The revenue in the 'Luxury Jewelry' segment of the luxury goods market in China was forecast to continuously increase between 2024 and 2028 by in total 1.8 billion U.S. dollars (+12.74 percent). After the eighth consecutive increasing year, the indicator is estimated to reach 15.96 billion U.S. dollars and therefore a new peak in 2028.
Data provided by Statista Market Insights are estimates.
Together with watches, jewelry constitutes a part of the market that is called “hard luxury” to differentiate it from fashion, accessories and cosmetics, which are made from “soft” materials.
LVMH’s Bulgari and Cartier as well as Richemont’s Van Cleef & Arpels and Piaget are examples of household brand names in this sector, which is otherwise characterized by jewelers’ own brands, with Tiffany, Lao Feng Xiang, Titan, Chow Sang Sang and Luk Fook being the biggest players in this field. The shown market data are based on an analysis of more than 100 of the biggest luxury companies in the world. A complete list of all companies and brands covered can be found in the methodology description. Accordingly, watches from smaller companies or artisanal production unaffiliated with the companies covered are not included. All data is shown at retail value, which includes markups for retail distribution and sales taxes.
Growth has lately been stimulated mostly by emerging markets but ever since the period of sagging demand in Greater China began, the global outlook can at best be described as stable.
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Statista. (January 26, 2024). Revenue of the luxury jewelry market in China from 2018 to 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 19, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1308514/china-luxury-jewelry-market-revenue
Statista. "Revenue of the luxury jewelry market in China from 2018 to 2028 (in billion U.S. dollars)." Chart. January 26, 2024. Statista. Accessed September 19, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1308514/china-luxury-jewelry-market-revenue
Statista. (2024). Revenue of the luxury jewelry market in China from 2018 to 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 19, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1308514/china-luxury-jewelry-market-revenue
Statista. "Revenue of The Luxury Jewelry Market in China from 2018 to 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 26 Jan 2024, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1308514/china-luxury-jewelry-market-revenue
Statista, Revenue of the luxury jewelry market in China from 2018 to 2028 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1308514/china-luxury-jewelry-market-revenue (last visited September 19, 2024)
Revenue of the luxury jewelry market in China from 2018 to 2028 (in billion U.S. dollars) [Graph], Statista, January 26, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1308514/china-luxury-jewelry-market-revenue