GITNUXREPORT 2026

Luxury Jewelry Industry Statistics

The luxury jewelry market grew robustly in 2023, driven by high spending from wealthy individuals globally.

Alexander Schmidt

Research Analyst specializing in technology and digital transformation trends.

First published: Feb 13, 2026

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Statistic 1

Millennials represent 42% of luxury jewelry buyers worldwide.

Statistic 2

Women aged 25-34 account for 28% of luxury jewelry purchases in the US.

Statistic 3

65% of Chinese luxury jewelry consumers are under 40 years old.

Statistic 4

HNWIs with net worth over $30M buy 22% more luxury jewelry annually.

Statistic 5

37% of Gen Z prefer sustainable luxury jewelry brands.

Statistic 6

Male luxury jewelry buyers grew from 12% to 28% between 2018-2023.

Statistic 7

52% of luxury jewelry purchases in India are by urban millennials.

Statistic 8

UHNWIs in Middle East spend 15% of luxury budget on jewelry.

Statistic 9

48% of US luxury jewelry buyers have household income >$250K.

Statistic 10

Boomers (55+) hold 31% share of luxury jewelry spending globally.

Statistic 11

71% of luxury jewelry shoppers research online before buying.

Statistic 12

Asian consumers prioritize brand heritage in 59% of purchases.

Statistic 13

26% of luxury jewelry buyers are first-time purchasers post-2020.

Statistic 14

Female executives buy 40% more luxury jewelry than average women.

Statistic 15

55% of French luxury jewelry consumers are repeat buyers annually.

Statistic 16

Gen Z in US allocates 18% of discretionary spend to jewelry.

Statistic 17

62% of luxury jewelry buyers influenced by social media influencers.

Statistic 18

Brazilian luxury consumers under 35 drive 45% of jewelry sales.

Statistic 19

39% of luxury jewelry purchases made as self-gifts by women.

Statistic 20

Russian HNWIs prefer colored gems, 67% of their jewelry buys.

Statistic 21

51% of Japanese luxury buyers are married women aged 30-50.

Statistic 22

UK luxury jewelry buyers 70% urban dwellers with >£100K income.

Statistic 23

44% of global luxury jewelry spend by top 1% income bracket.

Statistic 24

Italian consumers favor family heirlooms, 33% of purchases.

Statistic 25

29% growth in luxury jewelry buying by single professionals.

Statistic 26

Australia luxury buyers 58% female, average age 38.

Statistic 27

Cartier holds 12.3% global market share in luxury jewelry in 2023.

Statistic 28

Tiffany & Co. reported $6.6 billion in jewelry sales for 2023.

Statistic 29

Bulgari's luxury jewelry revenue grew 14% to €2.1 billion in 2023.

Statistic 30

Harry Winston fine jewelry sales up 9% year-over-year in 2023.

Statistic 31

Van Cleef & Arpels achieved 18% growth in high jewelry segment.

Statistic 32

Graff Diamonds sold over 500 high-end pieces averaging $1M each in 2023.

Statistic 33

Piaget's jewelry line contributed 22% to total brand revenue in 2023.

Statistic 34

Chopard's Happy Diamonds collection generated €450M in 2023 sales.

Statistic 35

Buccellati revenue reached €120M with 12% growth in luxury jewelry.

Statistic 36

Mikimoto pearl jewelry sales hit $300M globally in 2023.

Statistic 37

Boucheron reported 11% increase in jewelry sales to €500M.

Statistic 38

Chaumet's high jewelry auctions fetched $45M in 2023.

Statistic 39

Fabergé revived sales to $80M with modern luxury collections.

Statistic 40

De Beers diamond jewelry retail sales $4.2B through licensees in 2023.

Statistic 41

Piaget Altiplano jewelry watches sold 15,000 units at avg $50K.

Statistic 42

Pomellato rose gold jewelry line up 20% in sales volume.

Statistic 43

David Yurman US sales exceeded $600M in luxury segment.

Statistic 44

Messika Paris grew 25% in Middle East luxury markets.

Statistic 45

Verdura vintage-inspired jewelry sales $150M in 2023.

