GITNUXREPORT 2026

Jewelry Watch Industry Statistics

The global jewelry and watch markets show impressive and sustained growth overall.

Rajesh Patel

Rajesh Patel

Team Lead & Senior Researcher with over 15 years of experience in market research and data analytics.

First published: Feb 13, 2026

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Key Statistics

Statistic 1

Rolex holds 30% share of luxury watch market.

Statistic 2

Cartier jewelry sales USD 6 billion in 2022.

Statistic 3

Omega watch sales grew 15% to CHF 2.5 billion.

Statistic 4

Pandora beads jewelry revenue DKK 28 billion in 2022.

Statistic 5

Patek Philippe produced 62,000 watches in 2022.

Statistic 6

Tiffany & Co. acquired by LVMH for USD 15.8 billion.

Statistic 7

Audemars Piguet sales CHF 2.8 billion up 17%.

Statistic 8

Bulgari revenue EUR 2.1 billion in jewelry segment.

Statistic 9

Tag Heuer smartwatches 20% of brand sales.

Statistic 10

Signet Jewelers (Kay, Zales) USD 7.8 billion revenue.

Statistic 11

Richard Mille sold 5,500 watches average price CHF 200,000.

Statistic 12

Chow Tai Fook China sales HKD 100 billion.

Statistic 13

Vacheron Constantin 25,000 units produced annually.

Statistic 14

Harry Winston diamonds revenue USD 500 million.

Statistic 15

Fossil Group watches down 10% market share to 5%.

Statistic 16

Graff Diamonds high jewelry sales GBP 500 million.

Statistic 17

Breitling revenue CHF 900 million in 2022.

Statistic 18

Lukfook Jewelry HKD 15 billion sales.

Statistic 19

IWC Schaffhausen grew 12% to CHF 800 million.

Statistic 20

Piaget watches and jewelry CHF 600 million.

Statistic 21

Chopard sales CHF 1 billion milestone in 2022.

Statistic 22

Jaeger-LeCoultre 45,000 watches produced.

Statistic 23

Malabar Gold & Diamonds 350 stores, INR 40,000 crore revenue.

Statistic 24

Zenith brand revenue up 20% under LVMH.

Statistic 25

Buccellati acquired by Richemont for EUR 1 billion.

Statistic 26

Longines sales CHF 1.5 billion stable growth.

Statistic 27

Mikimoto pearls revenue JPY 50 billion.

Statistic 28

Hublot sales CHF 600 million record year.

Statistic 29

Tanishq (Titan) INR 35,000 crore jewelry sales.

Statistic 30

Blancpain ultra-luxury segment leader with 15,000 units.

Statistic 31

Van Cleef & Arpels high jewelry EUR 800 million.

Statistic 32

45% of consumers aged 18-34 prefer sustainable jewelry materials.

Statistic 33

62% of luxury watch buyers are male, with average age 42 years.

Statistic 34

78% of millennials consider brand heritage important in watch purchases.

Statistic 35

Gold jewelry accounts for 50% of purchases by women in India.

Statistic 36

35% increase in female watch buyers since 2019.

Statistic 37

55% of Gen Z prioritize personalization in jewelry.

Statistic 38

Average spend on luxury watches by HNWIs is USD 25,000.

Statistic 39

40% of consumers now buy lab-grown diamonds over natural.

Statistic 40

Engagement ring average price USD 5,500 in US 2023.

Statistic 41

67% of Chinese consumers prefer Swiss brands for watches.

Statistic 42

Vintage styles popular with 52% of buyers under 40.

Statistic 43

70% of luxury jewelry purchases influenced by social media.

Statistic 44

Smartwatch adoption at 28% among 25-34 year olds.

Statistic 45

Ethical sourcing influences 60% of European jewelry buyers.

Statistic 46

Men’s jewelry market growing 9% annually driven by 18-24 males.

Statistic 47

48% prefer minimalist designs in watches post-pandemic.

Statistic 48

Wedding jewelry demand up 15% among 30-40 age group.

Statistic 49

75% of HNWIs collect watches as investments.

