Global Luxury Jewellery Market Size To Exceed USD 108.4 Billion By 2033: Industry Analysis Report

Global Luxury Jewellery Market Size To Exceed USD 108.4 Billion By 2033  

According to a research report published by Spherical Insights & Consulting, The Global Luxury Jewellery Market Size is Expected to Grow from USD 48.6 Billion in 2023 to USD 108.4 Billion by 2033, at a CAGR of 8.35% during the forecast period 2023-2033.                       

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Luxury Jewellery Market Size, Share, and COVID-19 Impact Analysis, By Product (Necklace, Ring, and Earring), By Raw Material (Diamond, Gold, and Platinum), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033                                        

The luxury jewellery market refers to the global industry focused on the design, manufacture, marketing, and sale of high-end jewellery products crafted from premium materials such as gold, platinum, diamonds, and other precious gemstones. These items are typically associated with superior craftsmanship, exclusive designs, brand prestige, and high value. Moreover, the luxury jewellery market is driven by rising disposable incomes, increasing demand for premium and customized products, brand consciousness, and gifting culture. Growth in high-net-worth individuals, expanding e-commerce, and emerging markets further fuel demand. Social media influence and celebrity endorsements also boost consumer interest and global market visibility. However, the luxury jewellery market faces restraints such as high product costs, fluctuating prices of precious metals and gemstones, economic uncertainty, and increasing concerns over ethical sourcing and the environmental impact of raw materials.

The ring segment accounted for the largest share of the global luxury jewellery market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on product, the global luxury jewellery market is divided into necklace, ring, and earring. Among these, the ring segment accounted for the largest share of the global luxury jewellery market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is due to their strong demand for engagement, weddings, and personal gifting. Their symbolic value, customization options, and wide consumer appeal across genders make rings a dominant product segment, particularly in the bridal and high-end fashion jewellery categories worldwide.

The gold segment accounted for a substantial share of the global luxury jewellery market in 2023 and is anticipated to grow at a rapid pace during the projected period.

On the basis of the raw material, the global luxury jewellery market is divided into diamond, gold, and platinum. Among these, the gold segment accounted for a substantial share of the global luxury jewellery market in 2023 and is anticipated to grow rapidly during the projected period. This is due to its timeless appeal, cultural significance, high liquidity, and value retention. Widely used across diverse styles and regions, gold is favored for its versatility, durability, and association with wealth, making it a top choice for luxury jewellery consumers globally.

North America is projected to hold the largest share of the global luxury jewellery market over the projected period. 

North America is projected to hold the largest share of the global luxury jewellery market over the projected period.  This is driven by high disposable income, a strong presence of leading luxury brands, and a mature consumer base. The United States leads with robust demand for premium, branded, and customized jewellery, supported by a well-established retail and e-commerce infrastructure.

Europe is expected to grow at the fastest CAGR of the global luxury jewelry market during the projected period. This is supported by its rich heritage in fine craftsmanship, strong presence of iconic luxury brands, and high consumer spending on premium products. Countries like France, Italy, and Switzerland lead in both the production and consumption of high-end, designer, and bespoke jewellery.

Company Profiling 

Major vendors in the global luxury jewellery market are Pandora, GRAFF, The Swatch Group Ltd, MIKIMOTO, Signet Jewelers, LOUIS VUITTON, Compagnie Financière Richemont SA, Chopard, T&CO., Guccio Gucci S.p.A., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development 

• In February 2025, Tanishq launched at New York Fashion Week in partnership with fashion designer Bibhu Mohapatra. The partnership included more than 40 pieces, adding to Bibhu's 2025 Fall collection, which celebrated Indian heritage. Tanishq's creations, famous for being loved around the world, brought the beauty of India's craftsmanship to the collection's boldness. 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global luxury jewelry market based on the below-mentioned segments:  

Global Luxury Jewellery Market, By Product

• Necklace
• Ring
• Earring

Global Luxury Jewellery Market, By Raw Material

• Diamond
• Gold
• Platinum

Global Luxury Jewellery Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa