Welcome to our blog post, where we delve into the fascinating world of the global jewelry and watches market. In this simplified research, we explore various aspects of the industry, from market overviews and international trade to materials used and leading companies. Join us as we uncover key statistics, trends, and insights that shape this thriving industry.
CHAPTER 01 Market Overview
In this chapter, we provide a comprehensive overview of the jewelry and watches market. We analyze the revenue forecasts, market values of diamond and costume jewelry, luxury watches and jewelry, online jewelry market, and the leading countries in terms of revenue.
Receita dos relógios & jewelry industry Worldwide 2017-2026 (in billion dólares americanos)
Descrição: The global revenue in the watches & jewelry segment of the accessories market was forecast to continuously increase between 2023 and 2026 by in total 44.8 billion U.S. dollars (+11.97 percent). The revenue is estimated to amount to 418.9 billion U.S.
dollars in 2026. Find further information concerning the revenue in the watches & jewelry segment of the accessories market by looking at other countries, such as Thailand and Poland.
Market value of diamond jewelry worldwide from 2010 to 2021 (in billion dólares americanos)
Descrição: In 2021, the total value of the diamond jewelry market worldwide amounted to 87 billion (nominal) U.S. dollars. That represented an increase of 19 billion U.S. dollars from the previous year, as the global diamond industry recovered from the results of the COVID-19 pandemic.
Forecast value of the costume jewelry market worldwide from 2021 to 2027 (in billion U.S. dollars)
Descrição: This statistic depicts the forecast market value of the costume jewelry market worldwide from 2021 to 2027. In 2021, the global costume jewelry market was valued at 30.8 billion U.S. dollars, and was forecast to reach a value of around 47 billion U.S. dollars by 2027.
Market value of luxury watches and jewelry worldwide in 2022 (in billion euros)
Descrição: In 2022, the luxury watches market was valued at around 52 billion euros. This was significantly more than the value of the luxury jewelry market that year, which amounted to 28 billion euros worldwide.
Estimated value of the online jewelry market worldwide from 2020 to 2027 (in billion U.S. dollars)
Descrição: In 2022, the global online jewelry market was valued at approximately 57.4 billion U.S. dollars, and was forecast to reach a value of about 117 billion U.S. dollars by 2027. As of 2022, the value of the global jewelry market amounted to about 270 billion U.S. dollars.
Leading countries in the watches and jewelry market in 2022, by revenue (in million U.S. dollars)
Descrição: The revenue ranking in the watches & jewelry segment of the accessories market is led by China with 81.2 billion U.S. dollars, while India is following with 72.6 billion U.S. dollars. In contrast, Russia is at the bottom of the ranking with 3.8 billion U.S. dollars,
showing a difference of 77.4 billion U.S. dollars to China.
CHAPTER 02 International trade
The second chapter focuses on international trade within the jewelry and watches industry. We delve into the export and import values of gold, silverware, and jewelry worldwide. Additionally, we highlight the leading exporting and importing countries in this sector.
Export value of gold, silverware, and jewelry worldwide from 2003 to 2021 (in billion U.S. dollars)
Descrição: In 2021, the worldwide export value of gold, silverware, and jewelry was approximately 126.3 billion U.S. dollars, up from 86.8 billion U.S. dollars registered a year earlier. The global import value of gold, silverware, and jewelry was about 115.7 billion U.S. dollars in 2021.
Import value of gold, silverware, and jewelry worldwide from 2003 to 2021 (in billion U.S. dollars)
Descrição: In 2021, the worldwide import value of gold, silverware, and jewelry was approximately 115.7 billion U.S. dollars, up from 99 billion U.S. dollars recorded in the previous year. The global export value of gold, silverware, and jewelry was around 126.3 billion U.S. dollars in 2021.
Leading exporting countries of gold, silverware, and jewelry worldwide in 2021 (in million U.S. dollars)
Descrição: In 2021, China was the leading exporter of gold, silverware, and jewelry to the rest of the world, with an export value of around 19 billion U.S. dollars. Switzerland, ranking second, exported approximately 11.55 billion U.S. dollars worth of these goods that year.
Leading importing countries of gold, silverware, and jewelry worldwide in 2021 (in million U.S. dollars)
Descrição: In 2021, the United States was the leading importer of gold, silverware, and jewelry from the rest of the world, with an import value of about 25.8 billion U.S. dollars. China, Hong Kong SAR, ranking second, imported approximately 18.4 billion U.S. dollars worth of these goods that year.
CHAPTER 03 Materials
Materials play a crucial role in the creation of exquisite jewelry and watches. In this chapter, we examine the demand for gold, silver, and platinum jewelry worldwide. We also explore the leading regions driving the demand for these precious materials.
