Chalcedony Earrings Market Size, Share & Trends Analysis Report By Type (Chalcedony Gold Earrings, Chalcedony Silver Earrings), By Distribution Channel (Retail Store, Teleshopping), By Region, And Segment Forecasts, 2024 - 2030

Chalcedony Earrings Market Size & Trends

The global chalcedony earrings market size was valued at USD 4.75 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2030. Factors such as an increase in consumer awareness and accessibility, as they are much cheaper than gold and diamond earrings, rising fashion trends due to the presence of unique and personalized pieces, and a rise in disposable income have been driving the market's growth. In addition, the expansion of online retail platforms has made it easier for consumers to access various chalcedony earring options.

In addition, the various medicinal benefits that chalcedony earrings possess, which enhance confidence and other stimulating benefits, and the increase in demand for lightweight earring options help further propel the market. In developed countries of North America and Europe, the demand for these earrings is increasing, and the trend of young people adopting gemstone earrings across various developing countries such as India, China, and Mexico have further boosted market growth. For instance, a chalcedony pendant is valued for its broad healing properties, notably aiding throat issues and relieving upper respiratory ailments. It also supports mental well-being, easing symptoms of OCD, Tourette's, and Asperger's Syndrome.

The increasing disposable incomes and emerging markets have been ideal for consumers, and the increasing demand for sustainable and ethically sourced products among consumers has been more appealing. In addition, chalcedony earrings provide an option for environmentally conscious buyers, further boosting the market. For instance, in 2021, the UK witnessed a 3.6% rise in gross disposable household income (GDHI) from the previous year. Specifically, Northern Ireland saw a growth of 4.5%, whereas England, Wales, and Scotland observed growth rates of 3.7%, 2.8%, and 2.6% respectively.

Type Insights

The chalcedony silver earrings segment dominated the market and accounted for a share of 35.2% in 2023. The growth of the earring market has been significantly influenced by a rising demand for unique, personalized pieces and semiprecious stones, along with the expansion of e-commerce. In addition, social media, fashion trends, and the popularity of specific styles, such as silver chalcedony earrings, among influencers and celebrities have also played a crucial role. For instance, Etsy, Inc. offers chalcedony silver earrings on its website, allowing customers to customize and personalize their orders. This feature provides a unique shopping experience catering to individual tastes and preferences. The platform's emphasis on customization enhances its appeal to a diverse customer base.

The chalcedony gold earrings segment is expected to grow at the fastest CAGR of 9.6% over the forecast period. Rising disposable incomes and effective marketing strategies drive market growth for gold chalcedony earrings. The medicinal benefits of combining chalcedony with gold enhance the appeal, and the luxury association of gold boosts market expansion.

Distribution Channel Insights

The retail store segment dominated the market and accounted for a share of 35.9% in 2023. The increase in retail stores has been the primary reason for the growth of the market. In addition, consumer awareness about the medicinal benefits of chalcedony earrings, the changing fashion trends, and increasing disposable income have been responsible for the further growth of the market. Moreover, the trust which is associated with the retail stores has been the key reason for consumers opting to buy from them. For instance, launched in August 2021, the Petit Joli Bouquet collection by Pasquale Bruni, presented in rose gold, features vibrant gemstones representing elements of nature and the universe, from earth's vitality to the union of sky and moon.

The online segment is expected to grow at the fastest CAGR of 9.9% over the forecast period. Factors such as the increase in internet connectivity, the increasing presence of various companies on online platforms, and the variety of options offered by the online segment have been the key drivers for the market's growth. In addition, the accessibility that the online segment provides for consumers in rural areas has further helped propel the market.

Regional Insights

North America chalcedony earrings market accounted for the largest revenue share of 37.6% in 2023. Factors such as the changing consumer preference, the healing and medicinal properties associated with these types of earrings, and the emerging fashion trends in countries such as the U.S., Canada, and Mexico have been the key drivers for the market growth. In addition, the increasing disposable income and the marketing strategies implied by major players have been responsible for the further growth of the market. For instance, David Yurman, an American jewelry brand, offers a sophisticated collection of chalcedony earrings that blend innovative design with timeless elegance. Their pieces appeal to luxury consumers seeking high-quality, unique gemstone jewelry.

