The Luxury Jewellery Market continues to expand steadily as rising disposable incomes, evolving fashion preferences, and increasing gifting trends support demand worldwide. Premium jewellery pieces made from gold, platinum, diamonds, and precious gemstones are increasingly viewed as both lifestyle symbols and long-term investment assets, contributing to the market’s long-term resilience.

The luxury jewellery market is expected to be growing at a growth rate of 6.00% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of luxury jewellery market.

Market Overview

The luxury jewellery sector is driven by brand heritage, craftsmanship, and the growing influence of celebrity endorsements and social-media-driven fashion trends. Luxury jewellery remains a key gifting category across weddings, festivals, and cultural celebrations—particularly in emerging markets in Asia-Pacific and the Middle East. In mature markets, demand is propelled by personalized designs, sustainability considerations, and the growing preference for ethically sourced materials.

Key Market Drivers

1. Rising Disposable Income and Wealth Expansion

A rapidly expanding affluent population, especially in China, India, and the UAE, contributes to higher spending on premium jewellery lines.

2. Growing Influence of Digital Platforms

Luxury brands are investing in online boutiques, AR/VR try-on tools, and social commerce to attract younger consumers.

3. Increasing Demand for Customization

Consumers are shifting from mass-produced designs to personalized and bespoke luxury pieces, encouraging innovation among brands.

4. Sustainability and Ethical Sourcing Trends

Demand is rising for ethically sourced diamonds, lab-grown alternatives, and transparent supply chains.

Market Segmentation Insights

By Product Type

• Necklaces & Chains

• Rings

• Earrings

• Bracelets

• Watches

By Material

• Gold

• Platinum

• Diamonds

• Gemstones

• Others (Silver, Titanium)

By Distribution Channel

• Offline Retail (Flagship Stores, Boutiques, Duty-Free)

• Online Luxury Platforms & Brand Websites

Key Trends Shaping the Market

1. Rise of Lab-Grown Diamonds

Affordable, sustainable, and visually identical to mined diamonds, lab-grown options are widely accepted by younger buyers.

2. Premiumization of Wedding Jewellery

Weddings remain the strongest growth area, particularly in India and China, where cultural preferences drive high spending.

3. High Demand for Vintage and Heritage Pieces

Consumers appreciate craftsmanship and timeless designs, increasing demand in auction houses and specialty vintage collections.

4. Smart Jewellery Emerges as a Niche Segment

Luxury brands are experimenting with tech-integrated rings, bracelets, and watches.

Regional Outlook

• Asia-Pacific leads the market due to high luxury spending and expanding high-net-worth populations.

• Europe remains a hub for luxury craftsmanship and global brands.

• North America maintains strong demand due to high-income consumer groups and gifting culture.

• Middle East & Africa shows strong potential driven by cultural affinity toward gold and gemstones.

Browse More Reports:

Global Stretch Blow Molding Machine Market
Global Plant Activators Market
Global Lecithin and Phospholipids Market
Global Circular Liquid Crystal Polymer Connector (LCP) Market
Global Insect Repellent Market
Global Ovarian Cancer Diagnostics Market
Global Plasma Protease C1-inhibitor Market
Global AI-Driven Pathology Tools Market
Global AI-Powered Prosthetics Market
Global Air Runner Market
Global Aliphatic Hydrocarbon Solvents and Thinners Market
Global Aneurysmal Subarachnoid Hemorrhage Market
Global Antimycotic Drugs Market
Global Auriculo-Condylar Syndrome Market
Global Automotive Stabilizer Bar Link Market

Future Forecast

The luxury jewellery market is projected to witness significant growth as premium brands expand into emerging markets, invest in omni-channel strategies, and adopt sustainable sourcing practices. Customization, digital luxury experiences, and investment-grade jewellery categories will play a crucial role in the next decade.

Data Bridge Market Research
US: +1 614 591 3140
UK: +44 845 154 9652
APAC : +653 1251 975
Email:- corporatesales@databridgemarketresearch.com