Statistic 46

Suzanne Belperron re-edition pieces sold out 95% in 2023.

Statistic 47

Chanel fine jewelry revenue €800M, up 8% in 2023.

Statistic 48

Dior Joaillerie collection debuted with $200M first-year sales.

Statistic 49

Louis Vuitton jewelry line expanded to $350M revenue.

Statistic 50

Gucci jewelry sales recovered 10% to €400M in 2023.

Statistic 51

Hermès Birkin-inspired jewelry sold 2,000 pieces avg $20K.

Statistic 52

Rolex diamond-set models jewelry revenue $1.2B.

Statistic 53

Omega Constellation jewelry watches up 15% sales.

Statistic 54

TAG Heuer Carrera jewelry editions $180M sales.

Statistic 55

Audemars Piguet Royal Oak jewelry $250M in 2023.

Statistic 56

Patek Philippe complications jewelry $900M revenue.

Statistic 57

Vacheron Constantin high jewelry $400M sales growth.

Statistic 58

The global luxury jewelry market size reached $52.7 billion in 2023, driven by high-net-worth individuals' spending.

Statistic 59

Luxury jewelry sales grew by 8.2% year-over-year in 2023, outperforming other luxury segments.

Statistic 60

The fine jewelry segment within luxury accounted for 62% of total market revenue in 2023.

Statistic 61

Asia-Pacific region contributed 45% to global luxury jewelry revenue in 2023.

Statistic 62

Average price per luxury jewelry piece sold increased by 12% from 2021 to 2023.

Statistic 63

U.S. luxury jewelry market valued at $14.2 billion in 2023, up 7.5% from prior year.

Statistic 64

Online luxury jewelry sales surged 22% in 2023 to represent 18% of total sales.

Statistic 65

Bridal luxury jewelry segment grew 15% in 2023 due to wedding boom post-pandemic.

Statistic 66

Sustainable luxury jewelry market subset valued at $3.8 billion in 2023.

Statistic 67

China’s luxury jewelry imports rose 11% to $12.5 billion in 2023.

Statistic 68

Europe luxury jewelry market declined 2% in 2023 amid economic pressures.

Statistic 69

Men's luxury jewelry sales increased 25% from 2020 to 2023.

Statistic 70

Global luxury jewelry CAGR projected at 6.8% from 2024-2030.

Statistic 71

India luxury jewelry market hit $8.9 billion in 2023, fueled by rising affluent class.

Statistic 72

Lab-grown diamond luxury jewelry sales up 42% in 2023.

Statistic 73

High-net-worth individuals (HNWIs) spent $28.4 billion on luxury jewelry in 2023.

Statistic 74

Luxury jewelry e-commerce penetration reached 25% globally in 2023.

Statistic 75

Middle East luxury jewelry market grew 9.8% to $4.2 billion in 2023.

Statistic 76

Vintage luxury jewelry resale market valued at $1.7 billion in 2023.

Statistic 77

Global luxury jewelry exports from Switzerland reached $15.3 billion in 2023.

Statistic 78

Luxury jewelry market in Japan valued at $3.1 billion in 2023, up 4%.

Statistic 79

Personalized luxury jewelry segment grew 18% year-over-year in 2023.

Statistic 80

Ultra-high-net-worth individuals drove 35% of luxury jewelry sales in 2023.

Statistic 81

Latin America luxury jewelry market expanded 6.5% to $2.8 billion in 2023.

Statistic 82

Russia luxury jewelry sales dropped 15% in 2023 due to sanctions.

Statistic 83

Australia luxury jewelry market reached $1.9 billion in 2023.

Statistic 84

Global luxury jewelry retail space expanded by 3.2% in 2023.

Statistic 85

Black Friday luxury jewelry sales spiked 28% in 2023.

Statistic 86

Southeast Asia luxury jewelry market valued at $5.6 billion in 2023.

Statistic 87

UK luxury jewelry sector generated £4.2 billion in 2023.

Statistic 88

Asia luxury jewelry market to grow at 8.5% CAGR to 2030.

Statistic 89

US luxury jewelry imports from Europe hit $9.8B in 2023.

