SkyQuest Technology Group recently introduced Luxury Jewelry Market study with in-depth overview, describing about the Product/Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. The Luxury Jewelry Market has witnessed Excellent growth over the past decade and is expected to maintain its upward trajectory.
Luxury Jewelry Market size was valued at USD 61.2 billion in 2023 and is poised to grow from USD 65.97 billion in 2024 to USD 120.32 billion by 2032, growing at a CAGR of 7.8% during the forecast period (2025-2032).
Jewelry made with precious metals or stones is referred to as luxury jewelry. Jewelry design, mold-making, polishing, casting, and plating of metals like gold, silver, or platinum are all part of the manufacturing process. Rings, bracelets, earrings, cufflinks, tie clips, watches, necklaces, and hair accessories are examples of luxury jewelry and timepieces.
Get a Free Sample PDF of the Report – https://www.skyquestt.com/sample-request/luxury-jewelry-market
Increased modernization, westernization, and personal disposable income are the main drivers of the luxury jewelry market’s expansion. Other indirect factors driving the growth of the luxury jewelry market include an increase in consumer preference for opulent goods, the advancement of the jewelry industry, and the rise of new fashion jewelry. The preference of consumers for branded jewelry is growing, which has further encouraged manufacturers to promote the widespread availability of various types of luxury jewelry in the market. Long-term market expansion opportunities for luxury jewelry will also be lucrative and rewarding owing to the increase in television marketing and the expanding use of ornaments in ceremonies. Additionally, a sharp rise in consumer belief in astrology will pave the way for the expansion of the luxury apparel market.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2032, Y-o-Y growth rate, and CAGR):
The Luxury Jewelry Market can be segmented based on several factors, including product type, application, end-user, and distribution channel.
Type
Necklaces, Ring, Earrings, Bracelets, Others
Raw Material
Gold, Platinum, Diamond, Precious Pearls, Gemstones, Others
Distribution Channel
Offline, Online
End Use
Women, Men, Children
Luxury Jewelry Market Regional Insights:
More than one-third of the global market was held by the market in the Asia-Pacific region in 2021, and it is anticipated that this region will continue to lead the market throughout the forecast period. This is explained by the expectation that consumers will continue to be concerned with their appearance as a result of the influence of beauty shows, TV shows, and magazines in various Asia-Pacific nations. The market is expanding as a result of widespread acceptance of luxury jewelry as well as increased awareness of affordable jewelry designs, a preference for western culture, and the expansion of the luxury jewelry segment in tier 2 cities.
Top Market Players in Luxury Jewelry Market are:
Tiffany & Co. (United States)
Graff (United Kingdom)
Mikimoto (Japan)
Chopard (Switzerland)
Harry Winston (United States)
Van Cleef & Arpels (France)
Boucheron (France)
Piaget (Switzerland)
David Yurman (United States)
Buccellati (Italy)
Mouawad (Lebanon)
Mauboussin (France)
De Grisogono (Switzerland)
Repossi (Italy)
Cartier (France)
Bulgari (Italy)
Chaumet (France)
Messika (France)
Damiani (Italy)
Swarovski (Austria)
Luxury Jewelry Key Market Trends:
Throughout the forecast period, there may be room for luxury jewelry market growth due to rising demand for men’s jewelry. Traditionally, women are more likely than men to buy expensive jewelry. Due to men’s growing emphasis on aesthetic appeal and self-grooming, this trend is, however, changing. In addition, men are adopting the newest fashion trends at a high rate thanks to the growing influence of social media. Such elements are influencing the rise in demand for men’s luxury jewelry items like necklaces, bracelets, and rings. As a result, producers are concentrating on these goods to gain a competitive edge.
Also Read –
https://www.slideshare.net/slideshow/water-and-wastewater-treatment-market-trends-growth-opportunities-and-future-outlook/274106658
http://prsync.com/skyquest-technology-consulting-pvt-ltd/mice-market-booms-with-rising-business-travel-and-event-innovation-4715268/
Forward-Looking Insights
The Luxury Jewelry Market is set to experience sustained growth, fueled by technological advancements, broader global market access, and rising industry demand. With the industry addressing emerging challenges and capitalizing on new opportunities, it is expected to drive innovation and play a pivotal role in advancing global health and economic progress.
About Company:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact Details:
SkyQuest Technology Group
USA (+1) 351-333-4748
Email: sales@skyquestt.com
