Jewelry Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Jewelry Industry

European Jewelry Trends in 2024

Jewelry is part of Hard Luxury and includes a number of sub-sectors such as Polished Gemstone and Polished Diamond. You may also be interested in Luxury Watch.

The European jewelry import market is projected to reach approximately €28.8 billion by 2028, up from €25.7 billion in 2023. This reflects an average annual growth rate of 1.5%. However, since 2019, European demand for jewelry has experienced a decline, falling by 1.6% year on year. In 2023, Switzerland emerged as the top importer of jewelry in Europe, with imports valued at around €9.3 billion. The United Kingdom, France, and Italy followed in the rankings as the second, third, and fourth largest importers, respectively. Notably, Ireland saw a significant increase in its jewelry import market, growing by 53.9% year on year, while Switzerland's imports decreased by 7.7% annually since 2019. On the export front, European jewelry exports are expected to hit approximately €40.6 billion by 2028, up from €36.8 billion in 2023, growing at an average annual rate of 2.2%. Since 2019, European jewelry supply has seen a robust increase, rising by 4.5% year on year. Switzerland also led the European jewelry export market in 2023, with exports totaling around €11.6 billion. Italy, the United Kingdom, and France followed as the second, third, and fourth largest exporters, respectively. Ireland's jewelry exports surged by 96% year on year, while Cyprus experienced a decline, with exports dropping by 8% annually since 2019.

Top 10 countries

In 2024 major markets in the Jewelry Industry were:

World Jewelry Market Data and Forecasts

How much the Jewelry industry is expected to grow to 2028?

Forecast: European Jewellery Exports
Forecast: European Jewellery Imports
Forecast: Jewellery Exports from Switzerland
Forecast: Jewellery Exports from Italy
Forecast: Jewellery Imports to Switzerland
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Global Jewelry Statistics

Global Jewelry Industry Database