Luxury Jewellery Market Size, Share, Growth, and Industry Analysis, By Type (Necklaces, Rings, Earrings, Bracelets), By Application (Women’s Jewellery, Men’s Jewellery, Children’s Jewellery) and Regional Forecast to 2033

LUXURY JEWELLERY MARKET OVERVIEW

The global Luxury Jewellery Market size is USD 98.2 billion in 2025 and is projected to touch USD 171.52 billion in 2033, exhibiting a CAGR of 7.22% during the forecast period.

High End Jewellery sector is a unique part of the international jewellery market, which is promoted by extremely high-end workmanship, and utilizing unique gemstones, high brand names and luxury jewellery products. It offers such prestigious items as diamond rings, gold chains, platinum watches as well as pieces specifically designed by such legendary brands as Cartier, Tiffany & Co., Bulgari, and Van Cleef & Arpels. This is a market which is stimulated by wealthy buyers who do not only need to be adorned and surrounded by investor-quality assets and status symbols. The increase of disposable incomes, impact of celebrity culture and increased appreciation of artisanal design are still contributing to the increased demand both on mature economies and on emerging economies.

The last few years have witnessed a switch to personalization, sustainability, and digital interaction in the market. The elite consumers are more inclined to support tailor-made jewellery and ethical sourcing procedures that encourage brands to practice responsible mining and clear supply chains. Moreover, the change online shopping and fake trial in jewellery business has also impacted the sale and marketing process of luxury jewellery, particularly towards the youth market. The Asia-Pacific region with great potential especially China and India is becoming a powerful region because of preferences in cultures and economic development. The luxury jewellery market is therefore strong and likely to grow at the same rate, as being innovative alongside heritage will satisfy those clients who are satisfied with both tradition and exclusivity.

Key Findings

• Market Size and Growth: The global luxury jewellery market saw a volume increase of over 18% in high-end product shipments between 2022 and 2024, driven by premiumization in emerging markets.

• Key Market Trends: Personalised jewellery orders grew by 28% globally in 2024, with Gen Z consumers accounting for over 30% of online luxury jewellery purchases.

• Key Market Drivers: Rising upper-middle-class households in India and China contributed to a 35% surge in luxury jewellery imports in Asia-Pacific between 2021 and 2024.

• Technological Advancements: Over 40% of luxury jewellery brands adopted blockchain authentication systems by 2024 to address consumer demand for traceability and ethical sourcing.

• Regional Growth: China and India jointly accounted for over 50% of global luxury jewellery unit growth from 2021 to 2024, leading global demand due to cultural festivals and gifting.

• Type Segmentation: Rings represented approximately 32% of total luxury jewellery units sold globally in 2024, with engagement rings remaining the top sub-category.

• Application Segmentation: Women’s luxury jewellery accounted for over 70% of global demand in 2024, while men’s jewellery saw a 22% year-on-year growth, especially in urban Asia.

• Key Players: In 2024, Cartier, Tiffany & Co., and Bulgari held a combined 46% share of the global branded luxury jewellery market, based on brand value and product turnover.

US TARIFF IMPACT

"Luxury Jewellery Market Industry had a Negative Effect Due to supply chain disruption "

The US tariff has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-2025. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand.

A significant effect that the US tariffs have put on the imported precious metals, gemstones and prepared jewellery products have made the luxury jewellery sector a little more expensive. The gold, diamond, platinum and some prestigious accessory taxes in most of the countries such as China and India have added the cost of production and sourcing within the US luxury brands and merchants. Consequently, most businesses are either undergoing reduced profit levels or have to increase the prices to the extent that well-off consumers could be driven away. Smaller luxury jewellers, especially, cannot bear such increased costs without compromising with the quality or design. Also, there are tariffs on imported tools and machineries to be employed in the fine jewellery manufacturing process which obstructs the local production capacity. The volatile trade policies create havoc on long term agreements on sourcing and international supply chain plans. Some brands are considering using alternative sources of supplies, send manufacturing to non-tariff countries, or work out new supplier terms, to alleviate the effects. Although the ultra-luxury segment is somewhat focused, to some level, bigger fluctuations (larger over-all market) and increased cost of inputs (tariff) make continuing long-term growth and competitiveness of the US luxury jewellery industry problematic.

