The average revenue per capita in the 'Luxury Jewelry' segment of the luxury goods market in Singapore was forecast to continuously increase between 2024 and 2029 by in total 9.9 U.S. dollars (+19.87 percent). After the ninth consecutive increasing year, the average revenue per capita is estimated to reach 59.75 U.S. dollars and therefore a new peak in 2029.
Data provided by Statista Market Insights are estimates.
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.
LVMH’s Bulgari and Cartier as well as Richemont’s Van Cleef & Arpels and Piaget are examples of household brand names in this sector, which is otherwise characterized by jewelers’ own brands, with Tiffany, Lao Feng Xiang, Titan, Chow Sang Sang and Luk Fook being the biggest players in this field. The shown market data are based on an analysis of more than 100 of the biggest luxury companies in the world. A complete list of all companies and brands covered can be found in the methodology description. Accordingly, watches from smaller companies or artisanal production unaffiliated with the companies covered are not included. All data is shown at retail value, which includes markups for retail distribution and sales taxes.
Growth has lately been stimulated mostly by emerging markets but ever since the period of sagging demand in Greater China began, the global outlook can at best be described as stable.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista Market Insights. (September 12, 2024). Average revenue per unit (ARPU) in the luxury jewelry segment of the luxury goods market Singapore from 2019 to 2029 [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/forecasts/1436111/average-revenue-per-unit-arpu-luxury-jewelry-luxury-watches-jewelry-market-singapore
Statista Market Insights. "Average revenue per unit (ARPU) in the luxury jewelry segment of the luxury goods market Singapore from 2019 to 2029." Chart. September 12, 2024. Statista. Accessed October 02, 2024. https://www.statista.com/forecasts/1436111/average-revenue-per-unit-arpu-luxury-jewelry-luxury-watches-jewelry-market-singapore
Statista Market Insights. (2024). Average revenue per unit (ARPU) in the luxury jewelry segment of the luxury goods market Singapore from 2019 to 2029. Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/forecasts/1436111/average-revenue-per-unit-arpu-luxury-jewelry-luxury-watches-jewelry-market-singapore
Statista Market Insights. "Average Revenue per Unit (Arpu) in The Luxury Jewelry Segment of The Luxury Goods Market Singapore from 2019 to 2029." Statista, Statista Inc., 12 Sep 2024, https://www.statista.com/forecasts/1436111/average-revenue-per-unit-arpu-luxury-jewelry-luxury-watches-jewelry-market-singapore
Statista Market Insights, Average revenue per unit (ARPU) in the luxury jewelry segment of the luxury goods market Singapore from 2019 to 2029 Statista, https://www.statista.com/forecasts/1436111/average-revenue-per-unit-arpu-luxury-jewelry-luxury-watches-jewelry-market-singapore (last visited October 02, 2024)
Average revenue per unit (ARPU) in the luxury jewelry segment of the luxury goods market Singapore from 2019 to 2029 [Graph], Statista Market Insights, September 12, 2024. [Online]. Available: https://www.statista.com/forecasts/1436111/average-revenue-per-unit-arpu-luxury-jewelry-luxury-watches-jewelry-market-singapore