The UK jewelry market rose rapidly to $1B in 2023, growing by 7.5% against the previous year. Overall, consumption continues to indicate a abrupt setback. Jewelry consumption peaked at $3.2B in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Jewellery and watches aren't essential, so sales depend on people's confidence in the economy and how much they have to spend. Uncertainty surrounding near-term economic prospects has weighed on sales, and price-sensitive consumers have reduced their spending on luxury goods. More affluent shoppers have sustained sales, as they are less susceptible to economic conditions. High inflation and economic uncertainty during 2023-24 have constrained spending on luxury items. In response, retailers have focused on international growth opportunities. However, improving economic conditions in 2024-25 have boosted the market. Shoppers are feeling more confident about spending, thanks to easing inflation pressures and better financial stability. Retailers can take advantage by offering exclusive product launches, personalised customer service or loyalty rewards. These steps help attract new shoppers and keep current customers coming back. Moreover, an increased focus on sustainability, driven by rising environmental consciousness, is transforming the industry. Key players like Pandora have adopted recycled materials and lab-grown diamonds, appealing to eco-conscious consumers. As macroeconomic conditions improve in 2024-25, the UK market is poised for renewed sales. Over the five years through 2024-25, revenue is expected to grow at a compound annual rate of 1.5% to £7.8 billion, with revenue expected to grow by 0.4% in 2024-25. The operating profit margin is anticipated to recover to 6% in 2024-25. Revenue is expected to climb at a compound annual rate of 0.7% over the five years through 2029-30 to £8.1 billion. Economic conditions are expected to stabilise in the coming years, supporting renewed spending growth and increasing demand for mid-range products. The future outlook for the UK Jewellery and Watch Stores industry will be shaped by growing online shopping trends and the perception of luxury watches as investment assets. Companies like Watches of Switzerland will enhance digital platforms to replicate in-store experiences. While demand for high-end brands remains strong, the industry faces authenticity challenges due to counterfeit crises from cheaper replicas and rising gold prices will create obstacles for many businesses in the industry.

In 2017, articles of jewellery imports into the UK totaled X tons, going down by -X% against the previous year. Overall, articles of jewellery imports continue to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2013, an increase of X% against the previous year.

The UK imitation jewellery market fell markedly to $X in 2020, which is down by -X% against the previous year. Over the period under review, consumption continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2013 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2009; however, from 2010 to 2020, consumption failed to regain the momentum.

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?

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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.

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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

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 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

Expert industry market research on the Imitation Jewellery Manufacturing in the UK (2011-2030). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

When it comes to the most well-known jewelry brands in the UK, Chanel comes out on top. The Danish jewelry manufacturer incorporates a 92 percent brand awareness, followed by Dior and Pandora, which are both recognized by 91 percent of internet users in the United Kingdom. Furthermore, with 86 percent brand awareness, LVMH-owned Tiffany & Co. and the Austrian brand Swarovski with 84 percent brand recognition claim the fourth and fifth spot in this list. For this study, brand awareness was surveyed employing the concept of aided brand recognition, showing respondents both the brand's logo and the written brand name. Interested in more detailed results covering all brands of this ranking and many more? Explore GCS Brand Profiles. These statistics show results of the Brand KPI survey.

Snapshot img

3D Printed Jewelry Market Size 2024-2028

The 3d printed jewelry market size is forecast to increase by USD 7.32 billion at a CAGR of 30.41% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing trend towards product premiumization. Consumers are increasingly seeking unique and high-quality jewelry pieces, which 3D printing technology enables through its ability to create intricate designs and customized pieces. Another trend influencing the market is the enhanced company engagement through social media channels, allowing for direct interaction with customers and increased brand visibility. However, the lack of skilled and professional labor poses a challenge to market growth, as the production of high-quality 3D printed jewelry requires a high level of expertise. Overall, the market is expected to continue growing as these trends drive demand for innovative and personalized jewelry solutions.

What will be the Size of the 3D Printed Jewelry Market During the Forecast Period?

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The market represents an exciting intersection of art and technology, where designers and artists leverage the versatility and precision of additive manufacturing techniques to create tangible, wearable art forms. This market is experiencing significant growth due to the unprecedented design freedom offered by 3D printing technology. Designers can experiment with unique shapes, precise detailing, and customizable designs, leading to innovative and captivating pieces. Consumers are increasingly drawn to the individuality and creativity that 3D printed jewelry offers. With the ability to produce intricate designs using a range of materials, including metals, polymers, and composites, 3D printing is disrupting traditional jewelry manufacturing methods.
Independent artisans and eco-conscious consumers alike appreciate the technology's potential for producing ethically sourced and eco-friendly products. As technology and creativity continue to intertwine, the market is poised to redefine the landscape of wearable art.

