Luxury Jewellery Market Insights Video

According to Cognitive Market Research, the global Luxury Jewellery market size was USD 38269.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 15307.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 11480.85 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 8801.99 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 1913.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 765.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
• The offline distribution channels remain the dominant avenue for sales, largely due to the tactile nature of purchasing high-value items like jewelry