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Jewelry Market Size, Share, Trend, Industry Analysis Report By Product (Necklace, Ring, Earrings, Bracelet, Others), By Type, By Category, By Distribution Channel, By Region – Market Forecast, 2025–2034

Publisher Polaris Market Research & Consulting LLP
Published Jul 01, 2025
Length 129 Pages
SKU # PLRS20324495

Description

The jewelry market size is expected to reach USD 608.65 billion by 2034, according to a new study by Polaris Market Research. The report “Jewelry Market Size, Share, Trend, Industry Analysis Report By Product (Necklace, Ring, Earrings, Bracelet, Others), By Type, By Category, By Distribution Channel, By Region – Market Forecast, 2025–2034,” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The jewelry market refers to the global industry focused on the design, production, and sale of items such as rings, necklaces, earrings, bracelets, and other accessories crafted from precious metals, gemstones, and alternative materials. The market continues to evolve due to changing fashion preferences, consumer lifestyles, and the adoption of technological advancements. Growing demand for personalized and sustainable pieces has reshaped product offerings across both high-end and mass-market segments.

Factors such as rising disposable income, increasing gifting culture, and a stronger focus on self-expression are driving consistent demand. Jewelry is no longer limited to occasional wear; it is increasingly positioned as a daily fashion statement. Brands are expanding into experiential retail and incorporating technology, such as augmented reality and AI, to deliver interactive buying experiences. Innovation in materials, including CVD lab-grown diamonds and recycled metals, is gaining momentum due to growing awareness of ethical sourcing. Digital platforms are playing a significant role in connecting consumers with diverse collections, while offering customization at scale.

Hybrid business models are emerging where traditional craftsmanship is combined with modern design tools to enhance efficiency and appeal. Opportunities exist in developing smart jewelry, expanding omnichannel presence, and tapping into niche segments such as gender-neutral designs and wellness-based adornments. Industry players are investing in market expansion strategies and strategic collaborations to enhance visibility and product range. Consumer engagement strategies now focus on authenticity, transparency, and brand storytelling, reflecting the market’s shift toward value-driven purchasing behavior. The competitive nature of the industry encourages continuous innovation in both design and retail strategies.

Jewelry Market Report Highlights

By product, the ring segment accounted for ~31% of the revenue share in 2024, due to strong demand for engagement and wedding rings.

Based on type, the gold segment accounted for ~60% of the revenue share in 2024, as strong cultural value, high investment appeal, and enduring demand for gold during weddings and festivals are key drivers.

The North America jewelry market is expected to record a significant CAGR of 8.4% due to increasing consumer interest in luxury accessories and personalized adornments.

In 2024, Asia Pacific accounted for the largest revenue share of ~58% due to strong cultural affinity toward precious metals and growing middle-class spending.

A few global key players include Buccellati, Cartier, Chow Tai Fook Jewellery Group Limited, LVMH Group, Malabar Gold & Diamonds, PANDORA JEWELRY LLC, SHR Jewelry Group LLC, Swarovski, Swatch Group AG, and Titan Company Limited.

Polaris Market Research has segmented the jewelry market on the basis of product, type, category, distribution channel, and region:

By Product Outlook (Revenue, USD Billion, 2020–2034)

Necklace

Ring

Earrings

Bracelet

Other Products

By Type Outlook (Revenue, USD Billion, 2020–2034)

Silver

Gold

Platinum

Diamond

Others

By Category Outlook (Revenue, USD Billion, 2020–2034)

Branded

Unbranded

By Distribution Channel Outlook (Revenue, USD Billion, 2020–2034)

Offline

Online

By Regional Outlook (Revenue, USD Billion, 2020–2034)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Vietnam

