The global luxury jewelry market size was valued at USD 37.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.2% from 2021 to 2028. The rise in demand for sustainable jewelry and the rise in demand for gender-fluid jewelry are factors boosting the growth of the market for luxury jewelry. Luxury Jewelry has also grown into vehicles for self-expression, with many buyers looking for unique and important pieces.
The gold segment dominated the market for luxury jewelry and accounted for the largest revenue share of 38.9% in 2020. Gold is an alluring investment during times of political and economic crisis. Gold luxury jewelry accounts for half of all gold consumption, with investments accounting for 40% and industry accounting for 10.0%.
The women segment dominated the market for luxury jewelry and accounted for the largest revenue share of 69.2%in 2020. The men segment is expected to witness a CAGR of 8.8 % over the forecast period. The majority of people who buy natural diamond jewelry wear it themselves, according to a Consumer Insights Report on Diamond Desirability (US) published by the Natural Diamond Council (NDC) in January 2021. Female consumers have been particularly motivated by this, with 72% percent acquiring at least one piece for themselves in the last 24 months, compared to only 23%of male buyers.
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Regional evaluation is yet another highly vast region of the research and analysis study of the Global keyword Market presented in the report. This section sheds light on the sales growth of distinct regional and country-level niches. The historical and forecast period 2020 to 2026 gives accurate and detailed country-wise quantity evaluation along with region-wise market size analysis from their worldwide keyword marketplace.
Key Player Mentioned:
Guccio Gucci S.p.A.
The Swatch Group Ltd.
Richemont
Tiffany & Co.
GRAFF
Louis Vuitton SE
Signet Jewelers Limited
Product Segment Analysis:
Necklaces
Ring
Earrings
Bracelets
Others
Application Segment Analysis:
Women
Men
Children
Segmentation by Region :
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
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Regional evaluation is yet another highly vast region of the research and analysis study of the Global keyword Market presented in the report. This section sheds light on the sales growth of distinct regional and country-level niches. The historical and forecast period 2020 to 2026 gives accurate and detailed country-wise quantity evaluation along with region-wise market size analysis from their worldwide keyword marketplace.
The study objectives of this report are:
– to research global status, future forecasts, growth opportunities, key markets and key players.
– To present the market development in us, Europe and China.
– To strategically profile the key players and comprehensively analyze their development plan and methods.
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The global Luxury Jewelrys market is illustrated by key results:
- The Luxury Jewelrys market research report comprises products developed, industries they cater to, and the strategies they adopt.
- Data related to the organizations such as the sales amassed by the manufacturers has also been mentioned. The report offers data related to the firm’s price models along with gross margins.
- The Luxury Jewelrys market research report presents data regarding products and market share of the product segments.
- The report entails sales that are accounted for by the products and the revenues earned by these product segments.
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