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Fashion · Report

Jewelry Industry Statistics

The jewelry market is growing, led by diamonds, labstones, and e-commerce.

Jewelry is having a standout moment: the global jewelry market was valued at USD 353.26 billion in 2023 and is projected to climb to USD 482.22 billion by 2030, with growth fueled by everything from rising diamond demand and lab grown adoption to faster expanding segments like costume jewelry, engagement rings, and even jewelry boxes.

Florian FelsingWritten byFlorian FelsingCTO, Rawshot.ai
UpdatedApril 19, 2026Read14 minSources50 verified

Executive Summary

Key Takeaways

Research reviewed

The jewelry market is growing, led by diamonds, labstones, and e-commerce.

  • The global jewelry market was valued at USD 353.26 billion in 2023

  • The global jewelry market is expected to reach USD 482.22 billion by 2030

  • The global jewelry market is projected to grow at a CAGR of 4.7% from 2024 to 2030

  • U.S. jewelry store sales were $33.1 billion in 2023

  • U.S. jewelry store sales were $35.1 billion in 2022

  • U.S. jewelry and watch store sales totaled $3.01 billion in December 2024

  • Global gold jewelry demand was 2,093.1 tonnes in 2023

  • Global gold jewelry demand was 2,189.8 tonnes in 2022

  • Gold jewelry demand in India was 562.3 tonnes in 2023

  • Necklaces accounted for the largest revenue share of over 31.0% in the global jewelry market in 2023

  • Gold jewelry accounted for the largest revenue share of over 54.0% in 2023

  • Women accounted for a revenue share of over 56.0% in the global jewelry market in 2023

  • Asia Pacific accounted for the largest revenue share of over 62.0% in the global jewelry market in 2023

  • North America is expected to grow at a CAGR of 4.1% in the jewelry market from 2024 to 2030

  • The U.S. imported $76.2 billion of jewelry, precious stones, and metals in 2023

