jewellery market is Expected to Grow USD 580.7Billion by 2033 |

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  IMARC Group, a leading market research company, has recently released a report titled " jewellery market Trends, Share, size and Forecast by Product, Material, Distribution Channel, Pricing, End-User, and Region, 2025-2033." The study provides a detailed analysis of the industry, including the jewellery market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

  Market Overview

  The global jewellery market reached a size of USD 365.9 Billion in 2024. It is forecasted to grow to USD 580.7 Billion by 2033, expanding at a CAGR of 5% during the forecast period 2025-2033. This growth is driven by increasing demand for jewellery as personal adornment influenced by changing consumer preferences, technological advancements, and rising disposable incomes in developing countries. The market includes various products made from precious metals and stones that serve as symbols of wealth, status, and emotion.

  Study Assumption Years

  ●     Base Year: 2024

  ●     Historical Year/Period: 2019-2024

  ●     Forecast Year/Period: 2025-2033

  Jewellery Market Key Takeaways

  ●     Current Market Size: USD 365.9 Billion (2024)

  ●     CAGR: 5% (2025-2033)

  ●     Forecast Period: 2025-2033

  ●     Rising disposable incomes are increasing demand for luxury and personalized jewellery.

  ●     Technological innovations such as CAD/CAM, 3D printing, and AR/VR are enhancing design, production, and customer experience.

  ●     Changing fashion trends include a shift toward minimalist and sustainable jewellery materials.

  ●     Asia Pacific dominates the market due to a strong cultural heritage, skilled artisans, and growing middle-class population.

  ●     The popularity of diamond jewellery as an investment has increased, particularly following COVID-19 market shifts.

  Claim Your Free "jewellery market" Insights Sample PDF: https://www.imarcgroup.com/jewellery-market/requestsample

  Market Growth Factors

  The increasing disposable incomes of individuals globally act as a fundamental driver of jewelry market growth. As economies expand and middle-class families in emerging markets grow, consumers have more financial resources to invest in luxury goods like jewellery. They are increasingly willing to spend on premium pieces that convey status, sophistication, and exclusivity. This is supported by escalating demand for unique and personalized pieces reflecting individual style and personality, where bespoke designs, customizations such as engravings and birthstone options, and mix-and-match collections are gaining popularity. Retailers and designers are catering to these trends, which benefits market expansion.

  Technological advancements have revolutionized jewellery manufacturing and consumer interactions. Computer-aided design/computer-aided manufacturing (CAD/CAM) enable the creation of intricate and complex designs with precision and speed, reducing time to market and enhancing creativity. The rising adoption of three-dimensional (3D) printing facilitates rapid prototyping and production of detailed jewellery pieces. Laser technology offers precise cutting and engraving, allowing intricate patterns and customization on various materials. Additionally, augmented reality (AR) and virtual reality (VR) technologies improve the shopping experience by allowing customers to virtually try on jewellery, thereby easing purchasing decisions and promoting market growth.

  Fashion trends are dynamically evolving, adding momentum to the industry. The market observes a shift towards minimalist designs characterized by clean lines, simple shapes, and understated elegance, fuelling demand for delicate everyday wear pieces. Environmental and social awareness among consumers has led to increased demand for sustainable jewellery, including products made from recycled or upcycled materials, conflict-free gemstones, and fair-trade gold. Brands emphasizing eco-friendly and ethical manufacturing practices are gaining market traction. This combination of aesthetic preference and ethical consciousness is a significant factor accelerating jewellery market growth.

  Market Segmentation

  The global jewellery market is segmented by product and material as follows:

  ●     Product:

  ●     Necklace: Jewellery pieces worn around the neck, crafted using various precious metals and stones, serving both aesthetic and cultural purposes.

  ●     Ring: Dominating the market; associated commonly with engagements and weddings, available in diverse designs and highly customizable, boosting consumer demand.

  ●     Earrings: Adorning the ears, ranging from simple studs to elaborate designs, catering to various fashion trends and occasions.

  ●     Bracelet: Decorative bands worn around the wrist, made from different materials and styles reflecting personal taste and fashion.

  ●     Others: Includes brooches and other miscellaneous jewellery items for personal adornment.

  ●     Material:

  ●     Gold: Holding the largest share due to its luxury symbol, durability, cultural significance, and investment value, favoured across geographies.

  ●     Platinum: A precious metal used in crafting high-end jewellery with lasting value and appeal.

  ●     Diamond: Gaining global popularity as an investment and luxury statement, used in various jewellery types.

  ●     Others: Includes other precious and semi-precious metals and stones utilized in jewellery manufacturing.

  Regional Insights

  Asia Pacific clearly dominates the global jewellery market due to its rich cultural heritage and deep traditions of jewellery craftsmanship in countries like India, China, and Thailand. The region benefits from a skilled artisan base and a growing middle class with rising disposable incomes fuelling demand for luxury goods, including jewellery. Moreover, Asia Pacific is a global manufacturing and trade hub for jewellery, with competitive advantages such as low-cost labour and access to raw materials attracting international brands to set up production and sourcing in countries like China and India, creating a positive outlook for the region.

  Recent Developments & News

  ●     In August 2022, Pandora announced its transition to lab-made diamonds, ceasing sales of mined diamonds to attract young consumers with sustainable and affordable stones, reducing carbon emissions.

  ●     Harry Winston Inc (The Swatch Group) launched new jewellery collections featuring coloured gemstones and introduced new high-end watch models combining craftsmanship and Swiss precision.

  ●     In 2021, Graff acquired the 20.69-carat pink Firebird Diamond and collaborated with designers Sarah Ho and Jose Maria Serrano to produce limited-edition artistic jewellery collections.

  Key Players

  ●     Buccellato (Compagnie Financière Richemont SA)

  ●     Cartier

  ●     Chow Tai Fook Jewellery Company Limited

  ●     Damas Jewellery

  ●     Graff

  ●     Harry Winston Inc (The Swatch Group)

  ●     HStern

  ●     Louis Vuitton Malletier SAS

  ●     Pandora A/S

  ●     Rajesh Exports Ltd.

  ●     Signet Jewellers

  ●     Swarovski AG

  ●     Titan Company

   

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