Global Jewellery Market Report and Forecast 2026-2032

Jewellery Market Insights & Analysis

The Global Jewellery Market reached a value of nearly USD 532.37 billion in 2025. The market is assessed to grow at a CAGR of around 5.46%, during the forecast period of 2026-2032 to attain a value of around USD 732.4 billion in 2032. The industry is compelled by increasing customer affluence, emerging fashion trends, and rising digitalization across the retail sector.

Moreover, the growing spending power of the middle class, specifically in evolving economies, is also driving the Jewellery Market. Also, the demand for pieces of jewellery such as fashion, bridal, and custom-made ornaments is increasing rapidly, with jewellery retailers presenting innovative collections to appeal to modern consumers. Furthermore, the surge of lab-grown diamonds has brought a sustainable & decent dimension to the industry, influenced by environmentally aware customers globally.

Global Jewellery Market FY32

• Study Period: 2020- 2032


• Base Year: 2024


• CAGR(2026-2032): 5.46%


• Market Value 2032: USD 732.4 Billion


• Fastest Growing Market: Asia-Pacific


• Major Players: Isharya, Swarovski Group, Romoch, Pooja Jewels, SIA Jewellery, Avon Products, Inc. (Avon), Sukkhi Fashion Jewellery, Peora Fashion Private Limited, Kushal's, Tanishq, Pipa Bella, and Others. 

Additionally, customers are progressively favoring convenient online shopping experiences. Also, digital platforms & e-commerce have assisted seamless customization & virtual try-ons, further driving jewellery purchases across the global landscape. Particularly, among all the regions worldwide, the Asia-Pacific region remains a powerhouse owing to cultural preferences, gold investments, and festive buying, contributing substantially to the Jewellery Market growth.

Jewellery brands, including Signet Jewelers, Tanishq, and Swarovski, are benefitting from omnichannel strategies, while start-ups & D2C platforms are disturbing traditional models. Also, with the rising prevalence of fusion & designer jewellery among Gen Z & millennials, the Jewellery Industry is projected to evolve swiftly.

Besides, the Jewellery Market is anticipated to reach new heights by 2032, strengthened by technological incorporation, sustainable materials, including lab-grown diamonds, and growing demand from developed & developing regions. Also, primary aspects, including expanding urbanization, enhanced market share of online companies, & constant product innovation would aid in elevating the Jewellery Market demand graph in the forthcoming years.

Jewellery Market Upgrades & Recent Developments

2024:

• Tanishq & De Beers Group signed a long-term strategic partnership intended to expand the Indian market's growth potential & introduce more Indian customers to the exclusivity & value of natural diamonds.

2025:

• Kushal’s & Pipa Bella would likely introduce tech-integrated wearables combining fashion & function.

Jewellery Market Dynamics

• Driver: Increasing Disposable Income & Fashion Awareness

The rising global disposable incomes & increasing fashion consciousness have increased demand for luxury & personalized ornaments. Also, with modern customers treasuring rarity, jewellery companies are providing custom-made designs & luxury experiences, driving the Jewellery Market’s rapid growth.

• Challenge: Price Unpredictability & Counterfeit Issues to Limit Market Growth

Changing prices of valuable metals & the influx of counterfeit items remain a concerning issue. These problems negatively affect customer trust, chiefly in regions that lack quality certification systems, creating a challenge for jewellery retailers across the global market.

• Opportunity: Expanding Online Jewellery Platforms

The development of digital retail & AI-based items customization presents a profitable opportunity for the Jewellery Market. Also, e-commerce platforms providing AR try-ons & subscription models are altering jewellery procurements, specifically among Gen Z & bust consumers.

• Trend: Move Toward Lab-Grown & Ethical Jewellery

Customers are progressively seeking sustainable & ethical choices. The increase of lab-grown diamonds & recycled materials is changing customer preferences, particularly in urban & Western marketplaces.

Jewellery Market Segment-Wise Analysis

By Product:

• Necklace
• Ring
• Earring
• Bracelet
• Others

The Ring segment is anticipated to uphold the potential share of the Jewellery Market, predominantly in the bridal jewellery category. Rings are the most widespread product, owing to their emotional worth, cultural importance, and frequent gift-giving events. Also, online channels & leading jewelry retailers broadly market them.  From fashion accessories to engagement rings, the segment's compliance has allowed it to lead sales in all regions globally. In addition, rings with lab-grown diamonds are more attractive to young, economical customers, owing to their reasonable cost. Also, companies, such as Kushal's & Signet Jewelers, are concentrating their marketing efforts on high-end ring collections, which further strengthen the market's dominance.

By Material:

• Platinum
• Gold
• Diamond
• Others

The Gold segment is the most dominant jewellery material in the Jewellery Market by capturing the highest market share.This is attributed to the ornamental, cultural, and investment value, specifically in the Middle East & Asia-Pacific regions. Also, Gold jewelry plays a key role in countries like China & India, where it is a common wedding & festival accessory, thus affecting the Jewellery Market size.  To draw in younger consumers, some jewelry brands have also started to provide contemporary gold lines.

Moreover, the resale value & historical importance of gold make it extraordinary, even as lab-grown diamonds are becoming more & more popular.  Further, gold has been more accessible owing to its integration into contemporary trends & the release of lightweight collections, which has augmented the market growth.

Regional Projection of the Global Jewellery Industry

The Global Jewellery Market is geographically diversified, covering:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Asia-Pacific grabs a substantial share of the Global Jewellery Market and is anticipated to flourish in the following years as well. The regional market growth is credited to its enormous customer base, cultural preference toward jewellery ownership, and festive purchasing behavior. Nations, including India, China, and Japan, contribute considerably to the Jewellery Market size. Furthermore, the region’s demand is predominantly motivated by bridal jewellery & traditional purchases, resulting in a significant share of the market growth.

The region is also considered to be home to some of the biggest jewellery retailers & manufacturers, permitting rapid innovation & customization. Also, with the integration of lab-grown diamonds & modern design aesthetics, the Asia-Pacific region is destined to flourish during the forecast period.

What Does Our Global Jewellery Market Research Study Entail?

• The Global Jewellery Market Research Report highlights the forecast growth rate (CAGR) by anticipating market size and share.
• The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
• The Global Jewellery Market Research Report entails details about the most critical shifts in market share in the prominent regions.
• Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.