LATEST TRENDS

"Boho-Luxe Revival in Luxury Jewellery to Drive Market Growth"

One of the most dramatic new influences changing the luxury jewellery industry is the revival of boho-luxe trend that mixes casual organic designs with luxury fabrics. Vast outfits such as Chlo, Saint Laurent to Bottega Veneta are using shells, fake pearls, huge beads, and baroque detail in their new collections to establish a new impulse to their clothes with a touch of summer ease and happiness to health. It is maximized, “rich hippie” feeling of statement-making, statement-making accessories and ornaments that appeal particularly to younger wealthy people who want to find their own unique personalities and spiritual connection with the design of their body. Naming celebrities as its representatives and working with fashion designers are other factors that enhance its popularity as it straddles the fence between casualness and refinement in clothing. This narrative is encouraged by the brands as their demands increase, as they launch capsule lines with an emphasis on artisanal details and stories behind them. Luxury jewellery players are finding a niche where personalisation meets status by mixing bohemian themes with the high finish. This rising trend energizes seasonal collections, but is also indicative of increasing global trends in conscious, experience-driven luxury in the jewellery arena.

LUXURY JEWELLERY MARKET SEGMENTATION

BASED ON TYPES

Based on Type, the Luxury Jewellery Market can be categorized into Necklaces, Rings, Earrings and Bracelets.

• Necklaces: Necklaces are one of the most important groups of luxury jewellery and constitute one of the major luxury jewellery items in a wardrobe and consists of personal accessories as well as heirloom property. It has high demand on bridal, red carpet, and gifting occasions.

• Rings: One of the most symbolic and high-value segments, the sale of engagement and statement rings, often bought as a milestone or an investment, offer a special sphere of luxury.

• Earrings: Earrings are a classic and part of daily finesse coupled with fancy occasions, emphasising luxury styles on diamonds, pearls and designer workmanship.

• Bracelets: Originally meant to be worn as status jewellery or stackable fashion jewellery, luxury bracelets are a mix of fashionable and exclusive styles that have gained a lot of ground with both males and females.

BASED ON APPLICATIONS

Based on Application, the Luxury Jewellery Market can be categorized into Women’s Jewellery, Men’s Jewellery and Children’s Jewellery.

• Women’s Jewellery: The largest luxury jewellery consumer group is comprised of women and they are interested in classy, customized and occasion clothing jewellery.

• Men’s Jewellery: The men segment is developing fast with striking and minimalistic designs such as the chained, rings and the cufflinks showing personal style and status.

• Children’s Jewellery: Despite being niche (this is children jewellery), most of the luxury niches revolve around the gift-giving and aspects of cultural expression where the safety and simplicity drove the design.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Rising Disposable Incomes and Wealth Expansion to Boost the Market"

Among the most important strengths of the Luxury Jewellery Market Growth, is the increase in disposable incomes all over the globe, in particular among the higher-middle classes and high-net-worth people (HNWIs). By the expansion of economies and increase of wealth it follows more consumers are able to purchase luxury items such as high-end jewellery. It is especially relevant in such developing markets as China, India, and the UAE, where status-seeking, celebratory, and value-driven aspirational buyers purchase luxury pieces. Strong stock performance and a recovery in an economic situation will also lead to high consumer spending in the mature economies such as the US and Europe. Luxury jewellery which is regarded as an asset as well as ornament takes a direct advantage of this proliferation of wealth that leads to the popularity of customized designs, limited versions and the high-end materials of platinum jewellery, diamond jewellery and jewellery with coloured stones.

"Influence of Celebrity Culture and Social Media to Expand the Market"

The rushing power of the celebrity culture and the social media is a potent force in the luxury jewellery market. When the celebrities appear in red carpet events, weddings or in fashion campaigns in characteristically branded jewellery, there is a great effect of brand awareness and the desirability to own such a brand. Instagram and TikTok have become the platforms where jewellery houses can display their collections immediately to millions of people and indulge the help of influencers and stylists to produce materials of aspiration. The aesthetic quality of the luxury items suggests that it is suitable to promote them digitally due to the factor of impulse buying and lifestyle purchase. Due to the presence of younger and fashion forward customers on the online luxury sales platform, the demand of statement pieces and trend driven collection increases. The increased digital visibility not only democratizes awareness about the brand but also fast-tracks global demand, particularly among Gen Z and Millennials who want a combination of status, fashion, and social currency in both their jewellery investigation and selection decisions.

