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?
World Jewelry Top Rankings
Global Jewelry Statistics
- Number Of Employees 207 countries (Europe, Northern Europe, Southern Europe...)
- Jewelry Import 191 countries (Africa, Sub-Saharan Africa, Latin America...)
- Jewelry Export 180 countries (Asia, Latin America, Africa...)
- Online Retail Sales 49 countries (Europe, Northern Europe, Southern Europe...)
- Diamond Import 190 countries (Asia, Africa, Sub-Saharan Africa...)
- Diamond Export 152 countries (Asia, Middle East, Sub-Saharan Africa...)
- Number Of Enterprises 66 countries (Europe, Northern Europe, Southern Europe...)
- Silver Import 188 countries (Africa, Sub-Saharan Africa, Asia...)
- Cloud Services Penetration 44 countries (Europe, Northern Europe, European Union...)
- Silver Export 162 countries (Asia, Europe, Latin America...)