GITNUXREPORT 2025

Jewelry Industry Statistics

Global jewelry market surpasses $278 billion driven by consumer trends.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

Approximately 20% of consumers prefer personalized jewelry options

Statistic 2

Digital marketing accounts for nearly 60% of jewelry sales leads in 2023, showing the importance of online presence

Statistic 3

The Asia-Pacific region is expected to hold more than 40% of the global jewelry market share by 2025

Statistic 4

The online jewelry market grew by 12% annually from 2018 to 2022

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The average price of engagement rings in the U.S. increased to $5,500 in 2023

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The global luxury jewelry market is projected to reach $79 billion by 2025

Statistic 7

The use of lab-grown diamonds has increased by 40% in the past two years

Statistic 8

The use of sustainable and ethically sourced materials in jewelry increased by 25% from 2020 to 2023

Statistic 9

The majority of custom jewelry orders are increasing, with a growth rate of about 10% annually since 2019

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The demand for vintage and antique jewelry has increased by 15% from 2021 to 2023

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The Asia-Pacific jewelry market is projected to grow at a CAGR of 6% from 2023 to 2028

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The use of blockchain in jewelry authentication increased by 18% in 2023

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The global market for men's jewelry is estimated to grow at a CAGR of 8% from 2023 to 2028

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The use of 3D printing technology in jewelry production is expected to grow at a CAGR of 20% through 2026

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The share of e-commerce jewelry sales in the U.S. surpassed 45% in 2023

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In 2023, sustainable jewelry sales increased by 35%, driven largely by consumer demand for eco-friendly products

Statistic 17

The use of augmented reality (AR) to try on jewelry online increased by 20% in 2023

Statistic 18

The demand for customized jewelry increased by 12% in 2023, reflecting consumer desire for unique pieces

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The growth of men's jewelry in Europe is projected at a CAGR of 7.5% from 2023 to 2028

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Jewellery industry employment in India grew by approximately 4.5% annually from 2019 to 2023

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The demand for religious and symbolic jewelry increased by 10% in 2023, reflecting cultural trends

Statistic 22

The global demand for silver jewelry is projected to grow at a CAGR of 4.2% through 2027

Statistic 23

The use of recycled metals in jewelry increased by 18% in 2022, driven by sustainability initiatives

Statistic 24

The trend toward minimalism and dainty jewelry increased sales by 20% nationally in 2023

Statistic 25

The color gemstone market is projected to grow at a CAGR of 5.3% from 2023 to 2028, driven by consumer preferences for vibrant stones

Statistic 26

The global demand for platinum jewelry increased by 12% in 2023, primarily due to its use in engagement rings

Statistic 27

The average annual growth rate for the sustainable jewelry segment is projected around 10% through 2028

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The global jewelry market was valued at approximately $278 billion in 2022

Statistic 29

The diamond jewelry segment accounted for over 50% of the global jewelry sales in 2022

Statistic 30

Gold jewelry sales make up about 45% of the total global jewelry market

Statistic 31

Millennials and Gen Z consumers accounted for over 60% of jewelry purchases in 2022

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Approximately 70% of jewelry sales in China are made during festivals and special occasions

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U.S. jewelry retail sales reached approximately $70 billion in 2022

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About 35% of consumers prefer purchasing jewelry online rather than in-store

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Nearly 80% of consumers consider jewelry as an investment

Statistic 36

Gold jewelry sales in India accounted for approximately 60% of total jewelry sales in the country in 2022

Statistic 37

The average markup on jewelry retail sales is around 100%

Statistic 38

Engagement ring sales accounted for approximately 35% of the U.S. jewelry market in 2022

Statistic 39

Silver jewelry constitutes around 25% of the global jewelry market

Statistic 40

The average weight of an engagement ring in the U.S. is approximately 2 carats

Statistic 41

In 2022, the average spend on jewelry was around $550 per person in the U.S.