Statistic 90

China dominates 38% of global luxury jewelry consumption.

Statistic 91

Dubai free zones handled 25% of global luxury jewelry trade.

Statistic 92

India exports $35B in gems/jewelry, 10% luxury segment.

Statistic 93

Hong Kong luxury jewelry retail sales up 12% to HKD 45B.

Statistic 94

Switzerland exports 55% of world luxury watches/jewelry.

Statistic 95

France luxury jewelry tourism sales €3.2B in Paris alone.

Statistic 96

Southeast Asia cross-border e-com jewelry $2.1B.

Statistic 97

Brazil luxury jewelry market projected 7% annual growth.

Statistic 98

Middle East HNWIs 18% global jewelry spend share.

Statistic 99

Italy luxury jewelry production €8.5B, 90% exported.

Statistic 100

Singapore luxury jewelry hub sales SGD 1.2B.

Statistic 101

UK post-Brexit luxury jewelry duties impacted 5% sales.

Statistic 102

Africa luxury jewelry market nascent at $800M, 15% growth.

Statistic 103

Canada luxury jewelry retail $2.4B CAD in 2023.

Statistic 104

Thailand tourist jewelry spend $1.5B USD annually.

Statistic 105

Germany luxury jewelry e-sales 22% of total market.

Statistic 106

Mexico luxury imports from US up 11% to $1.1B.

Statistic 107

Antwerp diamond trade volume 45% global rough, luxury link.

Statistic 108

South Korea luxury jewelry K-pop influenced 20% sales.

Statistic 109

Turkey Istanbul jewelry exports €2.3B to luxury markets.

Statistic 110

New York diamond district 30% US luxury wholesale.

Statistic 111

Vietnam emerging luxury market $500M, 25% CAGR.

Statistic 112

Belgium luxury jewelry VAT rebate boosted 8% sales.

Statistic 113

Indonesia Bali luxury jewelry tourism $400M.

Statistic 114

Spain Madrid luxury district sales €1.8B.

Statistic 115

Lab-grown diamonds production reached 7 million carats in 2023.

Statistic 116

3D printing used in 35% of new luxury jewelry prototypes in 2023.

Statistic 117

Sustainable sourcing certified 48% of luxury gold used in 2023.

Statistic 118

NFT-linked luxury jewelry collections sold $50M in 2023.

Statistic 119

Recycled precious metals comprised 22% of luxury jewelry material.

Statistic 120

AR try-on features adopted by 60% of luxury jewelry e-tailers.

Statistic 121

Colored gemstones demand up 17% for emeralds in luxury.

Statistic 122

Minimalist designs dominated 41% of new luxury launches.

Statistic 123

Personalization via AI engraving in 25% of custom orders.

Statistic 124

Vegan alternatives to pearls grew 30% in luxury segment.

Statistic 125

Modular luxury jewelry systems sales up 28%.

Statistic 126

Heritage re-editions accounted for 19% of sales revival.

Statistic 127

Tech-infused jewelry with trackers sold 10,000 units.

Statistic 128

Upcycled vintage materials in 15% of new collections.

Statistic 129

Gender-neutral designs rose to 32% of luxury portfolios.

Statistic 130

Biometric-authenticated luxury pieces debuted 50 models.

Statistic 131

Ocean-inspired sustainable collections 20% sales growth.

Statistic 132

Holographic gem treatments in 8% of high jewelry.

Statistic 133

Collaborations with artists boosted 22% brand visibility.

Statistic 134

Zero-waste production achieved by 12 luxury brands fully.

Statistic 135

Metaverse virtual jewelry sales $15M in luxury.

Statistic 136

Nano-diamond coatings enhanced 40% durability claims.

Statistic 137

Wellness gemstone jewelry (e.g., crystals) up 35%.

Statistic 138

Stackable rings trend captured 27% of fine jewelry sales.

Statistic 139

Luminescent materials in 14% of evening wear pieces.

1/139

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In a world where lab-grown diamonds are soaring and traditional markets like Europe are stuttering, the luxury jewelry industry is experiencing a dazzling and dynamic global transformation, driven by high-net-worth individuals who spent a staggering $28.4 billion last year alone.

