Jewelry Market Size: Global Industry Value, Growth Statistics & Forecast

As we enter 2026, the global jewelry market size has reached its peak, outperforming previous records. 

In this detailed report, we are going to discuss how the jewelry industry has grown over the past few years, and what to expect in the near future. 

For wise collectors and investors, our jewelry market statistics include annual revenue and growth reports. 

We also arranged key market driving factors and region-based jewelry research. 

From the USA to Asia, we will explore potential jewelry market trends of both the online and offline jewelry markets. 

Let’s have a look! 

As we step into 2026, the global jewelry market is breaking all previous records. 

The worldwide jewelry industry was valued at approximately 310.90 billion USD. Experts project it will cross 460 billion USD by the early 2030s. (Source: Fortune Business Insights)

From the pandemic to December 2025, the jewelry market has been a rollercoaster. 

The industry experienced a sudden “jewelry purchase ”boost. Currently, we are seeing a steady growth of 4.7%. (Statista)

Jewelry market statistics show a continuous spark after the post-pandemic period: 

Multiple reports suggest that for 70% of jewelers, omnichannel retail will become the industry standard in 2026. (McKinsey & Company, 2025)

At this moment, the jewelry industry is growing at a CAGR of 4.7%. 

The key drivers of this spark are: 

• Easy mobile shopping process. 

• Rise of middle-class wealthy families in Asia. 

• The culture: Women are now preferring to buy for themselves, rather than waiting for a partner. 

Rings, necklaces, earrings, and bracelets are the most sold ornaments. 

It is the powerhouse of the global jewelry market. Rings alone generate 34% revenue in the global jewelry industry. 

The key reason? Evergreen wedding market. As Elizabeth Taylor said, “Big girls need big diamonds. 

Neckpieces are dominating the “statement” category. The rise of the layering necklace trend has played a big role in recent times. This segment is now established as a USD 52.32 billion market in 2025. 

Gold necklaces account for 38.2% of global ornament production. The market is projected to reach 75.85 billion USD by 2032. Additionally, the sector is forecast to grow, showing a historical exhibition of 5.45% CAGR. 

The chains and pendant segment is expected to grow at a CAGR of 6.45% through 2030. 

Most importantly, the virtual try-on feature provided the best support behind the rise of online retail in this segment. The online market for this category is expected to record a CAGR of 7.45% (Source: Mordor Intelligence). 

Among the other countries, China, India, and the USA have the most necklace consumers (Source: DWS Jewellery & ShelfTrend). 

The Earring market size occupies 8.7% to 20% of the total jewelry market revenue. (Source: Grand View Research). 

As the easy style option, stud earrings hold the largest volume share. Meanwhile, "Hoops" and "Huggies" showed promising growth in the ornament segment.

Additionally, gold earrings, especially those made from 14K and 18K gold, remain the leading material. Economic analysts predict that this growth will reach $51.45 billion USD by 2032 (Source: Meticulous Research).

Top countries by earring purchase ratio:

In 2025, the global bracelet market size is approximately $2.68 billion. Among these hand jewelry, 40% of global units are gold bracelets. North America is leading this category. 

This region alone has a 35% share of bracelets. The Asia Pacific region holds a 30% share of the net bracelet market. 

With an estimated $120.4 billion worth of sales, China is performing as a global leader. India is the second-largest bracelet consumer with an estimated $93.5 billion worth of sales. As the third-largest bracelet consumer, the USA generated 34.8 billion. 

Gold’s popularity is undefeated, representing the largest slice of the global ornament industry. With 184.85 billion worth of net value, gold accounts for roughly 55.3% of the jewelry market share alone. 

The 22K gold segment is commanding over 45% revenue, specifically across the Asian market (Source: WiseGuy Reports). Market forecasts suggest a stable growth of this market at a stable CAGR of 2.5% to 4.7% between 2025 and 2035.

The diamond jewelry sector clearly exhibits a distinct bifurcation. Consumers are divided between premium, naturally sourced diamonds and cost-competitive lab-grown alternatives. 

Natural Diamond Market: Over the 2025–2033 forecast horizon, the market is expected to grow from USD 53.16 billion to USD 129.53 billion. 