Australia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa

Table of Contents

129 Pages
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Chapter 2.Executive Summary
3. Chapter 3.Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Chapter 4.Jewelry Market Insights
4.1. Jewelry – Industry snapshot
4.2. Jewelry Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Consumer Preference for Personalization in the Jewelry Market
4.2.1.2. Rising Disposable Income
4.3. Restraints and Challenges
4.3.1. Fluctuating Raw Material Prices
4.4. Jewelry Market – Porter’s Five Forces
4.4.1. Bargaining Power of Suppliers (Moderate)
4.4.2. Threats of New Entrants (Low)
4.4.3. Bargaining Power of Buyers (Moderate)
4.4.4. Threat of Substitute (Moderate)
4.4.5. Rivalry among existing firms (High)
4.5. Jewelry Market – PEST Analysis
4.6. Jewelry Market – Industry Trends
5. Chapter 5.Jewelry Market Assessment by Product
5.1. Introduction
5.2. Necklace
5.3. Ring
5.4. Earrings
5.5. Bracelet
5.6. Other Products
6. Chapter 6.Jewelry Market Assessment by Type
6.1. Introduction
6.2. Silver
6.3. Gold
6.4. Platinum
6.5. Diamond
6.6. Other Types
7. Chapter 7.Jewelry Market Assessment by Category
7.1. Introduction
7.2. Branded
7.3. Unbranded
8. Chapter 8.Jewelry Market Assessment by Distribution Channel
8.1. Introduction
8.2. Offline
8.3. Online
9. Chapter 9.Jewelry Market Assessment by Region
9.1. Introduction
9.2. Jewelry Market – North America
9.2.1. Jewelry Market – U.S.
9.2.2. Jewelry Market – Canada
9.3. Jewelry Market – Europe
9.3.1. Jewelry Market – Germany
9.3.2. Jewelry Market – UK
9.3.3. Jewelry Market – France
9.3.4. Jewelry Market – Italy
9.3.5. Jewelry Market – Spain
9.3.6. Jewelry Market – Netherlands
9.3.7. Jewelry Market – Austria
9.3.8. Jewelry Market – Rest of Europe
9.4. Jewelry Market – Asia Pacific
9.4.1. Jewelry Market – China
9.4.2. Jewelry Market – India
9.4.3. Jewelry Market – Japan
9.4.4. Jewelry Market – South Korea
9.4.5. Jewelry Market – Rest of Asia Pacific
9.5. Jewelry Market – Latin America
9.5.1. Jewelry Market – Brazil
9.5.2. Jewelry Market – Mexico
9.5.3. Jewelry Market – Rest of Latin America
9.6. Jewelry Market – Middle East & Africa
9.6.1. Jewelry Market – Saudi Arabia
9.6.2. Jewelry Market – UAE
9.6.3. Jewelry Market – Rest of Middle East & Africa
10. Chapter 10.Competitive Landscape
10.1. Key Market Players: Categorization
10.2. Strategy Framework
10.3. Vendor Landscape
10.4. Strategies Categorization
10.4.1. Product Launch
10.4.2. Partnership/Collaboration
10.4.3. Expansions/Acquisition
11. Chapter 11.Company Profiles
11.1. Chow Tai Fook Jewellery Company Limited
11.1.1. Business Overview
11.1.2. Financial Snapshot
11.1.3. Products and Services
11.1.4. Recent Developments
11.2. LVMH Group
11.2.1. Business Overview
11.2.2. Financial Snapshot
11.2.3. Revenue by Market Segment
11.2.4. Revenue by Region
11.2.5. Products and Services
11.2.6. Recent Developments
11.3. Malabar Gold & Diamonds
11.3.1. Business Overview
11.3.2. Products and Services
11.3.3. Recent Developments
11.4. PANDORA JEWELRY LLC
11.4.1. Business Overview
11.4.2. Financial Snapshot
11.4.3. Products and Services
11.4.4. Recent Developments
11.5. Buccellati
11.5.1. Business Overview
11.5.2. Financial Snapshot
11.5.3. Products and Services
11.5.4. Recent Developments
11.6. Cartier
11.6.1. Business Overview
11.6.2. Financial Snapshot
11.6.3. Products and Services
11.7. SHR Jewelry Group LLC
11.7.1. Business Overview
11.7.2. Products and Services
11.7.3. Recent Developments
11.8. Swarovski
11.8.1. Business Overview
11.8.2. Products and Services
11.8.3. Recent Developments
11.9. Titan Company Limited
11.9.1. Business Overview
11.9.2. Financial Snapshot
11.9.3. Products and Services
11.9.4. Recent Developments
11.10. Swatch Group AG
11.10.1. Business Overview
11.10.2. Financial Snapshot
11.10.3. Net Sales by Market Segment
11.10.4. Net Sales by Region
11.10.5. Products and Services

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