Key Takeaways

The global luxury jewelry market size reached $52.7 billion in 2023, driven by high-net-worth individuals' spending.
Luxury jewelry sales grew by 8.2% year-over-year in 2023, outperforming other luxury segments.
The fine jewelry segment within luxury accounted for 62% of total market revenue in 2023.
Millennials represent 42% of luxury jewelry buyers worldwide.
Women aged 25-34 account for 28% of luxury jewelry purchases in the US.
65% of Chinese luxury jewelry consumers are under 40 years old.
Cartier holds 12.3% global market share in luxury jewelry in 2023.
Tiffany & Co. reported $6.6 billion in jewelry sales for 2023.
Bulgari's luxury jewelry revenue grew 14% to €2.1 billion in 2023.
Lab-grown diamonds production reached 7 million carats in 2023.
3D printing used in 35% of new luxury jewelry prototypes in 2023.
Sustainable sourcing certified 48% of luxury gold used in 2023.
Asia luxury jewelry market to grow at 8.5% CAGR to 2030.
US luxury jewelry imports from Europe hit $9.8B in 2023.
China dominates 38% of global luxury jewelry consumption.

The luxury jewelry market grew robustly in 2023, driven by high spending from wealthy individuals globally.

Consumer Demographics

Millennials represent 42% of luxury jewelry buyers worldwide.
Women aged 25-34 account for 28% of luxury jewelry purchases in the US.
65% of Chinese luxury jewelry consumers are under 40 years old.
HNWIs with net worth over $30M buy 22% more luxury jewelry annually.
37% of Gen Z prefer sustainable luxury jewelry brands.
Male luxury jewelry buyers grew from 12% to 28% between 2018-2023.
52% of luxury jewelry purchases in India are by urban millennials.
UHNWIs in Middle East spend 15% of luxury budget on jewelry.
48% of US luxury jewelry buyers have household income >$250K.
Boomers (55+) hold 31% share of luxury jewelry spending globally.
71% of luxury jewelry shoppers research online before buying.
Asian consumers prioritize brand heritage in 59% of purchases.
26% of luxury jewelry buyers are first-time purchasers post-2020.
Female executives buy 40% more luxury jewelry than average women.
55% of French luxury jewelry consumers are repeat buyers annually.
Gen Z in US allocates 18% of discretionary spend to jewelry.
62% of luxury jewelry buyers influenced by social media influencers.
Brazilian luxury consumers under 35 drive 45% of jewelry sales.
39% of luxury jewelry purchases made as self-gifts by women.
Russian HNWIs prefer colored gems, 67% of their jewelry buys.
51% of Japanese luxury buyers are married women aged 30-50.
UK luxury jewelry buyers 70% urban dwellers with >£100K income.
44% of global luxury jewelry spend by top 1% income bracket.
Italian consumers favor family heirlooms, 33% of purchases.
29% growth in luxury jewelry buying by single professionals.
Australia luxury buyers 58% female, average age 38.

Consumer Demographics Interpretation

Move aside, boomers clutching your pearls; the new guard—digitally savvy, brand-conscious millennials and Gen Z, increasingly male and self-purchasing—are now the glittering engine of the luxury jewelry world, though they still share the vault with the ultra-wealthy whose timeless appetite for opulence continues to anchor the market.

