Silver Jewellery Market Report 2025 (Global Edition)

Global Silver Jewellery Market Report 2025 Market Size Split by Category (Sterling Silver, Fine Silver, Silver Plated, Coin Silver), by Product Type (Rings, Necklace, Earrings, Bracelets, Other), by D...

Silver Jewellery Market Report Description

We have various report editions of Silver Jewellery Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

How 2025 Tariffs Are Reshaping the Consumer Goods Industry

In 2025, the global trade landscape has shifted dramatically following the U.S. introduction of sweeping tariffs under President Donald Trump’s administration. These "Liberation Day Tariffs," launched in April, aim to reduce trade deficits and boost domestic manufacturing. Tariffs range from 10% on imports from countries like the UK and Australia to 46% on Vietnamese goods, with a blanket 34% tariff on many Chinese imports and 25% on all steel, aluminum, and auto parts. This policy heavily impacts the consumer goods sector apparel, appliances, packaged foods, and personal care products due to their deep reliance on global supply chains, especially in Asia. U.S.–China trade tensions have intensified, with reciprocal tariffs reaching up to 145% on U.S. goods and 125% on Chinese exports, while China’s trade surplus with the U.S. hit USD 102.6 billion in March 2025. In response, the EU and Canada have implemented retaliatory measures, signaling a broader shift toward protectionism.

The consumer goods industry is feeling immediate effects: production costs are rising, sourcing is delayed, and inflation pressures are mounting. Apparel and footwear now face 25% tariffs, prompting brands to seek nearshoring options or raise prices. Household appliances incur 20% tariffs, complicating inventory and procurement strategies. Packaged foods and beverages are hit with 10–15% tariffs, impacting contracts and leading to supplier diversification and product reformulation. Personal care firms face higher costs for imported ingredients and packaging, leading to local sourcing efforts and delays in new product launches. Meanwhile, electronics, though temporarily exempt, are preparing for possible disruptions by diversifying suppliers and increasing inventories.

China remains the backbone of U.S. consumer goods sourcing, accounting for a large portion of imports either directly or through upstream components. This makes tariffs on Chinese goods especially disruptive. The rising input costs 15–30% in many categories combined with seasonal pressures and tight timelines, are causing delays and increased costs. Smaller brands, in particular, are struggling due to limited capital and reduced supplier leverage. Many are being forced to increase prices, cut product variety, or compromise on quality.

Market research is now critical to navigating this volatile environment. It supports supplier mapping and risk assessment, helping brands identify alternative sourcing countries with stable regulations and quality control. It also aids in cost and margin analysis, guiding decisions on pricing and sourcing changes. Optimization of product design and materials through research allows companies to reduce costs while maintaining consumer expectations. Additionally, research helps assess consumer price sensitivity, enabling strategic repositioning. Tracking regulatory changes and running scenario planning models allow firms to anticipate and adapt to future trade shifts.

To cope, companies are restructuring their global sourcing models. Major brands like Nike and IKEA are expanding operations in Vietnam, India, and Mexico, while embracing “in-market for market” strategies to reduce exposure to tariffs and logistics risks. Many are adopting AI-driven demand forecasting and automated procurement, and pushing suppliers for transparency. Product redesign and SKU rationalization are also common. The most successful firms are those using data-driven insights, operational flexibility, and strategic supplier partnerships to adapt not just survive in this new era of global trade.

Top Companies in Silver Jewellery Market

Consumer goods companies are encountering various challenges, such as shifting consumer preferences, supply chain disruptions, and rising raw material costs. In response, several leading players in the industry are embracing new technologies to enhance their product offerings. This study provides valuable insights into competitors’ revenue generation, key strategies, recent developments, and includes a comprehensive S.W.O.T. analysis, offering a clearer understanding of the competitive landscape and market positioning. To gain more insights about the leading players you can access the paid version of this report.

Top Companies Market Share in Silver Jewellery Industry: (In no particular order of Rank)

• Tiffany & Co.
• Silver Palace Inc.
• Pandora
• SWAROVSKI
• James Avery Craftsman
• Inc
• Chow Tai Fook Jewellery Group Limited
• Others
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Silver Jewellery Market

Which Region will dominate the Silver Jewellery Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to the region's shifting consumer preferences towards affordable luxury, where silver offers a stylish yet economical option. Additionally, the growing trend of self-expression through accessories fuels the demand for customizable silver pieces. Moreover, the sustainable appeal of silver aligns with environmentally conscious consumer attitudes. Furthermore, the rise of online retail channels provides convenient access to a wide array of silver jewelry options, boosting the regional market growth.

Which Region is Expanding at the Fastest CAGR?

Europe is the fastest-growing region due to its affordability relative to other precious metals, coupled with increasing consumer awareness of sustainable and ethically sourced materials, further drive market growth. The rich cultural heritage and tradition associated with silver jewelry in many European countries also contribute to its popularity and steady market demand.

