Jewelry Market Size 2025-2029

The diamond jewelry market size is forecast to increase by USD 18.77 billion at a CAGR of 3.2% between 2024 and 2029.

The market is experiencing significant growth, driven by innovation in design and manufacturing technology. The increasing use of computer-aided design (CAD) tools and precious metals like platinum in jewelry production is revolutionizing the industry. Additionally, the adoption of omnichannel strategies is expanding market reach and enhancing customer experience. However, challenges persist, including the presence of counterfeit products in the e-commerce space and the emergence of synthetic diamonds. Consumers continue to seek authenticity and quality in their diamond jewelry purchases, particularly in popular items such as rings and pear shapes. LED technology is also transforming the industry, with innovative applications in jewelry design and display. The market is expected to remain dynamic, with ongoing trends shaping the future of diamond jewelry.

What will be the Size of the Diamond Jewelry Market During the Forecast Period?

Request Free Sample

The market is a global industry characterized by continuous growth and innovation. Valued at billions of dollars, this market caters to diverse consumer preferences, encompassing various types of diamond jewelry such as engagement rings, necklaces, earrings, bracelets, hoop earrings, and heirlooms. Key factors driving market expansion include the timeless appeal of diamond and the endless possibilities for design, with innovations in cut, color, clarity, and carat weight. Consumers seek out a range of diamond cuts, including princess, emerald, radiant, cushion, oval, and round brilliant, among others. Carat weights vary, with popular choices being the 1-carat and 0.50-carat diamonds. The market is also influenced by the increasing use of precious metals and the integration of technology, such as 3D jewelry printing, in the creation of diamond jewelry.
Social media platforms have become essential marketing tools for diamond companies, enabling them to reach wider audiences and showcase their latest offerings. Near-colorless diamonds remain a top choice for many consumers due to their affordability and versatility. Overall, the market continues to evolve, catering to the ever-changing demands of consumers and the industry.

How is the Diamond Jewelry Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product Type

  Rings
  Necklaces
  Earrings
  Bangles
  Pendants


Distribution Channel

  Specialty stores
  Department stores
  Discounters
  Online retailers
  Others


Type

  Natural
  Lab-grown


Geography

  North America

    Canada
    US


  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France


  Middle East and Africa



  South America

By Product Type Insights

The rings segment is estimated to witness significant growth during the forecast period. The market experienced significant growth in 2024, with the rings segment leading the market. Notable companies dominate this sector, providing diamond rings for various occasions, including weddings and engagements. Tanishq alone offers over three thousand unique ring designs. The increasing affluence of the middle class population has driven demand for premium diamond jewelry, particularly during special events. Companies are responding by expanding their offerings to include high-end, luxury products. Innovative designs in diamond jewelry, such as those in hoop earrings, chain jewelry, and pendants, are also gaining popularity.
Companies are utilizing social media platforms, 3D jewelry printing, and online marketing to reach customers. Additionally, there is a growing trend towards sustainable and ethically sourced diamonds, including lab-grown and natural diamonds, as well as precious metal settings in gold, platinum, and silver. Diamond certifications from recognized laboratories add credibility to these products. Jewelry retailers and certification laboratories continue to collaborate to ensure the authenticity and quality of diamond jewelry. Millennials are a significant market for diamond jewelry, with preferences leaning towards near-colorless diamonds and innovative cuts, such as the Princess, Emerald, Radiant, Cushion, Oval, Asscher, Marquise, and Pear cuts.

Get a glance at the market report of share of various segments Request Free Sample

The Rings segment was valued at USD 50.4 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 44% to the growth of the global market

The jewelry market analysis is an assessment of the trends and dynamics influencing the jewelry industry. It involves analyzing various factors such as market size, growth potential, consumer behavior, competitive landscape, and emerging market opportunities. This analysis helps businesses in understanding the current market scenario and formulating effective strategies for sustainable growth.

The Global Jewelry Market Size Was Worth $334.59 Billion in 2022 and Is Expected To Reach $461.26 Billion by the end of 2030, CAGR of 4.08%.

The USA jewelry market is valued at USD 73 billion, based on a five-year historical analysis. This market is primarily driven by increasing consumer spending on luxury items, alongside a significant shift toward online shopping and personalized jewelry options.

According to Cognitive Market Research, from 2024 to 2031, the global market for crystal jewellery is expected to rise at a compound annual growth rate (CAGR) of 5.50%, from a projected USD XX million in 2024.

