
Jewelry Market to Reach USD 413.86 Billion by 2032, Driven by Fashion Trends and Personalization Demand
The global Jewelry Market is projected to grow from USD 274.21 billion in 2024 to USD 413.86 billion by 2032, registering a CAGR of 5.28% during the forecast period. This growth is fueled by evolving fashion trends, increasing demand for personalized jewelry, and rising disposable incomes worldwide.
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Jewelry Market Regional Insights:
The report provides regional insights into the industrial gas market for North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The Asia-Pacific region is expected to dominate the market.
Jewelry Market Segmentation:
by Product Type
RingsNecklaces and PendantsEarringsBracelets and BanglesWatchesBrooches and Pins
Rings, Necklaces and Pendants, Earrings, Bracelets and Bangles, Watches, and Brooches and Pins are the product categories into which the market is divided. With the greatest jewellery market share during the projected period, the rings sector is anticipated to maintain its supremacy, having done so in 2024. Particularly important to the appeal and sales of rings are wedding bands and engagement rings. Engagement rings are a mainstay in the jewellery industry since they are frequently seen as symbolic and necessary for weddings and proposals.
by Material
GoldDiamondPlatinumStainless steelOther
The market is divided into five segments based on material: gold, diamond, platinum, stainless steel, and other. The jewellery market was dominated by the gold and diamond segment in 2024 and is anticipated to continue to do so during the forecast period. Weddings, engagements, and anniversaries are among the life events and special occasions when gold jewellery is worn. In many societies, it has cultural and emotional importance. In addition to its ornamental value, gold is regarded as an investment, which is anticipated to accelerate the expansion of the jewellery sector. Particularly in areas where gold is a form of savings and can be readily sold when needed, people purchase gold jewellery as a store of value.
by End-user
MenWomenChildren
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Jewelry Market Key Players:
1. Tiffany & Co.2. Pandora3. Chow Tai Fook4. Louis Vuitton SE5. Richemont6. GRAFF7. Signet Jewelers Limited8. H. Stern9. Malabar Gold & Diamonds10. Buccellati11. Cartier12. LVMH Group13. SHR Jewelry Group14. Swarovski15. Tata Sons Private Ltd16. The Swatch Group AG17. Rajesh Exports Ltd.18. Chopard19. Hary Winston, Inc.
Key questions answered in Jewelry Market are:
- Who held the largest market share in the Jewelry Market?
- What are the factors driving the Jewelry Market growth?
- What are the factors restraining the Jewelry Market growth?
- Which trends are expected to generate additional revenue for the Jewelry market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Jewelry Market?
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