Statistic 50

Colorful gemstones preferred by 55% of female buyers.

Statistic 51

Subscription models for jewelry tried by 12% of young consumers.

Statistic 52

65% value traceability in diamond purchases.

Statistic 53

Oversized watches favored by 40% of Gen Z.

Statistic 54

52% of buyers influenced by celebrity endorsements.

Statistic 55

Eco-friendly packaging sways 38% of purchases.

Statistic 56

Layered necklaces trend adopted by 60% women 18-35.

Statistic 57

44% prefer unisex jewelry designs.

Statistic 58

Second-hand watches bought by 25% of luxury consumers.

Statistic 59

70% of Indian buyers prefer gold for cultural reasons.

Statistic 60

Hyper-personalization demanded by 50% luxury clients.

Statistic 61

55% of US consumers buy jewelry as gifts annually.

Statistic 62

Global gold jewelry fabrication was 2,093 tonnes in 2022.

Statistic 63

Switzerland produces 95% of its watches domestically.

Statistic 64

India refines 20% of global gold for jewelry.

Statistic 65

80% of diamonds are cut and polished in India.

Statistic 66

China manufactures 60% of global quartz watches.

Statistic 67

Average gold jewelry karat in Middle East is 22K.

Statistic 68

1.5 million tonnes of silver mined annually for jewelry use.

Statistic 69

Robotic automation used in 40% of Swiss watch assembly.

Statistic 70

Thailand produces 8% of world's colored gemstones.

Statistic 71

70% of costume jewelry manufactured in Asia.

Statistic 72

Hong Kong handles 40% of global watch re-exports.

Statistic 73

Ethical gold supply chain certified for 25% of market.

Statistic 74

500 tonnes of recycled gold used in jewelry yearly.

Statistic 75

Italy specializes in 50% of luxury jewelry craftsmanship.

Statistic 76

3D printing adopted by 15% of jewelry manufacturers.

Statistic 77

Antwerp diamond trade hub polishes 85% of rough diamonds.

Statistic 78

Vietnam emerging in silver jewelry production at 10% share.

Statistic 79

Supply chain disruptions affected 30% of watch deliveries in 2022.

Statistic 80

Blockchain traceability in 10% of diamond supply chains.

Statistic 81

2,000 tonnes platinum group metals for jewelry annually.

Statistic 82

Turkey produces 7% of global gold jewelry exports.

Statistic 83

AI used for gemstone grading in 20% factories.

Statistic 84

Bali handcrafts 5% of luxury pearl jewelry.

Statistic 85

Carbon footprint of gold mining reduced 15% industry-wide.

Statistic 86

90% of Swiss watches use ETA movements or equivalents.

Statistic 87

Lab-grown diamonds production at 10 million carats in 2023.

Statistic 88

Global jewelry recycling rate at 30% of supply.

Statistic 89

The global jewelry market was valued at USD 249.45 billion in 2022 and is projected to reach USD 482.22 billion by 2030, growing at a CAGR of 8.7% from 2023 to 2030.

Statistic 90

The luxury watch market size was estimated at USD 52.5 billion in 2023 and is expected to grow at a CAGR of 5.2% from 2024 to 2030.

Statistic 91

Swiss watch exports reached CHF 25.8 billion in 2022, marking a 10.5% increase from 2021.

Statistic 92

The global smartwatch market, overlapping with watch industry, hit USD 40.65 billion in 2022 with a projected CAGR of 7.5% through 2030.

Statistic 93

Jewelry retail sales in the US amounted to USD 72.5 billion in 2022.

Statistic 94

The Asia-Pacific jewelry market dominated with over 50% share in 2022, valued at approximately USD 130 billion.

Statistic 95

Global fine jewelry market revenue grew by 12% in 2022 to USD 35 billion.

Statistic 96

Watch market in China reached CNY 150 billion in 2022, up 8% YoY.

Statistic 97

Costume jewelry segment was valued at USD 28.4 billion globally in 2022, CAGR 5.8% forecast.