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The annual global jewelry trade volume exceeds $250 billion

Statistic 43

The average profit margin for jewelry retailers in the U.S. is approximately 12%

Statistic 44

Approximately 55% of jewelry buyers in the U.S. are women

Statistic 45

The global gemstone market is valued at about $15 billion as of 2023

Statistic 46

Approximately 85% of engagement rings sold in the U.S. feature a diamond

Statistic 47

The synthetic gemstone market accounts for about 25% of global gemstone sales

Statistic 48

Gold remains the most popular precious metal choice, with about 70% of jewelry buyers preferring gold

Statistic 49

The average lifetime value of a jewelry customer is estimated at around $1,200, considering repeated purchases

Statistic 50

The rate of jewelry returns and exchanges in the U.S. is about 8% annually, primarily due to sizing and quality issues

Statistic 51

The average price of a custom engagement ring in the U.S. is approximately $7,000, higher than the average for pre-made rings

Statistic 52

The world's largest jewelry fairs, like Baselworld and JCK Las Vegas, attract over 30,000 visitors annually

Statistic 53

The mobile commerce segment accounted for 25% of global jewelry sales in 2023, highlighting the shift to smartphone purchases

Statistic 54

Approximately 40% of jewelry sales in the Middle East are luxury items, specifically high-end gold and gemstone pieces

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The majority of jewelry sales happen during the last quarter of the year, accounting for about 45% of annual sales

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The average lifespan of a piece of jewelry is around 20 years, depending on material and usage

Statistic 57

AAA-quality synthetic sapphires cost about 30% less than natural sapphires with similar qualities

Statistic 58

The average repair cost for jewelry in the U.S. is around $150, depending on the complexity

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Key Highlights

The global jewelry market was valued at approximately $278 billion in 2022
The diamond jewelry segment accounted for over 50% of the global jewelry sales in 2022
Gold jewelry sales make up about 45% of the total global jewelry market
The online jewelry market grew by 12% annually from 2018 to 2022
Millennials and Gen Z consumers accounted for over 60% of jewelry purchases in 2022
The average price of engagement rings in the U.S. increased to $5,500 in 2023
The global luxury jewelry market is projected to reach $79 billion by 2025
Approximately 70% of jewelry sales in China are made during festivals and special occasions
The use of lab-grown diamonds has increased by 40% in the past two years
The use of sustainable and ethically sourced materials in jewelry increased by 25% from 2020 to 2023
U.S. jewelry retail sales reached approximately $70 billion in 2022
About 35% of consumers prefer purchasing jewelry online rather than in-store
The average lifespan of a piece of jewelry is around 20 years, depending on material and usage

The jewelry industry is shining brighter than ever, with a market valued at over $278 billion in 2022, a surge in sustainable and online sales, and innovative trends such as lab-grown diamonds and personalized pieces driving its dynamic evolution.

Consumer Preferences

Approximately 20% of consumers prefer personalized jewelry options

Consumer Preferences Interpretation

With one in five consumers seeking personalized jewelry, the industry must recognize that in a world of mass production, truly meaningful accessories are the personalized ones.

Digital Transformation and E-commerce

Digital marketing accounts for nearly 60% of jewelry sales leads in 2023, showing the importance of online presence

Digital Transformation and E-commerce Interpretation

With digital marketing generating nearly 60% of jewelry sales leads in 2023, it's clear that in today's sparkle-centric market, an online presence isn't just optional—it's the main gem in the crown.

Geographic Market Insights

The Asia-Pacific region is expected to hold more than 40% of the global jewelry market share by 2025

Geographic Market Insights Interpretation

With Asia-Pacific on track to command over 40% of the global jewelry market by 2025, it's clear that this region is not just shining but dazzling the world's jewelry scene into a new era of dominance.

Market Growth and Trends

The online jewelry market grew by 12% annually from 2018 to 2022
The average price of engagement rings in the U.S. increased to $5,500 in 2023
The global luxury jewelry market is projected to reach $79 billion by 2025
The use of lab-grown diamonds has increased by 40% in the past two years
The use of sustainable and ethically sourced materials in jewelry increased by 25% from 2020 to 2023
The majority of custom jewelry orders are increasing, with a growth rate of about 10% annually since 2019
The demand for vintage and antique jewelry has increased by 15% from 2021 to 2023
The Asia-Pacific jewelry market is projected to grow at a CAGR of 6% from 2023 to 2028
The use of blockchain in jewelry authentication increased by 18% in 2023
The global market for men's jewelry is estimated to grow at a CAGR of 8% from 2023 to 2028
The use of 3D printing technology in jewelry production is expected to grow at a CAGR of 20% through 2026
The share of e-commerce jewelry sales in the U.S. surpassed 45% in 2023
In 2023, sustainable jewelry sales increased by 35%, driven largely by consumer demand for eco-friendly products
The use of augmented reality (AR) to try on jewelry online increased by 20% in 2023
The demand for customized jewelry increased by 12% in 2023, reflecting consumer desire for unique pieces
The growth of men's jewelry in Europe is projected at a CAGR of 7.5% from 2023 to 2028
Jewellery industry employment in India grew by approximately 4.5% annually from 2019 to 2023
The demand for religious and symbolic jewelry increased by 10% in 2023, reflecting cultural trends
The global demand for silver jewelry is projected to grow at a CAGR of 4.2% through 2027
The use of recycled metals in jewelry increased by 18% in 2022, driven by sustainability initiatives
The trend toward minimalism and dainty jewelry increased sales by 20% nationally in 2023
The color gemstone market is projected to grow at a CAGR of 5.3% from 2023 to 2028, driven by consumer preferences for vibrant stones
The global demand for platinum jewelry increased by 12% in 2023, primarily due to its use in engagement rings
The average annual growth rate for the sustainable jewelry segment is projected around 10% through 2028

