Jewellery and Loose Diamond Market, Global Outlook and Forecast 2024-2031

The global Jewellery and Loose Diamond market was valued at US$ 299.9 million in 2023 and is projected to reach US$ 1,121.3 million by 2030, at a CAGR of 4.84% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

 

This report aims to provide a comprehensive presentation of the global market for Jewellery and Loose Diamond, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Jewellery and Loose Diamond. This report contains market size and forecasts of Jewellery and Loose Diamond in global, including the following market information:

 

 

 

  • Global Jewellery and Loose Diamond Market Revenue, 2019-2024, 2024-2030, ($ millions)
  • Global Jewellery and Loose Diamond Market Sales, 2019-2024, 2024-2030, (K MT)
  • Global top five Jewellery and Loose Diamond companies in 2023 (%)

 

The global key manufacturers of Jewellery and Loose Diamond include LVMH Moet Hennessy Louis Vuitton, Tiffany, Lovenus, Richemont Group, Chow Tai Fook, Chow Sang Sang Jewellery, Swarovski, Lorenzo and TSL, etc. in 2023, the global top five players have a share approximately % in terms of revenue.

 

The global jewellery and loose diamond market is a significant segment within the luxury goods industry, characterized by its extensive reach and substantial economic impact. Jewellery is often made from precious metals like gold, silver, and platinum, and frequently incorporates gemstones such as diamonds, rubies, emeralds, and sapphires. Jewellery has been used for centuries to symbolize status, wealth, and personal or cultural identity, and it can be both functional and ornamental.

 

When buying a loose diamond, the stone is typically evaluated based on the "Four Cs": Carat (weight), Cut (quality of the cut), Clarity (presence of internal or external flaws), and Color (degree of colorlessness in white diamonds). These factors collectively determine the diamond's quality and value.

 

 

 

Regional Insights:

 

  • North America: The largest market, with the United States alone accounting for nearly 50% of the global jewellery market.
  • Asia-Pacific: The fastest-growing region, particularly driven by demand in China and India. The Asia-Pacific jewellery market is expected to grow at a CAGR of 7.8% from 2023 to 2030.
  • Europe: Another significant market, with countries like Italy, France, and the UK being major contributors.

 

Consumer Demographics:

 

  • Millennials and Gen Z are emerging as the primary consumers, with preferences shifting towards personalized and sustainable jewellery. These generations are driving the trend for ethically sourced and lab-grown diamonds.
  • High-Net-Worth Individuals (HNWIs): A crucial demographic for high-end and bespoke jewellery pieces. This group is less sensitive to economic fluctuations and continues to drive the market for luxury items.

 

Product Segmentation:

 

  • Fine Jewellery: Includes gold, platinum, and diamond jewellery, making up about 70% of the total market.
  • Fashion Jewellery: Comprising the remaining 30%, this segment includes silver, brass, and other non-precious materials.

 

E-commerce Trends:

 

  • The online jewellery market has seen a significant surge, especially post-pandemic. In 2023, online sales accounted for 20% of the total jewellery market, up from 10% in 2019.
  • Major players in the online space include Blue Nile, James Allen, and traditional retailers like Tiffany Co. expanding their digital presence.

 

Loose Diamond Market Dynamics:

 

  • Natural Diamonds: Still dominate the market, but the share of lab-grown diamonds is increasing rapidly. In 2023, lab-grown diamonds accounted for about 10% of the total loose diamond sales, with an expected rise to 25% by 2030.
  • Investment Diamonds: High-value diamonds continue to be a popular investment, with blue and pink diamonds fetching premium prices. The annual growth rate for investment-grade diamonds is projected at 5%.

Key Drivers and Trends

 

  • Sustainability and Ethical Sourcing:

     

    • Increasing consumer awareness and demand for ethically sourced materials. Brands like Pandora and Tiffany Co. have made significant strides in ensuring their supply chains are conflict-free.
    • The rise of lab-grown diamonds is partly driven by these ethical considerations, offering a more sustainable alternative to mined diamonds.
  • Customization and Personalization:

     

    • Consumers are increasingly seeking unique, personalized jewellery pieces. Customization services have become a significant value addition for retailers.
    • Technology such as 3D printing and CAD design is enabling more bespoke and intricate designs.
  • Technological Advancements:

     

    • Blockchain Technology: Being used for transparency in the supply chain, ensuring authenticity and ethical sourcing.
    • Augmented Reality (AR): Enhancing the online shopping experience by allowing customers to virtually try on jewellery.
  • Economic Factors:

     

    • Jewellery is often seen as a safe investment during economic uncertainties. The market tends to remain resilient due to its value retention properties.

