Gems and Jewelry Market Report 2025 (Global Edition)

Global Gems and Jewelry Market Report 2025 Market Size Split by Type (Rings, Necklaces, Earrings, Bracelets, Chains, Pendants, Other), by Application (Collections, Wedding, Festive Blessing, Fashion, ...

Gems and Jewelry Market Report Description

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Gems and Jewelry Market Insights Video

Competitive Landscape of the Gems and Jewelry Market

Thecompetitive landscape of the gems and jewelry market is characterized by intense competition, with players competing on factors such as product design, quality, brand image, and distribution channels. The market is also highly fragmented, with many small players operating in local or niche markets.

August 2022:A new collection of Empreinte Fine Jewelry has been launched by Louis Vuitton. In the Empreinte collection, the design of the collection draws inspiration from Maison's emblematic codes. (Source:https://in.louisvuitton.com/eng-in/stories/empreinte-fine-jewellery) August 2022:Pandora launched a new line of jewelry known as the 'Pandora Brilliance' in the United States and Canada. This line features diamonds produced from 100 percent renewable energy, grown in the United States. (Source:https://us.pandora.net/en/discover/pandora-world/materials/stones/lab-grown-)

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

• LVMH Group
• Richemont SA
• The Swatch Group AG
• Chow Tai Fook Jewelry Company Limited
• Pandora Jewelry LLC
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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 the Gems and Jewelry Market

Which Region Dominates the Gems and Jewelry Market in 2024?

According to Cognitive Market Research, North America's dominance in the Gems and Jewelry Market can be attributed to several factors. Firstly, the region boasts a strong economy with high disposable incomes, enabling a significant portion of the population to afford luxury goods like gemstones and jewelry. Additionally, North America has a well-established market infrastructure, including a robust retail sector and a sophisticated e-commerce ecosystem, which facilitates the sale and distribution of these products. Furthermore, the region's cultural affinity for jewelry as a status symbol and fashion accessory contributes to sustained demand. Overall, these factors combine to make North America a key market for gems and jewelry globally.

Which Region is Expanding at the Fastest CAGR?

Asia Pacificrapid growth in the Gems and Jewelry Market is driven by several key factors. Firstly, the region is home to some of the world's largest and fastest-growing economies, such as China and India, where rising disposable incomes and a growing middle class are driving increased demand for luxury goods, including gemstones and jewelry. Additionally, cultural factors play a significant role, as jewelry holds deep cultural and symbolic value in many Asian cultures, leading to sustained demand. Furthermore, the rise of e-commerce and digital marketing has made it easier for consumers in the region to access a wide range of jewelry products, further fueling market growth.

The current report Scope analyzes Gems and 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 Gems and Jewelry Market

According to Cognitive Market Research, the global Gems and Jewelry market size was estimated at USD 276984.2 Million,out of which North America held the major market of more than 40% of the global revenue with a market size of USD 110793.68million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0%from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Gems and Jewelry market with a market size of USD 87416.21 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. The demand is amplified by the nation's increasing disposable incomes and a preference for luxury items.
• The Canada Gems and Jewelry market had a market share of USD 13295.24million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. Canada's increasing disposable incomes and a preference for luxury items.
• The Mexico Gems and Jewelry market is projected to witness growth at a CAGR of 7.5% during the forecast period,with a market size of USD 10082.22million in 2024.

Europe Gems and Jewelry Market

According to Cognitive Market Research, the global Gems and Jewelry market size was estimated at USD 276984.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 83095.26million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3%from 2024 to 2031.

