Blueweave
Global Luxury Jewelry Market 1982

Global Luxury Jewelry Market, By Product (Necklace, Rings, Bracelets, Hair Ornaments, Earrings, Leg and Feet Ornaments, Others); By Material-Use (Gold, Diamond, Platinum, Gems, Others); By Distribution Channel (Mono-Brand Stores, Online Stores, Offline Stores); By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: May 2021
  • Report ID: BWC1982
  • Available Format: PDF
  • Page: 115

Report Overview

Global Luxury Jewelry Market- Industry Trends & Forecast Report 2027

The global luxury jewelry market was worth USD 35.2 billion in 2020 and is further projected to reach USD 51.4 billion by the year 2027, growing at the CAGR of 5.7% during the forecast period (2020-2027). The key factors associated with the market growth are the latest designs, and demand for high-quality jewelry, among the elite consumers. Integration of emerging technologies such as Computer-Aided Design in jewelry manufacturing is also driving the global luxury jewelry market forward. Furthermore, the growing trend of concentrating on visual appeal, the power of social media, and the rapid adoption of online internet browsing are all leading to market growth.

Source: BlueWeave Consulting

Global Luxury Jewelry Market - Overview

Luxury jewelry is well-known for its intricate designs and use of the most costly and rare raw materials. The luxury jewelry market is dynamic and fast-growing. It is also highly fragmented and primarily driven by consumer behavior and fashion trends. Significant market growth is expected in the coming years, owing to rising disposable income and increasing consumer expenditure on luxury goods. Also, the integration of the luxury jewelry industry with the entertainment and glamour industries has helped create new opportunities for the market.

Global Luxury Jewelry Market Forecast and Trends

Growth Drivers

Increasing Per Capita Income and Purchasing Power of Consumers

One of the major factors driving the growth of the luxury jewelry market is rising disposable income. When the population's disposable income grows, so does their buying power, resulting in increased demand and consumption for luxury jewelry. Furthermore, the customs surrounding precious metals are one of the primary factors driving the demand for luxury jewelry pieces. Because of numerous religious and cultural associations, India, for example, consumes a lot of gold and silver. It is worth mentioning that the growth in India’s luxury jewelry market is primarily driven by an increasing disposable income.

High Exposure to Global Fashion Trends

The global luxury jewelry market is expected to grow as a result of increased globalization and the high consumption of digital media. The media is one of the primary factors that influence fashion trends at any given time. Digital media has also made it possible for consumers to know about various fashion trends all around the world, thereby, propelling the growth of the global luxury jewelry market. For instance, street fashion from East-Asian countries has witnessed a sudden boom in recent years and is gaining quite a popularity in other parts of the world. Such factors are projected to fuel the market growth during the forecast period as well.

Restraints

Strict Regulations Surrounding Trading of Luxury Jewelry

In several countries, imports and exports of precious metals and jewelry are subject to high tariffs and indirect taxes, which add up to the overall cost of the final products. This may impede the growth of the overall market, as many potential customers are beginning to reconsider their decision of purchasing luxury goods. Furthermore, the precious metals used for making luxury jewelry is unevenly distributed around the world. Also, the smooth flow of luxury goods is hampered by political tensions between countries, which may impede the growth of the global luxury jewelry market.

Impact of COVID-19

The global luxury jewelry market was completely halted in the wake of the COVID-19-induced pandemic. Since luxury jewelry is mostly made of precious metals such as gold, diamonds, platinum, and so on, which comes from mining, the entire market was placed on hold as all mining operations were temporarily banned, following the nationwide lockdown enforced by governments around the world to combat the spread of the virus. Furthermore, the priorities of consumers swiftly shifted from buying luxury items to consumer goods, which subsequently declined the demand for luxury jewelry pieces. Furthermore, the prevalent demand could not be met because all distribution networks were completely shut down, impeding the imports and exports of goods.

Global Luxury Jewelry Market - By Product

Based on product, the global luxury jewelry market is segmented into necklaces, rings, bracelets, hair ornaments, earrings, leg and feet ornaments, and others. The earring segment is expected to be the fastest-growing segment in the overall luxury jewelry market during the forecast period. Differently patterned earrings are a quick and easy way for women to dress up and match their outfit style, creating a huge demand for different-sized earnings among females. Furthermore, the growing trend of ear piercing and multiple ear piercing is also driving the growth of this segment.

