The Jewelry Market report segments the industry into By Product Type (Rings, Necklaces, Earrings, Bracelets, Chains and Pendants, Other Product Types), By Distribution Channel (Offline Retail Stores, Online Retail Stores), and Geography (North America, Europe, Asia-Pacific, South America, Middle-East and Africa). Get five years of historical data alongside five-year market forecasts.

Costume Jewelry Market Size And Forecast

Costume Jewelry Market size was valued at USD 43.01 Billion in 2024 and is projected to reach USD 69.59 Billion by 2031, growing at a CAGR of 6.20% from 2024 to 2031.

Global Costume Jewelry Market Drivers

Increasing fashion consciousness: The growing awareness of fashion and personal style is driving the demand for costume jewelry to complement outfits and express individuality.

Affordability: Costume jewelry is generally more affordable than fine jewelry, making it accessible to a wider range of consumers.

Variety and trends: The fashion industry constantly introduces new trends and styles, leading to a demand for variety in costume jewelry designs.

Global Costume Jewelry Market Restraints

Perception of quality: Some consumers may perceive costume jewelry as inferior to fine jewelry, limiting its demand.

Economic fluctuations: The demand for costume jewelry can be impacted by economic downturns, as consumers may reduce spending on non-essential items.

Jewelry market accounted for USD 494.89 Billion in 2032 and is expected to grow at a CAGR of 7.6% over the forecast period according to PMR

The global jewelry market size attained a value of USD 327.28 Billion in 2024. The market is expected to grow at a CAGR of 4.70% between 2025 and 2034, reaching almost USD 518.07 Billion by 2034. The market growth is currently driven by two primary factors: a growing demand for goods and changing consumer preferences. There is an increasing number of manufacturers staying up to date with changing consumer demands by combining innovation with fresh designs. Jewelry makers are rapidly introducing unique designs in silver, gold, and oxidized materials in response to the growing product demand for upscale jewelry, thereby boosting the opportunities in the overall market over 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 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 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.

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%.

According to the research report, the Order Processing Software market is estimated to reach USD 92.83 billion by 2035, its 2025 value being USD 51.83 billion. The Order Processing Software market CAGR is 6.0% during the period 2025 to 2035.

Metric	Value
Market Size (2025E)	USD 51.83 billion
Market Value (2035F)	USD 92.83 billion
CAGR (2025 to 2035)	6.0%

Country wise Insights

Country	CAGR (2025 to 2035)
United States	5.8%

Country	CAGR (2025 to 2035)
United Kingdom	5.9%

Region	CAGR (2025 to 2035)
European Union (EU)	6.0%

Country	CAGR (2025 to 2035)
Japan	6.2%

Country	CAGR (2025 to 2035)
South Korea	6.1%

Competitive Outlook: Luxury Fine Jewellery Market

Company Name	Estimated Market Share (%)
Guccio Gucci S.p.A.	14-18%
The Swatch Group Ltd.	12-16%
Richemont	12-16%
Tiffany & Co.	10-14%
GRAFF	8-12%
Louis Vuitton SE	7-11%
Signet Jewelers Limited	6-10%
Chopard International SA	5-9%
MIKIMOTO	4-8%
Pandora Jewelry , LLC	4-7%
Other Companies (combined)	25-35%

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India Jewelry Market Size 2025-2029

The jewelry market size in India is forecast to increase by USD 25.6 billion at a CAGR of 5.9% between 2024 and 2029.

The jewelry market is experiencing significant growth, driven by the cultural significance of precious metals, gems, and stones, particularly In the context of bridal designs and custom-made pieces. The rise of online sales through e-commerce platforms has revolutionized the industry, making diamond jewelry and other fine pieces more accessible to consumers. Platinum, polished diamonds, and other high-end gems and jewellery continue to be popular choices for special occasions and everyday wear. 
The increasing popularity of e-commerce has led to the availability of costume jewelry and wedding services online. As gold prices remain high, consumers are seeking alternatives such as lab-grown diamonds and other precious metals. Overall, the jewelry market is expected to continue its growth trajectory, with consumers in North America and beyond showing a strong demand for both traditional and innovative designs.