Besides, reports suggest a steady CAGR of 2.7% to 3.2% during the same period (Source: Straits Research, & Technavio).

Lab-Grown Diamond Sector: As expected, in the US, for 1-carat engagement rings, the market hit a 56.8% share as of late 2025. 

Online Sales Surge: Digital platforms are projected to account for 25% of all diamond jewelry transactions by the end of 2026.

The global jewelry industry is valued at approximately 42.81 billion USD in 2025. Sterling Silver’s durable and hypoallergenic features dominated with 70% of the total market share. 

The projected CAGR of 5.4% from 2026 to 2032 indicates a steady expansion. 

Regional share: Asia holds the largest share of 40% to 57%, driven by China and India in the silver jewelry market. 

North America represents 25% of global silver consumption. Europe’s current share is 20%, with the support of key hubs: Italy and Germany. 

Record-high gold prices are driving both consumers and manufacturers to this white metal. In 2025, the global platinum market size reached around $8.5-$8.7 billion (Source: Skyquest). 

This segment now accounts for 6.8% of the net global jewelry sales. Japan and Korea purchased 68% of this sector.

Multiple jewelry market research suggests the market is estimated to reach 10.55 billion by 2033. (Straits Research). At the same time, this sector growth is expected to expand at a CAGR of 5.4% to 5.86% (Decisions Advisors).

A significant number of Gen-Z are preferring LGD alternatives as a bridal essential. Natural diamonds are now repositioning as a rare and investment asset. 

Market comparison of lab-grown vs natural diamond: 

Forecast (2025–2035): From 2025 to 2035, experts forecast an aggregate value of $85.31 billion. (Fortune Business Insights)

Compared to mined stones, LGD’s price graph may reduce by up to 40%. The industry signaling specifically for Gen-Z consumers may capture 75% of the LGD market share. 

The women's jewelry market size is valued at approximately 283 billion USD. This segment now possesses a 74.98% share of the global market. 

Men’s jewelry is now projected to reach approximately $53.38 billion in 2026. (Polaris Market Research). With an estimated 7-8% growth, the men’s jewelry market emerged as one of the fastest-growing industries. (The Business of Fashion).

Forecast: Between 2025 and 2034, analysts forecast this sector will grow from $8.5 billion to $14.38 billion. (Fundamental Business Insights)

Top countries for men’s jewelry: 

The ranking is based on the latest revenue contribution reports: 

Market Forecast: Projected to reach USD 356 billion by 2030, growing at a 5.1%–5.3% CAGR. 

Buyer Persona: The married women and high-income women are the most frequent purchasers in 2025. 76% women prefer self-purchase rather than waiting for a valued gift jewelry item. (Source: Stellar Market Research)

Most loved jewelry types by women in 2025: 

1. Rings (34.8% Share): The highest value segment due to engagement, wedding, and the "stacking" trend. Est. Value: USD 131.3 Billion.

2. Necklaces ( 21.13% Share): Highly influenced by "layered chain" look and personalized pendants. Est. Value: USD 87.2 Billion.

3. Earrings (19% Share): Bold hoops and sculptural drops were the most popular in 2025. Est. Value: USD 71.7 Billion.

4. Bracelets & Cuffs (12% Share): The "cuff" revival trends and charm personalization are driving the market. Est. Value: USD 56.6 Billion. 

Top countries by women jewelry consumers in 2025: 

The global children’s jewelry market is valued between 286.15 billion and USD 381.54 billion. Surprisingly, the niche is growing at a GAGR of 5.8% to 6.2% (Verified Market Research). 

From 2025-2032, this market is anticipated to grow at a CAGR of 12.5%. (Data Horizon Research)

The unisex segment is valued at $8 billion in 2025. Unisex ornaments are showing an estimated CAGR of 8.00% by 2033 (HTF Market Insights).

Consumers are increasingly seeking gender-neutral pieces. 

The following countries are top-ranked according to global revenues, share, and their jewelry consumer data. 

China and India are leading this global jewelry hub with approximately $156.6 to $218.0 billion. The net regional market share range is calculated between 45% and 58% (Persistence Market Research).

