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

Report Overview

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 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 the 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 product demand. Consumers are willing to spend more on branded and luxury jewelry to create their 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 the availability of a variety of products for women. The economic independence of individuals has also been a major driver for the global luxury jewelry market.

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, apparel, 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 the digitalization of marketing, provides better customer satisfaction with a view of targeting a wider section of the population at once, thereby supporting market growth.

Material Insights

The gold segment is anticipated to have the majority of the market share due to the 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 significant growth at a CAGR of 7.6% from 2109 to 2025. Platinum is considered a premium material and has high demand, particularly in the Europe and North American regions. Customer preference for personalized patterns and designs in 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 a 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 the 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, the 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 market growth. New fashion trends portrayed in the latest commercial, movies, and television programs also have a significant influence on product demand.

Distribution Channel Insights

The offline distribution channel segment is expected to reach 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 a surety of buying a product. This trend in the selling strategy has provided them with positive customer behavior, which helps increase company revenue.

Application Insights

The female application segment generated a revenue of more than USD 20 billion in 2018. The 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. The 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 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.

Luxury Jewelry Market Report Scope

Report Attribute


Market size value in 2020

USD 45.62 billion

Revenue forecast in 2025

USD 65.48 billion

Growth Rate

CAGR of 7.6% from 2019 to 2025

Base year for estimation


Historical data

2015 - 2017

Forecast period

2019 - 2025

Quantitative units

Revenue in USD million and CAGR from 2019 to 2025

Report coverage

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

Segments covered

Material, product, distribution channel, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; U.K.; Germany; China; India; Brazil; UAE

Key companies profiled

Societe Cartier; Guccio Gucci S.p.A.; Harry Winston, Inc.; Tiffany & Co.; Buccellati Holding SPA; Bulgari SPA; K. Mikimoto & Co., Ltd.; Graff Diamonds Corporation.

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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 this study, Grand View Research has segmented the global luxury jewelry market report based on 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

      • The U.S.

    • Europe

      • U.K.

      • Germany

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

      • UAE

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