Global Luxury Jewelry Market - By Material-Used

Based on material used, the global luxury jewelry market is segmented into gold, silver, diamond, platinum, gems & others. Among these, the gold segment is expected to have the largest share in the overall market during the forecast period. Also, the diamond jewelry segment is expected to be the fastest-growing segment. Jewelry, especially gold jewelry, serves as a form of investment in developing countries such as India. It also serves a devotional purpose and is used to represent various cultures.

Global Luxury Jewelry Market - By Distribution

Based on the distribution channel, the global luxury jewelry market is segmented into mono-brand stores, online stores, and offline stores. The mono-brand stores enjoy the high demand for the sale of luxury jewelry. This is because people are inclined towards cross-checking the products they are buying. However, with the growth of e-commerce platforms and the maintenance of high customer satisfaction, the online store segment is rising at a very high rate and is expected to dominate the market during the forecast period.

Regional Insight

Geographically, the global luxury jewelry market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa. Europe accounted for the largest market share in the market, followed by North America. These regions consist of developed nations with high per capita income of the population as well as the presence of major luxury brands, which fuels the market growth. Furthermore, the high female labor-force participation rate in these countries is an important factor that is contributing to the growth of the market. Also, the Asia-Pacific region is predicted to have a high CAGR during the forecast period.

Competitive Landscape

The leading market players in the global luxury jewelry market are Buccellati Holding Italia SPA. Chopard International SA, Mikimoto & Co., Ltd., Bulgari S.P.A., Graff Diamond Corporation, Compagnie Financiere Richemont S.A., Tiffany & Co., Societe Cartier, Harry Winston, Inc., Guccio Gucci S.P.A., Chanel, LVMH Moet Hennessy, Signet Jewelers, Cartier International SNC, Rajesh Exports Ltd. and other prominent players. The market is highly dense and consolidated with the presence of luxury brands like Chanel, Gucci, etc. Moreover, several luxury jewelry manufacturers are pursuing organic and inorganic strategic initiatives in order to maintain their market share. Mergers, acquisitions, geographic growth, and new product releases are some of the core tactics employed by market leaders.

Recent Developments

  • In May 2021, Futura Jewelry, a US-based leading luxury jewelry brand launched the first mercury-free gold jewelry collection. Understanding the environmental consequences of gold mining, the product launch is aimed at reducing the threat of mercury emissions on the earth.
  • In May 2021, Tiffany & Co., a US-based leading jewelry brand announced its plan of releasing its first men’s engagement rings. The purpose is to expand their consumer base and tap the emerging market due to the increasing same-sex marriages and gender-fluid fashion trends.

 

Scope of the Report

Attributes Details
Years Considered Historical data – 2017-2020
Base Year – 2020
Forecast – 2021 – 2027
Facts Covered Revenue in USD Million
Market Coverage North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa
Product Service/Segmentation By Product, By Material-Use, By Distribution Channel, By Region
Key Players Buccellati Holding Italia SPA, Chopard International SA, Mikimoto & Co., Ltd., Bulgari S.P.A., Graff Diamond Corporation, Compagnie Financiere Richemont S.A., Tiffany & Co., Societe Cartier, Harry Winston, Inc., Guccio Gucci S.P.A., Chanel, LVMH Moet Hennessy, Signet Jewelers, Cartier International SNC, Rajesh Exports Ltd., Pandora Jewelry, LLC., Van Cleef Arpels, Messika, Damiani, and other prominent players.

 

By Product

  • Necklace
  • Rings
  • Bracelets
  • Hair Ornaments
  • Earrings
  • Leg and Feet Ornaments
  • Others

By Material-Use

  • Gold
  • Diamond
  • Platinum
  • Gems
  • Others

By Distribution Channel

  • Mono-Brand Stores
  • Online Stores
  • Offline Stores

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)

1. Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary and Secondary Sources

2.2. Quantitative Research

2.2.1.   Primary and Secondary Sources

2.3. Breakdown of Primary Research Respondents

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents, By Industry Participants