Sustainability and Ethical Sourcing:

 

  • Increasing consumer awareness and demand for ethically sourced materials. Brands like Pandora and Tiffany Co. have made significant strides in ensuring their supply chains are conflict-free.
  • The rise of lab-grown diamonds is partly driven by these ethical considerations, offering a more sustainable alternative to mined diamonds.

Customization and Personalization:

 

  • Consumers are increasingly seeking unique, personalized jewellery pieces. Customization services have become a significant value addition for retailers.
  • Technology such as 3D printing and CAD design is enabling more bespoke and intricate designs.

Technological Advancements:

 

  • Blockchain Technology: Being used for transparency in the supply chain, ensuring authenticity and ethical sourcing.
  • Augmented Reality (AR): Enhancing the online shopping experience by allowing customers to virtually try on jewellery.

Economic Factors:

 

  • Jewellery is often seen as a safe investment during economic uncertainties. The market tends to remain resilient due to its value retention properties.

 

Jewellery refers to decorative items worn for personal adornment. These items can include a wide range of accessories such as rings, necklaces, earrings, bracelets, brooches, and more. A Loose Diamond is a diamond that has been cut and polished but has not yet been set into a piece of jewellery. Loose diamonds are often purchased separately for use in custom jewellery designs, such as engagement rings, earrings, or pendants. 

 

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Jewellery and Loose Diamond manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Jewellery and Loose Diamond Market, by Type, 2019-2024, 2024-2030 ($ Millions) (K MT)

Global Jewellery and Loose Diamond Market Segment Percentages, by Type, 2023 (%)

 

  • Jewellery
  • Loose CVD

Global Jewellery and Loose Diamond Market, by Application, 2019-2024, 2024-2030 ($ Millions) (K MT)

Global Jewellery and Loose Diamond Market Segment Percentages, by Application, 2023 (%)

 

  • Shopping malls counters
  • Online sales
  • Others

Global Jewellery and Loose Diamond Market, By Region and Country, 2019-2024, 2024-2030 ($ Millions) (K MT)

Global Jewellery and Loose Diamond Market Segment Percentages, By Region and Country, 2023 (%)

 

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic Countries
  • Benelux
  • Rest of Europe
  • Asia
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Rest of Asia
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East Africa
  • Turkey
  • Israel
  • Saudi Arabia
  • UAE
  • Rest of Middle East Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

 

  • Key companies Jewellery and Loose Diamond revenues in global market, 2019-2024 (Estimated), ($ millions)
  • Key companies Jewellery and Loose Diamond revenues share in global market, 2023 (%)
  • Key companies Jewellery and Loose Diamond sales in global market, 2019-2024 (Estimated), (K MT)
  • Key companies Jewellery and Loose Diamond sales share in global market, 2023 (%)

key players include:

 

  • LVMH Moet Hennessy Louis Vuitton
  • Tiffany
  • Lovenus
  • Richemont Group
  • Chow Tai Fook
  • Chow Sang Sang Jewellery
  • Swarovski
  • Lorenzo
  • TSL
  • Kimberlite
  • Lukfook
  • Laofengxiang
  • Millenniumstar

 

Outline of Major Chapters:

Chapter 1: Introduces the definition of Jewellery and Loose Diamond, market overview.

Chapter 2: Global Jewellery and Loose Diamond market size in revenue and volume.

Chapter 3: Detailed analysis of Jewellery and Loose Diamond manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Jewellery and Loose Diamond in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Jewellery and Loose Diamond capacity by region country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.


Table of content

1 Introduction to Research Analysis Reports
1.1 Jewellery and Loose Diamond Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Jewellery and Loose Diamond Market Overview
1.4 Features Benefits of This Report
1.5 Methodology Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions Caveats
2 Global Jewellery and Loose Diamond Overall Market Size
2.1 Global Jewellery and Loose Diamond Market Size: 2022 VS 2031
2.2 Global Jewellery and Loose Diamond Revenue, Prospects Forecasts: 2019-2031
2.3 Global Jewellery and Loose Diamond Sales: 2019-2031
3 Company Landscape
3.1 Top Jewellery and Loose Diamond Players in Global Market
3.2 Top Global Jewellery and Loose Diamond Companies Ranked by Revenue
3.3 Global Jewellery and Loose Diamond Revenue by Companies
3.4 Global Jewellery and Loose Diamond Sales by Companies
3.5 Global Jewellery and Loose Diamond Price by Manufacturer (2019-2024)
3.6 Top 3 and Top 5 Jewellery and Loose Diamond Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Jewellery and Loose Diamond Product Type
3.8 Tier 1, Tier 2 and Tier 3 Jewellery and Loose Diamond Players in Global Market
3.8.1 List of Global Tier 1 Jewellery and Loose Diamond Companies
3.8.2 List of Global Tier 2 and T


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Omkar Kadam

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