Latin America Luxury Jewelry Market Size & Outlook
Latin America luxury jewelry market, 2016-2028 (US$M)
Related Markets
Latin America luxury jewelry market highlights
- The Latin America luxury jewelry market generated a revenue of USD 1,653.9 million in 2020.
- The market is expected to grow at a CAGR of 2.8% from 2021 to 2028.
- In terms of segment, diamond 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 1,653.9 million |
| Market revenue in 2028 | USD 2,054.8 million |
| Growth rate | 2.8% (CAGR from 2020 to 2028) |
| Largest segment | Diamond |
| Fastest growing segment | Gold |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, Latin America region accounted for 20.3% of the global luxury jewelry market in 2020.
- Globally, Latin America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 46.0 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 |
|---|
Latin America 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.
Diamond was the largest segment with a revenue share of 32.05% in 2020. Horizon Databook has segmented the Latin America luxury jewelry market based on gold, platinum, diamond, gemstone, precious pearl covering the revenue growth of each sub-segment from 2016 to 2028.
The overall luxury jewelry sales started to increase in the 1st quarter of 2021, as compared to the start of the COVID-19 pandemic when government restrictions led to the shutting down of the retails shops, which was the main sales channel for luxury jewelers.
After more than a year of dealing with the pandemic, the retailers have had time to renovate, improve customer service, improvise their online services or introduce new online strategies such as personalized zoom shopping, and streamline management, so that they can expect an increase in sales in 2021.
Additionally, the Luxury Retails partners’ managing director Diego Stecchi stated that the company has recorded a 10% increase in sales in 2021 as compared to a 25% decrease in 2020.
Reasons to subscribe to Latin America 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 Latin America 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 continent-level data and insights on the Latin America luxury jewelry market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America luxury jewelry market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America luxury jewelry market size, by country, 2016-2028 (US$M)
Latin America 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
