The import of jewellery of precious metal to South Africa stood at a value of 48.1 million USD in 2023. Forecasts indicate a slight but consistent downward trend over the coming years, with values expected to decrease to 47.65 million USD by 2028. The year-on-year variations show a minor annual decrease, with the most significant drop projected between 2024 and 2025. Over the past two years, the compounded annual growth rate (CAGR) reflects a small but steady decline.

Future trends to watch for include:

Fluctuations in global precious metal prices, which could impact import values.
Shifts in consumer preferences towards locally produced jewellery.
Economic policies and trade agreements that might affect import taxes and duties.