
Latin America Jewellery Market Report and Forecast 2025-2034
Description
The Latin America jewellery market size was around USD 8.58 Billion in 2024. The market is estimated to grow at a CAGR of 6.40% during 2025-2034 to reach a value of USD 15.96 Billion by 2034.
The rich jewellery craftsmanship in the region provides customers with pieces that cater to their preferences. Additionally, jewellery made of gold, jade, shells, and feathers holds cultural significance in the region.
In order to distinguish themselves from their competitors and attract environmentally conscious consumers, manufacturers are attempting to embrace sustainable production practices. They are also using upcycled gold and ethically sourced gemstones to enhance the sustainability of jewellery production.
Key Trends and Developments
Technological advancements; presence of abundant reserves of metals; growing sustainability concerns; and growing demand for personalised jewellery pieces are impacting the Latin America jewellery market growth
Latin America Jewellery Market Trends
The popularity of online shopping in Latin America is rising, owing to a surge in usage of smartphones, increased internet penetration, and growth in personal income. The expanding e-commerce and online shopping sector helps jewellery manufacturers reach a wider audience beyond their geographical boundaries.
Consumers are increasingly seeking unique and personalised jewellery options that meet their individual needs and taste. The customised jewellery trend is further receiving a boost as consumers get influenced by celebrities wearing jewellery with engraved names and charms. By offering an option to customise jewellery, small businesses can increase their market share.
Consumers across Latin American countries, such as Brazil, are increasingly becoming conscious of the environmental and social impact of their jewellery. As a result, jewellery companies that adopt sustainable practices, such as using upcycled gold and ethically sourced gemstones, can differentiate themselves and attract eco-conscious consumers.
Market Segmentation
“Latin America Jewellery Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product:
Gold is widely used in making jewellery and is often considered an investment due to its durability and high market value. It can also be handed down to the next generation without facing depreciation.
Gold is resistant to corrosion, rust, and tarnish, which makes it a highly reliable material for making jewellery.
Sterling silver or 925 silver is commonly used for making silver jewellery. It has 92.5 percent pure silver content, and the remaining 7.5 percent is usually copper, though other metals like nickel can also be used. The addition of copper to silver makes it harder and hence easier to work with, without compromising on its brightness.
Based on product, necklace/neck pieces account for a significant share of the Latin America jewellery market
The jewellery market has embraced 3D printing, with which jewellery production has become much more affordable. This technology enables jewellers to produce custom pieces with ease and allows for intricate and detailed designs beyond traditional methods.
CAD/CAM systems enable jewellers to create unique designs and efficiently mass-produce jewellery that would otherwise be more time-consuming. The technology helps boost productivity and meet the demand for customised pieces, revolutionising the process of jewellery making and making it more efficient.
Competitive Landscape
To establish a unique position in the market, players employ strategies focused on brand awareness, marketing, and distribution
Other notable players operating in the Latin America jewellery market include Pandora A/S, Morana, HStern Indústria e Comércio SA, Swarovski Group, and Pepe Dominguez Silver Jewelry, among others.
Latin America Jewellery Market Analysis by Country
Brazil is the largest diamond producer in Latin America, with the Braúna mine being the country’s biggest diamond mine. It is also a significant market for fine jewellery with a significant population having more income levels than other Latin American countries. Brazilian jewellery designers combine coloured stones, especially pastel gemstones such as blue topaz, to create attractive pieces of jewellery. Fashionable jewellery, such as dangling earrings, and jewellery that blends with nature are also very popular among Brazilian women.
Argentina is home to several fashion silver jewellery stores, offering diverse designs of necklaces, bangles, bracelets, and earrings. Additionally, Argentina is known for its finest silver globally, hence manufacturers procure high-quality silver from the country to manufacture 925 sterling silver, which is further used in jewellery and decorative items.
The rich jewellery craftsmanship in the region provides customers with pieces that cater to their preferences. Additionally, jewellery made of gold, jade, shells, and feathers holds cultural significance in the region.
In order to distinguish themselves from their competitors and attract environmentally conscious consumers, manufacturers are attempting to embrace sustainable production practices. They are also using upcycled gold and ethically sourced gemstones to enhance the sustainability of jewellery production.
