Key Market Indicators
Luxembourg's jewelry export market is projected to reach approximately €20.6 million by 2028, up from around €15.8 million in 2023. This marks an average annual growth rate of 4.2%. The country's supply has consistently increased by 4.6% per year since 2009. In global rankings for 2023, Luxembourg held the 19th position in terms of jewelry exports, with Slovenia slightly ahead at €15.8 million. Italy, the United Kingdom, and France occupied the second, third, and fourth places, respectively. On the import side, Luxembourg's jewelry market is set to hit around €318.7 million by 2028, a substantial rise from €118.4 million in 2023. This represents a compound annual growth rate (CAGR) of 14.9%. Luxembourger demand has surged by 32.5% annually since 2009. In 2023, Luxembourg ranked 16th in jewelry imports, with Portugal surpassing it at €118.4 million. The United Kingdom, France, and Italy were the second, third, and fourth largest importers, respectively.