How is this 3D Printed Jewelry Industry segmented and which is the largest segment?

The 3d printed jewelry industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Technology

  SLA
  SLS
  DLP
  FDM
  Others


Type

  Gold
  Silver
  Brass
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  South America



  Middle East and Africa

By Technology Insights

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

3D printing technology, specifically Stereolithography (SLA), revolutionizes the jewelry industry by enabling the creation of intricate, wearable art forms. SLA converts liquid photopolymer resin into solid structures, layer by layer, using a UV laser. The result is precise, versatile, and tangible jewelry, offering unparalleled design innovation and creativity. Artists and designers leverage this technology to produce unique shapes, structures, and customizable designs, pushing the boundaries of traditional jewelry manufacturing. Consumers appreciate the flexibility, production cost savings, and fashion-forward accessories. SLA 3D printing also supports sustainability through eco-friendly materials and ethically sourced products, appealing to environmentally conscious consumers. The technology's precision and design freedom enable the production of geometric jewelry, organic shapes, and even electronics sector applications.

Despite the financial barrier, 3D printed jewelry continues to gain traction due to its unprecedented versatility and individuality.

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The SLA segment was valued at USD 388.50 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 38% 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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The market in North America is experiencing significant growth due to the region's high adoption of additive manufacturing technology. Fueled by technological advancements and substantial investments in research and development, the industry is witnessing increased production of 3D printed jewelry. For instance, the Canadian government's USD8.9 million investment In the University of Waterloo's additive manufacturing lab is driving innovation in materials research, product desig

The UK Beaded Jewelry Market is valued at USD 265 million, driven by the high demand for unique, handcrafted jewelry pieces.

Jewelry Price in the UK - 2023. Find the latest marketing data on the IndexBox platform.

The jewellery box market had an estimated market share worth US$ 153.1 million in 2023, and it is predicted to reach a global market valuation of US$ 223.4 million by 2034, growing at a CAGR of 3.6% from 2024 to 2034.

Report Attribute	Details
Estimated Market Value in 2023	US$ 153.1 million
Expected Market Value in 2024	US$ 157 million
Projected Forecast Value in 2034	US$ 223.4 million
Anticipated Growth Rate from 2024 to 2034	3.6% CAGR

Jewellery Box Market Historical Analysis from 2018 to 2023 vs. Forecast Outlook from 2024 to 2034

Historical CAGR from 2018 to 2023	2.6%
Forecast CAGR from 2024 to 2034	3.6%

Category wise Insights

Material	Paper
Market Share in 2024	57.6%

End Use	Rings and Earrings
Market Share in 2024	49.1%

Region wise Analysis

Countries	CAGR from 2024 to 2034
The United States	1.1%
The United Kingdom	1%
China	4.5%
Japan	1.6%
South Korea	1.6%

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

ATTRIBUTES	DETAILS
STUDY PERIOD	2017-2030
BASE YEAR	2024
FORECAST PERIOD	2025-2030
HISTORICAL PERIOD	2017-2024
UNIT	VALUE (USD MILLION)
KEY COMPANIES PROFILED	Rajesh Exports, Richemont, Signet Jewelers, Maria Black, Missoma London, Laura Lombardi, Bar Luxury Jewellery, Gaviria, Maria Tash, Katerina Makriyianni, Monica Vinader, Swarovski, Tiffany & Co, Thomas Sabo, Chow Sang Sang, Lao Feng Xiang, Others
SEGMENTS COVERED	By Product Type - Gold Jewelry, Silver Jewelry, Others By Application - Online Sales, Offline Sales By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa

Snapshot img

Diamond Market Size 2024-2028

The diamond market size is forecast to increase by USD 42.72 billion at a CAGR of 8.09% between 2023 and 2028.

The market is experiencing significant growth driven by the increasing demand for diamond jewelry, particularly for engagement and wedding rings. This trend is fueled by cultural traditions and changing consumer preferences towards more personalized and meaningful gifts. Additionally, the emergence of synthetic diamonds in various industries, such as electronics and industrial applications, is expanding the market's reach and creating new opportunities. However, the market faces challenges, including the prevalence of counterfeit diamonds in the e-retailing space. This issue undermines consumer trust and poses a threat to market integrity. To capitalize on market opportunities and navigate these challenges, companies must prioritize transparency, certification, and innovation. By focusing on these areas, they can differentiate themselves, build consumer trust, and stay competitive in a rapidly evolving market.