Statistic 98

Indian jewelry market size stood at USD 78 billion in FY2022.

Statistic 99

Global diamond jewelry market valued at USD 89 billion in 2022, projected to USD 120 billion by 2030.

Statistic 100

Luxury goods market including high-end watches grew 8% to EUR 353 billion in 2022.

Statistic 101

US watch sales revenue was USD 12.3 billion in 2022.

Statistic 102

Gold jewelry demand worldwide was 2,125 tonnes in 2022.

Statistic 103

Silver jewelry market size reached USD 25 billion in 2023.

Statistic 104

European jewelry market valued at EUR 40 billion in 2022.

Statistic 105

Mechanical watch segment grew 15% in value terms in 2022.

Statistic 106

E-commerce jewelry sales surged to 20% of total in 2022 globally.

Statistic 107

Vintage watch market estimated at USD 2.5 billion in 2023.

Statistic 108

Precious metal jewelry accounted for 70% of market share in 2022.

Statistic 109

Global jewelry market CAGR projected at 4.7% from 2023-2028.

Statistic 110

Watch exports from Hong Kong hit HKD 50 billion in 2022.

Statistic 111

Lab-grown diamond jewelry market to grow at 18% CAGR to 2030.

Statistic 112

Middle East jewelry market valued at USD 20 billion in 2022.

Statistic 113

Sport watch segment revenue USD 10 billion globally in 2022.

Statistic 114

Pearl jewelry market size USD 11.5 billion in 2022.

Statistic 115

Rolex sales estimated at CHF 10 billion in 2022.

Statistic 116

Global gemstone jewelry market USD 35 billion in 2023.

Statistic 117

Swiss watch production 7.5 million units in 2022.

Statistic 118

Online watch sales grew 25% YoY to USD 5 billion in 2022.

Statistic 119

E-commerce jewelry sales channel captured 15% market share in 2022.

Statistic 120

Luxury watch boutiques account for 60% of high-end sales.

Statistic 121

Duty-free shops contributed 10% to watch sales in 2022.

Statistic 122

Online platforms like Chrono24 sold USD 3 billion in used watches.

Statistic 123

Department stores jewelry sales down 5% to offline channels.

Statistic 124

Pop-up stores boosted sales by 20% for brands like Tiffany.

Statistic 125

Export sales represent 90% of Swiss watch revenue.

Statistic 126

Multi-brand retailers hold 25% jewelry market share.

Statistic 127

Direct-to-consumer models adopted by 15% brands.

Statistic 128

Airport retail jewelry up 18% post-recovery.

Statistic 129

Subscription jewelry boxes reached 5 million users globally.

Statistic 130

Grey market watches account for 20% of secondary sales.

Statistic 131

Omnichannel strategies increased conversion by 30%.

Statistic 132

India kirana stores sell 40% of mass jewelry.

Statistic 133

Live commerce on platforms like Taobao 15% watch sales.

Statistic 134

Auction houses like Sotheby's sold USD 150 million watches.

Statistic 135

Wholesale to independent jewelers 35% volume.

Statistic 136

Metaverse jewelry sales experimental at 1% share.

Statistic 137

Flagship stores in Paris generated 12% global sales for LVMH.

Statistic 138

Flash sales events drove 25% revenue spikes.

Statistic 139

Vending machines for affordable jewelry in Asia 2% market.

Statistic 140

B2B platforms like Alibaba Jewelry 30% trade volume.

Statistic 141

Experiential retail like Tiffany Blue Box up 40% footfall.

Sources
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As the global jewelry market surges toward half a trillion dollars and wristwatches transform from timekeepers into coveted assets, the shimmering intersection of art and investment is being redefined by a new generation of buyers.