RESTRAINING FACTOR

"High Price Sensitivity and Economic Uncertainty to Potentially Slow Down Market Growth"

One of the main barriers in the market of luxury jewellery is a high price sensitivity when the economic environment remains unstable. Luxury jewellery is also a discretional item thus it depends mainly on inflation, geopolitical factors or lack of consumer trust. During these times, even wealthy shoppers will either delay or reduce expenditure in the luxuries. The price changes in gold and diamond prices, coupled with an increase in cost of production and operational expenses further contribute to pricing pressures. The purchase of lavish jewellery is highly expensive and therefore reaching out to a mass of people is hindered since the affording level may only touch the top rungs making it a specialized piece. It is quite difficult to balance between exclusiveness and changes in the economical environment the brand should always meet and the responsiveness to changes may not match the exclusive position.

OPPORTUNITY

"Expansion into Emerging Markets to create Opportunity for the Product in the Market"

One of the main growth opportunities that luxury jewellery market can grasp is to enter the emerging markets such as India, China, Brazil and sections of Africa. These areas are witnessing an unprecedented economic prosperity, growing cities, and cosmopolitan cultures of the middle-class and the global luxury brands. Customers are more aspirational and are happy to spend money in such markets in purchasing high-end products that signify prosperity and prestige. These areas also maintain their demand in fine jewellery due to festivals, weddings and other cultural practices. International brands are adjusting the marketing strategy, product and price models to suit the local tastes. Also, the government programs to promote the luxury retail stores and encourage the foreign investment are also making the entry into market feasible. With the increase in internet penetration and e-commerce infrastructure to Tier 2 and Tier 3 cities it is becoming increasingly possible to reach the affluent customers with massive but untapped existence to access these customers in the long term. Luxury Jewellery Market Share is increasing in all the developing economies.

CHALLENGE

"Ethical Sourcing and Sustainability Demands could be a Potential Challenge for Consumers"

The emerging issue that is important to the luxury jewellery market is the increased demand pegged to ethical sourcing and practice of sustainability. Customers, especially the Millennials and Gen Z, pay more attention to the ethical sourcing of precious materials, the environmental effects and the working conditions of the jewels manufacturing process. The attention attached to blood diamonds, unregulated mining as well as environmental degradation is causing the brands to insist on clarity of their supply chain. To introduce traceability technologies such as blockchain or adopt lab-grown diamonds as well as make sure to get the certification of ethical sourcing organizations in place takes large investments and is associated with structural readjustments. Even though heritage brands start to venture into sustainability, most of them stumble upon the idea of balancing the luxury image with the environmental awareness without losing exclusivity and quality standards. The inability to comply with such changing needs may hamper brand image and foul up an environmentally conscious consumer network.

LUXURY JEWELLERY MARKET REGIONAL INSIGHTS

• NORTH AMERICA

United States Luxury Jewellery Market is the leader in the luxury jewellery market and this is because of high disposal income, well established brands and mature consumers. A very high number of high-net-worth individuals (HNWIs) are located in the US especially who invest in high-quality jewellery as a means of investment in addition to wearing it personally. Other top cities such as New York and Los Angeles are prime retail centres that sell outlets such as Tiffany & Co., Cartier and Harry Winston. There is also a great gift-giving tradition, a sense of fashion, and influence of celebrities driving demand of the high-end items on the market. The usage of e-commerce and online forms of virtual shopping luxury experiences has emerged at a high rate in North America also, as brands are able to reach out directly to the tech-savvy and wealthy consumer groups. Market strategies are also being developed due to customization and sustainability trends.

