UK Luxury Jewelry Market Size & Outlook, 2020-2028
UK luxury jewelry market, 2016-2028 (US$M)
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UK luxury jewelry market highlights
- The UK luxury jewelry market generated a revenue of USD 1,682.0 million in 2020 and is expected to reach USD 2,884.3 million by 2028.
- The UK market is expected to grow at a CAGR of 7% from 2021 to 2028.
- In terms of segment, gold 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 1,682.0 million |
| Market revenue in 2028 | USD 2,884.3 million |
| Growth rate | 7% (CAGR from 2020 to 2028) |
| Largest segment | Gold |
| 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, UK accounted for 20.6% 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 Europe, UK luxury jewelry market is projected to lead the regional market in terms of revenue in 2028.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,884.3 million by 2028.
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Luxury Jewelry Market Scope
Luxury Jewelry Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 31.15% in 2020. Horizon Databook has segmented the UK luxury jewelry market based on gold, platinum, diamond, gemstone, precious pearl covering the revenue growth of each sub-segment from 2016 to 2028.
Luxury jewelry brand of UK’s market are making new moves and undertaking new growth plans to survive the COVID-19 impact. Taylor & Hart, designer, manufacturer, and retailer of online jewelry launched a new showroom in London and its own workshop space in the first quarter of 2020.
Despite a strong start to the year, the company was not immune the to the challenges thrown amid the coronavirus lockdown. Nevertheless, the company has evolved its business model by introducing virtual and live chat engagement ring consultations to meet the demands of the ‘new normal’, and planning a brand refreshment. The company is also expanding sales representative in South Africa and some new key operations roles.
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Target buyers of UK 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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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 UK luxury jewelry market , including forecasts for subscribers. This country databook contains high-level insights into UK luxury jewelry market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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UK luxury jewelry market size, by raw material, 2016-2028 (US$M)
UK Luxury Jewelry Market Outlook Share, 2020 & 2028 (US$M)
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