The current report Scope analyzes Silver Jewellery Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Silver Jewellery Market Analysis

According to Cognitive Market Research, the global silver jewelry market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.4% from 2024 to 2031 due to region's evolving fashion trends favoring silver accessories, consumer preference for affordable luxury, growing online retail presence, and the metal's versatility in catering to diverse aesthetic preferences. According to Cognitive Market Research, the market is driven by a strong economy, shifting fashion trends, and a preference for affordable luxury. The popularity of silver-plated jewelry further bolsters this market, offering stylish options at a fraction of the cost of solid silver pieces. In conclusion, North America's silver jewelry market is driven by extensive design innovation and creativity. 

Country Analysis

• According to Cognitive Market Research, the US had a major share in the silver jewelry market, with a market size of USD XX million in 2024, and is projected to grow at a CAGR of 19.2% during the forecast period. The nation's rising demand for personalized and unique jewelry pieces
• The Canadian silver jewelry market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 20.2% during the forecast period. The growth of e-commerce platforms drives Canada's Silver Jewellery market.
• The Mexican silver jewelry market is projected to grow at a CAGR of 19.9% during the forecast period, with a market size of USD XX million in 2024.

 

Europe Silver Jewellery Market Analysis

According to Cognitive Market Research, the global silver jewelry market size was estimated at USD XX Million, out of which Europe held the major market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.7% from 2024 to 2031 due to blend of tradition and contemporary fashion trends, with consumers valuing silver's affordability, durability, and versatility. Increasing disposable income, evolving style preferences, and growing sustainability concerns contribute to its steady growth. According to Cognitive Market Research, the market is driven by fashion trends, cultural influences, and consumer preferences for versatile and affordable accessories. The popularity of silver earrings reflects its timeless appeal and ability to complement various styles and occasions. In conclusion, increasing awareness and preference for sustainable & eco-friendly materials expands the region's market.

• The United Kingdom's silver jewelry market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 12.5% during the forecast period. This is due to the region’s preference for sustainable and eco-friendly materials.
• The French silver jewelry market is projected to grow at a CAGR of 18.9% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the size of the silver jewelry market was valued at USD XX million in 2024 and is projected to grow at a CAGR of 19.9% during the forecast period. In Germany, sales of silver jewelry surged due to the presence of major market players. 
• The Italian silver jewelry market is projected to grow at a CAGR of 19.1% during the forecast period, with a market size of USD XX million in 2024.
• The Russian silver jewelry market is projected to grow at a CAGR of 18.7% during the forecast period, with a market size of USD XX million in 2024.
• The Spanish silver jewelry market is projected to grow at a CAGR of 18.8% during the forecast period, with a market size of USD XX million in 2024.
• The Luxembourg silver jewelry market is projected to grow at a CAGR of 19.8% during the forecast period, with a market size of USD XX million in 2024.
• The Portuguese silver jewelry market is projected to grow at a CAGR of 19.5% during the forecast period, with a market size of USD XX million in 2024.
• The Greece silver jewelry market is projected to grow at a CAGR of 20.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Europe's silver jewelry market is projected to grow at a CAGR of 18.4% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Silver Jewellery Market Analysis

According to Cognitive Market Research, the global silver jewelry market size was estimated at USD XX Million, out of which Asia Pacific held the market of around 23% of the global revenue with market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.20% from 2024 to 2031 due to growing disposable incomes, cultural affinity for silver adornments, and increasing adoption of western fashion trends, all contributing to heightened demand for stylish and affordable accessories. According to Cognitive Market Research, the market is driven by cultural significance and evolving fashion trends. The demand for charms is fueled by their versatility, personalized appeal, and ability to reflect individuality in accessory choices. In conclusion, the growth of e-commerce platforms providing a convenient and diverse marketplace for silver jewelry will drive the region's silver jewelry market.

• According to Cognitive Market Research, the size of the Chinese silver jewelry market was valued at USD XX million in 2024 and is projected to grow at a CAGR of 22.7% during the forecast period. This is due to the nation's increased spending on premium jewelry.
• The Japan silver jewelry market is projected to grow at a CAGR of 21.7% during the forecast period, with a market size of USD XX million in 2024. This is due to the country's expansion of distribution channels, including convenience stores and online platforms.
• The Indian silver jewelry market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 25.0% during the forecast period. 
• The South Korean silver jewelry market is projected to grow at a CAGR of 22.3% during the forecast period, with a market size of USD XX million in 2024.
• The Australian silver jewelry market is projected to grow at a CAGR of 22.9% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia silver jewellery market is projected to grow at a CAGR of 24.2% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific silver jewelry market is projected to grow at a CAGR of 23.0% during the forecast period with a market size of USD XX million in 2024.

 

South America Silver Jewellery Market Analysis

According to Cognitive Market Research, the global silver jewelry market size was estimated at USD XX Million, out of which Latin America market has more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.6% from 2024 to 2031 due to region's rising disposable incomes and growing fashion consciousness among consumers contribute to increased demand for silver jewelry as a stylish yet affordable accessory. According to Cognitive Market Research, women's growing purchasing power and their penchant for accessorizing driving market growth. Influenced by cultural traditions and evolving fashion trends, women demand silver jewelry, seeking both style and cultural expression in their adornments. In conclusion, the region's silver jewelry market is driven by the rising utilization of cutting-edge technology for efficient and precise designs.

