Despite its long history, jewelry never goes out of style. Jewelry has played a significant role in human culture from the time of the ancient Egyptians to the present day. The jewelry industry constantly evolves alongside technological developments, with new materials and styles being introduced year.
Size, regional breakdowns of market share, and future growth estimates are topics we’ll cover in this piece about the worldwide jewelry industry. The worldwide jewelry market is broken down into numerous sub-markets, and we intend to investigate the state of each one individually.
Finally, we’ll examine major countries like India and the United States, whose enormous consumer base for fine jewelry products significantly influences the real market dynamics.
By 2025, the estimated value of the global jewelry market is $480.5 billion
This number demonstrates the jewelry industry’s promising future and highlights the lucrative nature of this sector. This forecast of the industry’s trajectory and potential is invaluable for those considering a career in the jewelry business. This number is a poignant reminder of the jewelry industry’s enormous potential and the opportunities it presents to investors.
The Asia-Pacific area is the most lucrative market for jewelry in the world
This figure demonstrates the vast growth potential of the Asia-Pacific area in the jewelry market. This shows the importance of the region to the global economy and why companies should consider establishing themselves there. In addition, it serves as a timely reminder that the jewelry industry is prosperous with several profit-making possibilities.
The US stands as one of the world’s biggest jewelry markets
Twenty percent of the world’s jewelry market is generated in the United States alone.
This figure demonstrates how significant the United States is as a market for jewelry. This shows the importance of the United States to the global market and its market share. This is crucial data for anyone interested in the jewelry market since it reveals essential details about the sector’s current size, scope, and prospects. Read here to learn more about handcrafted jewelry supplies in the US.
The annual growth rate of online jewelry sales is predicted to be 19.9%
Online jewelry sales are projected to double-digit growth each year, further demonstrating the industry’s upward trajectory. This trend demonstrates the industry’s success and the growing popularity of buying jewelry online. This is a significant number to consider when discussing the jewelry market, as it demonstrates the industry’s expansion and the growing popularity of online jewelry retailers.
By 2025, the market for costume jewelry is expected to be worth USD 39.2 billion
This number demonstrates the enormous potential of the market for costume jewelry, which bodes well for the success and growth of this business. It’s a fascinating look at the evolution of the jewelry business and a must-read for anyone with even a passing fascination with the field. It also serves as a useful reminder of the value of keeping abreast of advances in one’s field.
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During 2021–2026, the market for high-end jewelry is anticipated to expand at a CAGR of 4.4%
That the luxury jewelry industry will continue to expand steadily over the next five years is supported by this fact. This is vital data for anyone considering a career in the jewelry business, as it shows the industry’s prospects. It can also help guide company choices like marketing and investment strategies.
Forecasts indicate that the fine jewelry industry will expand at a CAGR of about 6% between 2020 and 2024.
This forecast of stable growth in the jewelry business over the next four years is a fascinating glimpse into the sector’s future. This is fantastic news for the jewelry business as a whole since it portends more profitability and new prospects soon. In addition, this number can be utilized as a window into the sector’s future to guide choices about investments, marketing, and new product development.
The value of fine jewelry imported into the US by the US in 2019 was $24.4 billion
This number demonstrates how widely purchased fine jewelry is in the United States. This is indicative of the growing jewelry sector and the willingness of Americans to invest in high-quality pieces. The industry’s enormous impact on the US economy and significance to the country’s bottom line further indicates its significance.
In 2018, the total value of the worldwide jewelry market was estimated at $278.5 billion
This number reflects the huge scale of the jewelry business and the boundless opportunities for development and prosperity. It’s a useful reminder of the massive size of the jewelry industry and the opportunity it affords entrepreneurs.
Forecasts put the value of the smart jewelry market at $6.4 billion by 2025
This figure indicates the potential of the jewelry business, suggesting that the global market for smart jewelry will expand rapidly over the next few years. It indicates the industry is growing, which is good news for those looking to cash in on the upswing. Insightful judgments on investments and strategies can be informed by this statistic, which is of importance to anyone with an interest in the jewelry sector.
By 2025, the value of India’s jewelry market might reach INR 10,042 billion
This number attests to India’s potential as a global jewelry powerhouse, proving the country’s massive jewelry market. By 2025, the Indian jewelry market is expected to reach a value of INR 10,042 billion, making it one of the country’s most valuable industries. This number is a window into the potential of the Indian jewelry market and the future of the jewelry industry as a whole.
In 2019, 78.3 percent of all jewelry sales were made out of gold
This figure sheds light on the condition of the jewelry market as a whole. This data demonstrates that gold is the most preferred and widely purchased metal for jewelry. In light of this, it’s clear that jewelers should prioritize creating pieces that feature gold. Jewelry manufacturers can also utilize this data to understand market demand better and adjust their production accordingly.
By 2020, over 30% of all jewelry purchases were made online
This figure highlights the significance of Internet marketplaces in the jewelry business. This demonstrates the ever-increasing popularity of online jewelry stores, a development that is certain to continue. Insight into the jewelry industry’s current situation and future trajectory can be gained from this statistic, making it essential reading for anybody with even a passing interest in the sector.
Only about 29 countries account for roughly 98% of retail sales of diamond jewelry worldwide
The magnitude of the 29 most important markets’ impact on retail sales of diamond jewelry around the world is highlighted by this data. It sheds light on the dynamics of the jewelry business and demonstrates how important these markets are to the sector’s success.
Ninety-five percent of brides-to-be are presented with a diamond in the United States
This data shows that diamond engagement rings are popular among American couples. This indicates the thriving jewelry market in the United States and the continued importance of diamond rings for proposals. This number is a great barometer of the jewelry market and an informative snapshot of the industry’s current state.
Rough diamonds are mined at a rate of about 90 million carats per year, and gold at a rate of about 128,000 kilos per year
This number demonstrates how massive the jewelry market is. It’s a stark reminder of how much effort and material goes into making the jewelry we covet. It’s a timely reminder that the jewelry business must prioritize ethical and environmentally responsible practices when acquiring materials.
By 2025, the male jewelry industry is expected to grow from 16 to 19 percent of the market
Market share for men’s jewelry is projected to increase over the next five years, indicating a rising trend in the jewelry sector. This trend may indicate a change in consumer tastes since more males are starting to wear jewelry. It could also indicate that more stores are carrying jewelry aimed towards male clients, which would be a positive development. This number is crucial when analyzing the jewelry market since it shows how the business has evolved.
By 2024, it is projected that the market for customized jewelry will have expanded by more than 6% annually
This number attests to the potential of the custom jewelry industry, suggesting that it will expand rapidly in the next years. This is crucial knowledge for anyone interested in the jewelry business since it indicates that the field will continue to be fruitful for the foreseeable future.
The market for pearl jewelry is expected to grow at a CAGR of 13% between 2019 and 2025
If this trend continues, the future of the pearl jewelry industry seems bright. It demonstrates that the market for this industry is projected to expand significantly, which bodes well for the prospects of companies operating in this space. Investors and those currently active in the market may find this a fantastic opportunity. This number also has practical applications for marketing, product creation, and other areas of business strategy. Therefore, it’s a must-have for everyone with even a passing interest in the Jewelry Business.
The percentage of synthetic diamonds sold in the United States rose from 3.9 percent in 2018 to 40.9 percent this year
This number indicates the rising demand for synthetic diamonds in the United States. This trend indicates that lab-created diamonds are becoming an increasingly popular alternative to mined diamonds, which may have far-reaching consequences for the diamond trade. If demand continues to rise, jewelry stores may need to increase their supply of lab-created diamonds to keep up.