North America Luxury Jewelry Market Size & Outlook
North America luxury jewelry market, 2016-2028 (US$M)
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North America luxury jewelry market highlights
- The North America luxury jewelry market generated a revenue of USD 2,294.9 million in 2020.
- The market is expected to grow at a CAGR of -13% 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, U.S. is expected to register the highest CAGR from 2021 to 2028.
North America data book summary
| Market revenue in 2020 | USD 2,294.9 million |
| Market revenue in 2028 | USD 753.7 million |
| Growth rate | -13% (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, North America region accounted for 28.1% 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.
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Luxury Jewelry Market Scope
Luxury Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North 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 40.65% in 2020. Horizon Databook has segmented the North 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 demand for luxury jewelry is significantly high in the region owing to the high disposable incomes of the consumers. Additionally, the region is an important destination for luxury tourism, which makes it a unique market for retail luxury jewelry. The growth of e-commerce, especially since the outbreak of COVID-19, has also benefitted the market for luxury jewelry.
Easy access to information such as product design, price, and quality, as well as sourcing of raw materials through online sources are some of the major benefits of e-commerce. In addition, with the COVID-19 pandemic disrupting physical store sales across the region, the ecommerce space stepped up to the plate to ensure market stability. Online sales of luxury jewelry saw a rise during this time.
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Target buyers of North America luxury jewelry market databook
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Our clientele includes a mix of luxury jewelry market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 continent-level data and insights on the North America luxury jewelry market , including forecasts for subscribers. This continent databook contains high-level insights into North America luxury jewelry market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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North America luxury jewelry market size, by country, 2016-2028 (US$M)
North America Luxury Jewelry Market Outlook Share, 2020 & 2028 (US$M)
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