Crystal Jewelry Market Report 2024 (Global Edition)

Global Crystal Jewelry Market Report 2024 Market Size Split by Type (Rings, Necklace, Earring, Bracelets, Other), by Application (Men, Woman, Other), by Material (Synthetic , Natural), by Sales (On...

Crystal Jewelry Market Report Description

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Competitive Landscape of the Crystal Jewellery Market

Strategic initiatives including product developments, alliances, and mergers are implemented by key actors. Prioritizing R&D helps businesses introduce cutting-edge products and maintain a competitive edge. Sturdy distribution networks and a commitment to quality standards increase market presence and create an atmosphere where industry leaders are distinguished by their agility and creativity.

Crystal Jewellery Industry News 

In October 2020, LVMH declared that it has reached an agreement to purchase Tiffany & Co. for over $16 billion, with a price reduction from $135 per share to $131.5 per share. The legal proceedings would be dismissed. 

(Source: https://www.lvmh.com/news-documents/press-releases/lvmh-reaches-agreement-with-tiffany-co/)

In September 2022, Global jeweller Faith-Heart, which is well-known for its symbolic jewellery, has expanded throughout the United States market and has opened a new official website.

(Source: https://www.prnewswire.com/news-releases/faithheart-jewelry-enhances-its-presence-in-the-us-market-with-new-official-website-301630878.html

Top Companies Market Share in Crystal Jewelry Industry: (In no particular order of Rank)

• Graff
• Bulgari
• Harry Winston Inc
• Cartier
• Van Cleef & Arpels
• Buccellati Holding Italia
• Tiffany & Co
• Piaget SA
• K Mikimoto & Co Ltd
• Le Petit-Fils de L.-U. Chopard & Cie S.A
• Others
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Crystal Jewellery Market

Which Region Dominates the Crystal Jewellery Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. Because of the large number of millionaires living there, who are the main drivers of the rising demand for opulent goods. In the United States, for example, 18.6 million, or 40% of all millionaires worldwide, are expected to be millionaires, according to the Global Wealth Report 2019. Luxe Pack, the Love Expo, the Luxury Bridal Expo, and other emerging decorations trade exhibitions are also anticipated to fuel market expansion in the area.

Which Region is Expanding at the Fastest CAGR?

The Europe region is witnessing an increase. This is explained by the fact that several of the region's high per capita income countries have a large population that is prepared to spend more on decor items. Because more people are becoming aware of fashion accessories in the men's sector, demand from the men's segment is also rising dramatically in this area. On the other hand, women's high employment rate leads to higher spending since they are more inclined to buy decorative products.

The current report Scope analyzes Crystal Jewelry Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Crystal Jewelry Market

According to Cognitive Market Research, the market for crystal jewellery was anticipated to be worth USD XX million worldwide in 2024, with North America accounting for the largest share of sales with USD XX million. The market is expected to increase at a compound annual growth rate (CAGR) of 3.7% between 2024 and 2031. In North America, Crystal Jewellery sales dominate, because there are a lot of millionaires in the world, who are the main reason behind the rise in the demand for expensive goods. The ring sector in North America is intricately tied to the expanding Crystal Jewellery market. The women's section is thought to be the largest due to manufacturers producing a greater range of goods tailored especially for female consumers. The demand for spiritual jewellery related to yoga, meditation, and energy healing is being driven by an increase in the number of people engaging in these practices, fostering substantial market growth.

• According to Cognitive Market Research, the US had a major share in the Crystal Jewellery market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. A major factor fuelling the demand for crystal jewellery is fashion trends. When fashion designers, influencers, and celebrities wear crystal jewellery, it starts a chain reaction that increases demand and consumer interest. 
• The Canada Crystal Jewellery market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. The option to personalize crystal jewellery by choosing particular crystals, patterns, and settings appeals to Canadian buyers who are looking for one-of-a-kind items that speak to them on an intimate level.
• The Mexico Crystal Jewellery market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD XX million in 2024.