Major Brands and Performance

Cartier holds 12.3% global market share in luxury jewelry in 2023.
Tiffany & Co. reported $6.6 billion in jewelry sales for 2023.
Bulgari's luxury jewelry revenue grew 14% to €2.1 billion in 2023.
Harry Winston fine jewelry sales up 9% year-over-year in 2023.
Van Cleef & Arpels achieved 18% growth in high jewelry segment.
Graff Diamonds sold over 500 high-end pieces averaging $1M each in 2023.
Piaget's jewelry line contributed 22% to total brand revenue in 2023.
Chopard's Happy Diamonds collection generated €450M in 2023 sales.
Buccellati revenue reached €120M with 12% growth in luxury jewelry.
Mikimoto pearl jewelry sales hit $300M globally in 2023.
Boucheron reported 11% increase in jewelry sales to €500M.
Chaumet's high jewelry auctions fetched $45M in 2023.
Fabergé revived sales to $80M with modern luxury collections.
De Beers diamond jewelry retail sales $4.2B through licensees in 2023.
Piaget Altiplano jewelry watches sold 15,000 units at avg $50K.
Pomellato rose gold jewelry line up 20% in sales volume.
David Yurman US sales exceeded $600M in luxury segment.
Messika Paris grew 25% in Middle East luxury markets.
Verdura vintage-inspired jewelry sales $150M in 2023.
Suzanne Belperron re-edition pieces sold out 95% in 2023.
Chanel fine jewelry revenue €800M, up 8% in 2023.
Dior Joaillerie collection debuted with $200M first-year sales.
Louis Vuitton jewelry line expanded to $350M revenue.
Gucci jewelry sales recovered 10% to €400M in 2023.
Hermès Birkin-inspired jewelry sold 2,000 pieces avg $20K.
Rolex diamond-set models jewelry revenue $1.2B.
Omega Constellation jewelry watches up 15% sales.
TAG Heuer Carrera jewelry editions $180M sales.
Audemars Piguet Royal Oak jewelry $250M in 2023.
Patek Philippe complications jewelry $900M revenue.
Vacheron Constantin high jewelry $400M sales growth.

Major Brands and Performance Interpretation

In a dazzling display of concentrated wealth, Cartier quietly crowns itself as the globe's leading jeweler by market share, while its glittering rivals furiously mine niches from multi-million dollar diamond solitaires to pearl strands and branded baubles, proving that luxury's currency remains a story, a status, and a stone crafted into art.

Market Size and Growth

The global luxury jewelry market size reached $52.7 billion in 2023, driven by high-net-worth individuals' spending.
Luxury jewelry sales grew by 8.2% year-over-year in 2023, outperforming other luxury segments.
The fine jewelry segment within luxury accounted for 62% of total market revenue in 2023.
Asia-Pacific region contributed 45% to global luxury jewelry revenue in 2023.
Average price per luxury jewelry piece sold increased by 12% from 2021 to 2023.
U.S. luxury jewelry market valued at $14.2 billion in 2023, up 7.5% from prior year.
Online luxury jewelry sales surged 22% in 2023 to represent 18% of total sales.
Bridal luxury jewelry segment grew 15% in 2023 due to wedding boom post-pandemic.
Sustainable luxury jewelry market subset valued at $3.8 billion in 2023.
China’s luxury jewelry imports rose 11% to $12.5 billion in 2023.
Europe luxury jewelry market declined 2% in 2023 amid economic pressures.
Men's luxury jewelry sales increased 25% from 2020 to 2023.
Global luxury jewelry CAGR projected at 6.8% from 2024-2030.
India luxury jewelry market hit $8.9 billion in 2023, fueled by rising affluent class.
Lab-grown diamond luxury jewelry sales up 42% in 2023.
High-net-worth individuals (HNWIs) spent $28.4 billion on luxury jewelry in 2023.
Luxury jewelry e-commerce penetration reached 25% globally in 2023.
Middle East luxury jewelry market grew 9.8% to $4.2 billion in 2023.
Vintage luxury jewelry resale market valued at $1.7 billion in 2023.
Global luxury jewelry exports from Switzerland reached $15.3 billion in 2023.
Luxury jewelry market in Japan valued at $3.1 billion in 2023, up 4%.
Personalized luxury jewelry segment grew 18% year-over-year in 2023.
Ultra-high-net-worth individuals drove 35% of luxury jewelry sales in 2023.
Latin America luxury jewelry market expanded 6.5% to $2.8 billion in 2023.
Russia luxury jewelry sales dropped 15% in 2023 due to sanctions.
Australia luxury jewelry market reached $1.9 billion in 2023.
Global luxury jewelry retail space expanded by 3.2% in 2023.
Black Friday luxury jewelry sales spiked 28% in 2023.
Southeast Asia luxury jewelry market valued at $5.6 billion in 2023.
UK luxury jewelry sector generated £4.2 billion in 2023.