North America held the major market of more than 40% of the global revenue with a market size of USD xx million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Large market share is held by the offline retail sector. Because of higher conversion rates and the inclination of consumers to try on jewellery before making a purchase, offline retail is becoming increasingly popular.

Market Dynamics of Crystal Jewelry Market

Key Drivers of Crystal Jewelry Market

Numerous Choices on E-Commerce Platforms Driving the Market's Expansion

The availability of spiritual jewellery on many e-commerce sites and company-owned portals increases the product assortments that consumers can choose from, which in turn accelerates the expansion of the spiritual jewellery business. Different age groups find appeal in the assortment of possibilities, which includes rosaries, bracelets, necklaces, pendants, and emblems, among others. Through digital marketing, e-commerce platforms and company-owned websites are bringing in more customers for manufacturers. This makes it easier for them to properly position their items and appeal to a larger client base. Growing digitalization has made knowledge more easily accessible, which has allowed wellness mentors, life coaches, and spiritual gurus to effectively influence large audiences. This has led to an increase in devotional wellness activities, which has further supported market progress.

Growth in Industry is Stimulated by Increased Awareness and Mindfulness Trends

The emphasis on wellness and mindfulness, according to market research on spiritual Jewellery, is a significant market driver that affects demand for a variety of Jewellery products, including yoga lotus earrings, chakra necklaces, and multi-stone pendants. The market for spiritual Jewellery products related to yoga, meditation, and energy healing is driven by the growing number of individuals engaging in these practices. People are becoming more conscious of the value of mindfulness and reflection as well as the use of spiritual Jewellery to increase confidence thanks to increased exposure to social media and other platforms. Using spiritual gold Jewellery, such as malas, bracelets, beads, and healing gemstones, improves one's overall state of wellness. The market for spiritual Jewellery is greatly boosted by the trendy and attractive designs that its participants offer. The market share of spiritual Jewellery is driven by a number of government initiatives, including free trade agreements, gold monetization plans, and lower jewellery tariffs, which increase exports.

Restraint Factors Of Crystal Jewelry Market

Implementation of Value-added Tax, Strict Import and Export Regulations are Limiting Market Growth

Product tariffs have gone up because to the growing number of nations throughout the world enforcing stringent laws against the import and export of ornamental items. Consequently, this drives up the product's ultimate cost and turns off a lot of customers. Furthermore, the introduction of VAT has reduced consumers' purchasing power, particularly with the July 1, 2020, tripling of the VAT rate. As a result, margins were put under pressure as numerous merchants took the tax in order to continue drawing customers. People are feeling uneasy because of the triple Value-Added Tax (VAT) and the increase in gold prices. Rising gold prices and increasing VAT rates have a negative impact on the wholesale industry, which depends on selling i...

The size and share of the market is categorized based on Type (Full Custom Design Service, Part Custom Design Service) and Application (Ring, Necklace, Bracelet, Earrings, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The U.S. Jewelry Market size was valued at USD 75.75 billion in 2023 and is projected to reach USD 100.35 billion by 2032, exhibiting a CAGR of 4.1 % during the forecasts period. Jewelry is ornamental pieces made of precious or non-precious metals, gems, stones, glass, plastic or other materials. Emerging trend of purchasing jewelry among women for self-expression and empowerment is driving growth of jewelry market across the United States. Emerging trends towards the homemade and sustainable jewelry products that are plastic-free, toxin-free and vegan is becoming more popular among consumers. Synthetic or lab grown diamonds are gaining traction in jewelry market due to its sustainability and less environmental impact compared to mined diamonds. Further, retail jewelry stores also offers wide range of services, including designing, manufacturing, remodeling, and repairing which may significantly boost the market growth. Recent developments include: In January 2023, Vrai & Oro, LLC launched the brides fine jewelry collection VRAI x Brides. The collection includes engagement rings, wedding bands, earrings, necklaces, and bracelets. , In September 2022, Tiffany & Co. launched a new campaign collaborating with music superstar Beyoncé to showcase the company's most iconic designs, including Tiffany Lock. Tiffany Lock consists of an avant-garde clasp and diamonds that were hand set by Tiffany master craftsmen. .

The global men’s jewelry market is estimated to attain USD 71,809.77 million by 2032, exhibiting a CAGR of 8.4% during the forecast period.