Specifically, the lab-grown market and bridal demand established this region as the 2nd global jewelry hub. The net market share is accounted for at 22% – 25%. The estimated market value is $78.0 – $87.0 billion. (MMR statistics.)

Market estimates the U.S. jewelry market value at approximately $78-82 billion. This particular segment is estimated to grow at a CAGR of 4.1% from 2024 to 2030 (Grand View Research). 

Europe holds 19% – 20% market share, fueled by the strong positions of modern luxury jewelry (MMR statistics).

• By 2032, market estimates predict the German jewelry market to reach a valuation of approximately $5.53 billion. 

• Fine jewelry grabs 68% of the market. 

Offline retail represents 80% of the total market share. (Source: Vansa Intelligence)

During the 2025-2032 forecasting period, the market size is expected to expand from $8,751.2 to $13,707.0, along with a CAGR of 5.3%. 

Key takeaways: 

• Italy accounted for 2.4% of global revenue in this sector. 

• The ring is the largest growing sector.

• Necklaces, bracelets, and earrings are the most popular types. 

This region now represents 7% of the industry. The total market size is valued at $24 billion. Market research assumption indicates growth at a CAGR of 4.9% to 10.78%. The UAE emerged as a key player with a $1.24 billion jewelry industry. 

Moreover, with a 20% annual growth, the wedding ornament sector is the key catalyst in Saudi Arabia. (TechSci Research)

Latin America Jewelry Market Volume

• Latin America holds 3% share of the global jewelry market. 

• The region corresponds to a market value of $11.05 billion. 

• The net market worth is valued at $33.30 billion. 

• Brazil and Argentina are the two key players in this region. 

Ethical sourcing, the wedding market, and digital sales are now having a high impact on the jewelry purchase ratio. 

1. Based on recent data, the industry is estimated to be worth $377.45 billion in 2025. (Source: Mordor Intelligence)

2. Gold remains the top revenue-generating material. It alone accounted for 55% to 60% of the total market revenue. (Source: Fortune Business Insights)

3. Rings represent 33.8% to 35% of global sales, largely driven by the bridal and "stacking" jewelry market trends. (Source: Forgecraft)

4. The average American consumer is projected to spend $186.50 on jewelry. (Source: Forgecraft)

5. Consumers over the age of 50 represented the highest individual revenues in 2025. They contributed 48% of global expenditures in developed nations. (Source: S&A Jewellery Design)

6. Online jewelry sales are projected to reach USD 16.8 billion in the U.S. alone. This ratio represents 21.5% of its total retail sales. (Source: Carat Trade)

7. When purchasing jewelry, 78% of American consumers checked if the diamonds are ethically sourced. (Source: Carat Trade)

8. Smart Jewelry Rise: The global smart jewelry market hit USD 1.8 billion in 2025. (Source: Carat Trade)

9. Lab-grown diamonds are anticipated to capture nearly 50% share of the total diamond market by 2030. (Source: Carat Trade)

10. The Christmas & holiday season remains the peak sales period. 28% annual jewelry sales occur around key festival periods. 

Historically, festival seasons have always played the key role as catalysts in this sector. But economic and other cultural factors had a great influence on this industry. 

Households earning over USD 75,000 annually now account for 72% of all fine jewelry purchases in developed markets like the US. (Source: Carat Trade)

In emerging economies (India, China, SE Asia), a 1% increase in GDP per capita typically triggers a 1.5% to 2% increase in gold jewelry demand. 

The IMF reports global GDP per capita reaching USD 14,210 in 2025, providing consumers with stronger "discretionary buffers." 

Rising individual income (especially among working women) has driven the "Self-Gifting" segment. It now represents 35% of the total market share, a significant increase from 22% in 2020. (Source: Grand View Research)

India: 50% of ornament sales revenues come from the wedding season in India. In late 2025. The ornament economy experienced an 18.30% surge in gold exports. (GJEPC India)

China: Alongside jade and pearls, traditional designs are preferred over others. (Research and Markets)

North America & Europe: 35% of the global wedding ring segment is under this region. 45% couples now choose personalized, custom-made ornaments. (Business Research Insights)

Luxury jewelry is forecast to reach 59.06 billion in 2026, showing sustainable growth till 2034. Other luxury segments were facing a global slowdown, but this sector is growing at a CAGR of 8.83% (SkyQuest). 