Section 01

Corporate Performance & Sustainability

  1. De Beers rough diamond sales revenue was $3.58 billion in 2023 [1]

  2. De Beers underlying EBITDA was $72 million in 2023 [1]

  3. Pandora sourced 100% recycled silver and gold for its jewelry from 2024 [2]

  4. Pandora says using recycled silver cuts carbon emissions by about 66% compared with mined silver [2]

  5. Pandora says using recycled gold cuts carbon emissions by about 99% compared with newly mined gold [2]

  6. Signet Jewelers sources over 99% of its gold from recycled sources [3]

  7. Signet Jewelers sources 100% of its diamonds through suppliers warranting compliance with the Kimberley Process [3]

  8. Brilliant Earth reported net sales of $422.2 million in 2023 [4]

  9. Brilliant Earth’s average order value was $2,362 in 2023 [4]

  10. Brilliant Earth’s net income was $4.5 million in 2023 [4]

  11. Richemont jewelry maisons sales were €14.2 billion in FY2024 [5]

  12. Richemont jewelry maisons posted 8% sales growth at actual exchange rates in FY2024 [5]

  13. LVMH Watches & Jewelry revenue was €10.58 billion in 2024 [6]

  14. LVMH Watches & Jewelry organic revenue growth was 3% in 2024 [6]

  15. Chow Tai Fook same store sales in Mainland China declined 19.4% in Q3 FY2025 [7]

  16. Chow Tai Fook same store sales in Hong Kong, Macau and other markets declined 17.0% in Q3 FY2025 [7]

  17. Chow Tai Fook had 7,034 points of sale as of 31 December 2024 [7]

  18. Pandora’s organic growth guidance for 2025 is 7% to 8% [8]

  19. Pandora targets EBIT margin of around 24% in 2026 [8]

  20. Pandora targets revenue of DKK 34-35 billion in 2026 [8]

  21. Swarovski created 18.7 million lab-grown diamonds in 2023 [9]

  22. Swarovski reduced scope 1 and 2 greenhouse gas emissions by 46% versus 2019 by 2023 [9]

  23. Swarovski achieved 90% renewable electricity in 2023 [9]

  24. Cartier parent Richemont employed 40,336 people in FY2024 [5]

  25. Signet Jewelers returned $616.8 million to shareholders in fiscal 2024 [10]

  26. Signet Jewelers generated operating cash flow of $734.2 million in fiscal 2024 [10]

  27. De Beers rough diamond production fell 8% to 31.9 million carats in 2023 [1]

Section 02

Market Size & Forecast

  1. The global jewelry market was valued at USD 353.26 billion in 2023 [11]

  2. The global jewelry market is expected to reach USD 482.22 billion by 2030 [11]

  3. The global jewelry market is projected to grow at a CAGR of 4.7% from 2024 to 2030 [11]

  4. The global jewelry market size was estimated at USD 340.69 billion in 2022 [11]

  5. The global jewelry market size was valued at USD 340.69 billion in 2022 [11]

  6. The global costume jewelry market size was valued at USD 39.25 billion in 2024 [12]

  7. The costume jewelry market is projected to grow from USD 41.10 billion in 2025 to USD 79.98 billion by 2032 [12]

  8. The costume jewelry market is expected to exhibit a CAGR of 9.95% during the forecast period [12]

  9. The global diamond jewelry market size was valued at USD 353.26 billion in 2023 [13]

  10. The global diamond jewelry market is projected to reach USD 579.08 billion by 2034 [13]

  11. The diamond jewelry market is expanding at a CAGR of 4.6% from 2024 to 2034 [13]

  12. The global jewelry boxes market size was estimated at USD 174.8 million in 2024 [14]

  13. The jewelry boxes market is expected to grow at a CAGR of 7.0% from 2025 to 2030 [14]

  14. The global jewelry boxes market is expected to reach USD 263.0 million by 2030 [14]

  15. The lab-grown diamonds market size was estimated at USD 26.02 billion in 2024 [15]

  16. The lab-grown diamonds market is expected to grow at a CAGR of 9.6% from 2025 to 2030 [15]

  17. The lab-grown diamonds market is expected to reach USD 45.56 billion by 2030 [15]

  18. The global engagement ring market size was valued at USD 87.07 billion in 2024 [16]

  19. The engagement ring market is expected to grow at a CAGR of 5.9% from 2025 to 2030 [16]

  20. The global engagement ring market is expected to reach USD 123.38 billion by 2030 [16]

  21. The global jewelry stores market size was valued at USD 312.87 billion in 2023 [17]

  22. The jewelry stores market size is expected to grow to USD 343.54 billion in 2024 [17]

  23. The jewelry stores market is expected to reach USD 472.54 billion in 2028 [17]

  24. The jewelry stores market is expected to grow at a CAGR of 8.3% from 2024 to 2028 [17]

  25. The global jewelry market was worth around USD 270 billion in 2022 [18]

  26. Worldwide revenue in the jewelry market is projected to amount to US$310.90 billion in 2025 [19]

  27. The jewelry market is expected to show an annual growth rate of 4.33% CAGR 2025-2029 [19]