Key Trends and Developments
Technological advancements; presence of abundant reserves of metals; growing sustainability concerns; and growing demand for personalised jewellery pieces are impacting the Latin America jewellery market growth
Latin America Jewellery Market Trends
The popularity of online shopping in Latin America is rising, owing to a surge in usage of smartphones, increased internet penetration, and growth in personal income. The expanding e-commerce and online shopping sector helps jewellery manufacturers reach a wider audience beyond their geographical boundaries.
Consumers are increasingly seeking unique and personalised jewellery options that meet their individual needs and taste. The customised jewellery trend is further receiving a boost as consumers get influenced by celebrities wearing jewellery with engraved names and charms. By offering an option to customise jewellery, small businesses can increase their market share.
Consumers across Latin American countries, such as Brazil, are increasingly becoming conscious of the environmental and social impact of their jewellery. As a result, jewellery companies that adopt sustainable practices, such as using upcycled gold and ethically sourced gemstones, can differentiate themselves and attract eco-conscious consumers.
Market Segmentation
“Latin America Jewellery Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product:
- Necklace
- Earrings
- Ring
- Charms and Bracelets
- Others
- Gold
- Diamond
- Platinum
- Silver
- Others
- Unbranded
- Branded
- Real/Fine
- Costume
- Women
- Men
- Offline
- Online
- Brazil
- Mexico
- Argentina
- Chile
- Others
Gold is widely used in making jewellery and is often considered an investment due to its durability and high market value. It can also be handed down to the next generation without facing depreciation.
Gold is resistant to corrosion, rust, and tarnish, which makes it a highly reliable material for making jewellery.
Sterling silver or 925 silver is commonly used for making silver jewellery. It has 92.5 percent pure silver content, and the remaining 7.5 percent is usually copper, though other metals like nickel can also be used. The addition of copper to silver makes it harder and hence easier to work with, without compromising on its brightness.
Based on product, necklace/neck pieces account for a significant share of the Latin America jewellery market
The jewellery market has embraced 3D printing, with which jewellery production has become much more affordable. This technology enables jewellers to produce custom pieces with ease and allows for intricate and detailed designs beyond traditional methods.
CAD/CAM systems enable jewellers to create unique designs and efficiently mass-produce jewellery that would otherwise be more time-consuming. The technology helps boost productivity and meet the demand for customised pieces, revolutionising the process of jewellery making and making it more efficient.
Competitive Landscape
To establish a unique position in the market, players employ strategies focused on brand awareness, marketing, and distribution
Other notable players operating in the Latin America jewellery market include Pandora A/S, Morana, HStern Indústria e Comércio SA, Swarovski Group, and Pepe Dominguez Silver Jewelry, among others.
Latin America Jewellery Market Analysis by Country
Brazil is the largest diamond producer in Latin America, with the Braúna mine being the country’s biggest diamond mine. It is also a significant market for fine jewellery with a significant population having more income levels than other Latin American countries. Brazilian jewellery designers combine coloured stones, especially pastel gemstones such as blue topaz, to create attractive pieces of jewellery. Fashionable jewellery, such as dangling earrings, and jewellery that blends with nature are also very popular among Brazilian women.
Argentina is home to several fashion silver jewellery stores, offering diverse designs of necklaces, bangles, bracelets, and earrings. Additionally, Argentina is known for its finest silver globally, hence manufacturers procure high-quality silver from the country to manufacture 925 sterling silver, which is further used in jewellery and decorative items.
