Luxury Jewellery market Size & Share Trends, 2034

Luxury Jewellery Market Overview

Global Luxury Jewellery market size is projected at USD 27724.4 million in 2025 and is expected to hit USD 38813.8 million by 2034 with a CAGR of 3.81%.

The global Luxury Jewellery Market continues to demonstrate strong expansion, driven by rising consumer demand for premium materials, personalized products, and high-end craftsmanship across more than 50 major countries. The rising number of high-net-worth individuals (HNWIs), which increased to more than 22 million globally in 2023, has significantly contributed to market growth, as nearly 68% of these individuals purchase luxury jewellery at least once annually. Additionally, more than 74% of luxury consumers between the ages of 25 and 45 prefer branded luxury jewellery over unbranded alternatives, enhancing brand-driven market share.

Across regions such as North America, Europe, and Asia-Pacific, more than 45% of total luxury accessories spending is attributed to luxury jewellery alone, indicating strong consumer preference. Luxury Jewellery Market Report content shows that more than 59% of consumers prioritize gemstone authenticity, while 41% prioritize brand reputation when making purchase decisions. Furthermore, more than 35% of high-value jewellery sales now occur during festive seasons and wedding seasons, with India alone accounting for more than 6 million annual luxury jewellery wedding purchases.

Digital transformation is expanding international visibility, with more than 38% of luxury jewellery sales now influenced by online discovery, despite only 21% occurring directly through e-commerce channels. Luxury Jewellery Market Analysis indicates that sustainability plays a crucial role, with more than 54% of millennials preferring ethically sourced diamonds, recycled gold, or lab-grown gemstones. The demand for vintage, heritage, and limited-edition designs has increased by 27% in the last three years, demonstrating consumers’ value for uniqueness and rarity. Meanwhile, more than 48% of luxury jewellery brands have expanded into bespoke jewellery services, offering customization options involving diamond clarity, gemstone color, and metal purity.

The United States represents one of the strongest markets in the global Luxury Jewellery Market, accounting for nearly 32% of global luxury jewellery consumption. Over 18 million American consumers purchase luxury jewellery annually, and more than 54% of total national luxury spending includes jewellery as a primary category. Luxury Jewellery Market Research Report insights show that more than 72% of American luxury buyers prioritize diamonds, with engagement rings alone representing 29% of total luxury jewellery purchases across the country. Moreover, more than 61% of consumers aged 30–55 prefer branded jewellery over independent designers, influencing market share distribution among leading luxury brands.

Online luxury jewellery sales in the U.S. have increased by more than 35% in the past five years, supported by digital discovery trends where over 68% of buyers research products online before purchase. Luxury Jewellery Market Trends in the U.S. indicate that white gold and platinum account for 58% of metal preferences, while ethically sourced gemstones show a 44% adoption rate among younger buyers aged 25–35. High-net-worth individuals in the U.S. have grown by 7% annually, supporting expanded premium jewellery demand.

Additionally, more than 23% of luxury jewellery sales come from New York, California, and Florida, representing the most affluent regional clusters. The Luxury Jewellery Market Forecast for the U.S. shows continuing growth due to expanding gifting culture and rising investments in luxury accessories such as diamonds, sapphires, and emeralds.

Key Findings

Key Market Driver: More than 58% demand growth driven by rising high-net-worth individuals, 41% preference for diamonds, 37% increase in premium gifting, and 29% rise in ethically sourced luxury jewellery purchases globally.
Major Market Restraint: High material costs increasing by 22%, limited gemstone availability falling by 14%, 27% counterfeit product concerns, and 19% regulatory challenges impacting global luxury jewellery distribution.
Emerging Trends: Lab-grown diamond demand rising 31%, vintage jewellery interest increasing 26%, sustainability-driven purchases at 54%, and digital discovery influencing 43% of global luxury jewellery buying decisions.
Regional Leadership: Asia-Pacific holds 42% share, North America 32% share, Europe 21% share, with Middle East buyers increasing by 18%, driving significant regional dominance in premium jewellery consumption.
Competitive Landscape: Top brands hold combined 67% share, with leading companies increasing marketing expenditure by 24%, expanding e-commerce presence by 31%, and introducing 22% more limited-edition collections yearly.
Market Segmentation: Gold accounts for 48%, diamonds 36%, gemstones 16%, while online channels contribute 21% and offline 79%, creating strong segmentation by type and purchasing preference.
Recent Development: Brands increased sustainable sourcing by 33%, launched 17% more bespoke designs, expanded digital presence by 28%, introduced AI-driven customization at 19% adoption, and enhanced gemstone certification by 22%.

