Market Insights Consumer Luxury Goods Luxury Watches & Jewelry

Luxury Jewelry - Namibia

Namibia

In Namibia, the country renowned for its stunning landscapes and vibrant culture, the Luxury Jewelry market is projected to generate a revenue of US$0.92m in the year 2024.
This market is anticipated to experience an annual growth rate of -2.54%, as calculated by the compound annual growth rate (CAGR) between 2024 and 2028.
When considering the global scale, it is worth noting that in China leads the way in terms of revenue generation, reaching an impressive US$14,130m in 2024.
To put these numbers into perspective, in 2024, the per person revenue in Namibia's Luxury Jewelry market amounts to US$0.35.
This metric provides insight into the individual spending power within the population.
Namibia's luxury jewelry market is driven by the demand for unique gemstones, such as Namibian diamonds and rare semi-precious stones sourced locally.

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

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The Luxury Jewelry market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Jewelry industry.