Europe Crystal Jewelry Market

According to Cognitive Market Research, with a market value of USD XX million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD XX million. This is due to the fact that several of the region's high per capita income countries encourage individuals to spend more on ornamental goods. The ring segment is dominating in this region because wearing a ring to denote one's engagement or marital status is becoming increasingly common. Also demand from men’s segment is growing in this region significantly because of the growing awareness about fashion accessories in men’s sector. However, given that women are more likely to purchase ornamental goods, the high employment rate of women contributes to an increase in consumption.

• The Germany Crystal Jewellery market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Tradition and artistry are highly valued in Germany's rich cultural past. In German culture, crystal jewellery, especially that set with Swarovski crystals, is highly prized and frequently connected to refinement, wealth, and artistry. 
• The UK Crystal Jewellery market is projected to witness growth at a CAGR of 16.8% during the forecast period with a market size of USD XX million in 2024. Similar to many other countries, the UK's desire for crystal jewellery is mostly driven by fashion trends.
• According to Cognitive Market Research, the Russia Crystal Jewellery market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. 
• The France Crystal Jewellery market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD XX million in 2024.
• The Italy Crystal Jewellery market is projected to witness growth at a CAGR of 3.4% during the forecast period with a market size of USD XX million in 2024.
• The Spain Crystal Jewellery market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg Crystal Jewellery market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD XX million in 2024.
• The Portugal Crystal Jewellery market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD XX million in 2024.
• The Greece Crystal Jewellery market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD XX million in 2024.
• Rest of Europe Crystal Jewellery market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD XX million in 2024.

Asia Pacific Crystal Jewelry Market

According to Cognitive Market Research, the global Crystal Jewellery market size was estimated at USD XX Million out of which 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. The Asia Pacific region is experiencing growth. This growth can be because of its wide range of religious beliefs, growing e-commerce, and widespread fusion of spiritual jewellery with clothing trends. Among the main drivers of the market are changes in wealth and purchasing power, ethnic significance, and symbolic meaning in rising economies. The necklace and earring segment is dominating the market in this region because of the heavy demand from female population in this sector.

• According to Cognitive Market Research, the China Crystal Jewellery market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 7.00% during the forecast period. Crystal Jewellery market is growing in this region due to the increase in Chinese people's disposable income.
• The Japan Crystal Jewellery market is projected to witness growth at a CAGR of 6.00% during the forecast period with a market size of USD XX million in 2024. In traditional Japanese culture, tranquillity, nature, and spirituality are valued. These cultural values are perfectly aligned with the therapeutic and spiritual capabilities that crystals are said to possess.
• The India Crystal Jewellery market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period.
• The South Korea Crystal Jewellery market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD XX million in 2024.
• The Australia Crystal Jewellery market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Crystal Jewellery market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Crystal Jewellery market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD XX million in 2024.

South America Crystal Jewelry Market

According to Cognitive Market Research, the global Crystal Jewellery market size was estimated at USD XX Million out of which 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. This region is growing due to the rise in tourism, which is encouraging consumers to spend more money on a variety of goods, such as jewellery and gemstones. Women sector dominates the market for this region Because charms signify femininity and even social rank, women in the region are more passionate about them than men are. Women feel more confident and attractive as a result.  

• According to Cognitive Market Research, the Brazil Crystal Jewellery market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In Germany, as in many other nations, the market for crystal jewellery is mostly driven by fashion trends.
• The Argentina Crystal Jewellery market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Argentina has a rich cultural history, and part of those traditions is the frequent usage of crystals and gemstones for spiritual and ornamental purposes.
• The Colombia Crystal Jewellery market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD XX million in 2024.
• The Peru Crystal Jewellery market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD XX million in 2024.
• The Chile Crystal Jewellery market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Crystal Jewellery market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD XX million in 2024.

Middle East and Africa South America Crystal Jewelry Market

According to Cognitive Market Research, the global Crystal Jewellery market size was estimated at USD XX Million out of which 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 5.2% from 2024 to 2031. In the Middle East, precious jewellery is in style, thus diamonds and other jewels are much sought after. In Middle Eastern culture, gold is seen as a symbol of prosperity and richness, which significantly drives up demand for products in the area. In the Middle East and Africa, necklaces are the most worn jewellery among women. The market is expanding due to millennial trends in necklaces, such as chain link necklaces, pendants, diamond collars and choker necklaces, heavenly and locket necklaces, and charm necklaces. Layering necklaces is also becoming more and more fashionable.

