Luxury Jewelry Market to reach USD 84.2 Bn at a CAGR of 7.9 percent over the forecast period (2024-2030)

May 10 16:52 2024
Luxury Jewelry Market to reach USD 84.2 Bn at a CAGR of 7.9 percent over the forecast period (2024-2030)
Luxury Jewelry Market
Luxury Jewelry Market is segmented based on Product Type, Application, and Distribution Channel. A bottom-up approach was used to estimate the Luxury Jewelry Market size. Changing consumer behaviour to boost the Luxury Jewelry Market growth.

Stellar Market Research, a global Consumer Goods and Services market research firm has published competitive intelligence and market research report on the “Luxury Jewelry Market”. The Luxury Jewelry Market size was valued at USD 51.2 Bn in 2023. The total Luxury Jewelry Market revenue is expected to grow at a CAGR of 7.9 percent from 2024 to 2030, reaching USD 84.2 Bn during the forecast period.

Market Size in 2023        USD 51.2 Bn

Market Size in 2030        USD 84.2 Bn

CAGR    7.9 percent (2024-2030)

Forecast Period 2024-2030

Base Year            2023

Number of Pages             268

No. of Tables     121

No. of Charts and Figures             113

Segment Covered            By Product Type, Application and Distribution Channel

Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage             Market Share, Size & Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, Stellar Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Luxury Jewelry Market Scope and Research Methodology

The report includes a detailed analysis of the Luxury Jewelry Market. The competitive analysis in the report includes a company overview, financial performance, product portfolio, and strategies of the key players in the Luxury Jewelry industry. Key insights provided in the report are the major drivers of the Market, the challenges faced by the market participants, and growth prospects in the Market across the world. The Luxury Jewelry Market report covers a detailed analysis of the investments of market players to increase their global presence in the industry, which makes it an investor’s guide.

The segments covered in the report are Product Type, Application and Distribution Channel. Primary and Secondary research method was used to collect data for the Luxury Jewelry market report. Primary research was conducted to validate the findings from the secondary research method.

Luxury Jewelry Market Overview

The luxury jewelry market is a dynamic and evolving sector that caters to consumers seeking prestige, status, and beauty in their accessories. The industry covers a wide range of products, including watches, rings, pearls, gold, diamonds, and silver, each with its pricing, marketing strategies, and consumer perceptions. The market’s growth is driven by changing consumer behaviour and emerging trends, leading jewelry manufacturers to constantly innovate and stay updated to avoid becoming outdated.

Changing consumer behaviour to boost the Luxury Jewelry Market growth

The luxury jewelry market has experienced significant growth owing to modernization, westernization, and rising disposable income levels. Consumers are increasingly seeking gender-fluid jewelry options, reflecting a broader societal trend towards inclusivity and diversity. This shift has opened up new opportunities for growth and expansion in the jewelry industry. The rise of fashion jewelry and rising disposable incomes have also contributed to the growth of the market. The rise of online retail platforms has made luxury jewelry more accessible to consumers, contributing to the inclusive growth of the market. The increasing demand for precious gemstones and the focus on innovations in the industry, such as lab-created diamonds, are also driving the growth of the luxury jewelry market.

Asia Pacific region to witness Luxury Jewelry market growth over the forecast period

The Asia-Pacific region, led by key players like Tanishq, Malabar Gold and Diamonds, Qeelin, and Wallace Chan, has the largest market share in the global luxury jewelry market. This is due to the latest designs, high-quality demand, and advanced technology integration. China and India are the top markets, with a significant role in the value chain. The region’s focus on visual appeal, social media influence, and internet browsing has contributed to its growth. The region is also experiencing a surge in online distribution channels, catering to evolving consumer preferences. The demand for luxury jewelry is expected to rise due to economic growth, changing consumer lifestyles, and appreciation for luxury goods.

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Luxury Jewelry Market Segmentation

By Product Type

  • Necklaces
  • Ring
  • Earrings
  • Bracelets
  • Others

By Application

  • Men
  • Women
  • Children

By Distribution Channel

  • Online
  • Offline

Luxury Jewelry Market key players include

  • Tiffany & Co. (USA)
  • Harry Winston Inc. (USA)
  • Chopard International SA (Switzerland)
  • Graff Diamond Corporation (UK)
  • Compagnie Financiere Richemont S.A. (Switzerland)
  • Bulgari S.P.A. (Italy)
  • LVMH Moet Hennessy (France)
  • Pandora Jewelry, LLC (USA)
  • Giorgio Armani S.p.A (Italy)
  • Prada S.p.A (Italy)
  • Swarovski Group (Austria)
  • Piaget (India)
  • Pandora Jewelry LLC (USA)
  • Chow Tai Fook Jewellery Company Limited (Hong Kong)
  • Signet Jewelers (USA)
  • David Yurman (USA)
  • MOUNTAIN DIAMONDS (Switzerland)
  • The Swatch Group Ltd. (Switzerland)
  • Van Cleef and Arpels (France)

Key questions answered in the Luxury Jewelry Market are:

  • What are Luxury Jewelry Market?
  • What was the Luxury Jewelry market size in 2023?
  • What is the expected Luxury Jewelry market size by 2030?
  • What is the growth rate of the Luxury Jewelry Market?
  • Which are the factors expected to drive the Luxury Jewelry market growth?
  • Which segment dominated the Luxury Jewelry market growth?
  • What is the demand pattern for the Luxury Jewelry market?
  • Which region held the largest share in the Luxury Jewelry market?
  • Who are the key players in the Luxury Jewelry market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Product Type, Application, and Distribution Channel
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Stellar Market Research is leading Consumer Goods & Services firm, has also published the following reports:

Alpaca apparel and accessories MarketThe total market size was valued at USD 717.9 Bn in 2023 and is expected to reach USD 1175.6 Bn by 2030, at a CAGR of 7.3 percent. Rising Popularity of Luxury Fibers driving the Alpaca apparel and accessories market growth.

Luxury Goods MarketThe total market size was valued at USD 447.63 Mn. in 2023 and the total luxury goods revenue is expected to grow by 4.1 percent from 2023 to 2029, reaching USD 593.02 Mn. The emergence of technology embedded products driving the luxury goods market.

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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