2.5. Key Questionnaire asked during Primary Interviews

2.6. Key Primary Responses

2.7. Market Size Estimation

2.8. Assumption for the Study

2.9. Market Breakdown & Data Triangulation

3.    Executive Summary

4.    Global Luxury Jewelry Market – Industry Insights

4.1. DROC Analysis

4.1.1.   Growth Drivers

4.1.2.   Restraints

4.1.3.   Opportunity

4.1.4.   Challenges

4.2. Recent Developments / Technical Landscape

4.3. Regulatory Framework

4.4. Porter’s Five Forces Analysis

4.5. Value Chain Analysis

4.6. Strategic Outlook

5.    Global Luxury Jewelry Market Overview

5.1. Market Estimates & Forecast by Value, 2017-2027

5.1.1.   By Value (USD Million)

5.2. Market Share & Forecast

5.2.1.   By Product

5.2.1.1. Necklace

5.2.1.2. Rings

5.2.1.3. Bracelets

5.2.1.4. Hair Ornaments

5.2.1.5. Earrings

5.2.1.6. Leg and Feet Ornaments

5.2.1.7. Others

5.2.2.   By Material-Use

5.2.2.1. Gold

5.2.2.2. Diamond

5.2.2.3. Platinum

5.2.2.4. Gems

5.2.2.5. Others

5.2.3.   By Distribution Channel

5.2.3.1. Mono-Brand Stores

5.2.3.2. Online Stores

5.2.3.3. Offline Stores

5.2.4.   By Region

5.2.4.1. North America

5.2.4.2. Europe

5.2.4.3. Asia-Pacific (APAC)

5.2.4.4. Latin America (LATAM)

5.2.4.5. Middle-East & Africa (MEA)

6.    North America Luxury Jewelry Market Overview

6.1. Market Size and Forecast

6.1.1.   By Value (USD Million), 2017-2027

6.2. Market Share and Forecast

6.2.1.   By Product

6.2.2.   By Material-Use

6.2.3.   By Distribution Channel

6.2.4.   By Country

6.2.4.1. U.S.

6.2.4.2. Canada

7.    Europe Luxury Jewelry Market Overview

7.1.     Market Size and Forecast

7.1.1.   By Value (USD Million), 2017-2027

7.2.     Market Share and Forecast

7.2.1.   By Product

7.2.2.   By Material-Use

7.2.3.   By Distribution Channel

7.2.4.   By Country

7.2.4.1.   Germany

7.2.4.2.   U.K.

7.2.4.3.   France

7.2.4.4.   Italy

7.2.4.5.   Spain

7.2.4.6.   Russia

7.2.4.7.   Netherlands

7.2.4.8.   Rest of Europe

8.    APAC Luxury Jewelry Market Overview

8.1.     Market Size and Forecast

8.1.1.   By Value (USD Million), 2017-2027

8.2.     Market Share and Forecast

8.2.1.   By Product

8.2.2.   By Material-Use

8.2.3.   By Distribution Channel

8.2.4.   By Country

8.2.4.1.   China

8.2.4.2.   India

8.2.4.3.   Japan

8.2.4.4.   South Korea

8.2.4.5.   Singapore

8.2.4.6.   Rest of APAC

9.    LATAM Luxury Jewelry Market Overview

9.1.     Market Size and Forecast

9.1.1.   By Value (USD Million), 2017-2027

9.2.     Market Share and Forecast

9.2.1.   By Product

9.2.2.   By Material-Use

9.2.3.   By Distribution Channel

9.2.4.   By Country

9.2.4.1.   Mexico

9.2.4.2.   Brazil

9.2.4.3.   Rest of LATAM

10.MEA Luxury Jewelry Market Overview

10.1.   Market Size and Forecast

10.1.1.                By Value (USD Million), 2017-2027

10.2.   Market Share and Forecast

10.2.1.                By Product

10.2.2.                By Material-Use

10.2.3.                By Distribution Channel

10.2.4.                By Country

10.2.4.1.              Saudi Arabia

10.2.4.2.              UAE

10.2.4.3.              South Africa

10.2.4.4.              Turkey

10.2.4.5.              Rest of Europe

11.Competitive Landscape

11.1.1.                List of Key Players and Their Offerings

11.1.2.                Market Share / Ranking Analysis (2020)

11.1.3.                Competitive Benchmarking, By Operating Parameters

12.COVID-19 Impact

12.1.             Future Impact

12.2.             Key Developments during COVID-19

12.3.             Impact on Market

12.3.1.                Different Scenario

12.3.2.                Impact on Companies

12.4.             Regional Impact

13.Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *

13.1.             Buccellati Holding Italia SPA

13.2.             Chopard International SA

13.3.             Mikimoto & Co., Ltd.

13.4.             Bulgari S.P.A.

13.5.             Graff Diamond Corporation

13.6.             Compagnie Financiere Richemont S.A.

13.7.             Tiffany & Co.

13.8.             Societe Cartier

13.9.             Harry Winston, Inc.

13.10.          Guccio Gucci S.P.A.

13.11.          Chanel

13.12.          LVMH Moet Hennessy

13.13.          Signet Jewelers

13.14.          Cartier International SNC

13.15.          Rajesh Exports Ltd.

13.16.          Pandora Jewelry, LLC.

13.17.          Van Cleef Arpels

13.18.          Messika

13.19.          Damiani

13.20.          Other Prominent Players

14.Key Strategic Recommendations

 

