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Jewelry Market To Reach $578.45Bn By 2033 | CAGR: 5.5%

Jewelry Market To Reach $578.45 Billion By 2033 | CAGR: 5.5%

January 2026 | Report Format: Electronic (PDF)

Jewelry Market Growth & Trends

The global Jewelry market size is estimated to reach USD 578.45 billion by 2033, registering a CAGR of 5.5% from 2026 to 2033, according to a new report by Grand View Research, Inc. The luxury goods industry continues to fuel the growth of the market, amid challenges concerning varying economic trends.

The demand for jewelry is increasing as the world is recovering from a recession and the global COVID-19 crisis. Over the past few years, consumer preference has turned to branded jewelry. This trend is more prominent among the emerging upper-middle class or wealthy consumers, particularly in Asia Pacific, for whom branded jewelry is a status symbol. According to the World Gold Council, India and China accounted for more than half of the global gold jewelry demand.

Most consumers buy jewelry from international or established brands as they offer authentic & trustworthy products and unique designs. E-commerce is another important trend in the industry. Most consumers in this market prefer to research online before purchasing any product, and many make purchases from online portals for convenience.

Technological advancements have been transforming the jewel industry, from mining and discovering precious metals to cloud solutions and e-commerce platforms. Computer-aided design (CAD), 3D printing, and augmented reality (AR) are among the most notable technologies that have been prompting the growth of the industry in recent years. From a distribution standpoint, the emergence and popularity of these technologies have been aiding jewelry manufacturers around the world to realize higher profit margins in retail outlets.

A key trend that has been gripping the jewelry industry over the years is the transformation of the shopping experience using technology. For instance, in June 2017, YOOX NET-A-PORTER GROUP, an Italian online fashion retailer, partnered with Lumyer Inc., a U.S.-based app developing company, to launch an AR camera app designed to enable users to try on jewelry, sunglasses, and handbags in virtual reality.

The rising number of double-income households in emerging economies such as India, China, and Brazil has resulted in increased spending on luxury goods, including jewelry. Spending on luxury products is expanding at a more substantial rate in tier II cities in India than in tier I cities. According to American Express, high-end spending in tier II cities between 2013 and 2018 grew 30 times faster than that in tier I cities. The rise in luxury spending in tier I and tier II cities is due to strict measures by the Indian government, such as the increase in excise duty on gold and diamond, demonetization, and a rise in taxes on luxury items to curb black money.

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Jewelry Market Report Highlights

By product, the rings accounted for the largest share of 33.89% of the global revenue in 2025, driven by increasing disposable income, rising demand for luxury jewelry and customized pieces, and the deep-rooted cultural importance of rings in engagements, weddings, and other milestones.
By material, the gold jewelry market accounted for the largest revenue share of 55.04% in 2025, driven by its long-standing status as a symbol of wealth, cultural heritage, and enduring elegance.
By distribution channel, the jewelry sales through the offline retail stores accounted for the largest share of 83.92% of the global revenue in 2025.
By end-use, the women’s jewelry market accounted for the largest share of 71.88% of the revenue in 2025.
The Asia Pacific led the market and accounted for the largest market share of 60.38% in 2025, propelled by a rising middle class, urbanization, and increasing spending on lifestyle and luxury products.