Editor’s Note
This analysis highlights the jewelry market’s projected growth to over $840 billion by 2034, driven by evolving consumer trends toward personalization and the influence of digital platforms.
The jewelry market industry is expected to expand from USD 379.6 billion in 2025 to USD 843.75 billion in 2034, achieving a compound annual growth rate (CAGR) of 4.8%.
The jewelry industry is dynamic and constantly evolving. Due to new trends and changing consumer preferences, jewelry companies need to stay ahead of the curve. In recent years, the market has shifted towards more personalized and unique products as a result of the rise of social media, influencers, and online shopping.
One of the major trends in the jewelry industry is the growing demand for jewelry made from ethical and environmentally friendly materials. As consumers become more aware of the social and environmental impact of their purchases, their interest in eco-friendly jewelry manufacturers grows. Additionally, delicate and minimalist jewelry designs have become more popular, as people prefer subtle elegance over flashy and bold pieces.
In the coming year, the jewelry industry presents various growth opportunities for businesses. Customization services remain in high demand, as consumers seek to create distinctive products that reflect their personal style. Furthermore, the rise of influencer marketing offers businesses a unique opportunity to increase their visibility and audience reach.
Despite positive growth projections, the jewelry industry faces challenges. There is fierce competition, as both established companies and startups vie for customer attention. Economic concerns and fluctuations in raw material prices can also affect the profitability of jewelry businesses.
The latest market intelligence study from Insights Consultancy, “Global Jewelry Market 2025, Growth Opportunities and Forecast,” offers a comprehensive analysis of the industry. The report includes demand analysis, sector outlook, competitive intelligence, and a customer database. It also provides strategic insights on future trends, growth determinants, supplier landscape, demand landscape, CAGR, and price analysis. The study also includes Porter’s Five Forces analysis, PESTLE analysis, value chain analysis, 4P analysis, market attractiveness analysis, business benefits (BPS) analysis, and ecosystem analysis.
Key companies included in this report are:
Tiffany & Co, Pandora, Chow Tai Fook, Louis Vuitton, Richemont, GRAFF, Signet Jewelers Limited, Popa, Malabar Gold & Diamonds, Swarovski AG.
March 28, 2025
May 16, 2025
Segment by Product: Necklaces, Rings, Earrings, Bracelets, Others.
Segment by Material: Platinum, Gold, Diamond, Others.
Segment by Distribution Channel: Offline Retail Stores, Online Retail Stores.
Segment by End User: Men, Women, Children.
The report provides detailed qualitative and quantitative data on the jewelry market for all regions and countries listed below:
North America (Includes USA, Canada, Mexico)
USA and Canada control the majority of the jewelry market in North America. Due to the substantial consumer base and high disposable income in the USA, there is significant demand for luxury and designer jewelry. On the other hand, the Canadian market for eco-friendly and sustainable jewelry is growing. Overall, North America continues to be a successful region for both traditional and contemporary jewelry brands.
Europe (Includes Germany, France, Italy, UK, Scandinavia, Benelux, Russia, Rest of Europe)
Europe is home to some of the world’s most recognized jewelry brands, such as Cartier, Tiffany & Co., and Bulgari. The jewelry industry in countries like France, Italy, and the UK has long been known for producing beautiful designs and excellent craftsmanship. Europe’s emphasis on innovation and tradition keeps it at the forefront of the global jewelry industry.
Asia-Pacific (Includes Japan, South Korea, India, China, Southeast Asia, Australia)
South America (Includes Brazil, Argentina, Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Each country is studied in detail, and the study includes a qualitative and quantitative analysis of the jewelry market in that country.
