Luxury Jewellery Market Size, Share, Growth Analysis, By Raw Material (Gold, Silver), By Product (Necklace, Ring), By Distribution Channel (Online, Offline), By End User, By Region - Industry Forecast 2025-2032

Luxury Jewelry Market size was valued at USD 61.01 Billion in 2023 and is poised to grow from USD 65.8 Billion in 2024 to USD 103.32 Billion by 2032, growing at a CAGR of 7.85% during the forecast period (2025-2032).

Jewelry made with precious metals or stones is referred to as luxury jewelry. Jewelry design, mold-making, polishing, casting, and plating of metals like gold, silver, or platinum are all part of the manufacturing process. Rings, bracelets, earrings, cufflinks, tie clips, watches, necklaces, and hair accessories are examples of luxury jewelry and timepieces.

Increased modernization, westernization, and personal disposable income are the main drivers of the luxury jewelry market's expansion. Other indirect factors driving the growth of the luxury jewelry market include an increase in consumer preference for opulent goods, the advancement of the jewelry industry, and the rise of new fashion jewelry. The preference of consumers for branded jewelry is growing, which has further encouraged manufacturers to promote the widespread availability of various types of luxury jewelry in the market. Long-term market expansion opportunities for luxury jewelry will also be lucrative and rewarding owing to the increase in television marketing and the expanding use of ornaments in ceremonies. Additionally, a sharp rise in consumer belief in astrology will pave the way for the expansion of the luxury apparel market.

US Luxury Jewelry Market is poised to grow at a sustainable CAGR for the next forecast year.