Luxury Jewelry Market Size, Trends and Insights By Product Type (Diamond Jewelry, Gold Jewelry, Platinum Jewelry, Gemstone Jewelry, Pearl Jewelry, Others), By End-User (Men, Women), By Sales Channel (Online, Offline), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI34652

Published Date: November 2023

Pages: 220+

Category: Consumer Goods

Report Snapshot

CAGR: 8.9%
54.4B
2022
58.5B
2023
97.8B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Tiffany & Co.
  • Cartier
  • Bulgari
  • Harry Winston
  • Van Cleef & Arpels
  • Others

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Reports Description

Global Luxury Jewelry Market is expected to witness substantial growth from 2023 to 2032, driven by factors such as rising disposable income, increasing consumer preferences for premium and luxury products, and the growing demand for customized and unique jewelry pieces. The market is projected to achieve a Compound Annual Growth Rate (CAGR) of approximately 8.9% during this period. In 2023, the market is estimated to be valued at USD 58.5 Billion, and it is expected to reach USD 97.8 Billion by 2032.

Luxury jewelry, characterized by high-quality materials, exquisite craftsmanship, and unique designs, caters to a discerning clientele looking for exclusivity and value.

The global Luxury Jewelry Market is experiencing growth due to various factors, including:

  • Rising Disposable Income: Increasing levels of disposable income among consumers, especially in emerging economies, provide individuals with the financial capacity to invest in luxury jewelry. As people have more discretionary income, they are more likely to consider purchasing high-quality jewelry.
  • Preference for Premium Products: Luxury jewelry is synonymous with exceptional quality, exquisite craftsmanship, and unique designs. Consumers value premium products that offer prestige and value, and luxury jewelry fits this preference.
  • Customization and Uniqueness: Luxury jewelry brands offer customization options that allow customers to create one-of-a-kind pieces tailored to their style and preferences. This trend toward personalized jewelry has been a significant driver of growth in the market.
  • Gift and Celebration Culture: The tradition of gifting luxury jewelry for special occasions and milestones, such as weddings, anniversaries, and birthdays, fuels market growth. These significant life events often involve the purchase of high-end jewelry as a symbol of love and commitment.
  • Popularity of Online Sales: The growth of e-commerce has made luxury jewelry more accessible to consumers worldwide. Online sales channels provide convenience and a wider selection of products, attracting a global customer base.
  • Sustainability and Ethical Practices: An increasing number of consumers are conscious of ethical and sustainable practices in the jewelry industry. Brands that prioritize responsible sourcing of materials and environmentally-friendly production methods gain favor with environmentally-conscious consumers.
  • Innovative Materials and Design: Luxury jewelry brands are continually exploring innovative materials and design concepts. Incorporating new elements, such as alternative gemstones, materials, and design aesthetics, can attract consumers seeking unique and contemporary pieces.
  • Brand Prestige and Legacy: Established luxury jewelry brands carry a strong reputation and legacy, which can attract consumers who value the heritage, craftsmanship, and prestige associated with these brands.
  • Investment Value: Luxury jewelry is often considered an investment, as precious metals and gemstones can appreciate over time. This investment potential attracts investors and consumers looking for assets with enduring value.
  • Celebrity Endorsements: Partnerships and endorsements by celebrities, fashion icons, and influencers play a significant role in promoting luxury jewelry brands. Celebrity associations can enhance the desirability of these products.
  • Experiential Retail: Luxury jewelry retailers are focusing on creating unique in-store experiences for customers. These experiences, often in the form of luxurious showrooms and personalized consultations, enhance the customer journey and contribute to brand loyalty.
  • Consumer Confidence: Building and maintaining consumer confidence in the authenticity, quality, and craftsmanship of luxury jewelry is crucial for the industry. Brands invest in quality control and certifications to assure consumers of the genuineness of their products.
  • Cultural and Regional Preferences: Jewelry styles and designs can vary significantly across different cultures and regions. Luxury jewelry brands must adapt to meet diverse market demands, respecting local customs and preferences.
  • Customs and Import Regulations: The international trade of luxury jewelry products involves navigating complex customs and import regulations, which can be a challenge for brands selling globally. Understanding and complying with these regulations is essential.
  • Security: Ensuring the security of valuable jewelry items during manufacturing, transportation, and in retail environments is a critical challenge. Security measures must be robust to prevent theft and loss.

