Thailand: revenue of luxury watches and jewelry market 2029

Over the last two observations, the revenue is forecast to significantly increase in all segments. As part of the positive trend, the revenue reaches the maximum value for all two different segments at the end of the comparison period. Particularly noteworthy is the segment Luxury Watches, which has the highest value of 365.93 million U.S. dollars.

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Revenue of luxury watches and jewelry market from 2019 to 2029, by segment (in million U.S. dollars)

Characteristic	Luxury Watches	Luxury Jewelry
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

Watches & Jewelry are usually referred to as “hard luxury” to differentiate them from fashion and accessories, which are made from comparatively “soft” materials. The overall definition of this market follows broadly the Consumer Market Insights Watches & Jewelry market in the Accessories market, while here only sales of luxury brands are considered, and consequently, trend watches and fashion jewelry are excluded. Another difference is that luxury watches include hand-made watches that are not included in the Accessories market of the Consumer Market Insights.

Structure:

The Luxury Watches & Jewelry is divided into 2 markets:

Luxury Watches that contain luxury wristwatches, pocket watches, handmade and industrially produced watches and luxury segments and brands of the companies covered.
Luxury Jewelry that 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. It includes jewelry (gem-sets, bracelets, necklaces, wrist gems, earrings, brooches etc.) and luxury segments and brands of the companies covered.

Additional Information:

The shown market data are based on an analysis of the biggest luxury companies in the world. Accordingly, watches and jewelry from smaller companies or artisanal production unaffiliated with the companies covered are not included. A complete list of all companies and brands covered can be found in the methodology description. All data are shown at retail value, which includes markups for retail distribution and sales taxes.

The biggest players in this field are LVMH, Richemont, Kering, Swatch, Chow Tai Fook and Rolex.

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