Market Insights report
The segment Luxury Watches & Jewelry accounted for 33% of the Luxury Goods revenue in 2023. This report from the series of segment reports gives an overview of the Luxury Watches & Jewelry market from an international perspective.
What's included?
Watches and jewelry, known as 'hard luxury,' distinguish themselves from fashion and accessories by their durable materials and craftsmanship. Hard luxury remains a core segment of the personal luxury goods industry, holding a significant share of sales. While growth in this sector slowed recently due to economic shifts and evolving preferences, demand from younger buyers and a rebound in China's market are rejuvenating interest in this category. Major players include LVMH, Richemont, Kering, Swatch, Chow Tai Fook, and Rolex
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