Gold jewelry demand worldwide from 2010 to 2022 (in tonnes)
Descrição: This statistic displays the demand for gold jewelry worldwide from 2010 to 2022. In 2022, the global demand for gold jewelry amounted to approximately 2,086 tonnes. This was a decrease of roughly 60 tonnes from the previous year.
Gold jewelry demand worldwide in 2022, by leading region (in tonnes)
Descrição: This statistic displays the demand for gold jewelry worldwide in 2022, by region. In 2022, the global demand for gold jewelry totalled 2,086 tonnes. India was the country with the highest demand, at roughly 600 tonnes, folowed by China. Together the two countries accounted for over one half of the world’s gold jewelry demand.
Silver jewelry demand worldwide from 2012 to 2022 (in million ounces)
Descrição: The jewelry industry was forecast to demand almost 202 million ounces of silver in 2022, which was a significant increase on the previous year, and roughly equalled the peak in the demand for silver for jewelry, which came in 2018.
Platinum demand for jewelry worldwide from 2013 to 2023 (in 1,000 ounces)
Descrição: The gross worldwide demand for platinum for jewelry applications in 2023 was estimated to amount to some 1.35 million ounces. The demand for platinum for jewelry has been continuously decreasing for nearly a decade.
Platinum demand for jewelry worldwide from 2015 to 2023, by region (in 1,000 ounces)
Descrição: In 2023, the gross demand for platinum for jewelry in China was estimated at some 470,000 ounces, making it the world’s largest consumer of platinum jewelry. In comparison, the gross demand for platinum for jewelry in Europe was estimated at some 209,000 ounces the same year.
CHAPTER 04 Leading companies
The final chapter sheds light on the top players in the industry. We provide insights into the net sales and merchandise mix of renowned companies like Signet Jewelers, Richemont Group, LVMH Group, and Pandora A/S.
Net sales of Signet Jewelers worldwide from fiscal year 2014 to 2023 (in milhões de dólares americanos)
Descrição: This statistic shows Signet Jewelers’ net sales worldwide from fiscal year 2014 to 2023. In the fiscal year that ended on January 28, 2023, Signet Jewelers had global net sales of approximately 7.84 billion U.S. dollars, remaining flat since the previous year.
Merchandise mix of Signet Jewelers worldwide in fiscal year 2023
Descrição: This statistic shows the merchandise mix of Signet Jewelers worldwide in fiscal year 2023. In the fiscal year that ended on January 28, 2023, bridal jewelry accounted for around 49 percent of Signet Jewelers’ global sales.
Total sales of the Richemont Group worldwide from FY2008 to FY2023 (in billion euros)
Descrição: In 2023, total sales of the Richemont Group worldwide amounted to about 19.95 billion euros, increasing by approximately three billion euros on the previous year. The Richemont Group is one of the leading luxury goods companies in the world.
The Richemont Group garnered most of its revenue from jewelry Maisons in FY2022, which amounted to around 13.4 billion euros. The Asia-Pacific was responsible for 40 percent of the company`s total sales that year.
Richemont Group’s sales share worldwide in 2022, by product category
Descrição: In the financial year 2022, watch and jewelry sales accounted for about 75 percent of Richemont’s global sales. The company had total sales of approximately 19.18 billion euros that year.
Global revenue of LVMH Group’s watches and jewelry segment from 2008 to 2022 (in million euros)
Descrição: This statistic shows the global revenue of LVMH Group’s watches and jewelry segment from 2008 to 2022. In 2022, this segment generated revenues of approximately 10.6 billion euros, which was more than double the revenue registered in 2020.
The LVMH Group is a French luxury goods corporation, which owns around 50 luxury brands worldwide, including Louis Vuitton and Bulgari. The fashion and leather goods segment generates the most revenue for LVMH.
Revenue share of the LVMH Group worldwide in 2022, by business
segment
Descrição: This statistic shows the revenue share of the LVMH Group worldwide in 2022, by segment. In 2022, 44 percent of the LVMH Group’s global revenue came from the company’s fashion and leather goods business segment.
Total revenue of Pandora A/S worldwide from 2010 to 2022 (in million Danish kroner)
Descrição: This timeline shows the total revenue of Pandora A/S worldwide from 2010 to 2022. In 2022, the total revenue of Pandora A/S amounted to approximately 26.5 billion Danish kroner, continuing the growth from the previous year.
Conclusion:
The global jewelry and watches market is a dynamic and thriving industry, continuously driven by evolving trends and consumer preferences. Through this simplified research, we’ve gained valuable insights into market overviews, international trade, materials, and leading companies. By understanding these key aspects, we can better appreciate the intricate world of jewelry and watches.
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