Graph and download economic data for Retail Sales: Jewelry Stores (MRTSSM44831USS) from Jan 1992 to Feb 2021 about jewelry, retail trade, sales, retail, and USA.

In 2022, the retail sales of jewelry in the United States were estimated to amount to approximately **** billion U.S. dollars. This was a **** billion dollar increase on the previous year. Until 2021, over the observed time period, sales had remained consistently around the ** billion dollar mark.

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.

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

In February 2021, U.S. jewelry retail store sales amounted to **** billion U.S. dollars. Jewelry store sales in the U.S. tend to peak in December of each year, with retail sales often more than double those of any other month of the year.

[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 Latin American Jewelry Market report segments the industry into By Category (Real Jewelry, Costume Jewelry), By Type (Necklaces, Rings, Earrings, Charms & Bracelets, Others), By Distribution Channel (Offline Retail Stores, Online Retail Stores), and Geography (Brazil, Mexico, Colombia, Rest of Latin America). Get five years of historical data alongside five-year market forecasts.

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 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.

In 2020, U.S. jewelry store sales amounted to about **** billion U.S. dollars. The jewelry industry is presently a growing and dynamic market. Which are the leading companies in the American jewelry market? The largest specialty jewelry retailer in the country is presently Signet Jewelers Limited, which operates approximately ***** stores worldwide. The company generated annual sales of approximately **** billion U.S. dollars from the retail of jewelry, watches and associated services in 2019. Signet is followed by Tiffany and Co., which had global net sales amounting to over *** billion U.S. dollars and operates some 321 stores worldwide. Worldwide market for jewelry: Additional information The worldwide jewelry market is expecting to grow to over *** billion U.S. by 2025, with diamond jewelry being the largest revenue source. Necklaces and rings are the most popular jewelry items. Some of the most popular companies in this sector include Louis Vuitton Moet Hennessy (LVMH) and the Kering group, which is responsible for brands such as Gucci, Balenciaga, and Saint Laurent.

Online jewelry market size research report, identifies new revenue opportunity in online jewelry driver industry. The report aims at estimating the market size and future growth of the online jewelry based on type, sales channel & region.

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. .

Jewelry Market size was valued at USD 326.08 billion in 2019 and is poised to grow from USD 340.69 billion in 2023 to USD 482.22 billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).

Luxury Jewelry Market Outlook

The global luxury jewelry market size was valued at approximately USD 52 billion in 2023 and is anticipated to reach an estimated USD 122 billion by 2032, reflecting a CAGR of 9.3% during the forecast period. The substantial growth in this market is primarily driven by the increasing disposable income among the global population and the rising demand for high-end fashion accessories. Additionally, the growth is spurred by the burgeoning middle-class segment, especially in emerging economies, which is increasingly prioritizing luxury goods as a status symbol and form of investment.

One of the primary growth factors is the evolving consumer preferences towards luxury goods, which are increasingly seen as a reflection of personal success and distinctiveness. The younger demographic, particularly millennials and Gen Z, are becoming significant consumer bases as they place high value on exclusivity and quality over quantity. This shift in consumer behavior has compelled manufacturers to innovate and introduce unique and personalized designs. Coupled with technological advancements such as blockchain for authenticity verification and virtual reality for enhanced shopping experiences, these trends are expected to further propel the market growth.

Another pivotal factor contributing to the growth of the luxury jewelry market is the rise of digitalization and e-commerce platforms. Unlike traditional jewelry retailing, where the focus was primarily on physical stores, there has been a significant shift towards online retailing, which offers ease and convenience to consumers. The ability to browse a wider selection of products, compare prices and brands, and enjoy customization options online has broadened the market's reach. Moreover, digital marketing strategies, including social media and influencer endorsements, have amplified brand visibility and appeal among tech-savvy consumers, boosting sales and market penetration globally.

The market is also benefiting from the increasing trend of sustainability and ethical sourcing, which has become a critical consideration for many consumers. Brands that advocate for environmentally responsible practices and fair trade have garnered a loyal customer base that values ethical consumption. Innovations in lab-grown diamonds and recycled metals are attracting environmentally conscious consumers and opening new avenues for market growth. The emphasis on sustainable luxury reflects broader societal shifts towards sustainability and is expected to continue influencing the market positively.

High-Quality Jewelry Customization is becoming a pivotal trend in the luxury jewelry market, as consumers increasingly seek pieces that reflect their personal style and individuality. This desire for customization is driving brands to offer bespoke services that allow customers to personalize their jewelry, from selecting unique gemstones to engraving meaningful messages. The ability to tailor jewelry to personal preferences not only enhances the emotional connection between the consumer and the product but also elevates the perceived value of the piece. As technology advances, such as 3D printing and CAD design, the possibilities for customization are expanding, enabling brands to offer intricate and unique designs that cater to the diverse tastes of their clientele. This trend is not only enhancing customer satisfaction but also fostering brand loyalty, as consumers are more likely to return to brands that offer personalized experiences.

