The luxury jewellery market: a rapidly expanding sector

General overview

The luxury jewellery market was valued at around 50 billion by 2022 and is expected to reach 70 billion dollars by 2026, with a growth rate of annual growth of 7.5 %. This growth is being driven by a number of factors, including an increase in the number of affluent consumers, greater demand for exclusive and personalised products, and the expansion of online sales.

With regard to the segmentation of the luxury jewellery market, it is the rings who are in the majority, occupying around 40 % of the market. The necklaces and pendants represent approximately 30 % of the marketThere is strong demand for unique, limited-edition pieces. With around 20 % of the marketthe earrings seduce with their diversity of styles and designs. Visit bracelets represent only 10% of the market. 

Asia Pacific dominates the luxury jewellery market, accounting for around 39.33 % of global sales in 2023. This is followed by North America, where luxury jewellery sales are underpinned by a strong consumer culture for luxury products, particularly in the United States, and Europe, a historic centre for luxury jewellery, which maintains a leading position thanks to countries such as France, Italy and Switzerland.