World Market Jewelry Stats Explained

1. The global luxury jewelry market was worth $21.39 billion in 2020.

(Statista)

 

China has the highest share of the jewelry and watches market revenue, statistics on jewelry market size by the country report. Next in line are the US, Japan, and India.

 

On top of that, the global jewelry market is predicted to witness a significant increase by 2025, from $230 billion in 2020 to $292 billion.

 

Lab-created diamonds are expected to be the leading trend in the following years.

 

 

2. $38.23 billion is the value of the fashion jewelry market in 2021.

(Statista)

 

In 2020, the fashion jewelry, aka the costume jewelry market witnessed a growth of $2.6 billion. Based on the jewelry industry statistics from 2019, while the market was worth $32.9 billion in the mentioned year, in 2020, it was valued at $35.5 billion.

 

Unlike the fine jewelry that’s made of precious metals (like gold, silver, and platinum), costume jewelry (aka fashion jewelry) is made from basic metals (copper, brass, or aluminum), textiles, or leather.

 

That being said, these pieces have an affordable retail price, which is the main reason behind the fashion jewelry industry statistics. They indicate that the value of this market could reach $60 billion by 2027.

 

As the name itself suggests, the main purpose of fashion jewelry is to complement different fashion styles. Interestingly, the fashion industry sales statistics show that more than 50% of this market is aimed at women.

3. 38% of surveyed jewelry companies reported an increase in sales of custom-made jewelry in 2020.

(Instoremag)

 

A recent survey on the jewelry industry trends from 2020 indicates that 23% of the companies that participated in the survey saw an increase in sales of bridal jewelry and colored stones.

 

It is interesting to note that one in five retailers also reported a rise in diamond jewelry demand.

4. The online jewelry market is expected to amount to $19.88 billion by 2024.

(PR Newswire)

 

Based on the online jewelry market statistics, there should be a CAGR growth surpassing 15% during 2020–2024.

 

North America will have a massive contribution to the growth (42%). Major market players will have their say as well, such as HANEL Ltd., Graff Diamonds Ltd., Signet Jewelers Ltd., The Swatch Group Ltd., and so on.