Luxury Jewelry Market is predicted to reach USD 95.8 billion at a CAGR of 7.85% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Global Luxury Jewelry Market” that contains information from 2018 to 2030. The Luxury Jewelry market is estimated to register a CAGR of 7.85% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Luxury Jewelry market— Harry Winston Inc., Guccio Gucci S.P.A., Tiffany & Co., Chanel, Buccellati Holding Italia SPA., Chopard International SA, Mikimoto& Co. Ltd., and Bulgari S.P.A.

Luxury Jewelry Market Highlights

The global Luxury Jewelry market is accounted to register a CAGR of 7.85% during the forecast period and is estimated to reach USD 95.8 billion by 2030.

The luxury jewelry market comprises high-end, meticulously crafted adornments made from precious metals, gemstones, and exquisite materials. These pieces often exhibit exceptional design, craftsmanship, and exclusivity, catering to discerning customers seeking status, elegance, and investment value in their jewelry choices. The market's dynamics are influenced by fashion trends, cultural preferences, and the aspiration for unique, enduring pieces.

Segment Analysis

The global Luxury Jewelry market has been segmented based on Type, Material and End-Users.

On the basis of Type, the market is segmented into necklaces, rings, bracelets, earrings, and others. Over 284.6 million dollars will be spent in Europe. Continuous advancements in skincare products and the preference of the working population for skin-improving products are what are fueling the expansion of the sheet face mask market in the area. It's anticipated that increased product penetration will raise brand awareness and consequently, market demand. The UK and Italy are the two countries that are most responsible for the regional sheet face mask market's expansion.

Based on Material, the global Luxury Jewelry market has been segmented into gold, silver, platinum, and others. The luxury jewellery market statistics for the forecast period of 2022–2030 indicates that the gold sector, which dominated the market in 2022, will experience the quickest growth.

Based on End User, the global Luxury Jewelry market has been segmented into men and women. Women held the greatest segment share in 2022 due to a surge in women's preference for lightweight jewellery made of diamond and expensive gold, as well as an increase in buying power backed by the population of working women, which drives the market for upscale jewellery.

Regional Analysis

The global Luxury Jewelry market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Luxury Jewelry market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Luxury Jewelry market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Luxury Jewelry market comprises of Middle East, Africa, and Latin America.

The European Luxury Jewelry Market dominated this market in 2022. During the study period, it is anticipated to increase at a substantial CAGR, reaching USD 56.5 billion in 2022. The well-established market for luxury jewellery products, together with important trends like personalization, the rising popularity of pop-up stores, and the blending of costume jewellery with current fashion, are to blame for this.

Due to consumers' increasing preference for luxury goods as a result of improving purchasing power parity, the North American luxury jewellery industry holds the second-largest market share. This trend will also lead to lucrative and rewarding market expansion chances. Additionally, the U.S. luxury jewellery industry had the biggest market share, while the fastest-growing market in the European region was the luxury jewellery market in Canada.

Moreover, from 2022 to 2030, the luxury jewellery market in Asia-Pacific is anticipated to expand at the quickest CAGR. This is a result of increasing personal disposable income, modernity, globalisation, and an ever-increasing population. The accessibility of fine jewellery will also support the market's expansion in this area. In addition, the Indian luxury jewellery market had the quickest rate of growth in the Asia-Pacific region, while the luxury jewellery market in China had the largest market share.

Key Findings of the Study

• The global Luxury Jewelry market is expected to reach USD 8 billion by 2030, at a CAGR of 7.85% during the forecast period.


• The European Luxury Jewelry Market dominated this market in 2022. During the study period, it is anticipated to increase at a substantial CAGR, reaching USD 56.5 billion in 2022.


• Based on Material, The luxury jewellery market statistics for the forecast period of 2022–2030 indicates that the gold sector, which dominated the market in 2022, will experience the quickest growth.