Regionally, Asia Pacific is forecasted to dominate the luxury jewelry market, driven by rising disposable incomes and cultural significance attached to jewelry in countries like China and India. North America and Europe also present substantial growth opportunities due to the high concentration of affluent consumers and established luxury brands. The Middle East, with its rich cultural heritage and strong preference for gold jewelry, remains a significant market. Meanwhile, Latin America is emerging as a promising region due to improving economic conditions and increasing consumer interest in luxury goods.

Product Type Analysis

The luxury jewelry market is segmented by product type into necklaces, rings, earrings, bracelets, and others. Necklaces have traditionally held a significant share in this market due to their symbolic representation of wealth and fashion. With the rise of customization and personalization trends, necklaces are increasi

Number of Businesses statistics on the Online Jewelry & Watch Sales industry in United States

Jewelry Market Outlook

According to our latest research, the global jewelry market size reached USD 353.2 billion in 2024, reflecting stable demand and robust consumer spending worldwide. The market is projected to expand at a CAGR of 4.8% from 2025 to 2033, reaching an estimated USD 539.1 billion by 2033. This sustained growth is primarily driven by evolving fashion trends, rising disposable incomes, and increasing demand for personalized and luxury jewelry. The jewelry market’s expansion is further supported by technological advancements in design and manufacturing, as well as the growing penetration of e-commerce platforms, which have broadened consumer access to a diverse array of jewelry products globally.

One of the primary growth factors shaping the jewelry market is the rising demand for luxury and customized products. Consumers are increasingly seeking unique and personalized jewelry pieces that reflect their individual styles and values. This trend is particularly prominent among millennials and Gen Z consumers, who favor bespoke and ethically sourced jewelry. The proliferation of online customization tools and direct-to-consumer brands has made it easier for customers to design and purchase one-of-a-kind pieces, fueling market growth. Additionally, the increasing popularity of lab-grown diamonds and sustainable materials has introduced new segments within the market, catering to environmentally conscious buyers and expanding the overall consumer base.

Another significant driver is the growing influence of digital transformation and omni-channel retail strategies. The integration of augmented reality (AR) and virtual try-on solutions has revolutionized the online jewelry shopping experience, enabling customers to visualize products before making a purchase. Social media platforms and influencer marketing campaigns have also played a crucial role in shaping consumer preferences and driving brand engagement. Jewelry retailers are leveraging these digital tools to reach new demographics, enhance customer loyalty, and streamline the purchasing process. The shift towards online sales channels has been further accelerated by the COVID-19 pandemic, which prompted many traditional retailers to invest in robust digital infrastructures and expand their e-commerce offerings.

Global economic growth and rising disposable incomes, particularly in emerging markets, have significantly contributed to the expansion of the jewelry market. As urbanization accelerates and the middle class continues to grow in regions such as Asia Pacific and Latin America, consumers are increasingly able to afford luxury goods, including fine jewelry. Economic development has also led to greater brand awareness and aspirational purchasing behaviors, with consumers viewing jewelry as both a status symbol and an investment. This trend is complemented by the increasing prevalence of gifting culture, where jewelry is a preferred choice for special occasions such as weddings, anniversaries, and festivals, further propelling market demand.

From a regional perspective, Asia Pacific remains the largest and fastest-growing market for jewelry, accounting for a significant share of global revenues. The region’s dominance is underpinned by strong demand in countries like China and India, where jewelry holds deep cultural significance and is an integral part of social and religious ceremonies. North America and Europe also represent substantial markets, driven by high per capita incomes, established luxury brands, and a mature retail infrastructure. Meanwhile, the Middle East & Africa and Latin America are emerging as lucrative markets, supported by increasing urbanization, expanding retail networks, and a growing appetite for premium products. The regional outlook for the jewelry market is characterized by a dynamic interplay of cultural, economic, and technological factors, shaping consumption patterns and growth trajectories across different geographies.

Product Type Analysis

The jewelry market is segmented by product type into necklaces, rings, earrings,

The GCC jewelry market soared to $35.8B in 2024, picking up by 108% against the previous year. In general, consumption posted a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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Jewelry Market Size 2024-2028

The jewelry market size is forecast to increase by USD 107.9 billion, at a CAGR of 5.45% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing demand for jewelry as gifts and the expanding acceptance of jewelry among men. This trend is fueled by cultural shifts and evolving consumer preferences, creating a favorable market landscape for businesses. Moreover, the growing acceptance of gems and jewelry among men, expanding beyond traditional roles as gifts for women, is broadening the market base. However, the market faces a substantial challenge with the increasing availability of counterfeit jewelry. This issue poses a threat to both consumers and legitimate businesses, as it undermines trust and quality standards. Companies must invest in robust anti-counterfeiting measures and collaborate with industry organizations to combat this challenge effectively. By focusing on authenticity and quality, businesses can differentiate themselves in the market and capitalize on the growing demand for jewelry.
Additionally, expanding product offerings to cater to the increasing acceptance of jewelry among men and exploring innovative marketing strategies can further bolster growth opportunities. Overall, the market presents a dynamic and promising landscape for businesses, offering potential for growth and innovation while navigating the challenges of counterfeiting.

