Brazil Luxury Jewelry Market Size & Outlook, 2020-2028
Brazil luxury jewelry market, 2016-2028 (US$M)
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Brazil luxury jewelry market highlights
- The Brazil luxury jewelry market generated a revenue of USD 975.3 million in 2020 and is expected to reach USD 1,871.4 million by 2028.
- The Brazil market is expected to grow at a CAGR of 8.5% from 2021 to 2028.
- In terms of segment, gold was the largest revenue generating raw material in 2020.
- Gold is the most lucrative raw material segment registering the fastest growth during the forecast period.
Luxury jewelry market data book summary
| Market revenue in 2020 | USD 975.3 million |
| Market revenue in 2028 | USD 1,871.4 million |
| Growth rate | 8.5% (CAGR from 2020 to 2028) |
| Largest segment | Gold |
| Fastest growing segment | Gold |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gold, Platinum, Diamond, Gemstone, Precious Pearl |
| Key market players worldwide | Kering SA, The Swatch Group AG, Compagnie Financiere Richemont SA ADR, Lvmh Moet Hennessy Louis Vuitton SE, Signet Jewelers Ltd, Graff, Chopard International, Mikimoto, Pandora Jewelry Central Western Europe |
Other key industry trends
- In terms of revenue, Brazil accounted for 11.9% of the global luxury jewelry market in 2020.
- Country-wise, UK is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil luxury jewelry market is projected to lead the regional market in terms of revenue in 2028.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,871.4 million by 2028.
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Luxury Jewelry Market Scope
Luxury Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil luxury jewelry market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury jewelry market will help companies and investors design strategic landscapes.
Gold was the largest segment with a revenue share of 44.47% in 2020. Horizon Databook has segmented the Brazil luxury jewelry market based on gold, platinum, diamond, gemstone, precious pearl covering the revenue growth of each sub-segment from 2016 to 2028.
The luxury jewelry market in Brazil is influenced by fast fashion trends and inflation, due to the continuous adoption of product offerings to serve price-sensitive consumers. As the economic growth has been slow in the country, manufacturers are offering a vast number of products in the costume jewelry segment where jewelry is made of less expensive materials like silver.
Key market players are facing losses and to stay afloat and expand their businesses, some are selling their shares. For instance, in 2019 Vivara, a leading Brazilian jeweler announced that its parent company Tellerina sold 40% of its shares in the company. In addition, Vivera raised USD 112.9 million and plans to fund its expansion investment in branding technology.
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Our clientele includes a mix of luxury jewelry market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil luxury jewelry market , including forecasts for subscribers. This country databook contains high-level insights into Brazil luxury jewelry market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil luxury jewelry market size, by raw material, 2016-2028 (US$M)
Brazil Luxury Jewelry Market Outlook Share, 2020 & 2028 (US$M)
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