• EUROPE

Europe is a mainstay of the luxury jewellery business, as a producer of jewellery and as a consumer market. Europe is renowned in having the heritage brands such as Cartier, Bulgari, Chopard, and Van Cleef and Arpels that provide rich legacy of craftsmanship and great design. The global supply chain of high end jewellery and watchmaking revolves around countries such as France, Italy and Switzerland. The region is underpinned by wealthy local customers and high-end tourism by Middle eastern, Chinese and the US as also by seasonal events such as Paris Fashion Week and Cannes Film Festival where new collections and special editions are displayed. The culture of heirloom jewellery, wedding culture, and increased commitment to more artisanal, sustainable goods strengthen the demand. The developed structure of retailing and its emphasis on personalization and exclusivity prove the European domination in the international market.

• ASIA

Asia is quickly emerging as a giant in the luxury jewellery business due to the escalating emergence in economy, the wealth of the middle-classes and the cultural embrace to wearing gold and gemstone jewellery. China and India are the two major leaders, their percentage taking up most of the demand of the world since they are populous, and have a rich history of giving and finishing. Online and store purchases have been growing exponentially due to the popularity of luxury goods among the so-called Millennial generation and Gen Z, brand awareness and digital presence. Also, import policy in various Asian countries is also being liberalized and there is also encouragement to do luxury retail which is again providing openings to international brands. Japan, South Korea and Southeast Asia help to fulfill the demand in the form of both contemporary and traditional values. The emerging consumer trends which prefer quality, authenticity and status will make the region an excellent shopping destination to both the international giants and the local luxury jewellers that prefer high volume and high margin sales.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Of the most influential players in the luxury jewellery market, a set of globally known brand players with outstanding reputation in terms of craftsmanship, inheritance and creativity are involved. One of the leaders on the market is Cartier which has become the brand with references to the eternal elegance and the articles of high value. Another such renowned brand that is under LVMH ownership is Tiffany & Co. specializing in engagement rings and blue colour packaging. Bulgari is somewhere where stimulating Roman aesthetics are mixed with contemporary luxury, whereas Van Cleef & Arpels has a long track record of poetic nature-inspired designs. Chopard and Graff are the two brands of perfection and luxury of gemstones. Harry Winston, the so-called King of Diamonds, has a rather high profile in the ultra-high-end segments. New entrants such as David Yurman and Buccellati provide diversity to the category in terms of art and modern fashion. Such brands have been growing by launching flagship stores, partnerships with celebrities, and online, as well as accommodating consumer demand in ethical supply chain, personalization, and environmental responsibility in the luxury jewellery.

LIST OF TOP LUXURY JEWELLERY COMPANIES

• Tiffany & Co. (U.S.)
• Cartier (France)
• Bulgari (Italy)
• Harry Winston (U.S.)
• Van Cleef & Arpels (France)
• Graff (U.K.)
• Chopard (Switzerland)
• Buccellati (Italy)
• David Yurman (U.S.)
• Boucheron (France)

KEY INDUSTRY DEVELOPMENTS

June 2025: Titan Company (India) has said it is close to acquiring an about 72% stake in Damas International at around 2,500 crore (USD 300million). The goal of making this strategic move is to enhance the presence of Titan extensively on the global scene, especially in the Gulf region, within the arena of luxury jewellery.

REPORT COVERAGE

The luxury jewellery sector is showing great resistance and resilience and is being given boost by the growing worldwide wealth and changing tastes and preferences and the growing attraction towards wearing high end personal adornments as a status symbol and investment. The markets in developed regions such as North America and Europe still have a high demand as heritage brands and long luxury heritage are the driving forces. In the meantime, other new economies such as China, India and some parts of the Middle East are gaining their foothold in the market at a very high pace due to the affluence of the middle classes, cultural events and awareness of brands. Customer engagement along with transparency is also increasing thanks to the technological innovations, e.g. virtual try-ons and blockchain authentication, which also contributes to the market growth.

Nonetheless, the industry has to deal with such problems as economic uncertainty, ethical sourcing issues, and increased competition with lab-grown diamonds or other types of luxury products. To maintain their customers, the top brands have been investing in sustainability practices, product differentiation, and niche market expansion in order to maintain their clientele following the changing needs. The industry also has a long-term vision as manifested by strategic mergers, overseas acquisitions, and investments in craftsmanship facilities. With changing values towards conscious luxury the market is now bound to move further towards a balance between exclusivity and accessibility and tradition and innovation and also remain a destination for a diverse, global clients group covering the ages.