What will be the Size of the Jewelry Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with dynamic market activities unfolding across various sectors. Brick-and-mortar stores face increasing competition from e-commerce platforms, as online retailers offer convenience and a wider selection of jewelry types. However, the tactile experience of trying on jewelry in person remains a draw for many consumers. Costume jewelry maintains its popularity, with mass-produced pieces often incorporating the latest trends. Meanwhile, fine jewelry, including engagement rings and wedding bands, continues to be a significant market, with consumers seeking quality and craftsmanship. Technological advancements, such as 3D printing and CAD/CAM design, are transforming the jewelry industry.

Conflict-free diamonds and ethical sourcing are becoming increasingly important, as consumers demand transparency and sustainability. Jewelry care is a constant concern, with consumers seeking out jewelry insurance, repair services, and cleaning solutions. Antique jewelry and estate pieces also remain popular, with collectors and enthusiasts seeking authenticity and history. Jewelry distributors and luxury jewelry brands cater to different market segments, with statement pieces and sustainable materials gaining traction. Watches, including those with complications, remain a staple in the market. Jewelry manufacturing processes, such as bezel setting, pavé setting, channel setting, and prong setting, continue to evolve, with handcrafted and recycled metals gaining popularity.

Jewelry auctions offer collectors and investors a chance to acquire rare and unique pieces. The market is a continually evolving landscape, with consumers seeking quality, sustainability, and innovation. From precious metals and diamonds to costume jewelry and watches, the market caters to a diverse range of preferences and budgets.

How is this Jewelry Industry segmented?

The jewelry industry 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.

Distribution Channel

  Specialist retailers
  Online


Material

  Gold
  Diamond
  Others


Product Type

  Rings
  Necklaces & Pendants
  Earrings
  Bracelets
  Watches
  Cufflinks
  Brooches


End-User

  Men
  Women
  Children


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Distribution Channel Insights

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

The market encompasses various segments, including metal alloys, jewelry repair, pavé and channel setting, jewelry appraisal, cad/cam design, wedding bands, handcrafted jewelry, carat weight, jewelry design, sustainable jewelry, estate jewelry, jewelry care, brick-and-mortar stores, costume jewelry, bezel setting, fine jewelry, jewelry insurance, 3D printing, conflict-free diamonds, antique jewelry, e-commerce platforms, jewelry

Costume Jewelry Market Size And ForecastCostume 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 DriversIncreasing 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 RestraintsPerception 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.

Online Jewelry Market size was valued at USD 353.27 Billion in 2023 and is projected to reach USD 482.23 Billion by 2030, growing at a CAGR of 4.7% during the forecast period 2024-2030.

Global Online Jewelry Market Drivers

The market drivers for the Online Jewelry Market can be influenced by various factors. These may include:

E-commerce rise: The online jewellery sector has been greatly impacted by the general rise of e-commerce. Online sales of jewellery are surging as consumers increasingly choose the ease of online buying. Digitalization and Technology Adoption: The online jewellery buying experience has been improved by technological advancements such as 3D printing, augmented reality (AR), and virtual try-on experiences, which provide customers a greater understanding of the product before making a purchase. Globalization and Market Accessibility: Jewellery sellers may reach a worldwide audience through online platforms, giving customers access to a vast array of jewellery designs and styles. Shifting Customer Preferences: Demand for distinctive and customized jewellery is influenced by changing consumer preferences, particularly among younger populations. In order to accommodate these shifting preferences, online platforms can provide a wide variety of styles. Marketing and Social Media Influence: It is impossible to overestimate the impact that social media platforms have on the promotion of jewellery items and the decisions made by consumers. Social media is used by jewellery brands for audience engagement, brand growth, and marketing. Ease of Comparison and Research: Before making a purchase, customers can easily compare prices, read reviews, and do research thanks to online platforms, which empowers and informs their client base. Secure Payment Gateways and Transactions: Enhanced online security protocols and safe payment gateways help boost customer trust when it comes to making expensive online purchases like jewellery. Customization Options: A lot of internet merchants that sell jewellery provide their clients the opportunity to add their own touches to their purchases. This is appealing to people looking for one-of-a-kind or customized goods. Sustainability & Ethical Sourcing: As the jewellery industry becomes more conscious of ethical and sustainable sourcing methods, there is a growing need for materials that are sourced ethically. To appeal to consumers who are concerned about the environment, online platforms frequently include comprehensive information on the sourcing and production processes.