• According to Cognitive Market Research, the GCC Countries Crystal Jewellery market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The largest global trade hub for raw diamonds and the existence of mining sites both support the market's expansion.
• The South Africa Crystal Jewellery market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD XX million in 2024. This country's industry is growing because of the need for handcrafted, customized designs made of gold and diamonds.
• The Egypt Crystal Jewellery market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD XX million in 2024. 
• The Turkey Crystal Jewellery market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria Crystal Jewellery market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA Crystal Jewellery market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD XX million in 2024.

Crystal Jewelry Market Analysis

Crystal Jewellery Types Segment Analysis

According to Cognitive Market Research, ring sector held the major market share over the forecast period. This is because wearing a ring to signal one's marital status and engagement is becoming increasingly common. The ring market's suppliers have been prompted to provide a variety of customisation possibilities by the increasing demand from customers for personalized items.

Bracelets is the fastest-growing category over the forecast period. Bracelets provide a great deal of opportunity for customisation and personalization. To fit their tastes and style, consumers can select from a large variety of styles, materials, and crystal kinds. Bracelets are quite appealing to a wide range of customers because of this personalization feature.

• Rings
• Necklace
• Earring
• Bracelets
• Other

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Crystal Jewelry Industry. Request a Free Sample PDF!

Crystal Jewellery Application Segment Analysis

According to Cognitive Market Research, the women's category is predicted to be the largest. Because manufacturers are producing a greater range of products tailored exclusively for female consumers. Charms are more beloved by women than by males since they represent femininity and even social standing.

Men is the fastest-growing category over the forecast period. Men are starting to realize how many different accessories, including jewellery, they have at their disposal. As society perceptions change, men are becoming more at ease expressing who they are through the accessories they choose, such as crystal jewellery. Since jewellery is frequently worn by well-known male influencers and celebrities as part of their public persona, men are more likely to see and desire these accessories.

• Men
• Woman
• Other

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Crystal Jewelry Material Segment Analysis

According to Cognitive Market Research, when it comes to crystal jewellery, the natural segment leads the market. Because of their purported therapeutic benefits and authenticity, stones are highly valued. Some customers think that real crystals have special vibrations and energies that are not present in their manufactured equivalents. are hence in demand of these crystals.

Synthetic is the fastest-growing category over the forecast period. This is so because jewellery made of synthetic crystals is frequently less expensive than jewellery made of real crystals. Because of its affordability, a broader spectrum of customers can purchase it, including those with limited funds or those who might be reluctant to spend more money on more expensive natural pieces.

• Synthetic 
• Natural

Crystal Jewelry Sales Segment Analysis

According to Cognitive Market Research, A substantial portion of the market is occupied by the offline retail sector. Because offline stores have higher conversion rates and customers prefer to try jewellery on before buying it, there is a growing demand for offline retail. Manufacturers in the Middle East and Africa are concentrating on opening physical storefronts in order to increase the reach of their products.

Over the course of the projection period, there is a large expected growth in online retail and e-commerce. Online retail development is driven by rising internet penetration and the growing number of Gen Z and millennials who are willing to shop online. To reach customers who aren't in retail stores, manufacturers are opening online stores.

• Online 
• Offline

Crystal Jewelry Price Range Segment Analysis

According to Cognitive Market Research, the Mid-Range category is predicted to be the largest. The jewellery in the mid-range category is made of crystal and provides an equilibrium between cost and quality. Superior materials like gold plating or sterling silver may be used in these items, in addition to semi-precious crystals or gemstones. Since they are reasonably priced, a wider range of consumers can afford them while yet enjoying a high degree of craftsmanship and visual beauty.

Premium segment is the fastest-growing category over the forecast period. Customers looking for luxury and uniqueness in their crystal jewellery purchases are catered to in this market sector. This line of products is made from premium materials such solid gold, platinum, or sterling silver. Rare or premium-grade crystals and elaborate designs are frequently featured.

• Premium 
• Economy 
• Mid-Range

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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