Gold Diamond Jewellery Market size was valued at USD 355 Billion in 2023 and is projected to reach USD 474.5 Billion in 2030 growing at a CAGR of 4.7% during the forecasted period 2024 to 2030.
The gold and diamond jewellery market encompasses the design, production, and sale of fine jewellery crafted from gold and diamonds. This market is characterized by high value, luxury, and craftsmanship. Key segments include engagement rings, wedding bands, necklaces, bracelets, earrings, and other bespoke pieces. The market serves a diverse clientele, from individual consumers seeking personal adornments to investors looking for tangible assets.
Key Trends
- Sustainability and Ethical Sourcing: There is a growing demand for ethically sourced gold and diamonds. Consumers are increasingly prioritizing jewellery that is certified conflict-free and sourced from mines that adhere to ethical and environmental standards.
- Customization and Personalization: Customizable jewellery options are becoming more popular, allowing customers to create unique pieces tailored to their preferences. This includes personalized engravings, bespoke designs, and custom stone settings.
Market Trends
- Rise of Branded Jewellery: Established brands and designer labels are increasing their market share by offering a combination of quality, heritage, and unique design.
- Experiential Retail: Jewellery retailers are focusing on creating immersive, in-store experiences to attract customers. This includes personalized consultations, virtual reality experiences, and exclusive in-store events.
- Globalization: The jewellery market is becoming more global, with brands expanding their presence in emerging markets like China, India, and the Middle East, where demand for luxury goods is growing.
- Technological Integration: Use of blockchain for tracking and verifying the authenticity and origin of gold and diamonds is emerging as a significant trend, enhancing transparency and trust in the supply chain.
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Market Segmentations:
Global Gold & Diamond Jewellery Market: By Company
- Chow Tai Fook
- Richemont
- Signet Jewellers
- Swatch Group
- Rajesh Exports
- Lao Feng Xiang
- Tiffany
- Malabar Gold and Diamonds
- LVMH Moet Hennessy
- Zocai
- Swarovski Corporation
- Chow Sang Sang
- Luk Fook
- Pandora
- Damiani
- Stuller
- Gitanjali Group
- GUCCI
- Graff Diamond
- Damas International
- Buccellati
- De Beers
- Blue Nile
- CHANEL
Global Gold & Diamond Jewellery Market: By Type
- Rings
- Necklaces
- Earrings
- Other
Global Gold & Diamond Jewellery Market: By Application
- Wedding
- Festival
- Fashion
- Other
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Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Gold & Diamond Jewellery market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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