Gems and Jewellery Market to Grow with a CAGR of 5.95% through 2030

The Gems and Jewellery Market is expanding due to rising disposable incomes, increasing demand for luxury items, growing fashion trends, and a shift toward online shopping, driving both global and regional growth.

According to TechSci Research report, “Gems and Jewellery Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, The global Gems and Jewellery Market was valued at USD 431.57 Million in 2024 and is expected to reach USD 608.38 Million by 2030 with a CAGR of 5.95% during the forecast period. The global gems and jewellery market has experienced significant growth over the past few decades, driven by rising disposable incomes, evolving consumer preferences, and advancements in technology. Jewellery, once primarily an accessory for the elite, is now accessible to a broader demographic, with increasing demand for luxury items, customization, and ethical sourcing. The market includes a wide range of products, from high-end, precious gemstone jewellery to fashion accessories made from semi-precious materials. As a result, the market has become both diverse and expansive, encompassing numerous styles, price points, and consumer segments. The market is expected to continue expanding as the global economy recovers, with strong growth projected in emerging economies, particularly in Asia-Pacific, where jewellery consumption has surged in recent years.

With the growing affluence of the middle class in countries such as China, India, and Southeast Asia, the demand for luxury goods, including fine jewellery, has skyrocketed. This has spurred the growth of both online and offline jewellery sales channels. As consumers have more purchasing power, they are more willing to invest in high-quality, high-value pieces, such as diamonds, gold, and platinum jewellery. In particular, countries like China and India are witnessing substantial growth in jewellery demand, especially in bridal and ceremonial jewellery categories. The rise in wealth in these regions has been coupled with a greater interest in fashion, leading to a wider acceptance of jewellery as a symbol of personal identity and a form of self-expression, further driving the market.

In recent years, customization has become a significant trend within the global gems and jewellery market. Consumers are increasingly looking for unique pieces that reflect their individual tastes, milestones, and personal stories. This trend has given rise to the popularity of personalized jewellery, including custom engagement rings, birthstone jewellery, and items featuring initials or names. Advances in technology, such as 3D printing and design software, have made it easier for consumers to create their one-of-a-kind pieces, often with a direct-to-consumer model that bypasses traditional retail channels. As consumers increasingly value personalization, jewellery brands have started to embrace customization, offering a wide range of options to satisfy the demand for unique, meaningful products. This growing demand for customized products is expected to continue, as younger generations, such as Millennials and Generation Z, prioritize individuality and exclusivity in their purchases.

As consumers become more conscious of the environmental and social impact of their purchasing decisions, there is a strong shift toward eco-friendly jewellery made from recycled metals, conflict-free diamonds, and lab-grown gemstones. The ethical sourcing of materials, such as gold and diamonds, has become a critical consideration, particularly in regions like Europe and North America, where consumers are increasingly demanding transparency in the jewellery supply chain. This trend is being fueled by both environmental concerns and a desire to avoid supporting exploitative labor practices that can sometimes be associated with traditional mining operations. Brands that are able to offer ethically sourced or sustainable options are finding themselves increasingly in demand, as consumers align their purchasing power with their values. This has prompted many jewelers to explore eco-conscious materials and to adopt more sustainable practices, such as reducing waste and utilizing greener technologies in their manufacturing processes.

The rise of e-commerce and online shopping platforms has had a transformative effect on the global gems and jewellery market. Online shopping allows consumers to browse, compare, and purchase jewellery from the comfort of their homes, providing greater convenience and often more competitive pricing. With the advent of digital technologies, virtual try-ons and augmented reality (AR) tools have made online jewellery shopping more immersive and interactive, further enhancing the customer experience. Social media platforms, such as Instagram and Pinterest, also play a major role in shaping jewellery trends, with influencers, celebrities, and designers frequently promoting new collections and pieces. The increasing reliance on online retail has led to the growth of direct-to-consumer models, where brands bypass traditional brick-and-mortar retail channels and sell their products directly to buyers.

Browse over xx market data Figures spread through xx Pages and an in-depth TOC on "Global Gems and Jewellery Market.” 

The global Gems and Jewellery Market is segmented into product type, distribution channel, region. 

Based on distribution channel, online segment is the fastest-growing distribution channel in the global gems and jewellery market, driven by the increasing consumer preference for convenience and accessibility. E-commerce platforms allow consumers to browse and purchase jewellery from anywhere, often offering a wider selection and competitive pricing compared to traditional retail stores. The rise of virtual try-ons, augmented reality, and personalized shopping experiences has further enhanced the appeal of online shopping. Additionally, social media's influence on jewellery trends and direct-to-consumer business models are contributing to this rapid growth, enabling brands to reach global audiences and cater to evolving consumer demands.

Based on Region, Europe is emerging as the fastest-growing region in the global gems and jewellery market, driven by increasing consumer demand for luxury goods, sustainable jewellery, and personalized designs. The region's strong cultural appreciation for fine jewellery, particularly in countries like the UK, France, and Italy, continues to fuel market growth. Furthermore, European consumers are increasingly prioritizing ethical sourcing, such as conflict-free diamonds and eco-friendly materials, aligning with the global shift toward sustainability. The rise of online shopping and luxury e-commerce platforms also plays a key role in expanding the market, making high-quality jewellery more accessible to a broader audience.

Major companies operating in global Gems and Jewellery Market are:

• LVMH Group
• PANDORA JEWELRY LLC
• Richemont SA
• The Swatch Group AG
• Chow Tai Fook Jewelry Company Limited
• Tata Sons Private Ltd
• De Beers Jewellers US Inc.
• Swarovski Crystal Online AG
• Signet Jewelers
• Chow Tai Fook Jewellery Company Limited

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“The global Gems and Jewellery Market is poised for continued growth, driven by rising consumer affluence, the demand for customized products, and the increasing focus on sustainability. As consumer preferences continue to evolve, jewellery brands will need to adapt by offering personalized, ethically sourced, and eco-friendly products that cater to the values and desires of today’s consumers. The growing influence of e-commerce, digital technology, and social media will also shape the future of the market, offering new opportunities for brands to expand their reach and engage with customers. However, the market must also navigate challenges such as raw material price fluctuations, counterfeit products, and environmental concerns. By addressing these challenges and embracing new trends, the global gems and jewellery market is well-positioned to thrive in the coming years“, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

"Gems and Jewellery Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Rings, Necklaces, Earrings, Bracelets, Chains and Pendants), By Distribution Channel (Offline, Online), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of global Gems and Jewellery Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Gems and Jewellery Market.

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