Market Size and Growth Interpretation

The global luxury jewelry market, now a $52.7 billion arena, is being dramatically reshaped by Asia-Pacific appetites and online clicks, yet remains fundamentally powered by the age-old alchemy of love, status, and a very wealthy individual’s decidedly non-virtual desire for something brilliant.

Regional and Global Insights

Asia luxury jewelry market to grow at 8.5% CAGR to 2030.
US luxury jewelry imports from Europe hit $9.8B in 2023.
China dominates 38% of global luxury jewelry consumption.
Dubai free zones handled 25% of global luxury jewelry trade.
India exports $35B in gems/jewelry, 10% luxury segment.
Hong Kong luxury jewelry retail sales up 12% to HKD 45B.
Switzerland exports 55% of world luxury watches/jewelry.
France luxury jewelry tourism sales €3.2B in Paris alone.
Southeast Asia cross-border e-com jewelry $2.1B.
Brazil luxury jewelry market projected 7% annual growth.
Middle East HNWIs 18% global jewelry spend share.
Italy luxury jewelry production €8.5B, 90% exported.
Singapore luxury jewelry hub sales SGD 1.2B.
UK post-Brexit luxury jewelry duties impacted 5% sales.
Africa luxury jewelry market nascent at $800M, 15% growth.
Canada luxury jewelry retail $2.4B CAD in 2023.
Thailand tourist jewelry spend $1.5B USD annually.
Germany luxury jewelry e-sales 22% of total market.
Mexico luxury imports from US up 11% to $1.1B.
Antwerp diamond trade volume 45% global rough, luxury link.
South Korea luxury jewelry K-pop influenced 20% sales.
Turkey Istanbul jewelry exports €2.3B to luxury markets.
New York diamond district 30% US luxury wholesale.
Vietnam emerging luxury market $500M, 25% CAGR.
Belgium luxury jewelry VAT rebate boosted 8% sales.
Indonesia Bali luxury jewelry tourism $400M.
Spain Madrid luxury district sales €1.8B.

Regional and Global Insights Interpretation

While Asia, led by China, methodically tightens its grip on the luxury jewelry crown, the West still sparkles defiantly as Italy, Switzerland, and a resurgent Paris prove craftsmanship and heritage remain priceless exports in this global treasure hunt.

Trends and Innovations

Lab-grown diamonds production reached 7 million carats in 2023.
3D printing used in 35% of new luxury jewelry prototypes in 2023.
Sustainable sourcing certified 48% of luxury gold used in 2023.
NFT-linked luxury jewelry collections sold $50M in 2023.
Recycled precious metals comprised 22% of luxury jewelry material.
AR try-on features adopted by 60% of luxury jewelry e-tailers.
Colored gemstones demand up 17% for emeralds in luxury.
Minimalist designs dominated 41% of new luxury launches.
Personalization via AI engraving in 25% of custom orders.
Vegan alternatives to pearls grew 30% in luxury segment.
Modular luxury jewelry systems sales up 28%.
Heritage re-editions accounted for 19% of sales revival.
Tech-infused jewelry with trackers sold 10,000 units.
Upcycled vintage materials in 15% of new collections.
Gender-neutral designs rose to 32% of luxury portfolios.
Biometric-authenticated luxury pieces debuted 50 models.
Ocean-inspired sustainable collections 20% sales growth.
Holographic gem treatments in 8% of high jewelry.
Collaborations with artists boosted 22% brand visibility.
Zero-waste production achieved by 12 luxury brands fully.
Metaverse virtual jewelry sales $15M in luxury.
Nano-diamond coatings enhanced 40% durability claims.
Wellness gemstone jewelry (e.g., crystals) up 35%.
Stackable rings trend captured 27% of fine jewelry sales.
Luminescent materials in 14% of evening wear pieces.

Trends and Innovations Interpretation

The industry's soul is still etched in gold, but its future is being 3D-printed from lab-grown diamonds and certified by blockchain, proving that even the most timeless luxury can't resist a tech-forward, sustainably sourced glow-up.

Sources & References

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