Editor’s Note
This article highlights the robust growth projected for the global fashion jewelry market, which is expected to nearly double in value by 2031. The data underscores a significant consumer trend toward accessible, style-driven accessories.
The global fashion jewelry market size was estimated at USD 40.98 billion in 2022. It is projected to reach USD 79.22 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.6% during the forecast period (2023–2031).
Fashion jewelry is made from more affordable materials than expensive ones like diamonds, gold, platinum, and other materials such as stones and pearls. Fashion jewelry is also referred to as imitation, junk, costume, fake, and fashion jewelry. It is available in various designs, including bracelets, finger rings, earrings, and necklaces, giving customers many options for desired items. Customized jewelry consists of fashion pieces worn as an accessory to clothing.
Fashion jewelry is made from various raw materials, including metals, glass, beads, plastic, synthetic stones, ivory, and semi-precious stones. Pins, findings, and manufactured metal are other raw materials for producing fashion jewelry. Beads and semi-precious metals like silver, brass, and aluminum are also used in making fashion jewelry. Fashion jewelry is popular among women, office workers, and youth.
• Necklaces and chains dominate the product type segment.
• Female dominates the gender segment.
• Retail sales dominate the sales type segment.
• North America is the largest shareholder in the global market.
| Report Metric | Details |
| :— | :— |
| Base Year | 2022 |
| Study Period | 2021-2031 |
| Forecast Period | 2026-2034 |
| CAGR | 7.6% |
| Market Size 2022 | USD 40.98 Billion |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape, and Trends |
| Regions Covered | North America, Europe, APAC, Middle East & Africa, LATAM |
Changes in Jewelry Style and Attractive Marketing Strategies
Manufacturers are revising their marketing and branding plans for their goods to boost sales in various countries. Producing companies have employed creative techniques to boost the sale of fashion jewelry, including launching new products with natural-looking semi-precious stones, bold jewelry designs, and brilliant stones engraved in beautifully packaged chains. Since fashion jewelry is convenient, cost-effective, and easy to use while traveling or at social gatherings, customers, especially women, opt for it as it becomes an increasingly important part of personal style. Using copper and brass as primary materials to manufacture these products, which have no harmful effects on the skin, is a common tactic by manufacturers to attract more customers. This has helped further increase the revenue of companies operating in this industry. Overall, all strategies pursued by manufacturers are driving the growth of the global fashion jewelry market.
Increase in the Number of Fashion-Conscious Consumers
People’s increasing awareness of external beauty has promoted the acceptance of fashion jewelry in the market. A rise in fashion consciousness is observed among younger women. Rapidly changing fashion trends in different regions increase customers’ need for affordable and stylish jewelry. Furthermore, fashion jewelry like rings, bracelets, and chains has become more in demand among both men and women. Necklaces engraved with semi-precious stones are highly in demand among women aged between 45 and 65. Moreover, the trend of wearing costumes and artificial jewelry among people of different age groups promotes the growth of the global fashion jewelry market.
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