• The United Kingdom Gems and Jewelry market had a market share of USD 13960.00million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. In the UK, Gems and Jewelry sales witness an upswing due to the nation's rich heritage and a growing demand for luxury items.
• The France Gems and Jewelry market is projected to witness growth at a CAGR of 6.5%during the forecast period,with a market size of USD 7644.76 million in 2024.
• According to Cognitive Market Research, the Germany Gems and Jewelry market size was valued at USD 16452.86million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In Germany, Gems and Jewelry sales surged due to the rich heritage and a growing demand for luxury items.
• The Italy Gems and Jewelry market is projected to witness growth at a CAGR of 6.7%during the forecast period, with a market size of USD 7146.19million in 2024.
• The Russia Gems and Jewelry market is projected to witness growth at a CAGR of 6.3% during the forecast period,with a market size of USD 12879.77 million in 2024.
• The Spain Gems and Jewelry market is projected to witness growth at a CAGR of 6.4%during the forecast period with a market size of USD 6813.81million in 2024
• The LuxembourgGems and Jewelry market is projected to witness growth at a CAGR of 7.4%during the forecast period, with a market size of USD 2575.95million in 2024.
• The PortugalGems and Jewelry market is projected to witness growth at a CAGR of 7.1%during the forecast period, with a market size of USD 1745.00million in 2024.
• The GreeceGems and Jewelry market is projected to witness growth at a CAGR of 7.6%during the forecast period, with a market size of USD 997.14million in 2024.
• Rest of Europe'sGems and Jewelry market is projected to witness growth at a CAGR of 6.0%during the forecast period, with a market size of USD 12879.77million in 2024.

Asia Pacific Gems and Jewelry Market

According to Cognitive Market Research, the global Gems and Jewelry market size was estimated at USD 276984.2Million, out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 63706.37million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8%from 2024 to 2031.

• According to Cognitive Market Research, the China Gems and Jewelry market size was valued at USD 28667.86 million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. Gems and Jewelry sales surge in China due to the , reflects a blend of tradition, innovation, and evolving consumer preferences.
• The Japan Gems and Jewelry market is projected to witness growth at a CAGR of 9.3%during the forecast period, with a market size of USD 8791.48 million in 2024.
• The India Gems and Jewelry market had a market share of USD 7644.76million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. India's , reflects a blend of tradition, innovation, and evolving consumer preferences.
• The South Korea Gems and Jewelry market is projected to witness growth at a CAGR of 9.9% during the forecast period,with a market size of USD 6370.64 million in 2024.
• The Australia Gems and Jewelry market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 3312.73million in 2024.
• The South East Asia Gems and Jewelry market is projected to witness growth at a CAGR of 11.8%during the forecast period, with a market size of USD 4395.74million in 2024.
• The Rest of Asia Pacific Gems and Jewelry market is projected to witness growth at a CAGR of 10.6%during the forecast period, with a market size of USD 4523.15million in 2024.

South America Gems and Jewelry Market

According to Cognitive Market Research, the global Gems and Jewelry market size was estimated at USD 276984.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 13849.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2%from 2024 to 2031

• According to Cognitive Market Research, the Brazil Gems and Jewelry market size was valued at USD 5927.46 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. Gems and Jewelry sales flourish in Brazil due to the unique blend of cultural diversity and evolving consumer trends.
• Argentina Gems and Jewelry market had a market share of USD 2326.67million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. Argentina's unique blend of cultural diversity and evolving consumer trends.
• Colombia Gems and Jewelry market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 1232.58 million in 2024.
• Peru Gems and Jewelry market is projected to witness growth at a CAGR of 8.4% during the forecast period with a market size of USD 1135.64 million in 2024.
• Chile Gems and Jewelry market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD 997.14 million in 2024.
• The Rest of Latin America Gems and Jewelry market is projected to witness growth at a CAGR of 7.3% during the forecast period,with a market size of USD 2229.72million in 2024.

Middle East and Africa Gems and Jewelry Market

According to Cognitive Market Research, the global Gems and Jewelry market size was estimated at USD 276984.2 Million, out of which the Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 5539.68million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5%from 2024 to 2031.

• The GCC Countries Gems and Jewelry market is projected to witness growth at a CAGR of 9.3% during the forecast period with a market size of USD 2370.98 million in 2024. Gems and Jewelry sales flourish due to the increasing disposable incomes, a growing young population.
• The Egypt Gems and Jewelry market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 581.67 million in 2024.
• The South Africa Gems and Jewelry market is projected to witness growth at a CAGR of 9.5% during the forecast period,with a market size of USD 875.27million in 2024. Gems and Jewelry sales flourish in South Africa due to the increasing disposable incomes, a growing young population.
• The Turkey Gems and Jewelry market is projected to witness growth at a CAGR of 8.0% during the forecast period,with a market size of USD 476.41million in 2024.
• The Nigeria Gems and Jewelry market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 581.67 million in 2024.
• The Rest of MEA Gems and Jewelry market is projected to witness growth at a CAGR of 7.5% during the forecast period,with a market size of USD 653.68million in 2024.