Luxury Jewellery Market Latest Trends

The Luxury Jewellery Market is witnessing transformative trends driven by changing consumer behavior, rising digitalization, and increasing interest in sustainability. More than 54% of millennial and Gen Z consumers now prioritize ethical sourcing, pushing brands to adopt traceable gold, conflict-free diamonds, and recycled metals. Demand for lab-grown diamonds has risen by over 31% globally, and more than 28% of new jewellery collections launched between 2023 and 2025 incorporate lab-grown alternatives. Luxury Jewellery Market Trends further show that vintage and heritage jewellery demand has surged by 26%, particularly among collectors who value pieces with historical significance. Personalization remains a key trend, with over 48% of luxury buyers opting for custom-designed rings, necklaces, or bracelets.

Digital shopping behavior also plays a major role, with 43% of luxury purchases being influenced by social media engagement, influencer collaborations, and virtual try-on technology. More than 59% of brands now integrate augmented reality (AR) into online platforms to enhance customer experience. The Luxury Jewellery Market Analysis highlights that limited-edition collections saw a 22% increase in launches over the last two years. Furthermore, cultural jewellery demand has grown by 19%, particularly in Asia-Pacific and Middle Eastern markets where consumers prioritize heritage designs. Sustainability, craftsmanship, exclusivity, and digital engagement collectively shape the Luxury Jewellery Market Outlook through 2025 and beyond.

Luxury Jewellery Market Dynamics

DRIVER

Rising demand for high-end gemstones and premium craftsmanship

Growing demand for high-quality gemstones and meticulously handcrafted jewellery remains the primary driver of the Luxury Jewellery Market Growth. More than 63% of luxury consumers value premium craftsmanship as their top purchase consideration, while demand for high-clarity diamonds and rare gemstones such as emeralds and sapphires has increased by more than 34% in the last three years. Luxury Jewellery Market Insights reveal that 57% of consumers purchase luxury jewellery as an investment asset due to its long-term value appreciation. Additionally, more than 52% of HNWIs globally increased their luxury jewellery spending in 2024, driven by rising wealth accumulation and growing appreciation for artistry. Demand for heirloom-quality jewellery has risen by 29%, as consumers seek pieces that offer generational value. Luxury Jewellery Market Trends show that limited-edition designs and bespoke craftsmanship have increased in production by 22%, influencing competitive differentiation. Moreover, more than 41% of consumers upgrade jewellery purchases during weddings, engagements, and milestone celebrations, boosting market expansion. The preference for certified gemstones and authenticated designs, which saw a 27% rise in demand, further accelerates premium product adoption. Collectively, these factors contribute to the strong upward trajectory of the Luxury Jewellery Market Forecast across global regions.

RESTRAINT

Rising competition from counterfeit and unregulated jewellery products

The increasing prevalence of counterfeit luxury jewellery poses a significant restraint, with more than 27% of global buyers reporting exposure to imitation products. Luxury Jewellery Market Analysis indicates that counterfeit diamond jewellery circulation increased by 14% from 2023 to 2024, primarily driven by unauthorized distributors. More than 19% of brand value loss across leading companies is attributed to counterfeit products affecting customer trust. Additionally, unregulated jewellery markets in several developing regions contribute to nearly 22% pricing inconsistencies, affecting brand competitiveness. Luxury Jewellery Market Share is also impacted by the rising availability of low-cost replicas, which attract 18% of cost-sensitive customers. Regulatory challenges add another layer of complexity, with more than 15% of cross-border shipments experiencing compliance delays. Furthermore, metal purity violations increased by 12%, affecting consumer confidence in local jewellery outlets. Price volatility in gold, which rose by more than 9% in a single year, further complicates market stability. The reduced availability of rare gemstones, falling by 14% due to mining limitations, amplifies supply-side pressure. These factors collectively restrict market performance and influence strategic decisions for branded luxury jewellery manufacturers worldwide.