  28. The volume in the jewelry market is expected to amount to 1.9 billion pieces by 2029 [19]

  29. The average volume per person in the jewelry market is expected to amount to 0.2 pieces in 2025 [19]

  30. The global jewelry market volume is expected to amount to 1.6 billion pieces in 2025 [19]

Section 03

Materials & Production

  1. Global gold jewelry demand was 2,093.1 tonnes in 2023 [20]

  2. Global gold jewelry demand was 2,189.8 tonnes in 2022 [20]

  3. Gold jewelry demand in India was 562.3 tonnes in 2023 [20]

  4. Gold jewelry demand in China was 630.0 tonnes in 2023 [20]

  5. Gold jewelry demand in the Middle East and Turkey was 241.1 tonnes in 2023 [20]

  6. Global silver jewelry demand reached 208.7 million ounces in 2023 [21]

  7. Silver jewelry fabrication rose 3% in 2023 [21]

  8. India’s silver jewelry demand climbed 16% in 2023 [21]

  9. Global platinum jewelry demand was 1,915 koz in 2023 [22]

  10. Global platinum jewelry demand is forecast at 1,978 koz in 2024 [22]

  11. India platinum jewelry demand grew 53% year-on-year in 2023 [22]

  12. Global rough diamond production was 111.5 million carats in 2023 [23]

  13. Global rough diamond production value was $12.7 billion in 2023 [23]

  14. Botswana produced 25.1 million carats of rough diamonds in 2023 [23]

  15. Russia produced 37.3 million carats of rough diamonds in 2023 [23]

  16. Canada produced 16.0 million carats of rough diamonds in 2023 [23]

  17. Angola produced 9.8 million carats of rough diamonds in 2023 [23]

  18. The average price of rough diamonds was $114 per carat in 2023 [23]

  19. Global mine production of diamonds decreased by 8% in 2023 [24]

  20. World pearl production totaled 1,635 metric tons in 2022 [25]

  21. Japan produced 20 metric tons of pearls in 2022 [25]

  22. China produced 1,500 metric tons of pearls in 2022 [25]

  23. Australia produced 12 metric tons of pearls in 2022 [25]

  24. Global recycled gold supply was 1,237 tonnes in 2023 [20]

  25. Gold used in technology was 297.8 tonnes in 2023 [20]

  26. The global gem and jewelry market in India was valued at $78.5 billion in 2023 [26]

  27. India’s gems and jewelry exports reached $32.85 billion in FY24 [26]

  28. India accounted for 29% of global jewelry consumption in 2023 [26]

  29. India is the world’s largest cutting and polishing center for diamonds, processing 90% of the world’s diamonds by volume [26]

  30. India contributes 19% of the world’s total gold jewelry consumption [26]

Section 04

Product Segments & Consumer Trends

  1. Necklaces accounted for the largest revenue share of over 31.0% in the global jewelry market in 2023 [11]

  2. Gold jewelry accounted for the largest revenue share of over 54.0% in 2023 [11]

  3. Women accounted for a revenue share of over 56.0% in the global jewelry market in 2023 [11]

  4. Offline distribution accounted for a revenue share of over 79.0% in the global jewelry market in 2023 [11]

  5. Rings are projected to grow at a CAGR of 5.0% from 2024 to 2030 in the global jewelry market [11]

  6. Men’s jewelry is expected to grow at a CAGR of 5.2% from 2024 to 2030 [11]

  7. Online distribution in jewelry is expected to grow at a CAGR of 5.8% from 2024 to 2030 [11]

  8. Bridal jewelry accounted for 25% of the global jewelry market in 2022 [27]

  9. Daily wear jewelry accounted for 35% of the global jewelry market in 2022 [27]

  10. Men’s jewelry market share globally was 40% in 2022 [28]

  11. Women’s jewelry market share globally was 60% in 2022 [28]

  12. Gold jewelry held 55% of the global jewelry market by material in 2022 [29]

  13. Diamond jewelry held 30% of the global jewelry market by material in 2022 [29]

  14. Platinum jewelry held 10% of the global jewelry market by material in 2022 [29]

  15. Other materials accounted for 5% of the global jewelry market by material in 2022 [29]

  16. In the U.S., 30% of jewelry sales are made during the holiday season [30]

  17. 52% of engagement ring center stones sold by The Knot jewelers in 2023 were lab-grown diamonds [31]

  18. The average cost of an engagement ring in the U.S. was $5,500 in 2024 [31]

  19. 31% of proposers in 2024 helped design the engagement ring together with their partner [31]

  20. 37% of proposers purchased their engagement ring online in 2024 [31]

  21. 72% of engagement rings featured a round-cut center stone in 2024 [31]

  22. The average center stone size for engagement rings was 1.7 carats in 2024 [31]

  23. 62% of couples financed their engagement ring purchase in 2024 [31]

  24. 58% of couples purchased wedding bands from the same retailer as the engagement ring in 2024 [31]