Pieces valued at >$10,000 are now the top consumer choice, surpassing mid-range luxury jewelry (World Luxury Chamber).

Projected to reach USD 16.8B in the US alone, globally growing at a CAGR of 7.9%. 

Key industry statistics: 

• Online retail now accounts for 25% revenue of the entire industry. Plus, 67% shoppers utilized VTO before finalizing their purchase. 

• Moreover, advanced AI implementation drove a 30% increase in customer engagement. (Technavio) 

• In Europe, renowned brands experienced a 20% revenue surge through online channels. (Digital Commerce 360)

• The online engagement ring market alone is valued at $12.5 billion. (Carat Trade)

Apart from all the opportunities and growth, the industry also goes through some significant challenges. some of the most common challenges are described below:

Global gold jewelry demand by volume dropped by 15% year-over-year in Q3 2025. Consumers are physically buying fewer items but spending more per item due to the metal's cost. (Source: Discovery Alert)

Revenue Inflation (The Value Paradox): Despite a 15% drop in volume, the Market Value of jewelry sales surged 44% to $146 billion in the same quarter. This is because the price per ounce rose faster than the decline in consumer appetite. (Source: Discovery Alert)

Price Threshold Crossing: "Mid-Tier" jewelry now forced (traditionally $500–$1,000) into the "Premium Tier" ($1,500+). This shift caused a significant portion of the middle class to exit the gold market. (Source: United Precious Metal Refining)

Global Revenue Displacement: Counterfeiting is estimated to displace USD 1.1 trillion in legitimate economic activity across all sectors, with jewelry and luxury accessories losing an estimated USD 15–20 billion annually in potential sales. (Source: Corsearch)

Counterfeiting acts as a direct "leak" in the legitimate jewelry economy, siphoning billions from brand owners and governments.

• Tax Revenue Loss: Global governments are losing approximately USD 174 billion in sales tax and customs duties due to the illicit jewelry trade, as counterfeiters bypass legal manufacturing and shipping regulations. (Source: Corsearch)

• Confiscation Data (UAE Example): In the first quarter of 2024 alone, Dubai Customs confiscated 4.63 million counterfeit products, including luxury jewelry worth roughly USD 1.48 million, highlighting the scale of the regional threat. (MarkNtel Advisors)

Despite the growth, sustainable and ethical sourcing remains a major challenge for 2026. The impact of ethics is measurable through consumer choice and material shifts.

Compliance Costs: Approximately 35% of high jewelry brands are struggling to maintain 100% ethical compliance. (Source: Business Research Insights)

Climate Vulnerability: Rising ocean temperatures and alarmingly declining oyster health have caused a 50% year-on-year price surge for high-quality pearls due to (Source: Colorful Socks )

The "Conscious Choice" Majority: Approximately 78% of US consumers now consider ethical sourcing a primary factor in their jewelry purchases, a massive jump from 52% in 2020. (Source: Carat Trade)

Recycled Metal Loyalty: Jewelry brands that utilize 100% recycled gold and silver report 24% higher customer loyalty rates than traditional counterparts. (Source: Carat Trade)

Supply Chain Transparency: Roughly 73% of luxury buyers now explicitly request supply chain transparency information (provenance) before completing a high-value transaction. (Source: Carat Trade)

The Lab-Grown Surge: Lab-grown diamonds, valued for their ethical and environmental appeal, have reached a global valuation of USD 12.8 billion in 2025, now accounting for 31% of all engagement ring sales. 