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

Request Free SampleThe market encompasses the production, trading, and application of this rare mineral, renowned for its exceptional hardness and thermal conductivity. Diamonds are formed under extreme pressure and high temperature conditions, resulting in their unique crystalline structure. They are prized for their use in various industries, including jewelry manufacturing and home care products, as well as in industrial applications such as abrasives and jewellery designing. The market for diamonds is significant, with demand driven by consumer buying habits for both polished and rough diamonds. Rough diamonds are transformed into valuable polished gems through a meticulous cutting and polishing process. Type Ia diamonds, the purest form of diamond, command a premium in the market due to their superior clarity and brilliance. The diamond industry has seen the emergence of synthetic diamonds, also known as lab-grown diamonds, which mimic the natural diamond's properties through controlled laboratory conditions. While synthetic diamonds have gained traction in certain applications, natural diamonds continue to dominate the market due to their inherent rarity and perceived value. The market's size and direction are influenced by various factors, including technological advancements, consumer preferences, and market trends. Despite competition from synthetic diamonds, the natural the market remains , driven by the enduring appeal of diamonds as a symbol of luxury and status.

How is this Diamond Industry segmented?

The diamond 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. ApplicationJewelry makingIndustrial applicationsTypeNaturalSyntheticGeographyAPACChinaIndiaNorth AmericaUSEuropeGermanyMiddle East and AfricaSouth America

By Application Insights

The jewelry making segment is estimated to witness significant growth during the forecast period.The market experiences steady growth due to increasing consumer spending power and evolving consumer preferences. With expanding middle-class populations in key markets like the US, UK, France, and Germany, demand for diamond jewelry continues to rise. Innovation in jewelry design and the creation of unique pieces attract more customers. Lifestyle changes and urbanization have influenced consumer tastes, driving demand for diamond jewelry. Industrial applications, including high-performance cutting and grinding tools, also contribute significantly to market demand. Synthetic diamonds, produced through methods like Chemical Vapor Deposition, offer environmental sustainability and cost-effectiveness. Consumers seek ethical sourcing and certification standards, impacting diamond prices and shaping market supply. Online sales and bridal jewelry are growing segments, with digital marketing and social media playing crucial roles in consumer engagement. Market demand for diamond jewelry and industrial applications remains strong, with continued investment in exploration drilling and metal machining.

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The Jewelry making segment was valued at USD 58.78 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 32% 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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The market in APAC is experiencing growth due to the

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

ATTRIBUTES	DETAILS
STUDY PERIOD	2017-2030
BASE YEAR	2024
FORECAST PERIOD	2025-2030
HISTORICAL PERIOD	2017-2024
UNIT	VALUE (USD MILLION)
KEY COMPANIES PROFILED	Aucma, Magnasonic, Simple Shine, iSonic, Mophorn, Fosmon, InvisiClean, GT Sonic, UKOKE, InvisiClean, GemOro, Famili, Bogue Systems
SEGMENTS COVERED	By Product Type - Smaller than 1 L, Larger than 1.1 L By Application - Household, Commercial By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa

In 2023, overseas purchases of imitation jewelry decreased by -20.7% to 3.7K tons, falling for the second consecutive year after two years of growth.

“Jewelry, Watches and Accessories Retailing in Brazil – Market Summary & Forecasts” report provides a detailed analysis of retail sales from 2010 to 2020 across key channels in Brazil. Read More

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

ATTRIBUTES	DETAILS
STUDY PERIOD	2017-2030
BASE YEAR	2024
FORECAST PERIOD	2025-2030
HISTORICAL PERIOD	2017-2024
UNIT	VALUE (USD MILLION)
KEY COMPANIES PROFILED	Agresti, VLANDO, Kling GmbH, FANXI Industrial, Elie Bleu, ZONLOLV, ForestPackage, Jeweller's Box Company, Potters UK, Thomas Sabo GmbH & Company KG, LOEAPEA
SEGMENTS COVERED	By Product Type - Solid Wood Jewelry Box, Genuine Leather Jewelry Box, Others By Application - Ring, Necklace, Ear Jewelry, Others By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa

During the review period, Jewelry imports peaked at 2.3K tons in 2015 but failed to regain momentum from 2016 to 2023. In terms of value, jewelry imports decreased to $2.5B in 2023.