Key Takeaways

  • The global jewelry market was valued at USD 249.45 billion in 2022 and is projected to reach USD 482.22 billion by 2030, growing at a CAGR of 8.7% from 2023 to 2030.
  • The luxury watch market size was estimated at USD 52.5 billion in 2023 and is expected to grow at a CAGR of 5.2% from 2024 to 2030.
  • Swiss watch exports reached CHF 25.8 billion in 2022, marking a 10.5% increase from 2021.
  • 45% of consumers aged 18-34 prefer sustainable jewelry materials.
  • 62% of luxury watch buyers are male, with average age 42 years.
  • 78% of millennials consider brand heritage important in watch purchases.
  • Global gold jewelry fabrication was 2,093 tonnes in 2022.
  • Switzerland produces 95% of its watches domestically.
  • India refines 20% of global gold for jewelry.
  • E-commerce jewelry sales channel captured 15% market share in 2022.
  • Luxury watch boutiques account for 60% of high-end sales.
  • Duty-free shops contributed 10% to watch sales in 2022.
  • Rolex holds 30% share of luxury watch market.
  • Cartier jewelry sales USD 6 billion in 2022.
  • Omega watch sales grew 15% to CHF 2.5 billion.

The global jewelry and watch markets show impressive and sustained growth overall.

Brands and Competitive Landscape

  • Rolex holds 30% share of luxury watch market.
  • Cartier jewelry sales USD 6 billion in 2022.
  • Omega watch sales grew 15% to CHF 2.5 billion.
  • Pandora beads jewelry revenue DKK 28 billion in 2022.
  • Patek Philippe produced 62,000 watches in 2022.
  • Tiffany & Co. acquired by LVMH for USD 15.8 billion.
  • Audemars Piguet sales CHF 2.8 billion up 17%.
  • Bulgari revenue EUR 2.1 billion in jewelry segment.
  • Tag Heuer smartwatches 20% of brand sales.
  • Signet Jewelers (Kay, Zales) USD 7.8 billion revenue.
  • Richard Mille sold 5,500 watches average price CHF 200,000.
  • Chow Tai Fook China sales HKD 100 billion.
  • Vacheron Constantin 25,000 units produced annually.
  • Harry Winston diamonds revenue USD 500 million.
  • Fossil Group watches down 10% market share to 5%.
  • Graff Diamonds high jewelry sales GBP 500 million.
  • Breitling revenue CHF 900 million in 2022.
  • Lukfook Jewelry HKD 15 billion sales.
  • IWC Schaffhausen grew 12% to CHF 800 million.
  • Piaget watches and jewelry CHF 600 million.
  • Chopard sales CHF 1 billion milestone in 2022.
  • Jaeger-LeCoultre 45,000 watches produced.
  • Malabar Gold & Diamonds 350 stores, INR 40,000 crore revenue.
  • Zenith brand revenue up 20% under LVMH.
  • Buccellati acquired by Richemont for EUR 1 billion.
  • Longines sales CHF 1.5 billion stable growth.
  • Mikimoto pearls revenue JPY 50 billion.
  • Hublot sales CHF 600 million record year.
  • Tanishq (Titan) INR 35,000 crore jewelry sales.
  • Blancpain ultra-luxury segment leader with 15,000 units.
  • Van Cleef & Arpels high jewelry EUR 800 million.

Brands and Competitive Landscape Interpretation

Despite Rolex wearing the heavyweight crown and Cartier shining bright, the real story is that the luxury watch and jewelry market thrives on a dizzying spectrum, from Omega's steady climb and Patek's meticulous scarcity to Signet's mall-filling empire and the fact that Richard Mille sells the price of a house on a wrist faster than a sneaker drop.