  25. Lab-grown diamonds accounted for 46% of center stones in engagement rings in 2024 [32]

  26. The average cost of a wedding band for women was $1,100 in 2024 [31]

  27. The average cost of a wedding band for men was $510 in 2024 [31]

  28. Jewelry and watches accounted for 22% of personal luxury goods sales in 2023 [33]

  29. The luxury jewelry market share of branded players rose from 20% in 2019 to 25% in 2023 [34]

Section 05

Regional Markets & Trade

  1. Asia Pacific accounted for the largest revenue share of over 62.0% in the global jewelry market in 2023 [11]

  2. North America is expected to grow at a CAGR of 4.1% in the jewelry market from 2024 to 2030 [11]

  3. The U.S. imported $76.2 billion of jewelry, precious stones, and metals in 2023 [35]

  4. Switzerland exported 16.6 billion Swiss francs worth of jewelry and gemstones in 2023 [36]

  5. Swiss watch and jewelry exports rose 7.6% to CHF 30.6 billion in 2023 [36]

  6. India’s gems and jewelry exports to the U.S. were $10.48 billion in FY24 [26]

  7. India’s gems and jewelry exports to Hong Kong were $4.62 billion in FY24 [26]

  8. India’s gems and jewelry exports to UAE were $6.53 billion in FY24 [26]

  9. India’s gems and jewelry exports to Belgium were $2.70 billion in FY24 [26]

  10. India’s plain gold jewelry exports were $8.82 billion in FY24 [26]

  11. India’s cut and polished diamonds exports were $13.29 billion in FY24 [26]

  12. India’s polished lab-grown diamonds exports were $1.70 billion in FY24 [26]

  13. China’s jewelry market revenue is projected to amount to US$120.70 billion in 2025 [37]

  14. China’s jewelry market is expected to show an annual growth rate of 4.67% CAGR 2025-2029 [37]

  15. India’s jewelry market revenue is projected to amount to US$94.22 billion in 2025 [38]

  16. India’s jewelry market is expected to show an annual growth rate of 4.81% CAGR 2025-2029 [38]

  17. The U.S. jewelry market revenue is projected to amount to US$73.32 billion in 2025 [39]

  18. The U.S. jewelry market is expected to show an annual growth rate of 3.13% CAGR 2025-2029 [39]

  19. The UK jewelry market revenue is projected to amount to US$8.19 billion in 2025 [40]

  20. The UK jewelry market is expected to show an annual growth rate of 2.02% CAGR 2025-2029 [40]

  21. France’s jewelry market revenue is projected to amount to US$5.77 billion in 2025 [41]

  22. France’s jewelry market is expected to show an annual growth rate of 0.95% CAGR 2025-2029 [41]

  23. Italy’s jewelry market revenue is projected to amount to US$4.27 billion in 2025 [42]

  24. Italy’s jewelry market is expected to show an annual growth rate of 0.72% CAGR 2025-2029 [42]

  25. Japan’s jewelry market revenue is projected to amount to US$11.36 billion in 2025 [43]

  26. Japan’s jewelry market is expected to show an annual growth rate of 2.15% CAGR 2025-2029 [43]

  27. Germany’s jewelry market revenue is projected to amount to US$5.68 billion in 2025 [44]

  28. Germany’s jewelry market is expected to show an annual growth rate of 0.71% CAGR 2025-2029 [44]

Section 06

Retail & Sales

  1. U.S. jewelry store sales were $33.1 billion in 2023 [45]

  2. U.S. jewelry store sales were $35.1 billion in 2022 [45]

  3. U.S. jewelry and watch store sales totaled $3.01 billion in December 2024 [46]

  4. U.S. jewelry and watch store sales totaled $2.55 billion in November 2024 [46]

  5. U.S. jewelry and watch store sales totaled $2.24 billion in October 2024 [46]

  6. U.S. jewelry and watch store sales totaled $2.12 billion in September 2024 [46]

