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 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.

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. .

This statistic shows the value of the jewelry and watch market in the United States from 2015 to 2023. In 2023, the U.S. jewelry and watch market was valued at approximately 63 billion U.S. dollars, a two billion dollar decrease compared to the previous year.

In 2018, diamond jewelry accounted for 54 percent of the total jewelry market in the United States. The remainder of the market consisted of non-diamond jewelry and watches. The U.S. jewelry and watch market was valued at approximately 83 billion U.S. dollars that year.

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.

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

U.S. Men's Jewelry Market growth with a 8.4% CAGR, projected to achieve a market size of USD 10,749.4 Million by 2032.

This statistic shows the United States' share of the global diamond jewelry market in 2000, 2005 and 2011. In 2005, with some 46 percent, the United States had the largest share of the global diamond jewelry market.

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 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 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.

Upon being surveyed in 2024, nearly 70 percent of American men shared that they would be willing to wear a singular chain or necklace. About one in ten men would willingly wear facial piercings.

The U.S. jewelry market soared to $92.2B in 2023, increasing by 20% against the previous year. In general, the total consumption indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of +3.6% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by +84.5% against 2018 indices.

Forecast: Gold Used in Jewelry Industry and the Arts in the US 2024 - 2028 Discover more data with ReportLinker!

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.

According to Cognitive Market Research, the global personalized jewelry market size will be USD 42512.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.60% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 17004.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 12753.66 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 9777.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.6% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 2125.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% 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 850.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.

Trends in Jewelry Design and Eye-Catching Promotional Techniques to Increase the Demand Globally

To increase sales in a variety of countries, manufacturers are updating their branding and marketing strategies for their products. The manufacturers have employed innovative strategies to increase sales of costume jewelry, such as introducing new products with natural-looking semi-precious stones, bold jewelry designs, and bright stones set in neatly packed chains.

Customer preference is growing for costume jewelry, especially among women, as it is an increasingly significant component of personal style and is affordable, easy to use, and useful for traveling or attending social events. To draw in more customers, producers frequently utilize copper and brass as their main raw materials to make these products, which have no negative skin impacts. The revenue of businesses in this industry has increased as a result of this. The worldwide costume jewelry industry is expanding due to the producers' collective adoption of various methods.

Growth in the Number of Customers Aware of Fashion to Propel Market Growth

The market's acceptance of costume jewelry has increased as people's awareness of beauty on the outside has grown. There has been a noticeable increase in younger women's fashion consciousness. There is a growing need for reasonably priced jewelry due to the swiftly evolving fashion trends throughout different locations.

Furthermore, both men and women are becoming more and more interested in costume jewelry including necklaces, bracelets, and rings. Women between the ages of 45 and 65 have a strong preference for semi-precious stone engraved necklaces. Furthermore, the worldwide costume jewelry market is expanding due to the growing tendency of people of all ages to don costumes and fake jewelry.

As a result, as the population is becoming more fashion-conscious the demand for fashionable accessories is also increasing in the coming future.

Sustainability Issues to Limit the Sales

An increase in output prompts questions about sustainability. Conventional jewelry mostly uses mined gemstones and precious metals, which are frequently removed in unethical and environmental ways. Mass production of customized goods can also result in a large amount of waste.

An increasing market segment is adopting sustainable practices as a result of their recognition of these problems. Customers who care about the environment are looking for handcrafted items with little environmental impact, recyclable materials, and stones that are ethically sourced. The significance of fair trade policies and supply chain transparency is also growing. In response, companies are launching collections composed of ethically harvested wood, lab-grown diamonds, and recycled metals.

The market for customized jewelry's future depends on striking a balance between the need for individual expression and ethical manufacturing. Brands may meet consumer demand for conscious luxury while reducing their environmental impact by adopting sustainable processes and ethical sourcing. This move towards thoughtful personalization could lead to a more egalitarian and sustainable future for the sector.

Impact of COVID-19 on the Personalized Jewelry Market

The personalized jewelry business, previ...

As of June 2022, lab-grown diamonds accounted for a seven percent share of the overall diamond jewelry sales among United States-based specialty jewelers. That was a notable increase compared to the market share of lab-diamonds in U.S. specialty jewelers in 2020, when it amounted to just three percent of diamond sales.

The jewelry market in the United States is projected to experience steady growth over the next decade, driven by increasing consumer demand. Market volume is expected to reach 8.6K tons by 2035, with a market value of $114.6B.

The American jewelry market is one of the largest and most dynamic markets in the world. It is a diverse and vibrant industry that caters to various consumer preferences and demands. The market is characterized by a wide range of jewelry products including rings, necklaces, bracelets, earrings, and watches. Find out more about the factors driving its growth, the emerging trends, and the impact of fashion, customization, and sustainability in this article.