Luxury Jewelry - Montenegro

• in Montenegro, a country known for its natural beauty and rich history, is not immune to the allure of luxury jewelry.
• In 2024, the revenue in the Luxury Jewelry market in Montenegro amounts to US$2.10m.
• This indicates a promising market for luxury jewelry in the country.
• Looking ahead, the market is expected to experience annual growth of 3.72% from 2024 to 2028, according to the compounded annual growth rate (CAGR).
• This positive trend suggests that the luxury jewelry segment in Montenegro has a bright future ahead.
• In a global comparison, it is worth noting that in China generates the most revenue in the luxury jewelry segment, with an impressive US$14,130m in 2024.
• This highlights the dominance of the Chinese market in the luxury jewelry industry.
• To put the revenue figures into perspective, it is interesting to consider the per person revenues generated in Montenegro.
• In 2024, each person in the country contributes US$3.36 in revenue to the luxury jewelry segment.
• This showcases the potential of the Montenegrin population as consumers of luxury jewelry.
• With its unique blend of history, culture, and natural beauty, in Montenegro presents an intriguing market for luxury jewelry.
• As the industry continues to grow globally, it will be fascinating to see how Montenegro's luxury jewelry segment evolves and contributes to the country's economy.
• Montenegro's luxury jewelry market is flourishing, with an increasing demand for locally crafted pieces inspired by the country's rich cultural heritage.

Key regions: India, Singapore, United Kingdom, Italy, China