What will be the Size of the market During the Forecast Period?

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The global jewelry market encompasses a wide range of merchandise, including gemstones, lab-grown diamonds, watches, accessories, and more. This market exhibits growth, driven by increasing consumer spending on luxury items and the continuous expansion of B2C enterprises. Exports play a significant role In the jewelry industry's dynamics, with many countries serving as key exporters. Virtual buyer-seller meets and export promotion initiatives facilitate international trade. Jewelry demand is influenced by various cultural and religious occasions, such as Baisakhi, Karva Chauth, Durga Puja, Gudi Pavda, Akshaya Tritiya, and Indian weddings.
Gold remains a popular choice for jewelry due to its cultural significance and value as a precious metal. The trend towards lab-grown diamonds is also exponential, offering a more sustainable and cost-effective alternative to natural diamonds. Retail sales of jewelry and related accessories, including luggage and bags, continue to rise, fueled by the growing affluence of consumers worldwide. The jewelry market is expected to maintain its upward trajectory, reflecting the enduring appeal of these items as expressions of personal style, status, and tradition.

How is this market segmented and which is the largest segment?

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

Type

  Gold
  Diamond
  Others


Distribution Channel

  Specialist retailers
  Online


End-user

  Women
  Men


Product Type

  Necklaces and chains
  Earrings
  Others


Geography

  India

By Type Insights

The gold segment is estimated to witness significant growth during the forecast period.

The Indian jewelry market is dominated by gold, driven by increasing income levels and cultural traditions. Gold jewelry demand continues to grow, influenced by international gold prices, inflation, and financial regulations. Younger generations' preferences are shifting due to alternative materials and designs. Gold remains popular for special occasions and investment. The Indian jewelry industry includes merchants, manufacturers, and exhibitors at events like the Internal Jewellery Show and Virtual Buyer-Seller Meets. Exports of gold jewelry, loose diamonds, and gemstones contribute significantly to India's Gross Domestic Product (GDP) and merchandise exports.

The market includes fine jewelry, plain gold, gold-studded, diamond-studded, and silver jewellery. Gold coins and monetization schemes are also popular. Custom and import duties, hallmarking, and consumer spending on jewelry, accessories, watches, luggage, and bags are key factors. The industry employs numerous family jewellers, branded jewelry retailers, and manufacturers. Despite competition from imitation and luxury fashion jewellery, gold remains a trusted choice for the elite class, particularly women.

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Market Dynamics

Our India Jewelry Market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of India Jewelry Market?

The cultural significance of jewelry is the key driver of the market.

The Indian jewelry market holds significant importance due to the cultural significance of gold, which is often seen as a symbol of prosperity and wealth. India is the world's second-largest consumer of gold, with high demand driven by

Online jewelry and watch sales have grown, with the popularity of online shopping driving the industry's strong revenue performance. Demand for jewelry and watches has increased as consumers with higher rates of disposable income have increasingly purchased higher-priced discretionary goods. Despite the economic disruptions brought on by the pandemic, online jewelry and watch sales continued to grow as the popularity of online shopping skyrocketed and consumers with higher incomes continued to make luxury purchases. Overall, revenue is set to grow at an estimated CAGR of 9.2% to $14.3.billion through 2024, including an increase of 0.1% drop that year alone. Unfavorable macroeconomic conditions, including increasing unemployment rate and economic uncertainty, were expected to decrease consumer spending on discretionary goods. However, as consumers spent less on travel and events because of social distancing restrictions, many retail industries experienced increased revenue. Online retailers specifically experienced increased demand as traditional brick-and-mortar stores were forced to temporarily close operations; even consumers who were reluctant to shop online were forced to shift to online retailers to satisfy their demand. Fluctuating input prices also impacted retailers, as jumps in gold and silver prices pushed jewelry prices higher, supporting revenue growth. Online sellers have become more profitable since retailers have efficiently passed down these cost increases to buyers. Online jewelry and watch sellers will continue to experience growth, although at a slower rate. As consumers find themselves with more cash on hand and greater financial stability, demand for the industry's largest revenue drivers, such as jewelry for special events, will increase. However, consumers' unease regarding purchasing high-priced, specialized items from online retailers will continue. Moreover, competition will continue mounting as small, niche retailers continue to enter the industry. As a result, revenue is forecast to rise at a CAGR of 2.4% to $16.0 billion through the end of 2029.