Global Luxury Jewelry Market – Mergers and Acquisitions

  • Richemont’s Acquisition of Buccellati (2019): Compagnie Financière Richemont, a luxury goods conglomerate, acquired Buccellati, an Italian high-end jewelry brand known for its intricate and detailed designs. The acquisition allowed Richemont to expand its presence in the luxury jewelry sector and enhance its portfolio of brands.
  • LVMH’s Acquisition of Tiffany & Co. (2020): LVMH Moët Hennessy Louis Vuitton, a major luxury conglomerate, acquired Tiffany & Co., an iconic American luxury jewelry brand. This acquisition strengthened LVMH’s position in the global luxury jewelry market and broadened its portfolio of prestigious brands.
  • Kering’s Acquisition of Pomellato (2013): Kering, a global luxury group, acquired Pomellato, an Italian luxury jewelry brand renowned for its colorful gemstone designs. The acquisition allowed Kering to diversify its portfolio and gain a foothold in the high-end jewelry sector.
  • Richemont’s Acquisition of YOOX Net-a-Porter Group (2018): Richemont acquired YOOX Net-a-Porter Group (YNAP), an online luxury fashion and retail platform. This acquisition aligned with Richemont’s strategy to strengthen its presence in the digital luxury market, including online sales of high-end jewelry.
  • Signet Jewelers’ Acquisition of James Allen (2017): Signet Jewelers, a leading specialty jewelry retailer, acquired James Allen, an e-commerce platform specializing in engagement rings and diamond jewelry. This acquisition expanded Signet’s presence in the online jewelry market.
  • Graff Diamonds’ Acquisition of 302.37-Carat Graff Lesedi La Rona Diamond (2017): Graff Diamonds, a prestigious jewelry brand, acquired the remarkable 302.37-carat Graff Lesedi La Rona diamond. This acquisition showcased Graff’s commitment to sourcing and working with exceptional gemstones.
  • Birks Group’s Sale of Mayor’s Jewelers (2018): Birks Group, a Canadian luxury jewelry brand, sold Mayor’s Jewelers, a chain of jewelry stores. This transaction allowed Birks Group to refocus on its core operations and strengthen its financial position.
  • Platinum Guild International’s Collaboration with Jeweler Alex Woo (2020): Platinum Guild International (PGI) partnered with jewelry designer Alex Woo to promote platinum jewelry. Collaborations between industry associations and renowned designers are common and help promote the use of precious metals like platinum in luxury jewelry.
  • Harry Winston’s Acquisition by Swatch Group (2013): Swatch Group, a major Swiss watch and jewelry conglomerate, acquired Harry Winston, a renowned high-end jewelry brand. This acquisition allowed Swatch Group to expand its presence in the luxury jewelry market.
  • Chow Tai Fook’s Acquisition of Hearts On Fire (2014): Chow Tai Fook, a leading Hong Kong-based jewelry retailer, acquired Hearts On Fire, a high-end diamond jewelry brand. This acquisition allowed Chow Tai Fook to diversify its product offerings and expand its presence in the luxury jewelry market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Luxury Jewelry Market Glass Plate Market Wooden Toys Market
CAGR 8.9% (Approx) CAGR 4.2% (Approx) CAGR 6% (Approx)
USD 97.8 Billion by 2032 USD 19.98 Billion by 2032 USD 35.99 Billion by 2032

Several challenges impact the global Luxury Jewelry Market:

  • Economic Factors: Economic conditions and fluctuations can significantly affect the demand for luxury jewelry. During economic downturns or periods of economic uncertainty, consumers may reduce their spending on non-essential items, including high-end jewelry.
  • Counterfeiting: The luxury jewelry market is particularly vulnerable to counterfeiting and the sale of counterfeit products. Counterfeit jewelry can damage a brand’s reputation and lead to revenue loss.
  • Raw Material Prices: The prices of precious metals, gemstones, and other materials used in luxury jewelry can be subject to significant volatility. Fluctuations in raw material prices can impact production costs and influence product pricing.
  • Sustainability and Ethical Sourcing: As consumers become more conscientious about ethical and sustainable practices, luxury jewelry brands face pressure to source materials responsibly and adhere to environmental and ethical standards. Compliance with these standards can be challenging.
  • Competitive Landscape: The luxury jewelry market is highly competitive, with both established and emerging brands vying for market share. Differentiating products and maintaining brand identity in a crowded market can be a constant challenge.
  • Cultural and Regional Preferences: Consumer preferences for jewelry styles and designs can vary significantly across cultures and regions. Brands must adapt to meet diverse market demands and respect local customs and traditions.
  • Customs and Import Regulations: Luxury jewelry brands involved in international trade need to navigate complex customs and import regulations. Understanding and complying with these regulations is essential for seamless global operations.
  • Security: Ensuring the security of valuable jewelry items during manufacturing, transportation, and in retail environments is a critical challenge. Security measures must be robust to prevent theft and loss.
  • Consumer Confidence: Building and maintaining consumer confidence in the authenticity, quality, and craftsmanship of luxury jewelry is crucial for the industry. Brands invest in quality control and certifications to assure consumers of the genuineness of their products.
  • Marketing and Promotion: Luxury jewelry brands must continuously invest in marketing and promotion to remain top-of-mind for consumers and sustain brand appeal. Effective branding and promotion are vital to the industry’s success.
  • Investment Value: While luxury jewelry is often considered an investment, market dynamics can affect the value of jewelry assets. Brands must address concerns related to the fluctuating value of their products.
  • Sustainability and Environmental Regulations: Increasing emphasis on the impact of products on the environment and compliance with sustainability regulations adds complexity to luxury jewelry production. Meeting sustainability standards is an emerging concern.
  • Technological Advancements: The luxury jewelry market is affected by advancements in technology, particularly in areas such as 3D printing and artificial intelligence. Brands must adapt to stay competitive and meet changing consumer expectations.
  • Changing Consumer Behavior: Evolving consumer behavior, including the shift toward online shopping, can affect the traditional luxury jewelry retail model. Brands must adjust to cater to changing customer preferences and habits.
  • Supply Chain Challenges: Maintaining a secure and efficient supply chain is crucial for luxury jewelry brands. Delays, disruptions, or inconsistencies in the supply chain can impact production and availability.
  • Labor and Artisan Shortages: Finding skilled artisans and craftsmen capable of producing high-quality, intricate jewelry is becoming more challenging. The industry must address labor shortages and invest in talent development.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 58.5 Billion
Projected Market Size in 2032 USD 97.8 Billion
Market Size in 2022 USD 54.4 Billion
CAGR Growth Rate 8.9% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Product Type, End-User, Sales Channel and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-wise Analysis:

By Product Type:

  • Diamond Jewelry: Jewelry featuring high-quality diamonds as the primary gemstone, including engagement rings, necklaces, and earrings.
  • Gold Jewelry: Jewelry made primarily of gold, in various forms such as necklaces, bracelets, and rings.
  • Platinum Jewelry: Jewelry crafted from platinum, known for its durability and lustrous appearance.
  • Gemstone Jewelry: Jewelry featuring a variety of colored gemstones, including sapphires, emeralds, and rubies.
  • Pearl Jewelry: Jewelry incorporating pearls, both natural and cultured, in designs such as necklaces and earrings.
  • Others: Additional product types may include luxury watches, designer jewelry, and customized pieces.

Global Luxury Jewelry Market 2023–2032 (By Billion)

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By End-User:

  • Men: Luxury jewelry designed for men, including cufflinks, rings, and bracelets.
  • Women: Luxury jewelry catering to women, including necklaces, earrings, and bracelets.

By Sales Channel:

  • Online: Sales through e-commerce platforms and the brand’s official online stores.
  • Offline: Sales through physical brick-and-mortar stores, including standalone boutiques and luxury department stores.

Global Luxury Jewelry Market 2023–2032 (By End-User)

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Luxury Jewelry Market – Regional Analysis:

North America: 

  • The United States and Canada are significant markets for luxury jewelry, with a strong culture of gift-giving and a high level of disposable income.
  • Luxury jewelry brands in North America often focus on unique designs, personalization, and the use of high-quality diamonds and colored gemstones.
  • Online sales and digital marketing play a crucial role in reaching consumers, and e-commerce is a growing distribution channel.
  • Sustainable and ethical practices in sourcing and production are increasingly important to consumers.

Europe: 

  • Western Europe, including countries like France, the UK, Italy, and Germany, is home to many iconic luxury jewelry brands.
  • Western European markets have a rich history and heritage in jewelry design and craftsmanship.
  • The European luxury jewelry market places emphasis on classic and timeless designs, with a focus on diamonds, precious metals, and artisanal craftsmanship.
  • Eastern European countries, such as Russia, are experiencing growth in luxury jewelry consumption due to rising affluence.

Asia-Pacific:

  • China is one of the fastest-growing markets for luxury jewelry, driven by a growing middle class and an affinity for luxury brands.
  • India has a strong tradition of jewelry, and the luxury jewelry market is characterized by a blend of traditional and modern designs.
  • Southeast Asian countries, including Singapore, Malaysia, and Thailand, have a burgeoning luxury jewelry market, with an emphasis on unique gemstone jewelry.
  • Jewelry customization and personalization are key trends in the Asia-Pacific region.