  7. U.S. jewelry and watch store sales totaled $2.10 billion in August 2024 [46]

  8. U.S. jewelry and watch store sales totaled $2.08 billion in July 2024 [46]

  9. U.S. jewelry and watch store sales totaled $2.05 billion in June 2024 [46]

  10. U.S. jewelry and watch store sales totaled $2.12 billion in May 2024 [46]

  11. U.S. jewelry and watch store sales totaled $2.09 billion in April 2024 [46]

  12. U.S. jewelry and watch store sales totaled $2.08 billion in March 2024 [46]

  13. U.S. jewelry and watch store sales totaled $2.05 billion in February 2024 [46]

  14. U.S. jewelry and watch store sales totaled $2.16 billion in January 2024 [46]

  15. U.S. jewelry and watch store e-commerce sales were $8.3 billion in 2023 [47]

  16. Online jewelry sales accounted for 22.8% of total U.S. jewelry sales in 2023 [47]

  17. The United States accounted for 31% of the global jewelry market in 2022 [18]

  18. There were 16,675 jewelry stores in the U.S. in 2024 [48]

  19. The number of jewelry stores in the U.S. declined by 0.7% in 2024 [48]

  20. The U.S. jewelry stores industry employed 78,692 people in 2024 [48]

  21. The U.S. jewelry stores industry market size was $44.2 billion in 2024 [48]

  22. Jewelry and watch stores in Canada generated 4.1 billion Canadian dollars in retail sales in 2023 [49]

  23. Jewelry and watch store sales in Canada were 3.9 billion Canadian dollars in 2022 [49]

  24. U.K. retail sales of watches and jewelry reached 5.88 billion British pounds in 2023 [50]

  25. U.K. retail sales of watches and jewelry were 5.27 billion British pounds in 2022 [50]

  26. Pandora’s revenue amounted to DKK 31.7 billion in 2024 [8]

  27. Pandora delivered 13% organic growth in Q4 2024 [8]

  28. Tiffany & Co. generated net sales of €5.15 billion in FY 2024 [6]

  29. Signet Jewelers reported sales of $7.17 billion for fiscal 2024 [10]

  30. Signet Jewelers’ same store sales declined 9.6% in fiscal 2024 [10]

References

Footnotes

  1. 1
    angloamerican.com
    angloamerican.com
  2. 2
    pandoragroup.com
    pandoragroup.com
  3. 3
    signetjewelers.com
    signetjewelers.com×2
  4. 4
    investors.brilliantearth.com
    investors.brilliantearth.com
  5. 5
    richemont.com
    richemont.com
  6. 6
    lvmh.com
    lvmh.com
  7. 7
    ctfjewellerygroup.com
    ctfjewellerygroup.com
  8. 8
    investors.pandoragroup.com
    investors.pandoragroup.com
  9. 9
    swarovskigroup.com
    swarovskigroup.com
  10. 11
    grandviewresearch.com
    grandviewresearch.com×4
  11. 12
    fortunebusinessinsights.com
    fortunebusinessinsights.com
  12. 13
    precedenceresearch.com
    precedenceresearch.com
  13. 17
    thebusinessresearchcompany.com
    thebusinessresearchcompany.com
  14. 18
    statista.com
    statista.com×18
  15. 20
    gold.org
    gold.org
  16. 21
    silverinstitute.org
    silverinstitute.org
  17. 22
    platinuminvestment.com
    platinuminvestment.com
  18. 23
    kimberleyprocess.com
    kimberleyprocess.com
  19. 25
    fao.org
    fao.org
  20. 26
    ibef.org
    ibef.org
  21. 30
    nationaljeweler.com
    nationaljeweler.com
  22. 31
    theknot.com
    theknot.com
  23. 32
    weddingwire.com
    weddingwire.com
  24. 34
    bain.com
    bain.com
  25. 35
    ustr.gov
    ustr.gov
  26. 36
    gjepc.org
    gjepc.org
  27. 46
    census.gov
    census.gov
  28. 47
    digitalcommerce360.com
    digitalcommerce360.com
  29. 48
    ibisworld.com
    ibisworld.com

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