[Newest Insights] Global Luxury Jewelry Market Projected to Reach USD 42.54 Billion by 2028 with an 8.2% CAGR: TechSci Research

The TechSci Research report states that the Global Luxury Jewelry Market reached USD 42.54 Billion in 2022 and is expected to grow at an 8.2% CAGR from 2024 to 2028. This sector, part of the broader luxury goods industry, offers opulent, finely crafted adornments, such as rings, necklaces, bracelets, earrings, and watches, often made with precious metals and gemstones. The market's consistent growth is driven by factors like increasing disposable incomes, the rise of new wealth in regions like Asia and the Middle East, and changing consumer preferences that prioritize quality, uniqueness, and heritage, highlighting the enduring allure of luxury jewelry even during economic downturns.
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Consumer preferences are driving changes in the luxury jewelry market, with a focus on sustainability, ethical sourcing, and uniqueness. Demand for sustainable materials and lab-grown diamonds is rising, while customization options allow for bespoke pieces. The market is also becoming more inclusive, with accessible pricing and diverse marketing efforts.
The distribution of luxury jewelry is evolving, with digital platforms playing a crucial role alongside traditional stores. E-commerce, mobile apps, and social media are vital for reaching a global audience. Brands are investing in online experiences, such as virtual try-ons and interactive showrooms, leveraging augmented reality and virtual reality technologies. The integration of physical boutiques and digital channels is key to meeting diverse consumer needs.
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In summary, the luxury jewelry market is dynamic and evolving within the skincare industry, fueled by rising awareness, changing beauty standards, innovation, e-commerce, and health trends. With a wide range of products, both traditional and specialized, the market presents opportunities for brands to meet diverse consumer preferences. Adapting to these factors is crucial for success in this competitive industry.
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• Luxury Jewelry Market is expected to grow at a CAGR of 8.2% during the forecast period.
• Luxury Jewelry Market has a valuation of US$ 42.54 Billion as of 2028.
• Asia-Pacific currently holds the title of the largest Market for luxury jewelry.
• Online sales channels provide a diverse array of options, allowing customers to explore and compare various outdoor jewelry.
• In terms of type, the cages segment claims the top spot in Luxury Jewelry Market share.
• When considering the sales channel, the portable jewelry retailers segment takes the lead in Market share.
• Focusing on the price range, the premium segment secures the highest Market share in the Luxury Jewelry Market.
Competitive Landscape

The Luxury Jewelry Market report from Tech Sci Research can be customized to suit specific company requirements. Customization options include:
Recent Developments
In August 2023, Bvlgari introduced the Allegra Collection, inspired by life's joy and spontaneity, featuring vibrant gemstones and playful designs. In October 2023, Tiffany & Co. unveiled the Tiffany T1 collection, celebrating personal expression with bold, geometric designs in fine jewelry.
Major companies operating in Global Cosmetic Products Market are:
Guccio Gucci S.p.A., The Swatch Group Ltd., Richemont, Tiffany & Co., Signet Jewelers Limited, GRAFF, Louis Vuitton SE, Chopard International SA, Pandora Jewelry, LLC, MIKIMOTO
Market Segmentation for Luxury Jewelry Market:
• Luxury Jewelry Market, By Raw Material:
o Diamond
o Gold
o Platinum
o Others
• Luxury Jewelry Market, By Product:
o Necklace
o Ring
o Earring
o Others
• Luxury Jewelry Market, By Distribution Channel:
o Offline
o Online
• Luxury Jewelry Market, By Region:
o Asia-Pacific
 China
 Japan
 India
 Vietnam
 South Korea
o North America
 United States
 Canada
 Mexico
o Europe
 France
 Germany
 Spain
 Italy
 United Kingdom
o Middle East & Africa
 South Africa
 Saudi Arabia
 UAE
 Turkey
 Kuwait
 Egypt
o South America
 Brazil
 Argentina
 Colombia
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Table of Content
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Sources of Information
5. Global Luxury Jewelry Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Raw Material Market Share Analysis (Diamond, Gold, Platinum, Others)
5.2.2. By Product Market Share Analysis (Necklace, Ring, Earring, Others)
5.2.3. By Distribution Channel Market Share Analysis (Offline, Online)
5.2.4. By Regional Market Share Analysis
5.2.4.1. Asia-Pacific Market Share Analysis
5.2.4.2. North America Market Share Analysis
5.2.4.3. Europe Market Share Analysis
5.2.4.4. Middle East & Africa Market Share Analysis
5.2.4.5. South America Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. Global Luxury Jewelry Market Mapping & Opportunity Assessment
5.3.1. By Raw Material Market Mapping & Opportunity Assessment
5.3.2. By Product Market Mapping & Opportunity Assessment
5.3.3. By Distribution Channel Market Mapping & Opportunity Assessment
5.3.4. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Luxury Jewelry Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Raw Material Market Share Analysis
6.2.2. By Product Market Share Analysis
6.2.3. By Distribution Channel Market Share Analysis
6.2.4. By Country Market Share Analysis
6.2.4.1. China Luxury Jewelry Market Outlook
6.2.4.1.1. Market Size & Forecast
6.2.4.1.1.1. By Value
6.2.4.1.2. Market Share & Forecast
6.2.4.1.2.1. By Raw Material Market Share Analysis
6.2.4.1.2.2. By Product Market Share Analysis
6.2.4.1.2.3. By Distribution Channel Market Share Analysis
6.2.4.2. Japan Luxury Jewelry Market Outlook
6.2.4.2.1. Market Size & Forecast
6.2.4.2.1.1. By Value
6.2.4.2.2. Market Share & Forecast
6.2.4.2.2.1. By Raw Material Market Share Analysis
6.2.4.2.2.2. By Product Market Share Analysis
6.2.4.2.2.3. By Distribution Channel Market Share Analysis
6.2.4.3. India Luxury Jewelry Market Outlook
6.2.4.3.1. Market Size & Forecast
6.2.4.3.1.1. By Value
6.2.4.3.2. Market Share & Forecast
6.2.4.3.2.1. By Raw Material Market Share Analysis
6.2.4.3.2.2. By Product Market Share Analysis
6.2.4.3.2.3. By Distribution Channel Market Share Analysis
6.2.4.4. Vietnam Luxury Jewelry Market Outlook
6.2.4.4.1. Market Size & Forecast
6.2.4.4.1.1. By Value
6.2.4.4.2. Market Share & Forecast
6.2.4.4.2.1. By Raw Material Market Share Analysis
6.2.4.4.2.2. By Product Market Share Analysis
6.2.4.4.2.3. By Distribution Channel Market Share Analysis
6.2.4.5. South Korea Luxury Jewelry Market Outlook
6.2.4.5.1. Market Size & Forecast
6.2.4.5.1.1. By Value
6.2.4.5.2. Market Share & Forecast
6.2.4.5.2.1. By Raw Material Market Share Analysis
6.2.4.5.2.2. By Product Market Share Analysis
6.2.4.5.2.3. By Distribution Channel Market Share Analysis

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