China Luxury Jewelry Market Size & Outlook, 2020-2028
China luxury jewelry market, 2016-2028 (US$M)
Related Markets
China luxury jewelry market highlights
- The China luxury jewelry market generated a revenue of USD 797.2 million in 2020 and is expected to reach USD 1,376.6 million by 2028.
- The China market is expected to grow at a CAGR of 7.1% from 2021 to 2028.
- In terms of segment, gemstone was the largest revenue generating raw material in 2020.
- Platinum 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 797.2 million |
| Market revenue in 2028 | USD 1,376.6 million |
| Growth rate | 7.1% (CAGR from 2020 to 2028) |
| Largest segment | Gemstone |
| Fastest growing segment | Platinum |
| 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, China accounted for 9.8% 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 Asia Pacific, India luxury jewelry market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,376.6 million by 2028.
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
Luxury Jewelry Market Scope
Luxury Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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.
Gemstone was the largest segment with a revenue share of 58.78% in 2020. Horizon Databook has segmented the China 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 is strongly influenced by fast fashion trends and inflation, due to the continuous supply of product offerings that cater to the price-sensitive consumer. Travel restrictions owing to the COVID-19 pandemic localized jewelry consumption in China in 2020.
Because the people in China had limited opportunities to travel, they turned to local retailers and Hainan duty-free stores for luxury and premium purchases. Major local chains reported double-digit growth in sales in the second half of the year.
In addition, major retailers expanded their retail footprint, particularly in lower-tier cities where the middle-class population has been growing. The repatriation trend is expected to subside in the long term, once global travel resumes, but new consumers in lower-tier cities have provided continued demand for jewelry and will drive the growth of luxury jewelry in China.
Reasons to subscribe to China luxury jewelry market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China luxury jewelry market databook
-
Our clientele includes a mix of luxury jewelry market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China luxury jewelry market , including forecasts for subscribers. This country databook contains high-level insights into China luxury jewelry market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
China luxury jewelry market size, by raw material, 2016-2028 (US$M)
China Luxury Jewelry Market Outlook Share, 2020 & 2028 (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
