The Luxury Jewelry Market size was valued at USD 51.2 Bn. in 2023 and the total Global Luxury Jewelry revenue is expected to grow at a CAGR of 7.9 % from 2024 to 2030, reaching nearly USD 84.2 Bn. by 2030.
Luxury Jewelry Market Report Overview
The report provides a comprehensive examination of micro and macro Luxury Jewelry market trends, pricing analysis, and immediate market conditions, along with a thorough exploration of key competitors. The report also delves into forthcoming trends for the Luxury Jewelry.
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Luxury Jewelry Market Report Scope and Research Methodology
The report includes historical, current, and preceding growth trajectories of the Luxury Jewelry market, encompassing metrics such as Compound Annual Growth Rate (CAGR), market size, projections, revenue shares, and pricing trends. Within the report, one can discover prevailing opportunities, industry-specific obstacles, and technological advancements that empower key stakeholders in the Luxury Jewelry industry to enhance revenue and promote growth. The document includes an overview of the competitive landscape, along with upcoming technical and financial insights within the Luxury Jewelry industry. Notably, the report features company profiles, detailing aspects such as capacity, manufacturing, pricing, costs, revenue, and pertinent statistics within the Luxury Jewelry market.
Through the utilization of a SWOT analysis, the report evaluates the strengths and weaknesses of prominent players in the Luxury Jewelry industry, while also addressing the challenges and opportunities that impact their market presence. The estimation of the Luxury Jewelry market size is accomplished through a bottom-up approach. Drawing upon extensive research efforts, the Luxury Jewelry market report seamlessly integrates both primary and secondary data sources.
Luxury Jewelry Market Regional Insights
The Luxury Jewelry market study includes company profiles from various regions, as well as information on their business strategies and statistics. The analysis of dynamics and the Luxury Jewelry market size has been provided at local, regional and global levels.
Luxury Jewelry Market Segmentation
By Application, According to SMR research, the application segment is divided into Men, Women, and Children. The women's segment is leading the growth of the luxury jewelry market, with the highest revenue share over the forecast period (2024-2030). This segment's dominance is attributed to the increased presence of female self-purchasers, who are driving significant growth in the market. Research from the JCK State of the Jewelry Industry Report indicates a rising trend of women purchasing jewelry for themselves, with 76% of respondents in the jewelry industry noting an increase in such purchases.
The report also highlights that 73% of female jewelry purchasers bought at least one piece of jewelry for themselves over the past two years. This trend is not limited to younger generations, as 45% of older generations also reported buying jewelry for themselves. The focus on self-purchasing women has led to new design possibilities and innovations within the luxury jewelry segment, further fueling its growth.
by Product Type
Necklaces
Ring
Earrings
Bracelets
Other
by Application
Men
Women
Children
by Distribution Channel
Online
Offline
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Luxury Jewelry Market Key Players
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)
Tanishq (India)
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Key questions answered in the Luxury Jewelry Market are:
- What is the expected Luxury Jewelry market size by 2030?
- What are the global trends in the Luxury Jewelry Market?
- What are the major challenges that the Luxury Jewelry Market could face in the future?
- How is the intervention from regulatory authority shaping the Luxury Jewelry Market?
- What growth strategies are the players considering to increase their presence in Luxury Jewelry Market?
- Which region held the largest market share in the Luxury Jewelry Market?
- Which regional Luxury Jewelry market is expected to grow rapidly during the forecast period?
Key Offerings:
- A Detailed Market Overview
- Market Share, Size Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- PESTLE Analysis and PORTER’s Five Force Analysis
- Market Segmentation – A detailed analysis by segments and sub-segments
- Regional Insights
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
- Industry Recommendations
- Key Findings
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