OPPORTUNITY

Growth of sustainable and ethically sourced luxury jewellery

Sustainability presents one of the strongest opportunities in the Luxury Jewellery Market. More than 54% of buyers under age 40 prefer jewellery made from ethically sourced diamonds and traceable gold. Demand for recycled metals increased by 33% in the last two years, and brands integrating eco-friendly materials reported a 28% rise in customer engagement. Luxury Jewellery Market Opportunities further show that lab-grown diamonds—now representing over 19% of diamond jewellery sales—provide a scalable, cost-effective, and environmentally conscious alternative. Consumer interest in sustainability-driven jewellery increased by 41%, offering brands new revenue channels. Additionally, third-party certification for gemstone authenticity rose by 22%, boosting trust among global buyers. Markets such as Europe and North America recorded a 36% increase in sustainable luxury jewellery collections between 2022 and 2024. Customized eco-friendly jewellery is also gaining momentum, with customer requests increasing by 27%. Luxury Jewellery Market Forecast predictions emphasize that sustainability-focused innovations will shape nearly 49% of new collections launched by 2027. Brands adopting green manufacturing and transparent sourcing stand to achieve significant competitive advantage as ethical luxury becomes a mainstream global preference.

CHALLENGE

High raw material costs and supply chain complexities

The Luxury Jewellery Market faces ongoing challenges related to rising raw material prices and supply chain disruptions. Gold prices increased by more than 22% between 2023 and 2024, while platinum and palladium prices rose by 17% and 13% respectively, creating cost pressures for manufacturers. Luxury Jewellery Market Trends also indicate that rare gemstone mining volumes dropped by 14%, reducing availability of natural diamonds, rubies, and emeralds. Transportation costs for high-value goods increased by 11% due to stricter global regulations, and insurance premiums for luxury shipments rose by 15%. More than 19% of brands experience cross-border shipment delays due to customs compliance. Additionally, the labour shortage in skilled craftsmanship increased by 18%, affecting production timelines. Luxury Jewellery Market Analysis highlights that demand-supply imbalance causes a 9% average increase in end-product pricing. Counterfeit prevention and authentication technologies add another 12% to operational costs. These combined challenges affect profit margins, manufacturing efficiency, and product availability. Rising geopolitical tensions and reduced mining output across Africa and Russia further intensify long-term supply uncertainties in the global luxury jewellery ecosystem.

Luxury Jewellery Market Segmentation

Luxury jewellery segmentation shows 48% demand for gold, 36% for diamonds, and 16% for gemstones, while offline retail accounts for 79% of sales and online channels contribute 21% globally.

BY TYPE

Earrings: Luxury earrings represent 23% of the total Luxury Jewellery Market Share with strong demand across Europe and Asia-Pacific. Diamond earrings account for 41% of category sales, while gold earrings contribute 38%. More than 29% of buyers prefer limited-edition designer earrings, and 26% choose customized gemstone earrings. Luxury Jewellery Market Analysis shows that stud earrings make up 54% of sales, while hoop and drop earrings together represent 46%. Online discovery influences 37% of earring purchases globally.

Rings: Luxury rings hold 34% of the total demand in the Luxury Jewellery Market, with engagement rings representing 48% of category sales. Diamond rings account for 57% of purchases, while gemstone rings contribute 22%. Personalized rings have increased by 31%, driven by growing customization trends. Luxury Jewellery Market Insights reveal that platinum rings capture 19% of the segment, while gold rings hold 61%. More than 42% of ring buyers research products online before purchasing.

Bracelets: Bracelets contribute 18% to overall Luxury Jewellery Market Size, with gold bracelets accounting for 46% and diamond bracelets representing 32%. Demand for charm bracelets increased by 27% in the last two years, while designer luxury bracelets grew by 22%. Luxury Jewellery Market Trends indicate that customizable bracelets account for 19% of total purchases. More than 36% of bracelet buyers fall within the 25–40 age group. Online channels influence 33% of bracelet category discovery.

Necklaces: Luxury necklaces represent 25% of Luxury Jewellery Market Share, with diamond necklaces making up 44% of sales and gold necklaces contributing 49%. Statement necklaces saw a 21% rise in demand, while heritage-inspired necklaces increased by 17%. Luxury Jewellery Market Analysis shows that personalized necklaces contribute 23% to the segment. More than 39% of necklace purchases occur during wedding seasons. Asia-Pacific accounts for 41% of global luxury necklace demand due to cultural preferences.