Latin America:

  • Brazil is a significant luxury jewelry market, with a focus on colored gemstones, particularly emeralds and colored diamonds.
  • Mexican jewelry brands are known for their intricate silver designs, combining traditional craftsmanship with contemporary styles.
  • The luxury jewelry market in the region is influenced by a mix of European and indigenous design elements.

Middle East and Africa: 

  • The Middle East, including the United Arab Emirates, is known for its demand for high-end jewelry, particularly among the affluent population.
  • Middle Eastern consumers favor opulent and elaborate designs, often featuring large and precious gemstones.
  • The Middle East is also a hub for the gold jewelry market, with 18k and 22k gold being popular choices.
  • Africa, particularly countries like South Africa, is known for its production of diamonds and colored gemstones.

Global Luxury Jewelry Market 2023–2032 (By Sales Channel)

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List of the prominent players in the Luxury Jewelry Market:

  • Tiffany & Co.
  • Cartier
  • Bulgari
  • Harry Winston
  • Van Cleef & Arpels
  • Graff
  • Chopard
  • Buccellati
  • David Yurman
  • Buccellati
  • Others

The Luxury Jewelry Market is segmented as follows:

By Product Type

  • Diamond Jewelry
  • Gold Jewelry
  • Platinum Jewelry
  • Gemstone Jewelry
  • Pearl Jewelry
  • Others

