Luxury Jewelry Market Size To Reach $82.1 Billion By 2030

Luxury Jewelry Market Growth & Trends

The global luxury jewelry market size is anticipated to reach USD 82.1 billion by 2030, registering a CAGR of 8.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth of the market is predicted to be driven by increased demand for high-end fashion items and rising disposable income levels. Product demand is also projected to be boosted by rising customer desire for branded jewelry. Consumers are willing to spend more money on branded and high-end jewelry to express their personal style.

The growing demand for bespoke projects reflects the luxury industry's need for personalization, but it's also directly tied to upcycling. Louis Vuitton used to buy cut gems, but after observing a boom in demand for one-of-a-kind pieces, they began buying uncut stones and working directly with clients to select their final forms. Brands also seek to offer fresh takes on the diamonds themselves, in addition to innovative designs. LVMH patented two distinctive diamond cuts in the shapes of a flower and a star, as well as its monogram.

Many contemporary jewelers have been employing recycled gold for years, while others, such as Lilian Von Trapp and Vieri, work entirely with it. Kering reported 88% traceability for key raw materials during the annual ChangeNow summit in January, a crucial metric for businesses to utilize to check their environmental impacts and sustainability claims. Kering is investing in technology and innovation to assist its sustainability goals, and has built a materials innovation lab for jewelry and watches innovation that is both sustainable and innovative.

Retailers are depending less on purchases made for "special occasions.” The share of online jewelry sales in the United States and Western Europe doubled in 2019. Subscription businesses such as Switch, MintGoose, and Pura Vida Jewelry Club allow buyers to borrow high-end jewelry for a fraction of the price of buying it outright.

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Luxury Jewelry Market Report Highlights

• Gold dominated the market with the largest revenue share of 33.1% in 2024. Gold is an alluring investment during times of political and economic crisis.

• Rings dominated the market with the largest revenue share in 2024. Rings hold significant emotional and symbolic value and are commonly used for engagements, weddings, and other meaningful life occasions.

• The offline channel dominated the market, with the largest revenue share in 2024. Several consumers prefer purchasing luxury jewelry from offline stores as opposed to online platforms.

• The female segment dominated the market, with the largest revenue share in 2024. Studies show that wearing jewelry activates the brain's pleasure center, releasing dopamine and enhancing well-being.

• Asia Pacific luxury jewelry market dominated the global market, with the largest revenue share of 66.6% in 2024. Jewelry holds deep cultural importance in many APAC countries, often associated with traditions, ceremonies, and celebrations.

Luxury Jewelry Market Segmentation

Grand View Research has segmented the global luxury jewelry market report based on raw material, product, distribution channel, application, and region:

Luxury Jewelry Raw Material Outlook (Revenue, USD Million, 2018 - 2030)

• Gold

• Platinum

• Diamond

• Gemstones

• Precious Pearls

• Others

Luxury Jewelry Product Outlook (Revenue, USD Million, 2018 - 2030)

• Necklace

• Ring

• Bracelet

• Earring

• Others

Luxury Jewelry Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Online

• Offline

Luxury Jewelry Application Outlook (Revenue, USD Million, 2018 - 2030)

• Male

• Female

• Children

Luxury Jewelry Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Australia & New Zealand

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • UAE

List of Key Players of Luxury Jewelry Market

• Guccio Gucci S.p.A.

• The Swatch Group Ltd

• Compagnie Financière Richemont SA

• T&CO.

• GRAFF

• LOUIS VUITTON

• Signet Jewelers.

• Chopard

• MIKIMOTO

• Pandora