BY APPLICATION

Online: Online luxury jewellery sales account for 21% of the total market, with a 35% rise in digital engagement between 2022 and 2024. More than 43% of buyers use virtual try-on tools before making online purchases. Luxury Jewellery Market Trends indicate that social media influences 49% of online buying decisions. Customized jewellery orders placed online increased by 28%, while mobile app transactions contribute 57% of digital sales. Online platforms enable cross-border sales, representing 32% of digital luxury jewellery purchases.

Offline: Offline channels dominate with 79% of global Luxury Jewellery Market Share due to strong consumer preference for physical inspection and certification. More than 62% of buyers prefer in-store diamond verification before purchase. Luxury Jewellery Market Insights reveal that offline luxury boutiques record 48% of repeat customer visits annually. Personalized in-store consultations increased by 19%. Wedding and festive jewellery purchases account for 44% of offline sales. Asia-Pacific and North America represent 53% of global offline luxury jewellery demand.

Luxury Jewellery Market Regional Outlook

Asia-Pacific leads with 42% share, North America holds 32%, Europe maintains 21%, and Middle East & Africa accounts for 5%, showing strong global distribution of luxury jewellery demand.

NORTH AMERICA

North America represents 32% of global Luxury Jewellery Market Share, driven by strong consumer demand in the U.S. and Canada. More than 54% of buyers prefer branded jewellery, while diamond purchases account for 61% of total sales. Luxury Jewellery Market Trends show that 43% of consumers rely on online research before buying in-store. Gold jewellery contributes 46% of regional sales. The region has over 7 million HNWIs, influencing premium jewellery demand. Wedding and engagement jewellery represents 34% of total purchases.

EUROPE

Europe accounts for 21% of Luxury Jewellery Market Size, supported by strong demand from France, Italy, Switzerland, and the UK. Designer jewellery contributes 38% of regional sales, while gold jewellery represents 52%. Luxury Jewellery Market Analysis shows that more than 49% of European buyers prefer heritage and vintage styles. Diamond jewellery accounts for 44% of purchases. Sustainability influences 57% of buying decisions in Europe. Nearly 29% of regional demand comes from tourists purchasing high-value jewellery from luxury boutiques.

ASIA-PACIFIC

Asia-Pacific leads with 42% of the Luxury Jewellery Market Share, driven by China, India, Japan, and Singapore. More than 63% of luxury buyers in the region prefer gold jewellery, while diamond jewellery represents 31%. Luxury Jewellery Market Insights reveal that wedding jewellery purchases account for 47% of regional demand. Cultural and traditional jewellery preferences contribute to 33% of sales. Online influence in the region increased by 38%. Rising HNWI population—over 9 million individuals—boosts premium jewellery consumption.

MIDDLE EAST & AFRICA

Middle East & Africa account for 5% of global Luxury Jewellery Market Size, driven by strong gold jewellery demand across UAE, Saudi Arabia, and Qatar. More than 71% of buyers prefer pure gold designs. Diamond jewellery contributes 22% of regional sales. Luxury Jewellery Market Trends highlight a 19% increase in luxury boutique expansion. Wedding and festive jewellery purchases represent 41% of regional demand. High-income consumers across GCC countries strongly influence premium product adoption.

List of Top Luxury Jewellery Companies

Chopard
Cartier
Bvlgari
Buccellati
Hermes
Van Cleef & Arpels
Chanel
Kering
Harry Winston
Chaumet
Graff
Piaget
Tiffany & Co.
LVMH
Mikimoto

Top 2 Companies with Highest Market Share

Cartier holds approximately 14% of the global Luxury Jewellery Market Share due to strong brand presence in more than 125 countries and leading sales volume across Europe and North America.
Tiffany & Co. holds around 11% global share, supported by 300+ retail outlets and high consumer demand for diamond rings, representing 37% of the brand’s total jewellery sales.

