Brazil Jewelry Market Size & Outlook, 2023-2030
Brazil jewelry market, 2017-2030 (US$M)
Related Markets
Brazil jewelry market highlights
- The Brazil jewelry market generated a revenue of USD 3,093.7 million in 2023 and is expected to reach USD 3,502.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 1.8% from 2024 to 2030.
- In terms of segment, ring was the largest revenue generating product in 2023.
- Ring is the most lucrative product segment registering the fastest growth during the forecast period.
Jewelry market data book summary
| Market revenue in 2023 | USD 3,093.7 million |
| Market revenue in 2030 | USD 3,502.9 million |
| Growth rate | 1.8% (CAGR from 2023 to 2030) |
| Largest segment | Ring |
| Fastest growing segment | Ring |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Necklace, Ring, Earring, Bracelet |
| Key market players worldwide | Lvmh Moet Hennessy Louis Vuitton SE, Pandora A/S, Chow Tai Fook Jewellery Group Ltd, Compagnie Financiere Richemont SA Class A, Graff, Signet Jewelers Ltd, Malabar Gold and Diamonds |
Other key industry trends
- In terms of revenue, Brazil accounted for 0.9% of the global jewelry market in 2023.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil jewelry market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 3,502.9 million by 2030.
Ring was the largest segment with a revenue share of 39.18% in 2023. Horizon Databook has segmented the Brazil jewelry market based on necklace, ring, earring, bracelet covering the revenue growth of each sub-segment from 2017 to 2030.
The presence of numerous international jewelry shows and events featuring a display of luxury jewelry and hand-cut gemstones such as rubies, sapphires, emeralds, and other popular gemstones designed with precious metals is expected to drive the luxury jewelry market in Brazil.
For instance, the Feninjer Event, which is held annually at Sao Paulo, offers a platform to various domestic and international companies to showcase their product line. The media coverage of these events has increased the visibility of different designs and product variation among customers, further driving its sales.
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Jewelry Market Scope
Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil jewelry market size, by product, 2017-2030 (US$M)
Brazil Jewelry Market Outlook Share, 2023 & 2030 (US$M)
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