* Financial information of non-listed Companies will be provided as per availability

 

**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.

 

 

List of Figures

 

Fig: Global Luxury Jewelry Segmentation

 

Fig: Global Luxury Jewelry Market Value Chain Analysis,

 

Fig: Company Market Share Analysis, 2020

 

Fig: Global Luxury Jewelry Market Size, By Value (USD Million), 2017-2027

 

Fig: Global Luxury Jewelry Market Share (%), By Product, By Value, 2017-2027

 

Fig: Global Luxury Jewelry Market Share (%), By Material-Use, By Value, 2017-2027

 

Fig: Global Luxury Jewelry Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Fig: Global Luxury Jewelry Market Share (%), By Country, By Value, 2017-2027

 

Fig: North America Luxury Jewelry Market Size, By Value (USD Million), 2017-2027

 

Fig: North America Luxury Jewelry Market Share (%), By Product, By Value, 2017-2027

 

Fig: North America Luxury Jewelry Market Share (%), By Material-Use, By Value, 2017-2027

 

Fig: North America Luxury Jewelry Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Fig: North America Luxury Jewelry Market Share (%), By Country, By Value, 2017-2027

 

Fig: Europe Luxury Jewelry Market Size, By Value (USD Million), 2017-2027

 

Fig: Europe Luxury Jewelry Market Share (%), By Product, By Value, 2017-2027

 

Fig: Europe Luxury Jewelry Market Share (%), By Material-Use, By Value, 2017-2027

 

Fig: Europe Luxury Jewelry Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Fig: Europe Luxury Jewelry Market Share (%), By Country, By Value, 2017-2027

 

Fig: the Asia-Pacific Luxury Jewelry Market Size, By Value (USD Million), 2017-2027

 

Fig: the Asia-Pacific Luxury Jewelry Market Share (%), By Product, By Value, 2017-2027

 

Fig: the Asia-Pacific Luxury Jewelry Market Share (%), By Material-Use, By Value, 2017-2027

 

Fig: the Asia-Pacific Luxury Jewelry Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Fig: Asia-Pacific Luxury Jewelry Market Share (%), By Country, By Value, 2017-2027

 

Fig: Latin America Luxury Jewelry Market Size, By Value (USD Million), 2017-2027

 

Fig: Latin America Luxury Jewelry Market Share (%), By Product, By Value, 2017-2027

 

Fig: Latin America Luxury Jewelry Market Share (%), By Material-Use, By Value, 2017-2027

 

Fig: Latin America Luxury Jewelry Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Fig: Latin America Luxury Jewelry Market Share (%), By Country, By Value, 2017-2027

 

Fig: Middle East & Africa Luxury Jewelry Market Size, By Value (USD Million), 2017-2027

 

Fig: Middle East & Africa Luxury Jewelry Market Share (%), By Product, By Value, 2017-2027

 

Fig: Middle East & Africa Luxury Jewelry Market Share (%), By Material-Use, By Value, 2017-2027

 

Fig: Middle East & Africa Luxury Jewelry Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Fig: Middle East & Africa Luxury Jewelry Market Share (%), By Region, By Value, 2017-2027

 

 

 

 

List of Tables

 

Table: Global Luxury Jewelry Market Size, By Product, By Value, 2017-2027

 

Table: Global Luxury Jewelry Market Size, By Material-Use, By Value (USD Million), 2017-2027

 

Table: Global Luxury Jewelry Market Size, By Distribution Channel, By Value (USD Million), 2017-2027

 

Table: Global Luxury Jewelry Market Size, By Region, By Value (USD Million), 2017-2027

 

Table: North America Luxury Jewelry Market Size, By Product, By Value (USD Million), 2017-2027

 

Table: North America Luxury Jewelry Market Size, By Material-Use, By Value (USD Million), 2017-2027

 

Table: North America Luxury Jewelry Market Size, By Distribution Channel, By Value (USD Million), 2017-2027

 

Table: North America Luxury Jewelry Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: Europe Luxury Jewelry Market Size, By Product, By Value (USD Million), 2017-2027

