The revenue in the 'Luxury Jewelry' segment of the luxury goods market in India was forecast to continuously increase between 2024 and 2029 by in total 1.4 billion U.S. dollars (+16.2 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 10.06 billion U.S. dollars and therefore a new peak in 2029.
Data provided by Statista Market Insights are estimates.
Definition:
Together with watches, jewelry constitutes a part of the market that is called “hard luxury” to differentiate it from fashion, accessories and cosmetics, which are made from “soft” materials. Accordingly, jewelry from smaller companies or artisanal production unaffiliated with the companies covered are not included.
Additional Information:
The shown market data are based on an analysis of the biggest luxury companies in the world. A complete list of all companies and brands covered can be found in the methodology description. All data is shown at retail value, which includes markups for retail distribution and sales taxes.
LVMH’s Tiffany as well as Richemont’s Cartier, Van Cleef & Arpels and Piaget are examples of household brand names in this sector, which is otherwise characterized by jewelers’ own brands, with Lao Feng Xiang, Titan, Chow Sang Sang and Luk Fook examples of the biggest players in this field.
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Statista Market Insights. (October 1, 2024). Revenue in the luxury jewelry segment of the luxury goods market India from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/forecasts/1435905/revenue-luxury-jewelry-luxury-watches-jewelry-market-india
Statista Market Insights. "Revenue in the luxury jewelry segment of the luxury goods market India from 2019 to 2029 (in billion U.S. dollars)." Chart. October 1, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/forecasts/1435905/revenue-luxury-jewelry-luxury-watches-jewelry-market-india
Statista Market Insights. (2024). Revenue in the luxury jewelry segment of the luxury goods market India from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/forecasts/1435905/revenue-luxury-jewelry-luxury-watches-jewelry-market-india
Statista Market Insights. "Revenue in The Luxury Jewelry Segment of The Luxury Goods Market India from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Oct 2024, https://www.statista.com/forecasts/1435905/revenue-luxury-jewelry-luxury-watches-jewelry-market-india
Statista Market Insights, Revenue in the luxury jewelry segment of the luxury goods market India from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1435905/revenue-luxury-jewelry-luxury-watches-jewelry-market-india (last visited November 23, 2024)
Revenue in the luxury jewelry segment of the luxury goods market India from 2019 to 2029 (in billion U.S. dollars) [Graph], Statista Market Insights, October 1, 2024. [Online]. Available: https://www.statista.com/forecasts/1435905/revenue-luxury-jewelry-luxury-watches-jewelry-market-india