Luxury Jewelry Market Size, Share & Trends Report

Luxury Jewelry Market Size, Share & Trends Analysis Report By Application (Female, Male), By Material (Diamond, Gold, Platinum), By Product (Necklace, Ring, Earring), By Distribution Channel, And Segment Forecasts, 2019 - 2025

  • Published Date: May, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-093-4
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 110

Industry Insights

The global luxury jewelry market size was estimated at USD 39.33 billion in 2018 and is projected to expand at a CAGR of 7.6% from 2019 to 2025. High demand for premium fashion products across the globe is projected to remain a favorable factor for the market growth. Luxury jewelry products are relatively costly on account of the quality and usage of precious materials including diamond and gold.

The market is expected to witness strong demand, particularly from developing countries of Asia Pacific as a result of increased purchase power in urban class population. Rising disposable income levels have positively affected the market growth. Increasing consumer preference for branded jewelry is also likely to contribute to the product demand. Consumers are willing to spend more on branded and luxury jewelry to create their own style statement.

U.S. luxury jewelry market

Moreover, the manufacturers are introducing new products of different shapes and colors to fulfill the changing consumer demands. These factors are expected to propel the market growth in the years to come. The female application segment is leading the global market due to availability of a variety of products for women. Economic independence of individuals has also been a major driver for the global luxury jewelrymarket.

Market growth in the glamour and fashion sector has also helped boost the product demand as top models and celebrities are marketing branded products, which helps target a larger consumer base. High demand for ethical, high-quality, and latest designs is also increasing the product demand across the globe. Major manufacturers focus on the new trends, changing fashion styles, and consumer behavior for the growth and development of the various variants.

The product demand has also increased owing to extensive usage of jewels in fashion accessories including, watches, apparels, and bags. Therefore, this indirect market for luxury jewelry products is also anticipated to impel the overall demand in the years to come. Moreover, technological developments, resulting in digitalization of marketing, provides a better customer satisfaction with a view of targeting a wider section of population at once, thereby supporting market growth.

Material Insights

The gold segment is anticipated to have the majority of the market share due to high demand for gold-based jewelry, particularly in developing countries of Asia Pacific including, India, China, and Bangladesh. Following gold, platinum is also expected to witness a significant growth at a CAGR of 7.6% from 2109 to 2025. Platinum is considered as a premium material and has high demand, particularly in the Europe and North America regions. Customer preference for personalized patterns and designs in the westerns countries is anticipated to drive the platinum segment growth.

Increasing demand for couple rings, bracelets, and other jewelry-based accessories made using diamonds is driving the diamond material segment. Other materials, such as, silver, titanium, black rhodium, and black gold, cover a smaller segment in materials used as base for manufacturing luxury jewelry. These are easily available and are cheaper than platinum, gold, and diamonds, hence are not considered as the fittest base material for product manufacturing.

Product Insights

Based on product, the market can be segmented into necklaces, rings, bracelets, and earrings. The ring product segment is expected to lead the global market on account of increasing demand for luxury rings to be used in day-to-day life to denote financial status. Moreover, couples tend to buy different sets of rings for different occasions, which is expected to be another major factor driving the segment.

Moreover, high influence of western culture, especially on emerging economies of APAC, is contributing to the demand further. Rising demand for different bracelets, necklaces, and earrings for daily use due to changing fashion trends is also expected to accelerate the market growth. New fashion trends portrayed in the latest commercial, movies, and television programs also have a significant influence on the product demand.

Distribution Channel Insights

The offline distribution channel segment is expected to reach at USD 36.73 billion by 2025. The online portals of the leading companies focus on providing a better customer experience. Market leaders, such as Tiffany & Co., are providing pre purchase home delivery for selected products against surety of buying a product. This trend in the selling strategy has provided them with positive customer behavior, which helps increase the company revenue.

Application Insights

Female application segment generated a revenue of more than USD 20 billion in 2018. Rising popularity of lightweight fashion jewelry, especially among working individuals, is projected to remain a prominent factor driving the segment growth. The male application segment is expected to witness the fastest growth at a CAGR of 7.7% from 2019 to 2025.

Global luxury jewelry market

This growth is attributed to the increasing demand for rings and bracelets among working class males in emerging economies including China, India, Bangladesh, and Pakistan.

Regional Insights

Asia Pacific is expected to be the largest and fastest-growing regional market recording a CAGR of 8.0% from 2019 to 2025. Majority of the product demand is generated by the developing countries, including, India, China, and Bangladesh.Premium jewelry is the most commonly purchased product in North America and in some parts of Europe and Central & South America. North America was the second most prominent market with a market share of more than 10% in 2018, followed by Europe, which is expected to be the second-fastest growing region from 2019 to 2025.

Luxury Jewelry Market Share Insights

Key industry participants include Societe Cartier; Guccio Gucci S.p.A.; Harry Winston, Inc.; Tiffany & Co.; Buccellati Holding SPA; Bulgari SPA; K. Mikimoto & Co., Ltd.; Compagnie Financiere Richemont SA; Chopard International SA; and Graff Diamonds Corporation. The companies focus on the development of new product designs as per changing fashion trends to acquire a larger market share.

Report Scope



Base year for estimation


Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., U.K., Germany, China, India, Brazil, and UAE

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global luxury jewelry market report on the basis of material, product, distribution channel, application, and region:

  • Material Outlook (Revenue, USD Million, 2015 - 2025)

    • Gold

    • Platinum

    • Diamond

    • Others

  • Product Outlook (Revenue, USD Million, 2015 - 2025)

    • Necklace

    • Ring

    • Bracelet

    • Earring

    • Others

  • Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

    • Online

    • Offline

  • Application Outlook (Revenue, USD Million, 2015 - 2025)

    • Male

    • Female

  • Regional Outlook (Revenue, USD Million, 2015 - 2025)

    • North America

      • U.S.

    • Europe

      • U.K.

      • Germany

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

      • UAE

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