Europe Jewelry Market Size & Outlook, 2023-2030
Europe jewelry market, 2017-2030 (US$M)
Related Markets
Europe jewelry market highlights
- The Europe jewelry market generated a revenue of USD 36,068.3 million in 2023.
- The market is expected to grow at a CAGR of 4.2% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 36,068.3 million |
| Market revenue in 2030 | USD 48,029.2 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Ring |
| Fastest growing segment | Ring |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 10.2% of the global jewelry market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 296,276.5 million by 2030.
Ring was the largest segment with a revenue share of 34.09% in 2023. Horizon Databook has segmented the Europe jewelry market based on necklace, ring, earring, bracelet covering the revenue growth of each sub-segment from 2017 to 2030.
Rising popularity of theme-based jewelry and customized designs is driving the market growth. These products are created using the latest technologies, such as 3D printing, and consumers can select from different designs and materials to make a self-designed and unique piece. In addition, the growth of ecommerce has been driving the jewelry market in the region.
Complex designs for rings are gaining popularity among consumers in the region. Some of the popular ring designs for weddings and engagements are pavé settings, Halo settings, cushion-cut diamonds, colored diamonds, solitaire rings, stack rings, trillion triangle cut diamonds, vintage designed rings, and Irish Claddagh rings. These trends are expected to drive the segment.
Diamonds are increasingly popular in most European countries and are worn mostly by women on important occasions such as weddings, engagements, birthdays, and anniversaries. This trend is mainly noted among the affluent and middle-income consumers, which is one of the main factors driving the segment in the region.
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Jewelry Market Scope
Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe jewelry market size, by country, 2017-2030 (US$M)
Europe Jewelry Market Outlook Share, 2023 & 2030 (US$M)
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