North America Jewelry Market Size & Outlook, 2023-2030
North America jewelry market, 2017-2030 (US$M)
Related Markets
North America jewelry market highlights
- The North America jewelry market generated a revenue of USD 79,166.6 million in 2023.
- The market is expected to grow at a CAGR of 4.1% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 79,166.6 million |
| Market revenue in 2030 | USD 104,738.4 million |
| Growth rate | 4.1% (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, North America region accounted for 22.4% 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 42.79% in 2023. Horizon Databook has segmented the North America jewelry market based on necklace, ring, earring, bracelet covering the revenue growth of each sub-segment from 2017 to 2030.
The growing fondness for jewelry among women has been encouraging the popularity of handmade and customized products. For instance, Erica Leal, a Vancouver-based jeweler, has created a line of handcrafted jewelry made from sterling silver and acrylic. The demand for lab-created stones is rising in Canada as these stones are available at a lower price owing to growing technological efficiency.
In addition, the demand for recycled diamonds has been increasing, as the younger generation of consumers prefers environment-friendly products. These diamonds are repurposed instead of newly mined, thereby ensuring zero impact on the environment.
Moreover, the geographical expansion of jewelry companies in the region further provides significant growth opportunity for the market in North America. For instance, the Indian jewelry company Tanishq announced in January 2023 that it would open its first location in the U.S.
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Jewelry Market Scope
Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America jewelry market size, by country, 2017-2030 (US$M)
North America Jewelry Market Outlook Share, 2023 & 2030 (US$M)
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