U.S. Chalcedony Earrings Market Trends

The U.S. chalcedony earrings market is expected to grow significantly over the region's forecast period. The increasing adoption of chalcedony earrings among the young generation has been the key driver for the market's growth. In addition, the increasing consumption of these earrings by celebrities and influencers has influenced the population to consume these earrings. In addition, the increasing disposable income and the awareness about the medicinal benefits have helped propel the market further.

Europe Chalcedony Earrings Market Trends

Europe chalcedony earrings market held a significant market share in 2023. Factors such as innovations in the products, increasing disposable income, and changing consumer preferences has been the key drivers for the growth of the market. In addition, the increasing social media platform engagement has influenced the adoption of these earrings, the accessibility and the various customers find them more appealing of these products has helped further in propelling of the market. For instance, in 2022, the adjusted disposable income for households across the Europe was estimated at USD 12,679.83 billion, representing 73.3% of the region's total gross domestic product (GDP). Germany contributed the largest portion of this income at 25.5%, with France and Italy following at 18.3% and 13.0%, respectively.

The UK chalcedony earrings market is expected to grow significantly over the forecast period. Factors such as the increasing influence of celebrities and changing consumer behavior have largely impacted the market's growth.

France chalcedony earrings market accounted for a significant market share in 2023. Factors such as increasing disposable income and the reach of the internet have been the primary drivers of the market.

Asia Pacific Chalcedony Earrings Market Trends

Asia Pacific chalcedony earrings market is expected to grow at the fastest CAGR of 9.8% over the forecast period. Factors such as player participation, population, and changing consumer behavior have been the key drivers for the market's growth. In addition, the presence of countries such as China, India, and Japan, where the adoption of these types of earrings is rising, and the culture present in countries such as India, where earrings are essentials for women and chalcedony earrings offer them a new variety and are more appealing to them. According to the United Nations Population Fund (UNFPA), Asia Pacific, home to 60% of the world's population (around 4.3 billion people), showcases extreme diversity from the populous nations of China and India to tiny island states undergoing rapid urbanization and demographic shifts.

China chalcedony earrings market is expected to grow significantly over the forecast period. Factors such as the increasing adoption of these earrings by the young generation have been responsible for the market's growth.

India chalcedony earrings market held a significant market share in 2023, owing to the increasing women's population and the increasing reach of the internet, which were the key drivers of the market's growth.

Key Companies & Market Share Insights

Some of the key players in the market are T&CO (LVMH Moët Hennessy Louis Vuitton SE), David Yurman, Saks Fifth Avenue, Etsy, Inc., Blue Nile Inc., Ross-Simons, Neiman Marcus (HBC), Nordstrom, Inc., KAY.COM, and Bloomingdale's. Organizations are focusing on increasing customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives, such as mergers and acquisitions, and partnerships with other major companies.

• T&CO, subsidiary of LVMH Moët Hennessy Louis Vuitton SE, is a luxury jewelry retailer renowned for its high-quality craftsmanship and iconic designs. One notable segment is chalcedony earrings. These earrings, blending classic and contemporary styles, are meticulously crafted and ethically sourced, appealing to affluent customers who value luxury and timeless design.

• Saks Fifth Avenue offers a curated selection of high-end fashion, accessories, and jewelry, including chalcedony earrings. Known for its premium quality and exclusive designs, Saks caters to discerning customers seeking unique and stylish pieces. The company's presence in the chalcedony earrings market highlights its commitment to offering diverse and sophisticated jewelry options.

Recent Developments

• In July 2024, HBC acquired Neiman Marcus for USD 2.65 billion and formed Saks Global by merging it with its other luxury brands and real estate, including Saks Fifth Avenue and Bergdorf Goodman.

• In July 2021, LVMH Moët Hennessy Louis Vuitton SE, the premiere luxury goods conglomerate, announced its acquisition of T&CO., the renowned global luxury jeweler. This acquisition significantly rejuvenated LVMH's Watches & Jewelry division and added to the prestige of LVMH's 75 esteemed Maisons.

Chalcedony Earrings Market Report Scope

Global Chalcedony Earrings Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global chalcedony earrings market report based on type, distribution channel, and region:

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Chalcedony Gold Earrings

  • Chalcedony Silver Earrings

  • Chalcedony Diamond Earrings

  • Other Chalcedony Earrings

• Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

  • Retail Store

  • Teleshopping

  • Online

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

  • Middle East and Africa (MEA)

    • UAE