Gems and Jewelry Market Analysis

Gems and Jewelry Market Type Segment Analysis

According to Cognitive Market Research, Necklaces emerge as the dominating category in the gems and jewelry market, captivating consumers with their timeless elegance and versatile designs. Offering a blend of luxury and sophistication, necklaces hold a prominent position in the market due to their ability to effortlessly enhance any outfit, from casual to formal wear. Their appeal lies in their versatility, as they can be worn as standalone statement pieces or layered for a more personalized look. Additionally, necklaces often feature intricate craftsmanship and a variety of precious gemstones, further elevating their desirability and driving their dominance in the market.

Bracelets are emerging as the fastest-growing category in the gems and jewelry market, experiencing a surge in popularity due to their fashion-forward appeal and ability to complement various styles. Unlike other jewelry pieces, bracelets offer a more subtle yet impactful way to accessorize, making them a preferred choice for many consumers looking to add a touch of elegance to their ensemble. The growth in the bracelets segment can also be attributed to the increasing trend of personalized and customizable jewelry, allowing consumers to express their individuality through unique bracelet designs.

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 Gems and Jewelry Industry. Request a Free Sample PDF!

Gems and Jewelry Market Application Segment Analysis

According to Cognitive Market Research, Wedding jewelry emerges as the dominating category in the gems and jewelry market, driven by the timeless tradition of exchanging rings and adorning oneself with precious jewels to symbolize love and commitment. Wedding jewelry holds significant emotional value, making it a focal point for couples preparing for their special day. The demand for intricate and luxurious wedding jewelry sets, including rings, necklaces, earrings, and bracelets, continues to grow as consumers seek exquisite pieces to mark this important milestone in their lives.

The Fashion jewelry is emerging as the fastest-growing category in the gems and jewelry market, fueled by rapidly changing fashion trends and the desire for affordable yet stylish accessories. Unlike traditional fine jewelry, fashion jewelry offers a wide range of designs and materials, appealing to a broader consumer base. The rise of social media influencers and online fashion platforms has further boosted the popularity of fashion jewelry, as consumers seek to replicate the latest trends.

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

Gems and Jewelry Commodity Type Segment Analysis

Commodity Type Segment Analysis

According to Cognitive Market Research, Diamonds reign as the dominating category in the gems and jewelry market, esteemed for their rarity, durability, and timeless allure. Their status as the ultimate symbol of luxury and romance has cemented their position as the most coveted gemstone among consumers worldwide. The enduring appeal of diamonds lies in their versatility, as they can be showcased in a variety of jewelry styles, from classic solitaire rings to elaborate necklaces and earrings.

The Gemstones are emerging as the fastest-growing category in the gems and jewelry market, experiencing a surge in popularity due to their vibrant colors, unique characteristics, and spiritual significance. Consumers are increasingly drawn to gemstones for their ability to add a personal touch to their jewelry collection, with each gemstone representing different meanings and energies. The growing trend of personalized and meaningful jewelry has fueled the demand for gemstones, as consumers seek to incorporate these precious stones into their everyday accessories.

• Gold
• Silver
• Platinum
• Pearl
• Gemstones
• Diamonds

Gems and Jewelry Distribution Channel Segment Analysis

Distribution Channel Segment Analysis

According to Cognitive Market Research, Offline retail stores dominate the distribution channel in the gems and jewelry market, offering consumers a tactile and personalized shopping experience that cannot be replicated online. These brick-and-mortar stores provide customers with the opportunity to physically examine and try on jewelry, allowing them to assess the quality and craftsmanship before making a purchase. The expertise of in-store staff also plays a crucial role in guiding customers through their purchase decisions, particularly for high-value items such as diamonds and luxury jewelry.

The Online retail stores are emerging as the fastest-growing category in the gems and jewelry market, driven by the convenience and accessibility they offer to consumers. The rise of e-commerce has opened up a world of possibilities for jewelry shopping, allowing customers to browse and purchase from a wide selection of products without leaving their homes. Online retailers often provide detailed product descriptions, images, and customer reviews, empowering consumers to make informed decisions. Additionally, the ability to compare prices and easily find unique and niche jewelry pieces online has contributed to the rapid growth of this distribution channel.

• Offline Retail Stores
• Online Retail Stores

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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