By Product

  • Necklaces
  • Ring
  • Earrings
  • Bracelets
  • Others

By End-User

  • Men
  • Women

By Sales Channel

  • Online
  • Offline

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Luxury Jewelry Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Luxury Jewelry Market: snapshot
  • Chapter 3. Global Luxury Jewelry Market – Industry Analysis
    • 3.1 Luxury Jewelry Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising Disposable Income
      • 3.2.2 Preference for Premium Products
      • 3.2.3 Customization and Uniqueness
      • 3.2.4 Gift and Celebration Culture
      • 3.2.5 Popularity of Online Sales
      • 3.2.6 Sustainability and Ethical Practices
      • 3.2.7 Innovative Materials and Design
      • 3.2.8 Brand Prestige and Legacy
      • 3.2.9 Investment Value
      • 3.2.10 Celebrity Endorsements
      • 3.2.11 Experiential Retail
      • 3.2.12 Consumer Confidence
      • 3.2.13 Cultural and Regional Preferences
      • 3.2.14 Customs and Import Regulations
      • 3.2.15 Security.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Product Type
      • 3.7.2 Market Attractiveness Analysis By End-User
      • 3.7.3 Market Attractiveness Analysis By Sales Channel
  • Chapter 4. Global Luxury Jewelry Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Luxury Jewelry Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Luxury Jewelry Market – Product Type Analysis
    • 5.1 Global Luxury Jewelry Market Overview: By Product Type
      • 5.1.1 Global Luxury Jewelry Market Share, By Product Type, 2022 and 2032
    • 5.2 Diamond Jewelry
      • 5.2.1 Global Luxury Jewelry Market by Diamond Jewelry, 2023 – 2032 (USD Billion)
    • 5.3 Gold Jewelry
      • 5.3.1 Global Luxury Jewelry Market by Gold Jewelry, 2023 – 2032 (USD Billion)
    • 5.4 Platinum Jewelry
      • 5.4.1 Global Luxury Jewelry Market by Platinum Jewelry, 2023 – 2032 (USD Billion)
    • 5.5 Gemstone Jewelry
      • 5.5.1 Global Luxury Jewelry Market by Gemstone Jewelry, 2023 – 2032 (USD Billion)
    • 5.6 Pearl Jewelry
      • 5.6.1 Global Luxury Jewelry Market by Pearl Jewelry, 2023 – 2032 (USD Billion)
    • 5.7 Others
      • 5.7.1 Global Luxury Jewelry Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Luxury Jewelry Market – End-User Analysis
    • 6.1 Global Luxury Jewelry Market Overview: By End-User
      • 6.1.1 Global Luxury Jewelry Market Share, By End-User, 2022 and 2032
    • 6.2 Men
      • 6.2.1 Global Luxury Jewelry Market by Men, 2023 – 2032 (USD Billion)
    • 6.3 Women
      • 6.3.1 Global Luxury Jewelry Market by Women, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Luxury Jewelry Market – Sales Channel Analysis
    • 7.1 Global Luxury Jewelry Market Overview: By Sales Channel
      • 7.1.1 Global Luxury Jewelry Market Share, By Sales Channel, 2022 and 2032
    • 7.2 Online
      • 7.2.1 Global Luxury Jewelry Market by Online, 2023 – 2032 (USD Billion)
    • 7.3 Offline
      • 7.3.1 Global Luxury Jewelry Market by Offline, 2023 – 2032 (USD Billion)
  • Chapter 8. Luxury Jewelry Market – Regional Analysis
    • 8.1 Global Luxury Jewelry Market Regional Overview
    • 8.2 Global Luxury Jewelry Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Luxury Jewelry Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Luxury Jewelry Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Luxury Jewelry Market, by Product Type, 2023 – 2032
      • 8.4.1 North America Luxury Jewelry Market, by Product Type, 2023 – 2032 (USD Billion)
    • 8.5 North America Luxury Jewelry Market, by End-User, 2023 – 2032
      • 8.5.1 North America Luxury Jewelry Market, by End-User, 2023 – 2032 (USD Billion)
    • 8.6 North America Luxury Jewelry Market, by Sales Channel, 2023 – 2032
      • 8.6.1 North America Luxury Jewelry Market, by Sales Channel, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Luxury Jewelry Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Luxury Jewelry Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Luxury Jewelry Market, by Product Type, 2023 – 2032
      • 8.8.1 Europe Luxury Jewelry Market, by Product Type, 2023 – 2032 (USD Billion)
    • 8.9 Europe Luxury Jewelry Market, by End-User, 2023 – 2032
      • 8.9.1 Europe Luxury Jewelry Market, by End-User, 2023 – 2032 (USD Billion)
    • 8.10 Europe Luxury Jewelry Market, by Sales Channel, 2023 – 2032
      • 8.10.1 Europe Luxury Jewelry Market, by Sales Channel, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Luxury Jewelry Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Luxury Jewelry Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Luxury Jewelry Market, by Product Type, 2023 – 2032
      • 8.12.1 Asia Pacific Luxury Jewelry Market, by Product Type, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Luxury Jewelry Market, by End-User, 2023 – 2032
      • 8.13.1 Asia Pacific Luxury Jewelry Market, by End-User, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Luxury Jewelry Market, by Sales Channel, 2023 – 2032
      • 8.14.1 Asia Pacific Luxury Jewelry Market, by Sales Channel, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Luxury Jewelry Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Luxury Jewelry Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Luxury Jewelry Market, by Product Type, 2023 – 2032
      • 8.16.1 Latin America Luxury Jewelry Market, by Product Type, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Luxury Jewelry Market, by End-User, 2023 – 2032
      • 8.17.1 Latin America Luxury Jewelry Market, by End-User, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Luxury Jewelry Market, by Sales Channel, 2023 – 2032
      • 8.18.1 Latin America Luxury Jewelry Market, by Sales Channel, 2023 – 2032 (USD Billion)
    • 8.19. The Middle East and Africa
      • 8.19.1 The Middle-East and Africa Luxury Jewelry Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Luxury Jewelry Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Luxury Jewelry Market, by Product Type, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Luxury Jewelry Market, by Product Type, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Luxury Jewelry Market, by End-User, 2023 – 2032
      • 8.21.1 The Middle-East and African Luxury Jewelry Market, by End-User, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Luxury Jewelry Market, by Sales Channel, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Luxury Jewelry Market, by Sales Channel, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Tiffany & Co.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Cartier
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Bulgari
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Harry Winston
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Van Cleef & Arpels
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Graff
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Chopard
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Buccellati
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 David Yurman
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Buccellati
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 26

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Tiffany & Co.
  • Cartier
  • Bulgari
  • Harry Winston
  • Van Cleef & Arpels
  • Graff
  • Chopard
  • Buccellati
  • David Yurman
  • Buccellati
  • Others

FAQs

The key factors driving the Market are Rising Disposable Income, Preference for Premium Products, Customization and Uniqueness, Gift and Celebration Culture, Popularity of Online Sales, Sustainability and Ethical Practices, Innovative Materials and Design, Brand Prestige and Legacy, Investment Value, Celebrity Endorsements, Experiential Retail, Consumer Confidence, Cultural and Regional Preferences, Customs and Import Regulations And Security.

The “Gold Jewelry” category dominated the market in 2022.

The key players in the market are Tiffany & Co., Cartier, Bulgari, Harry Winston, Van Cleef & Arpels, Graff, Chopard, Buccellati, David Yurman, Buccellati, Others.

“North America” had the largest share in the Luxury Jewelry Market.

The global market is projected to grow at a CAGR of 8.9% during the forecast period, 2023-2032.

The Luxury Jewelry Market size was valued at USD 58.5 Billion in 2023.

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