Key Market Indicators
The demand for jewelry in Iceland is expected to reach €2.6 billion by 2026, growing at an average of 0.2% annually. The country was ranked 33rd in 2021, with Serbia surpassing it at €2.4 billion. France, the UK, and Italy were the top three in this ranking respectively. On the export side, Icelander Jewelry Supply is forecast to drop to €31 million in 2026, from €57 million in 2021, at an average rate of 9.8% annually. Since 2009, the supply of jewelry from Iceland has decreased by 12.9% yearly. It was ranked 33rd in 2021, with Serbia surpassing it at €57 million. Italy, France, and the United Kingdom were the top three in this ranking respectively. In 2018, Jewelry Sales in Iceland amounted to €7.5 million, which was a decrease from €9.8 million in 2017.