• According to Cognitive Market Research, the size of the Brazilian silver jewelry market was valued at USD XX million in 2024 and is projected to grow at a CAGR of 21.2% during the forecast period. Silver Jewellery flourished in Brazil due to the introduction of new designs.
• The Argentina silver jewelry market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 21.5% during the forecast period. The growing popularity of silver jewelry as a versatile and affordable accessory drives market growth. 
• The Colombia silver jewelry market is projected to grow at a CAGR of 20.4% during the forecast period, with a market size of USD XX million in 2024.
• The Peru silver jewelry market is projected to grow at a CAGR of 20.8% during the forecast period, with a market size of USD XX million in 2024.
• The Chile silver jewelry market is projected to grow at a CAGR of 20.9% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Latin America silver jewellery market is projected to grow at a CAGR of 19.7% during the forecast period with a market size of USD XX million in 2024.

Middle East Silver Jewellery Market Analysis

According to Cognitive Market Research, the global silver jewelry market size was estimated at USD XX Million, out of which Middle East and Africa held the major market of around 2% of the global revenue with market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.9% from 2024 to 2031 due to region's cultural significance, where silver holds traditional value in adornment. Additionally, rising disposable incomes, changing fashion trends, and the affordability of silver contribute to the market's growth in the region. According to Cognitive Market Research, children are buoyed by cultural traditions, gifting practices, and a growing emphasis on children's fashion. Increasing disposable income and a desire for durable yet stylish accessories further propel the demand for silver jewelry among younger demographics. In conclusion, increasing awareness and preference for sustainable and eco-friendly materials, with silver being recyclable and ethically sourced, drives the region's market.

• According to Cognitive Market Research, the GCC Countries' silver jewelry market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 21.7% during the forecast period. Silver Jewellery sales flourished in the GCC Countries due to the region's innovations in jewelry-making techniques.
• The Egyptian silver jewelry market is projected to grow at a CAGR of 21.2% during the forecast period, with a market size of USD XX million in 2024.
• The South African silver jewelry market is projected to grow at a CAGR of 21.9% during the forecast period, with a market size of USD XX million in 2024. Silver Jewellery flourished in South Africa due to the region's increased demand for the latest designs and higher-quality finishes.
• The Turkish silver jewelry market is projected to grow at a CAGR of 20.4% during the forecast period, with a market size of USD XX million in 2024.
• The Nigerian silver jewelry market is projected to grow at a CAGR of 20.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of MEA silver jewellery market is projected to grow at a CAGR of 19.9% during the forecast period with a market size of USD XX million in 2024.

 

Silver Jewellery Market Analysis

Category Segment Analysis of Silver Jewellery Market

We have defined the scope of the Silver Jewellery market using a blend of primary and secondary research approaches. The Category segment analysis of the Silver Jewellery market offers comprehensive insights into the revenue share and performance of key segments, along with an explanation of the factors contributing to their dominance at both global and regional levels. Additionally, we have included data on Sterling Silver, Fine Silver, Silver Plated, Coin Silver segment revenue and year-on-year (Y-O-Y) growth, along with an in depth qualitative analysis.

The Silver Jewellery market segment analysis, which covers various product types, helps businesses explore new markets and diversify their customer base. This section is crafted to generate additional revenue streams and strengthen a company's competitive position in the market. We also provide the flexibility to create a customized scope based on the specific requirements of our clients.

Category of Silver Jewellery analyzed in this report are as follows:

• Sterling Silver
• Fine Silver
• Silver Plated
• Coin Silver

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Silver Jewellery Industry. Request a Free Sample PDF!

Product Type Segment Analysis of Silver Jewellery Market

This industry is one of the most evolving industry, driven by advanced technologies, changing consumer preferences, urbanization and rising disposable income. In this chapter, we present the Silver Jewellery market size, revenue share, and growth rate for each application/end-user segment, both globally and at the regional level.

Additionally, we provide qualitative insights, such as key driving and restraining factors that influence the growth of the Silver Jewellery market. This section offers valuable information for companies to gain a deeper understanding of market trends, challenges, and technological advancements. By leveraging this analysis, businesses can develop strategies and make well informed decisions to stay competitive in a rapidly changing and highly competitive market.

Some of the key Product Type of Silver Jewellery are:

• Rings
• Necklace
• Earrings
• Bracelets
• Other

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Silver Jewellery Distribution Channel Segment Analysis

• Specialty jewelry store
• Retailer
• Online retailers
• Other

Silver Jewellery Price Segment Analysis

c pieces.

• Low
• Medium
• High

Silver Jewellery Price Range Segment Analysis

• Low
• Mid
• Premium

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

Author's Conclusion