Market Growth and Trends Interpretation

As the jewelry industry shines brighter with a 12% annual online growth, a $5,500 average engagement ring price, and a shifting focus toward sustainability, personalization, and technological innovation, it’s clear that amid a glittering global market projected to reach $79 billion by 2025, consumers are increasingly valuing eco-friendly, authentic, and one-of-a-kind treasures—making the industry’s future as multifaceted and luminous as the jewels it sells.

Market Segments and Consumer Preferences

The global jewelry market was valued at approximately $278 billion in 2022
The diamond jewelry segment accounted for over 50% of the global jewelry sales in 2022
Gold jewelry sales make up about 45% of the total global jewelry market
Millennials and Gen Z consumers accounted for over 60% of jewelry purchases in 2022
Approximately 70% of jewelry sales in China are made during festivals and special occasions
U.S. jewelry retail sales reached approximately $70 billion in 2022
About 35% of consumers prefer purchasing jewelry online rather than in-store
Nearly 80% of consumers consider jewelry as an investment
Gold jewelry sales in India accounted for approximately 60% of total jewelry sales in the country in 2022
The average markup on jewelry retail sales is around 100%
Engagement ring sales accounted for approximately 35% of the U.S. jewelry market in 2022
Silver jewelry constitutes around 25% of the global jewelry market
The average weight of an engagement ring in the U.S. is approximately 2 carats
In 2022, the average spend on jewelry was around $550 per person in the U.S.
The annual global jewelry trade volume exceeds $250 billion
The average profit margin for jewelry retailers in the U.S. is approximately 12%
Approximately 55% of jewelry buyers in the U.S. are women
The global gemstone market is valued at about $15 billion as of 2023
Approximately 85% of engagement rings sold in the U.S. feature a diamond
The synthetic gemstone market accounts for about 25% of global gemstone sales
Gold remains the most popular precious metal choice, with about 70% of jewelry buyers preferring gold
The average lifetime value of a jewelry customer is estimated at around $1,200, considering repeated purchases
The rate of jewelry returns and exchanges in the U.S. is about 8% annually, primarily due to sizing and quality issues
The average price of a custom engagement ring in the U.S. is approximately $7,000, higher than the average for pre-made rings
The world's largest jewelry fairs, like Baselworld and JCK Las Vegas, attract over 30,000 visitors annually
The mobile commerce segment accounted for 25% of global jewelry sales in 2023, highlighting the shift to smartphone purchases
Approximately 40% of jewelry sales in the Middle East are luxury items, specifically high-end gold and gemstone pieces
The majority of jewelry sales happen during the last quarter of the year, accounting for about 45% of annual sales

Market Segments and Consumer Preferences Interpretation

With over a quarter-trillion dollars in annual trade and millennials and Gen Z fueling over 60% of purchases, the jewelry industry glitters brighter than ever, yet its hefty markups, rising online sales, and cultural traditions show that beneath the sparkle lies a sophisticated market balancing timeless allure with modern consumer demands.

Product Materials and Innovation

The average lifespan of a piece of jewelry is around 20 years, depending on material and usage
AAA-quality synthetic sapphires cost about 30% less than natural sapphires with similar qualities
The average repair cost for jewelry in the U.S. is around $150, depending on the complexity

Product Materials and Innovation Interpretation

While a piece of jewelry may elegantly outlive a human lifespan, its repair costs hint that even treasured adornments come with a price, and for those seeking sparkle without the hefty natural sapphire tag, synthetic stones offer a shimmering, budget-friendly alternative—proving that in jewelry, as in life, quality and cost often dance a delicate waltz.