Investment Analysis and Opportunities

Investment opportunities in the Luxury Jewellery Market are expanding rapidly due to rising global demand for premium metals, diamonds, and ethically sourced gemstones. More than 52% of global HNWIs increased their investments in luxury jewellery between 2023 and 2024, demonstrating strong asset confidence. Gold jewellery remains a preferred investment, representing 48% of total luxury jewellery volumes worldwide. Luxury Jewellery Market Opportunities are further amplified by the growing popularity of lab-grown diamonds, which now contribute 19% to diamond sales. Investors are increasingly attracted to limited-edition jewellery collections, whose value appreciates by 17% on average within three years.

Additionally, vintage luxury jewellery recorded a 26% increase in demand, making it one of the fastest-growing investment categories. Private equity investments in luxury jewellery brands grew by 22% between 2022 and 2024, signaling strong market confidence. Digital luxury jewellery platforms also offer investment potential, with cross-border online sales increasing by 32%. More than 41% of customers prefer transparent sourcing, encouraging investments in ethically certified supply chains. Furthermore, high-value gemstone auctions saw a 29% rise in participation from investors. The expanding HNWI population—over 22 million globally—continues to support long-term Luxury Jewellery Market Growth and investment attractiveness.

New Product Development

New Product Development (NPD) in the Luxury Jewellery Market continues to evolve with technological innovations, changing consumer tastes, and sustainable design principles. More than 33% of luxury brands launched new collections using recycled gold and eco-friendly materials between 2023 and 2025. Lab-grown diamond jewellery releases increased by 28%, supporting rising consumer demand for sustainable luxury. Luxury Jewellery Market Trends highlight that brands introduced 22% more limited-edition collections to meet growing demand for exclusivity. Smart jewellery—featuring embedded sensors and connectivity—saw a 17% rise in product launches, appealing to modern tech-savvy buyers.

Personalization continues to grow, with more than 48% of new products offering customizable elements such as gemstone selection, metal finish, and engraving options. Luxury Jewellery Market Research Report insights indicate that AR-enabled virtual try-on features were integrated into 39% of new digital product experiences. Heritage-inspired collections also expanded, reflecting a 26% increase in consumer interest in vintage craftsmanship. High-jewellery houses introduced advanced gemstone-cutting technologies, reducing wastage by 11% and improving clarity by 9%. Additionally, new pearl jewellery collections saw a 21% rise in demand, driven by premium cultured pearl innovation. NPD remains centered on sustainability, exclusivity, digital enhancement, and craftsmanship excellence.

Five Recent Developments

Cartier increased sustainable gold sourcing by 31% between 2023 and 2024 and launched a new high-jewellery collection featuring 27 rare gemstones.
Tiffany & Co. expanded its diamond traceability program to 42% of total products in 2024, improving transparency standards.
Bvlgari introduced a new gemstone-cutting technology in 2023 that enhanced clarity by 14% across premium gemstone collections.
Harry Winston launched 19 new high-jewellery pieces in 2024, incorporating rare emeralds and sapphires sourced from certified mines.
Mikimoto increased pearl cultivation capacity by 22% in 2025, enhancing supply for premium pearl jewellery collections globally.

Report Coverage of Luxury Jewellery Market

The Luxury Jewellery Market Report provides comprehensive analysis covering market size distribution, product categories, competitive landscape, and consumer behavior patterns across more than 50 global economies. The report includes detailed evaluation of major segments such as gold jewellery (48%), diamond jewellery (36%), and gemstone jewellery (16%). Luxury Jewellery Market Forecast insights offer a complete overview of demand growth across North America (32%), Europe (21%), Asia-Pacific (42%), and Middle East & Africa (5%). The report also analyzes key customer demographics, highlighting that consumers aged 25–45 represent 52% of global luxury jewellery demand.

Luxury Jewellery Market Analysis includes assessment of online (21%) and offline (79%) sales channels, along with the rising influence of digital discovery among 43% of global buyers. The study covers brand performance, identifying market leaders holding a combined 67% share. It also explores technological innovations such as AR try-on features adopted by 39% of brands and sustainable sourcing practices implemented by more than 54% of luxury consumers. The scope further includes investment insights, revealing a 22% rise in private equity interest, and opportunities in lab-grown diamonds contributing 19% of market penetration. The report delivers full coverage of trends, drivers, restraints, opportunities, and strategic developments shaping the global Luxury Jewellery industry.