Consumer Trends and Preferences

  • 45% of consumers aged 18-34 prefer sustainable jewelry materials.
  • 62% of luxury watch buyers are male, with average age 42 years.
  • 78% of millennials consider brand heritage important in watch purchases.
  • Gold jewelry accounts for 50% of purchases by women in India.
  • 35% increase in female watch buyers since 2019.
  • 55% of Gen Z prioritize personalization in jewelry.
  • Average spend on luxury watches by HNWIs is USD 25,000.
  • 40% of consumers now buy lab-grown diamonds over natural.
  • Engagement ring average price USD 5,500 in US 2023.
  • 67% of Chinese consumers prefer Swiss brands for watches.
  • Vintage styles popular with 52% of buyers under 40.
  • 70% of luxury jewelry purchases influenced by social media.
  • Smartwatch adoption at 28% among 25-34 year olds.
  • Ethical sourcing influences 60% of European jewelry buyers.
  • Men’s jewelry market growing 9% annually driven by 18-24 males.
  • 48% prefer minimalist designs in watches post-pandemic.
  • Wedding jewelry demand up 15% among 30-40 age group.
  • 75% of HNWIs collect watches as investments.
  • Colorful gemstones preferred by 55% of female buyers.
  • Subscription models for jewelry tried by 12% of young consumers.
  • 65% value traceability in diamond purchases.
  • Oversized watches favored by 40% of Gen Z.
  • 52% of buyers influenced by celebrity endorsements.
  • Eco-friendly packaging sways 38% of purchases.
  • Layered necklaces trend adopted by 60% women 18-35.
  • 44% prefer unisex jewelry designs.
  • Second-hand watches bought by 25% of luxury consumers.
  • 70% of Indian buyers prefer gold for cultural reasons.
  • Hyper-personalization demanded by 50% luxury clients.
  • 55% of US consumers buy jewelry as gifts annually.

Consumer Trends and Preferences Interpretation

The jewelry and watch industry is a fascinating paradox where timeless heritage meets modern values, with younger generations driving demand for both sustainable gold and lab-grown diamonds while older, wealthier collectors invest in Swiss watches as assets, all heavily influenced by social media trends and a growing desire for personalization.

Manufacturing and Supply Chain

  • Global gold jewelry fabrication was 2,093 tonnes in 2022.
  • Switzerland produces 95% of its watches domestically.
  • India refines 20% of global gold for jewelry.
  • 80% of diamonds are cut and polished in India.
  • China manufactures 60% of global quartz watches.
  • Average gold jewelry karat in Middle East is 22K.
  • 1.5 million tonnes of silver mined annually for jewelry use.
  • Robotic automation used in 40% of Swiss watch assembly.
  • Thailand produces 8% of world's colored gemstones.
  • 70% of costume jewelry manufactured in Asia.
  • Hong Kong handles 40% of global watch re-exports.
  • Ethical gold supply chain certified for 25% of market.
  • 500 tonnes of recycled gold used in jewelry yearly.
  • Italy specializes in 50% of luxury jewelry craftsmanship.
  • 3D printing adopted by 15% of jewelry manufacturers.
  • Antwerp diamond trade hub polishes 85% of rough diamonds.
  • Vietnam emerging in silver jewelry production at 10% share.
  • Supply chain disruptions affected 30% of watch deliveries in 2022.
  • Blockchain traceability in 10% of diamond supply chains.
  • 2,000 tonnes platinum group metals for jewelry annually.
  • Turkey produces 7% of global gold jewelry exports.
  • AI used for gemstone grading in 20% factories.
  • Bali handcrafts 5% of luxury pearl jewelry.
  • Carbon footprint of gold mining reduced 15% industry-wide.
  • 90% of Swiss watches use ETA movements or equivalents.
  • Lab-grown diamonds production at 10 million carats in 2023.
  • Global jewelry recycling rate at 30% of supply.

Manufacturing and Supply Chain Interpretation

While Switzerland robotically guards its horological heart, India cuts and refines the world's sparkle, China times the masses, and Italy gilds the elite, this global jewelry ecosystem—from the 22-karat embrace of the Middle East to the recycled gold in our new treasures—is a brilliant but burdened tapestry of ancient craft, modern might, and mounting ethical ambition.

