Luxury Jewellery Market Report 2025 (Global Edition)

Global Luxury Jewellery Market Report 2025 Market Size Split by Raw material (Gold, Platinum, Diamond, Precious Pearls, Gemstones, Others), by Product (Necklaces, Ring, Earrings, Bracelets, Others), b...

Luxury Jewellery Market Report Description

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Luxury Jewellery Market Insights Video

Competitive Landscape of the Luxury Jewellery Market

In the competitive landscape is significantly influenced by the digital transformation of retail. Brands are investing heavily in e-commerce platforms and social media marketing to reach a wider audience and engage with younger consumers. The rise of online luxury marketplaces has also intensified competition, enabling new entrants to showcase their products alongside established brands.

In May 2022, Tata CLiQ Luxury launched De Beers Forevermark to offer the best luxury brands and experiences to its customers. (Source: https://www.business-standard.com/content/press-releases-ani/tata-cliq-luxury-forays-into-fine-jewellery-with-the-launch-of-de-beers-forevermark-122050200585_1.html) In Tiffany and Co., a US-based driving gems brand, reported its arrangement of delivering its first men's wedding bands. The design extends their purchaser base and taps the developing business sector because of the expanding same-sex relationships and sexual orientation liquid style. (Source: https://time.com/3662955/tiffany-gay-ad/)

Top Companies Market Share in Luxury Jewellery Industry: (In no particular order of Rank)

• 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
• Confidential Data
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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 Luxury Jewellery Market

Which Region Dominates the Luxury Jewellery Market in 2024?

According to Cognitive Market Research, North America dominates the luxury jewelry market due to a combination of high disposable incomes, strong consumer demand, and a well-established retail infrastructure. The region boasts a large population of affluent consumers who prioritize luxury goods, viewing fine jewelry as a status symbol and an investment.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific region is the fastest-growing market for luxury jewelry due to rising disposable incomes, an expanding middle class, and changing consumer preferences. Countries like China and India are witnessing significant economic growth, leading to increased spending on luxury items, including jewelry.

The current report Scope analyzes Luxury Jewellery 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 Luxury Jewellery

According to Cognitive Market Research, the global Luxury Jewellery market size was estimated at USD 38269.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 15307.80 million 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 Luxury Jewellery market with a market size of USD 12077.85 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. The U.S. market's increasing disposable incomes and a burgeoning demand for premium products.
• The Canada Luxury Jewellery market had a market share of USD 1836.94 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. Canada’s increasing disposable incomes and a burgeoning demand for premium products.
• The Mexico Luxury Jewellery market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 1393.01 million in 2024.

Europe Luxury Jewellery

According to Cognitive Market Research, the global Luxury Jewellery market size was estimated at USD 38269.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 11480.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.

• The United Kingdom Luxury Jewellery market had a market share of USD 1928.78 million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. In the UK, Luxury Jewellery sales witness an upswing due to the rich cultural heritage in craftsmanship.
• The France Luxury Jewellery market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 1056.24 million in 2024.
• According to Cognitive Market Research, the German Luxury Jewellery market size was valued at USD 2273.21 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In Germany, Luxury Jewellery surged due to the rich cultural heritage in craftsmanship.
• The Italy Luxury Jewellery market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 987.35 million in 2024.
• The Russia Luxury Jewellery market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 1779.53 million in 2024.
• The Spain Luxury Jewellery market is projected to witness growth at a CAGR of 6.4% during the forecast period with a market size of USD 941.43 million in 2024
• The Luxembourg Luxury Jewellery market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 355.91 million in 2024.
• The Portugal Luxury Jewellery market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 241.10 million in 2024.
• The Greece Luxury Jewellery market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 137.77 million in 2024.
• The Rest of Europe's Luxury Jewellery market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 1779.53 million in 2024.

Asia Pacific Luxury Jewellery

According to Cognitive Market Research, the global Luxury Jewellery market size was estimated at USD 38269.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 8801.99 million 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 Luxury Jewellery market size was valued at USD 818.97 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. Luxury Jewellery surged in China due to rising middle class and increasing wealth among millennials.
• The Japan Luxury Jewellery market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 321.46 million in 2024.
• The India Luxury Jewellery market had a market share of USD 170.30 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. India's rising middle class and increasing wealth among millennials.
• The South Korean Luxury Jewellery market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 156.90 million in 2024.
• The Australian Luxury Jewellery market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 457.70 million in 2024.
• The South East Asia Luxury Jewellery market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 137.77 million in 2024.
• The Rest of Asia Pacific Luxury Jewellery market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 308.07 million in 2024.

