UK Jewelry Market Size & Outlook, 2023-2030
UK jewelry market, 2017-2030 (US$M)
Related Markets
UK jewelry market highlights
- The UK jewelry market generated a revenue of USD 5,524.9 million in 2023 and is expected to reach USD 7,756.7 million by 2030.
- The UK 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 5,524.9 million |
| Market revenue in 2030 | USD 7,756.7 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, UK accounted for 1.6% of the global jewelry market in 2023.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK jewelry market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 7,756.7 million by 2030.
Ring was the largest segment with a revenue share of 36.07% in 2023. Horizon Databook has segmented the UK jewelry market based on necklace, ring, earring, bracelet covering the revenue growth of each sub-segment from 2017 to 2030.
The U.K. was one of the largest markets for jewelry in Europe. The U.K. is the home for large number of High Net Worth population, which is a crucial factor for the lucrative jewelry market. According to a report published in December 2021 in The Guardian, the number of Ultra High Net Worth Individuals (UHNWIs) in Britain increased by 9.3% over the last year. The number of millionaires is increasing with a significant growth rate opening a new avenue for the jewelry market in the foreseeable future.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Jewelry Market Scope
Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK jewelry market size, by product, 2017-2030 (US$M)
UK Jewelry Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