Table of Contents
164 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Jewellery Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Jewellery Historical Market (2018-2024)
- 5.3 Global Jewellery Market Forecast (2025-2034)
- 6 Latin America Jewellery Market Overview
- 6.1 Key Industry Highlights
- 6.2 Latin America Jewellery Historical Market (2018-2024)
- 6.3 Latin America Jewellery Market Forecast (2025-2034)
- 7 Latin America Jewellery Market by Product
- 7.1 Necklace
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Earrings
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Ring
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Charms and Bracelets
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Latin America Jewellery Market by Material Type
- 8.1 Gold
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Diamond
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Platinum
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Silver
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Others
- 9 Latin America Jewellery Market by Category
- 9.1 Unbranded
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Branded
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 Latin America Jewellery Market by Type
- 10.1 Real/Fine
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Costume
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 11 Latin America Jewellery Market by End Use
- 11.1 Women
- 11.1.1 Historical Trend (2018-2024)
- 11.1.2 Forecast Trend (2025-2034)
- 11.2 Men
- 11.2.1 Historical Trend (2018-2024)
- 11.2.2 Forecast Trend (2025-2034)
- 12 Latin America Jewellery Market by Distribution Channel
- 12.1 Offline
- 12.1.1 Historical Trend (2018-2024)
- 12.1.2 Forecast Trend (2025-2034)
- 12.2 Online
- 12.2.1 Historical Trend (2018-2024)
- 12.2.2 Forecast Trend (2025-2034)
- 13 Latin America Jewellery Market by Country
- 13.1 Brazil
- 13.1.1 Historical Trend (2018-2024)
- 13.1.2 Forecast Trend (2025-2034)
- 13.2 Mexico
- 13.2.1 Historical Trend (2018-2024)
- 13.2.2 Forecast Trend (2025-2034)
- 13.3 Argentina
- 13.3.1 Historical Trend (2018-2024)
- 13.3.2 Forecast Trend (2025-2034)
- 13.4 Chile
- 13.4.1 Historical Trend (2018-2024)
- 13.4.2 Forecast Trend (2025-2034)
- 13.5 Others
- 14 Market Dynamics
- 14.1 SWOT Analysis
- 14.1.1 Strengths
- 14.1.2 Weaknesses
- 14.1.3 Opportunities
- 14.1.4 Threats
- 14.2 Porter’s Five Forces Analysis
- 14.2.1 Supplier’s Power
- 14.2.2 Buyer’s Power
- 14.2.3 Threat of New Entrants
- 14.2.4 Degree of Rivalry
- 14.2.5 Threat of Substitutes
- 14.3 Key Indicators for Demand
- 14.4 Key Indicators for Price
- 15 Value Chain Analysis
- 16 Trade Data Analysis
- 16.1 Major Importing Countries
- 16.1.1 By Value
- 16.1.2 By Volume
- 16.2 Major Exporting Countries
- 16.2.1 By Value
- 16.2.2 By Volume
- 17 Competitive Landscape
- 17.1 Supplier Selection
- 17.2 Key Global Players
- 17.3 Key Regional Players
- 17.4 Key Player Strategies
- 17.5 Company Profiles
- 17.5.1 Vivara Participacoes S.A
- 17.5.1.1 Company Overview
- 17.5.1.2 Product Portfolio
- 17.5.1.3 Demographic Reach and Achievements
- 17.5.1.4 Certifications
- 17.5.2 Kering
- 17.5.2.1 Company Overview
- 17.5.2.2 Product Portfolio
- 17.5.2.3 Demographic Reach and Achievements
- 17.5.2.4 Certifications
- 17.5.3 LVMH Moet Hennessy (Louis Vuitton)
- 17.5.3.1 Company Overview
- 17.5.3.2 Product Portfolio
- 17.5.3.3 Demographic Reach and Achievements
- 17.5.3.4 Certifications
- 17.5.4 Compagnie Financiere Richemont SA
- 17.5.4.1 Company Overview
- 17.5.4.2 Product Portfolio
- 17.5.4.3 Demographic Reach and Achievements
- 17.5.4.4 Certifications
- 17.5.5 Pandora A/S
- 17.5.5.1 Company Overview
- 17.5.5.2 Product Portfolio
- 17.5.5.3 Demographic Reach and Achievements
- 17.5.5.4 Certifications
- 17.5.6 Morana
- 17.5.6.1 Company Overview
- 17.5.6.2 Product Portfolio
- 17.5.6.3 Demographic Reach and Achievements
- 17.5.6.4 Certifications
- 17.5.7 HStern Industria e Comercio SA
- 17.5.7.1 Company Overview
- 17.5.7.2 Product Portfolio
- 17.5.7.3 Demographic Reach and Achievements
- 17.5.7.4 Certifications
- 17.5.8 Swarovski Group
- 17.5.8.1 Company Overview
- 17.5.8.2 Product Portfolio
- 17.5.8.3 Demographic Reach and Achievements
- 17.5.8.4 Certifications
- 17.5.9 Pepe Dominguez Silver Jewelry
- 17.5.9.1 Company Overview
- 17.5.9.2 Product Portfolio
- 17.5.9.3 Demographic Reach and Achievements
- 17.5.9.4 Certifications
- 17.5.10 Others
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