South America Luxury Jewellery

According to Cognitive Market Research, the global Luxury Jewellery market size was estimated at USD 38269.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1913.48 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 Luxury Jewellery market size was valued at USD 818.97 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. Luxury Jewellery flourished in Brazil due to combination of cultural appreciation for craftsmanship.
• Argentina's Luxury Jewellery market had a market share of USD 321.46 million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. Argentina's combination of cultural appreciation for craftsmanship.
• Colombia Luxury Jewellery market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 170.30 million in 2024.
• Peru Luxury Jewellery market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 156.90 million in 2024.
• Chile Luxury Jewellery market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 137.77 million in 2024.
• The Rest of Latin America's Luxury Jewellery market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 308.07 million in 2024.

Middle East and Africa Luxury Jewellery

According to Cognitive Market Research, the global Luxury Jewellery market size was estimated at USD 38269.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 765.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031..

• The GCC Countries Luxury Jewellery market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 327.59 million in 2024. Luxury Jewellery sales flourish due to the strong affinity for opulence and status symbols.
• The Egypt Luxury Jewellery market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 80.37 million in 2024.
• The South Africa Luxury Jewellery market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 120.93 million in 2024. Luxury Jewellery sales flourished in South Africa due to strong affinity for opulence and status symbols.
• The Turkey Luxury Jewellery market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 65.82 million in 2024.
• The Nigeria Luxury Jewellery market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 80.37 million in 2024.
• The Rest of the MEA Luxury Jewellery market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 90.32 million in 2024.

Luxury Jewellery Market Analysis

Luxury Jewellery Market Raw material Segment Analysis

According to Cognitive Market Research, gold remains the dominant raw material due to its enduring appeal and cultural significance. Gold jewelry symbolizes wealth and status, making it a preferred choice among consumers across various demographics. Its versatility allows for a wide range of designs, from intricate traditional pieces to modern minimalist styles, catering to diverse tastes.

The Gemstones are emerging as the fastest-growing category in the luxury jewelry market, fueled by a rising consumer interest in unique and personalized adornments. As buyers increasingly seek distinct pieces that reflect their individuality, the demand for colored gemstones—such as sapphires, emeralds, and rubies—has surged.

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 Luxury Jewellery Industry. Request a Free Sample PDF!

Luxury Jewellery Market Product Segment Analysis

According to Cognitive Market Research, the earrings stand out as the dominant product category, appealing to a broad range of consumers due to their versatility and ability to enhance any outfit. Available in various styles, including studs, hoops, and drop earrings, this category caters to diverse tastes and occasions, making them a staple in jewelry collections.

Bracelets are quickly emerging as the fastest-growing category in the luxury jewelry market, driven by evolving fashion trends and increasing consumer interest in stackable and personalized pieces. The rise of customizable charm bracelets and bangles allows consumers to express their individuality, fostering a strong emotional connection to their jewelry.

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

Luxury Jewellery Application Segment Analysis

Luxury Jewellery Market Application Segment Analysis

According to Cognitive Market Research, men's jewelry has emerged as the dominant application category, reflecting a significant cultural shift towards men embracing personal adornment. Traditionally perceived as a domain primarily for women, luxury jewelry is increasingly being recognized as a means of self-expression for men. High-end brands are expanding their collections to include a variety of items, such as cufflinks, bracelets, and necklaces, specifically designed for male consumers.

In Children’s luxury jewelry is rapidly becoming the fastest-growing application category within the luxury jewelry market, as parents increasingly invest in high-quality, stylish pieces for their children. This trend is fueled by a desire to mark special occasions, such as birthdays and graduations, with meaningful gifts that can be treasured for a lifetime.

• Women
• Men
• Children

Luxury Jewellery Distribution channel Segment Analysis

Luxury Jewellery Market Distribution channel Segment Analysis

According to Cognitive Market Research, the offline distribution channels remain the dominant avenue for sales, largely due to the tactile nature of purchasing high-value items like jewelry. Consumers often prefer to visit physical stores where they can examine the quality, craftsmanship, and design of jewelry pieces in person. The luxury shopping experience is heightened through personalized customer service, allowing buyers to engage directly with knowledgeable staff who can provide expert advice and build trust.

Online distribution channels are rapidly emerging as the fastest-growing category in the luxury jewelry market, driven by the increasing digitalization of consumer shopping behaviors. The convenience of online shopping, combined with an expanding array of luxury brands offering e-commerce platforms, has made it easier for consumers to browse and purchase jewelry from the comfort of their homes.

• Online
• Offline

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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