Market Size and Growth

  • The global jewelry market was valued at USD 249.45 billion in 2022 and is projected to reach USD 482.22 billion by 2030, growing at a CAGR of 8.7% from 2023 to 2030.
  • The luxury watch market size was estimated at USD 52.5 billion in 2023 and is expected to grow at a CAGR of 5.2% from 2024 to 2030.
  • Swiss watch exports reached CHF 25.8 billion in 2022, marking a 10.5% increase from 2021.
  • The global smartwatch market, overlapping with watch industry, hit USD 40.65 billion in 2022 with a projected CAGR of 7.5% through 2030.
  • Jewelry retail sales in the US amounted to USD 72.5 billion in 2022.
  • The Asia-Pacific jewelry market dominated with over 50% share in 2022, valued at approximately USD 130 billion.
  • Global fine jewelry market revenue grew by 12% in 2022 to USD 35 billion.
  • Watch market in China reached CNY 150 billion in 2022, up 8% YoY.
  • Costume jewelry segment was valued at USD 28.4 billion globally in 2022, CAGR 5.8% forecast.
  • Indian jewelry market size stood at USD 78 billion in FY2022.
  • Global diamond jewelry market valued at USD 89 billion in 2022, projected to USD 120 billion by 2030.
  • Luxury goods market including high-end watches grew 8% to EUR 353 billion in 2022.
  • US watch sales revenue was USD 12.3 billion in 2022.
  • Gold jewelry demand worldwide was 2,125 tonnes in 2022.
  • Silver jewelry market size reached USD 25 billion in 2023.
  • European jewelry market valued at EUR 40 billion in 2022.
  • Mechanical watch segment grew 15% in value terms in 2022.
  • E-commerce jewelry sales surged to 20% of total in 2022 globally.
  • Vintage watch market estimated at USD 2.5 billion in 2023.
  • Precious metal jewelry accounted for 70% of market share in 2022.
  • Global jewelry market CAGR projected at 4.7% from 2023-2028.
  • Watch exports from Hong Kong hit HKD 50 billion in 2022.
  • Lab-grown diamond jewelry market to grow at 18% CAGR to 2030.
  • Middle East jewelry market valued at USD 20 billion in 2022.
  • Sport watch segment revenue USD 10 billion globally in 2022.
  • Pearl jewelry market size USD 11.5 billion in 2022.
  • Rolex sales estimated at CHF 10 billion in 2022.
  • Global gemstone jewelry market USD 35 billion in 2023.
  • Swiss watch production 7.5 million units in 2022.
  • Online watch sales grew 25% YoY to USD 5 billion in 2022.

Market Size and Growth Interpretation

While the global jewelry market gleams with the promise of near-trillion-dollar growth, the luxury watch industry ticks along steadily, proving that even in a digital age, we still crave timeless objects to mark our time and fortune.

Sales Channels and Distribution

  • E-commerce jewelry sales channel captured 15% market share in 2022.
  • Luxury watch boutiques account for 60% of high-end sales.
  • Duty-free shops contributed 10% to watch sales in 2022.
  • Online platforms like Chrono24 sold USD 3 billion in used watches.
  • Department stores jewelry sales down 5% to offline channels.
  • Pop-up stores boosted sales by 20% for brands like Tiffany.
  • Export sales represent 90% of Swiss watch revenue.
  • Multi-brand retailers hold 25% jewelry market share.
  • Direct-to-consumer models adopted by 15% brands.
  • Airport retail jewelry up 18% post-recovery.
  • Subscription jewelry boxes reached 5 million users globally.
  • Grey market watches account for 20% of secondary sales.
  • Omnichannel strategies increased conversion by 30%.
  • India kirana stores sell 40% of mass jewelry.
  • Live commerce on platforms like Taobao 15% watch sales.
  • Auction houses like Sotheby's sold USD 150 million watches.
  • Wholesale to independent jewelers 35% volume.
  • Metaverse jewelry sales experimental at 1% share.
  • Flagship stores in Paris generated 12% global sales for LVMH.
  • Flash sales events drove 25% revenue spikes.
  • Vending machines for affordable jewelry in Asia 2% market.
  • B2B platforms like Alibaba Jewelry 30% trade volume.
  • Experiential retail like Tiffany Blue Box up 40% footfall.

Sales Channels and Distribution Interpretation

While e-commerce snaps up a respectable 15% of the jewelry market, the old guard of luxury boutiques still holds the crown with 60% of high-end watch sales, proving that even in a digital age, some treasures are still best discovered in person.

Sources & References

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