The top jewelry brands currently command approximately 53% of the global market value. (Business Research Insights) 

Meanwhile, global luxury maisons like Cartier and Bulgari are outperforming in the watch segment. ( WatchPro USA)

Our intensive jewelry market research identified the 5 leading companies who are currently shaping the global jewelry sector: 

1. Lao Feng Xiang (China): Captures a massive 24K gold market share. Currently exhibiting 12% YoY revenue increase. (PitchBook, 2025)

2. Tanishq/Titan (India): This largest ring market tycoon in India accounts for 35% of annual revenue. (Titan Co. Nov 2024/25 Festive Sales Report)

3. Malabar Gold & Diamonds (India/Middle East): Leveraging a tax-efficient supply, while performing as the largest manufacturing retailer. (Fortune Business Insights, 2025)

4. Blue Nile (USA/Signet): This brand is now driving the pricing floor of the North American ring market. (signet jewellers)

5. Graff (UK/Europe): Graff’s estimated Revenue per Square Foot of $15,000. Their in-house collection often featured stones worth over 1 million each. (Deloitte Luxury Report, 2025)

In 2026, the global jewelry market was valued at approximately USD 377 billion to USD 390 billion. Five critical emerging jewelry market trends drive a big portion of sales. These drivers are fundamentally changing consumer segments and purchase channels.

Demand for ethically sourced gold and diamonds has risen by 54%. Approximately 62% of global consumers now prefer ethically sourced and certified gold. 

This trend is fueling the growth of the "Circular Economy," with recycled metals (gold, silver, platinum) becoming industry standards. Brands like LVMH have launched lines where 40% of the collection features recycled gold. 

The Personalized Jewelry Market growth exhibited a CAGR of 8.4%. Additionally, it will grow from USD 56.87 billion (2026) to USD 118 billion by 2035 at a CAGR of 8.4%. 

Personalization options (like bespoke engravings and birthstones) have been shown to drive an 88% conversion uplift in retail campaigns.

Custom services allow for 25% higher profit margins compared to standard ready-to-wear collections. 

The online jewelry market size is growing at a CAGR of 13.8%, far outpacing the 5% growth of traditional offline retail. (Dojo Business)

AI in retail is expected to be valued at USD 13.86 billion by 2026. Retailers using AI experience 5–15% annual revenue growth. (Coherent Market Insights)

Virtual try-on leading to a 55% increase in adoption rates for digital jewelry tools (Technavio & Coherent Market Insights)

LGDs have transitioned from "affordable alternatives" to "culturally accepted defaults. (pnjp)

• Adoption Data: In the U.S., a lab-grown diamond was present in 45.3% of all engagement rings sold in 2024. (skyquest)

• Market Share: LGDs now account for roughly 17–25% of all diamond jewelry demand. In the US, this reaches as high as 50% of diamond sales volume. (Global Growth Insights)

Industry research suggests the net global market value of this industry is more than 365.9 billion. During the 2025-2033 forecast period, the sector is expected to exhibit a growth rate of 5%. (IMARC Group)

Global analysts forecast it to potentially double in value over the next ten years.

• Projected Valuation: By 2033, the market is expected to reach $578.45 billion to $580.7 billion. (IMARC Group)

• Growth: The market is poised to expand at a CAGR of 5.10% to 5.3% during this period. (Renub Research)

• Conservative Outlook: Even more conservative estimates a steady 4.6% annual increase. Cautious forecasts show the value may reach $534.17 billion. (SkyQuest)

A few specific niches are outperforming the baseline growth.

• Sustainable & Lab-Grown: This segment is experiencing a 18% growth rate. Furthermore, lab-grown diamonds are projected to capture 50% of the total diamond market share by 2030. (Source: JewelHub)

• Personalized Jewelry: Driven by Gen Z's demand for identity, this segment is growing at 20% annually. Lifting the market size to approximately £68 billion by late 2026. 

• Online Retail: E-commerce sales are set to grow at a CAGR of 7.9%. This growth rate even exceeds the 5% growth of physical stores. 

The "Geographic Center of Gravity" continues to pivot toward the East and the Global South.

• Asia-Pacific: This dominant region accounts for 58.5% of incremental market expansion. Experts assume signaling with a projected value increase of $121.4 billion by 2030. (Technavio)

• Middle East & Africa: Analysts link the CAGR of 7.19% to high gold consumption in the UAE and Saudi Arabia. 

• North America: Despite its maturity, the U.S. remains the highest individual consumption force. The U.S. represents 25% of global revenue in this sector. ($78 billion in 2025).

The global jewelry market size is expected to grow faster than in the previous era. Digital sales, income growth, and trends will exert greater influence on consumers. As the jewelry industry transitions toward an ethical and personalized model, this report serves as a vital indicator for sustainable planning.