Luxury Jewelry Industry Outlook: Growth Drivers and Regional Highlights 2025-2032

Luxury Jewelry Market size is expected to reach USD 101.49 billion by 2032. The industry is undergoing a transformation driven by increasing demand for durable, high-performance industrial components across various sectors.

Market to Hit USD 101.49 Bn by 2032

Luxury Jewelry Market size was valued at USD 55.24 billion in 2024 and expected to expand at a compound annual growth rate (CAGR) of 7.9% from 2025-2032, reaching USD 101.49 billion by 2032. In 2024, Luxury Jewelry Market Size was valued at approximately USD 13.9 billion in North America and its Market share of 25.3%. Also, in Europe held a market share of 7.2% in the same year, equating to revenues of USD 4 billion in 2024.

Leading market Players Fueling Industry Evolution

In 2024, the Tiffany & Co. (USA) is valued at approximately USD 3 billion while Harry Winston Inc. (USA) is valued at USD 274 million and Chopard International SA (Switzerland) is valued at USD 100 million respectively. The market is highly competitive, and Tiffany & Co. is the clear leader among these brands in terms of market value. 

Women is dominated by Application segment in terms of value, in 2024

The women’s segment dominates the luxury jewelry market, driving growth with the highest revenue share from 2025-2032. A rising trend of self-purchasing women, including 76% of industry respondents noting increased purchases, is reshaping the market. This shift is fueling new design innovations and further market expansion.

To know the most attractive segments, click here for a free sample of the report: https://www.stellarmr.com/report/req_sample/Luxury-Jewelry-Market/1835 

Ring is dominated by Product Type segment in terms of value, in 2024

The Ring segment dominates the luxury jewelry market which the segment value is valued at USD 24.1 billion holding a market share of 40% in 2024. The cultural and emotional significance of rings particularly engagement and wedding rings, which are essential to many life events and customs is partly responsible for their domination.

North America is estimated to be the Second-largest dominating region in terms of value, during the forecast period

This is the second largest region in luxury jewelry market which market valued at approximately USD 13.9 billion in North America and its Market share of 25.3% in 2024 driven by strong consumer demand, high disposable incomes, and the presence of well-established luxury jewelry brands.

Asia Pacific is estimated to be the largest dominating region in terms of value, during the forecast period

This is the largest region in luxury jewelry market which its Market share of 66% in 2024. This region is expected to drive significant growth due to the rising affluent consumer base, increasing disposable incomes, and a strong cultural affinity for fine jewelry in countries like China, India, and Japan.

Luxury Jewelry Market Competitive Landscape

Tiffany & Co. (USA): In 2024, Company valued at approximately USD 3 billion, continues to play a key role as one of the global leaders in the luxury jewelry market. Following its acquisition by LVMH, Tiffany has expanded its global reach, focusing on younger, affluent consumers and leveraging its brand heritage to launch innovative collections.

Harry Winston Inc. (USA): It’s valued at USD 274 million, remains a prestigious brand known for its luxury diamonds and high-end jewelry. The brand’s recent initiatives include expanding its presence in key markets like Asia, where demand for luxury jewelry is growing rapidly.

Chopard International SA (Switzerland): It’s valued at USD 100 million, is recognized for its craftsmanship and timeless designs. Chopard’s involvement in major events like the Cannes Film Festival has helped bolster its global visibility and maintain its reputation for luxury and elegance. 

To know the most attractive segments, click here for a free sample of the report: https://www.stellarmr.com/report/req_sample/Luxury-Jewelry-Market/1835 

Emerging Trends in the Luxury Jewelry Market

• In order to market to younger, more ecologically sensitive customers, Tiffany & Co. has adopted lab-grown diamonds and eco-friendly procedures. In order to meet the need for individualized luxury, Harry Winston keeps concentrating on producing exclusive, limited-edition collections and growing its footprint in rapidly developing areas like Asia. 
• In keeping with the general market trend of mindful consumption, Chopard, which is well-known for its ethical gold sourcing through the Fair mined project, is also making additional investments in high-end watch collections and sustainable luxury. 
• In order to appeal to tech-savvy customers and improve accessibility and engagement, all three businesses are also embracing digital transformation by incorporating virtual try-ons and online platforms. 

Conclusion

• The luxury jewelry market is set for significant growth, with a projected CAGR of 7.9%, reaching USD 101.49 billion by 2032. 
• Driven by women’s purchasing power and cultural significance, the market is shifting towards personalized, sustainable, and high-performance products. 
• Leading brands like Tiffany & Co., Harry Winston, and Chopard are embracing lab-grown diamonds, exclusive collections, and ethical sourcing. 
• Asia Pacific and North America remain key regions, while trends like digital transformation and sustainability reshape the industry. The future will depend on brands’ ability to balance luxury with responsibility, catering to younger, tech-savvy consumers while preserving tradition.

Related Reports:

Epichlorohydrin Market https://www.stellarmr.com/report/epichlorohydrin-market/2390

Nutrigenomics Market https://www.stellarmr.com/report/nutrigenomics-market/2392

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Stellar Market Research:

S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
[email protected]