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 JEWELRY Market size was valued at USD 224.39 USD Billion in 2023 and is projected to reach USD 315.53 USD Billion by 2032, exhibiting a CAGR of 4.99 % during the forecast period. Jewellery, a practice that has adorned history for millennia, is a flashing art form which shows off personal taste and cultural heritage. The term jewellery is used to designate the adornments either worn for ornamentation purposes or for expressing one’s cultural and personal attributes. This can be anything from gold and silver to petrified trees or intricate strings of beads. Generally, the different styles are crafted as different accessories such as rings, necklaces, bracelets, earrings, and brooches, each having its individual craftsmanship and symbolism attached to it. It comes in various designs, from the clean simple ones to the most luxurious and detailed ones. The diversity of the designs reflects the different tastes and the nature of the event. Beyond decoration, jewellery has additional purposes including status symbols, cultural references, and for some religions, the belief in spirits, but not mere aesthetics. Nowadays, jewellery is used not only for fashion but also for celebrations, rituals, and investments, providing us with a material embodiment of a distant past and our identity. Jewellery offers more than just aesthetic value here, as it becomes the vessel through which you can celebrate important moments and make deep ties with people. Recent developments include: January 2023 – Tanishq, a Titan Ltd-owned jewelry brand, entered the U.S. market by opening its first store in New Jersey. The store houses over 6,500 jewels designs in 18 and 22-karat gold and diamond., September 2022 – Chaulaz Heritage Jewellery, an Indian designer ornament brand, strengthened its bridal portfolio by launching the ‘Basra’ collection — the hand-crafted heritage range includes nose pins, earrings, necklaces, and pendants. The brand also customizes and sells antique ornaments online through its website and social media platforms., August 2022 – Pandora, a jewel maker, announced that the company would move ahead with its lab-made diamonds and stop selling mined diamonds. Lab-created diamonds are available to more people and also reduce carbon emissions. It launched a collection using unmined gems in North America to attract young consumers with cheaper and sustainable stones., January 2022 – Malabar Gold & Diamonds, an India-based jewelry retailer, inaugurated six showrooms across the UAE - three in the new Dubai Gold Souq extension and one in City Centre Al Zahia, Lulu Muweilah, Sharjah, and Crown Mall, Jebel Ali., June 2021 – RJ Scanlan & Co. expanded its fine jewelry offering, introducing the range of Lux Collection to the Australia market. The Lux Collection is crafted with gold, diamonds, color gemstones, and pearls, each piece made-to-order and essential to environmental sustainability.. Key drivers for this market are: Increasing Disposable Income and Spending Power of Consumers to Favor Market Growth. Potential restraints include: Strict Regulations on Import & Export and Implementation of Value-added Tax Are Restraining Market Growth. Notable trends are: Focus on Incorporating Technical Features to Surge Product Demand.

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.

The global online jewelry market is analyzed by Consegic Business Intelligence to be growing at a CAGR of 13.8% during 2025-2032. It is projected to reach $129,387.17 Million by 2032, up from $46,129.55 Million in 2024.

Global Jewelry Market was valued at USD 248.1 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.1% through 2029.