 

Table: Europe Luxury Jewelry Market Size, By Material-Use, By Value (USD Million), 2017-2027

 

Table: Europe Luxury Jewelry Market Size, By Distribution Channel, By Value (USD Million), 2017-2027

 

Table: Europe Luxury Jewelry Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Luxury Jewelry Market Size, By Product, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Luxury Jewelry Market Size, By Material-Use, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Luxury Jewelry Market Size, By Distribution Channel, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Luxury Jewelry Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: Latin America Luxury Jewelry Market Size, By Product, By Value (USD Million), 2017-2027

 

Table: Latin America Luxury Jewelry Market Size, By Material-Use, By Value (USD Million), 2017-2027

 

Table: Latin America Luxury Jewelry Market Size, By Distribution Channel, By Value (USD Million), 2017-2027

 

Table: Latin America Luxury Jewelry Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Luxury Jewelry Market Size, By Product, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Luxury Jewelry Market Size, By Material-Use, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Luxury Jewelry Market Size, By Distribution Channel, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Luxury Jewelry Market Size, By Country, By Value (USD Million), 2017-2027

 

Table: Buccellati Holding Italia SPA Financial Analysis

Table: Buccellati Holding Italia SPA Business Overview

Table: Chopard International SA Financial Analysis

Table: Chopard International SA Business Overview

Table: Mikimoto & Co., Ltd. Financial Analysis

Table: Mikimoto & Co., Ltd. Business Overview

Table: Bulgari S.P.A. Financial Analysis

Table: Bulgari S.P.A. Business Overview

Table: Graff Diamond Corporation Financial Analysis

Table: Graff Diamond Corporation Business Overview

Table: Compagnie Financiere Richemont S.A. Healthcare Financial Analysis

Table: Compagnie Financiere Richemont S.A. Healthcare Business Overview

Table: Tiffany & Co. Financial Analysis

Table: Tiffany & Co. Business Overview

Table: Societe Cartier Financial Analysis

Table: Societe Cartier Business Overview

Table: Harry Winston, Inc. Financial Analysis

Table: Harry Winston, Inc. Business Overview

Table: Guccio Gucci S.P.A. Financial Analysis

Table: Guccio Gucci S.P.A. Business Overview

Table: Chanel Financial Analysis

Table: Chanel Financial Analysis

Table: LVMH Moet Hennessy Financial Analysis

Table: LVMH Moet Hennessy Business Overview

Table: Signet Jewelers Financial Analysis

Table: Signet Jewelers Business Overview

Table: Cartier International SNC Financial Analysis

Table: Cartier International SNC Business Overview

Table: Rajesh Exports Ltd. Financial Analysis

Table: Rajesh Exports Ltd. Business Overview

Table: Pandora Jewelry, LLC. Financial Analysis

Table: Pandora Jewelry, LLC. Business Overview

Table: Van Cleef Arpels Financial Analysis

Table: Van Cleef Arpels Business Overview

Table: Messika Financial Analysis

Table: Messika Business Overview

Table: Damiani Financial Analysis

 

Table: Damiani Business Overview

Market Segmentation

By Product

  • Necklace
  • Rings
  • Bracelets
  • Hair Ornaments
  • Earrings
  • Leg and Feet Ornaments
  • Others

By Material-Use

  • Gold
  • Diamond
  • Platinum
  • Gems
  • Others

By Distribution Channel

  • Mono-Brand Stores
  • Online Stores
  • Offline Stores

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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Frequently Asked Questions (FAQs):

Ans: The global luxury jewelry market reached USD 35.2 billion in 2020.
Ans: The major factors driving the growth of the market are; increasing per capita income and purchasing power of consumers and high exposure to global fashion trends.
Ans: The key players in the global luxury jewelry market are: Buccellati Holding Italia SPA, Chopard International SA, Mikimoto & Co., Ltd., Bulgari S.P.A., Graff Diamond Corporation, Compagnie Financiere Richemont S.A., Tiffany & Co., Societe Cartier, Harry Winston, Inc., Guccio Gucci S.P.A., Chanel, LVMH Moet Hennessy, Signet Jewelers, Cartier International SNC, Rajesh Exports Ltd., Pandora Jewelry, LLC., Van Cleef Arpels, Messika, Damiani, and other prominent players.
Ans: The gold segment accounted for the largest share in the global luxury jewelry market.
Ans: Europe has the highest growth rate in the global luxury jewelry market.