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.
Diamonds are probably the most iconic gemstone to be used in jewelry production, thought of by many as a symbol of everlasting love and luxury. In 2021, the diamond jewelry market was valued at about 87 billion U.S. dollars worldwide. Silver and platinum are two other commonly used jewelry materials, though platinum jewelry has seen a downwards trend in popularity over the years.
Global demand
The demand for gold worldwide rose to more than 4,740 metric tons in 2022, the highest demand in a decade. There are several different industries that use gold, and in 2021, the largest of these was the jewelry industry. In 2021, the jewelry industry used over 2,200 metric tons of gold, accounting for more than double any other sector. Regionally, India and China account for the largest share of global gold jewelry demand.Diamonds are probably the most iconic gemstone to be used in jewelry production, thought of by many as a symbol of everlasting love and luxury. In 2021, the diamond jewelry market was valued at about 87 billion U.S. dollars worldwide. Silver and platinum are two other commonly used jewelry materials, though platinum jewelry has seen a downwards trend in popularity over the years.