Pages	180
Market Size	2023: USD 248.1 Billion
Forecast Market Size	2029: USD 353.9 Billion
CAGR	2024-2029: 6.1%
Fastest Growing Segment	Online
Largest Market	Asia Pacific
Key Players	1. Tiffany and Company 2. Pandora Jewelry, LLC 3. Chow Tai Fook Jewellery Group Limited 4. LVMH Moët Hennessy-Louis Vuitton SE 5. Compagnie Financiere Richemont SA 6. Graff Diamonds Limited 7. Signet Jewelers 8. HStern (Jewellery) Limited 9. Malabar Gold & Diamonds 10. SWAROVSKI AG

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%

Snapshot img

Costume Jewelry Market Size 2024-2028

The costume jewelry market size is forecast to increase by USD 21.17 billion at a CAGR of 8.28% between 2023 and 2028. In the dynamic market, several growth factors are shaping its trajectory. The rise in the number of fashion-conscious consumers, driven by increasing disposable income and a growing appreciation for unique styles, is a significant market trend. Innovative designs in premium costume jewelry, characterized by intricate detailing and high-quality materials, are attracting both existing and new customers. Competition among established companies and from unorganized sectors is intensifying, necessitating continuous product innovation and strategic pricing. The market is experiencing growth, fueled by an increasing number of fashion-conscious consumers. In addition, to stay competitive, companies are focusing on continuous product innovation and strategic pricing. The trend toward innovative designs in premium costume jewelry is expected to continue as consumers seek high-quality, stylish accessories like rings that reflect their personalities.

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The market caters to fashion-conscious consumers seeking affordable yet trendy accessories. Key materials include copper, brass, semi-precious stones, and nickel, while cadmium and lead are less favored due to health concerns. Fashion trends influence the demand for necklace designs and ring collections, with metal rings gaining popularity. The global economy and gender segmentation impact sales, with the female segment dominating the market through retail sales in retail shops, concept stores, and e-commerce sites. Young age populations and the Western brands' influence drive internet consumption and customization & personalization trends. Distribution channels include specialty stores, online portals, and fashion jewelry retailers. Consumer behavior shapes the success of artificial jewelry products, with disposable income playing a significant role.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Female
  Male


Distribution Channel

  Offline
  Online


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  South America



  Middle East and Africa

By End-user Insights

The female segment is estimated to witness significant growth during the forecast period. Costume jewelry has experienced significant growth in the market, particularly among female consumer groups. Online retailers have played a pivotal role in market expansion, providing convenience and an extensive assortment of options for customers. Social media influence has been a driving force, with influencers and famous people showcasing their collections on various platforms. This has led to increased sales, especially among millennials and Generation Z. Customer preferences for affordable yet stylish jewelry have fueled the demand for costume jewelry. Urbanization and cultural influences have also contributed to changing fashion tastes, making costume jewelry a popular choice for occasion-based purchases during festive seasons, holidays, weddings, and special occasions.

In addition, promotional campaigns and themed collections have been effective marketing strategies, utilizing design technologies and production procedures to create unique pieces using various materials, such as brass, aluminum, copper, sterling silver, and gold plating. Sustainability and ethical materials have become increasingly important, with consumers seeking eco-friendly and hypoallergenic options. However, challenges persist, including distribution issues, quality concerns, corrosion, discoloration, and allergic reactions. Sustainable materials and ethical production methods are being adopted to address these issues, ensuring the longevity and appeal of costume jewelry in the market. Economic downturns and changing fashion trends can also impact sales, leading to excess inventory and potential quality issues.

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The female segment was valued at USD 20.18 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

North America is estimated to contribute 27% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Costume jewelry has experienced significant growth in North America, with online retailers playing a pivotal role in market expansion. The convenience of shopping from the c

Gain insights into the USA Jewelry Market, size at USD 73 billion in 2023, featuring industry analysis and key players.

Access North America Opal Jewelry Industry Overview which includes North America country analysis of (United States, Canada, Mexico), market split by Product Type, Applications, Distribution Channel