U.S. Jewelry Market Size & Outlook, 2023-2030
U.S. jewelry market, 2017-2030 (US$M)
Related Markets
U.S. jewelry market highlights
- The U.S. jewelry market generated a revenue of USD 73,323.5 million in 2023 and is expected to reach USD 96,610.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4% 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 73,323.5 million |
| Market revenue in 2030 | USD 96,610.7 million |
| Growth rate | 4% (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, U.S. accounted for 20.8% of the global jewelry market in 2023.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. jewelry market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 96,610.7 million by 2030.
Ring was the largest segment with a revenue share of 42.95% in 2023. Horizon Databook has segmented the U.S. jewelry market based on necklace, ring, earring, bracelet covering the revenue growth of each sub-segment from 2017 to 2030.
Like any other industry in the U.S., the luxury jewelry segment is also significantly influenced by the idea of sustainability. Jewelry designers are rigorously undertaking experiments to find a sustainable alternative material for creating luxury jewelry.
The American jewelry design exhibition by Vogue Italia in 2018 showcased unconventional materials like tagua nut as an alternative to ivory. Designers like Ana Katarina, Dana Bronfman, and Yael Sonia are committed to environmental sustainability while also developing fresh styles in jewelry.
Moreover, companies are launching innovative products in the jewelry industry in order to meet consumer demand that further contributing to market growth. For instance, VVS Jewelers introduced its newest feature totally personalized jewelry in November 2022. The company sells watches, men’s, and women's jewelry as well as grills, all of which can be personalized.
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Jewelry Market Scope
Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. jewelry market size, by product, 2017-2030 (US$M)
U.S. Jewelry Market Outlook Share, 2023 & 2030 (US$M)
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