China Jewelry Market Size & Outlook, 2023-2030
China jewelry market, 2017-2030 (US$M)
Related Markets
China jewelry market highlights
- The China jewelry market generated a revenue of USD 86,364.7 million in 2023 and is expected to reach USD 121,325.2 million by 2030.
- The China market is expected to grow at a CAGR of 5% 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 86,364.7 million |
| Market revenue in 2030 | USD 121,325.2 million |
| Growth rate | 5% (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, China accounted for 24.4% of the global jewelry market in 2023.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India jewelry market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 124,702.8 million by 2030.
Ring was the largest segment with a revenue share of 32.4% in 2023. Horizon Databook has segmented the China jewelry market based on necklace, ring, earring, bracelet covering the revenue growth of each sub-segment from 2017 to 2030.
According to a report by Seda Gems in 2019, China has been experiencing a high demand for jewelry items, particularly for diamonds, and the country’s demand for the same is expected to reach the same level as the U.S. in the next 10 years.
China is expected to be among the most rapidly growing jewelry and jade markets worldwide. According to the National Bureau of Statistics (NBS), Chinese jewelry manufacturers are witnessing growth as they are transitioning from traditional sales methods to e-commerce.
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Jewelry Market Scope
Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
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China jewelry market size, by product, 2017-2030 (US$M)
China Jewelry Market Outlook Share, 2023 & 2030 (US$M)
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