Editor’s Note
This article highlights the steady growth trajectory of the global luxury jewelry market, projected to expand from $27.73 billion in 2025 to $40.30 billion by 2035. Key drivers include rising disposable incomes and a growing consumer preference for high-quality, artisanal, and personalized pieces.
The global luxury jewelry market was valued at $27.73 billion in 2025 and is projected to reach $28.79 billion in 2026, expanding further to $29.88 billion in 2027. During the forecast period from 2026 to 2035, the market is expected to grow steadily, reaching $40.30 billion in 2035, registering a CAGR of 3.81%. Market growth is supported by rising consumer disposable incomes and increasing demand for high-quality, handcrafted, and bespoke jewelry pieces. Furthermore, the growing trend of self-purchasing among younger consumers and the increased preference for personalized luxury accessories are reinforcing sustained demand in both established and emerging luxury markets worldwide.
In the United States, the luxury jewelry market holds approximately 36% of the global share, driven by affluent consumers, gift-giving occasions, and a well-established luxury retail ecosystem. Around 57% of US buyers now consider ethical sourcing and brand heritage when purchasing luxury jewelry. Additionally, 41% of sales occur through digital channels, including e-commerce and virtual showrooms, reflecting a shift in consumer behavior towards luxury experiences that prioritize digital. As 35% of US consumers value customization, bespoke luxury pieces are experiencing significantly higher demand than mass-market options.
Market Size:
Valued at $27.73 billion in 2025, projected to reach $28.79 billion in 2026 and $40.30 billion in 2035 at a CAGR of 3.81%.
Growth Drivers:
41% of millennials prefer ethically sourced jewelry; 36% of consumers prioritize brand heritage; 33% demand customization; 47% of purchases are influenced by digital campaigns; 38% value limited-edition exclusivity.
Trends:
39% of sales occur through online platforms; 28% of collections use recycled gold; 31% of buyers prefer gender-neutral designs; 33% of brands offer digital try-ons; 42% adopt blockchain for authentication.
Key Players:
Cartier, Tiffany & Co., Bvlgari, Van Cleef & Arpels, Chopard
Regional Outlook:
North America leads with a 36% share driven by digital innovation and gifting culture. Europe holds 28%, rooted in heritage brands. Asia-Pacific contributes 27% from bridal demand. Middle East & Africa represent 9% of gold-centric luxury spending.
Challenges:
29% of consumers cite concerns over high prices; 33% struggle to verify product authenticity; 24% lack access to customization options; 21% of brands struggle with supply chain traceability; 27% face online counterfeiting threats.
Industry Impact:
46% of luxury houses experienced increased online engagement; 31% improved sourcing transparency; 37% expanded eco-friendly collections; 28% launched co-branded collaborations; 43% of high-net-worth buyers opted for private bespoke commissions.
Recent Developments:
42% of new launches included lab-grown diamonds; 31% introduced AR try-on tools; 26% expanded gender-neutral lines; 35% implemented digital certificates; 29% debuted culturally themed capsule collections.
The luxury jewelry market is evolving with innovative practices such as blockchain-based product authentication, with nearly 33% of high-end brands offering tamper-proof digital certificates. Approximately 29% of customers now seek transparency in the jewelry supply chain, leading luxury players to disclose sourcing data. Lab-grown diamonds are entering the premium space and now represent 19% of total luxury diamond sales. Around 26% of brands use augmented reality to offer virtual try-ons, with higher adoption observed among urban female consumers. Furthermore, 31% of premium jewelry buyers engage with content-based marketing before making purchase decisions, reflecting an increased focus on story-based brand interactions.
The luxury jewelry market is undergoing several transformative trends driven by shifts in consumer values, sustainability concerns, and digital advancements. Ethical sourcing is becoming a key differentiator: 45% of luxury consumers choose brands that provide transparency in material sourcing. Additionally, recycled gold and conflict-free diamonds now constitute 28% of materials used by top-tier brands. Customization has gained popularity: 36% of buyers opt for personalized engravings and design collaborations.