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Jewelry - Europe

Europe
  • In Europe, the revenue in the Jewelry market is projected to reach US$30.48bn in 2025.
  • This market is anticipated to experience an annual growth rate of 2.67% (CAGR 2025-2029).
  • Comparing this to the global market, China leads with revenues of US$120bn in 2025.
  • In terms of per capita figures, each person in Europe is expected to generate revenues of US$36.13 in 2025.
  • Furthermore, by 2025, Non-Luxury will account for 74% of the sales in the Jewelry market.
  • In France, the market for luxury jewelry continues to thrive, with renowned brands like Cartier and Chanel setting the trends.

Definition:

The Jewelry market covers rings, necklaces, earrings, bracelets, brooches, and other small decorative items that are worn for personal ornamentation.

Additional information:

The market comprises revenues and average revenue per capita. The key players in the market are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.

In-Scope
  • High jewelry
  • Fashion jewelry
Out-Of-Scope
  • Non-wearable items made from precious metals, pearls, precious or semi-precious stones

Revenue

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Sep 2024

SOURCE: Statista Market Insights

MOST_RECENT_UPDATE: Sep 2024

SOURCE: Statista Market Insights

Key Players

MOST_RECENT_UPDATE: Mar 2024

SOURCE: Statista Market Insights

Sales Channels

MOST_RECENT_UPDATE: Mar 2024

SOURCE: Statista Market Insights

Product Types

MOST_RECENT_UPDATE: Dec 2024

SOURCE: Statista Market Insights

Global Comparison

MOST_RECENT_UPDATE: Sep 2024

SOURCE: Statista Market Insights

Methodology

Data coverage:

The data encompasses B2C enterprises. The figures are based on consumer spending on accessories that comprise of Watches & Jewelry and Luggage & Bags that are produced for private end customers for both offline retail and online retail.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, market data from independent databases and third-party sources, historical developments, current trends, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Accessories market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

Key Market Indicators

NOTES: Based on IMF, World Bank, UN and Eurostat

MOST_RECENT_UPDATE: Jan 2025

SOURCE: Statista Market Insights

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Global Jewelry Market - Statistics & Facts

Humans have worn jewelry for many thousands of years. It is one of the most ancient and enduring forms of personal expression. Whether it’s a luxurious diamond necklace, or a simple charm bracelet, jewelry can make the wearer instantly feel more confident and stylish. In 2022, the global luxury jewelry market amounted to about 28 billion euros. Globally, the lion’s share of the jewelry and watch market revenue generated in 2022 is attributed to three countries: China was the largest, followed closely by India and the United States. The value of the jewelry market is expected to increase from about 270 billion U.S. dollars in 2022 to over 330 billion dollars by 2026. One of the most exciting new innovations in the jewelry industry is lab-created diamonds, which are often indistinguishable from natural diamonds, and are expected to become much more common and readily available in the near future.
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