The revenue in the 'Luxury Jewelry' segment of the luxury goods market in India was forecast to increase between 2024 and 2028 by in total 0.01 billion U.S. dollars (+0.59 percent). This overall increase does not happen continuously, notably not in 2026. The indicator is estimated to amount to 1.71 billion U.S. dollars 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 Market Insights. (January 26, 2024). Revenue in the luxury jewelry segment of the luxury goods market India from 2018 to 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1435905/revenue-luxury-jewelry-luxury-watches-jewelry-market-india
Statista Market Insights. "Revenue in the luxury jewelry segment of the luxury goods market India from 2018 to 2028 (in billion U.S. dollars)." Chart. January 26, 2024. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1435905/revenue-luxury-jewelry-luxury-watches-jewelry-market-india
Statista Market Insights. (2024). Revenue in the luxury jewelry segment of the luxury goods market India from 2018 to 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1435905/revenue-luxury-jewelry-luxury-watches-jewelry-market-india
Statista Market Insights. "Revenue in The Luxury Jewelry Segment of The Luxury Goods Market India from 2018 to 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 26 Jan 2024, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1435905/revenue-luxury-jewelry-luxury-watches-jewelry-market-india
Statista Market Insights, Revenue in the luxury jewelry segment of the luxury goods market India from 2018 to 2028 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1435905/revenue-luxury-jewelry-luxury-watches-jewelry-market-india (last visited September 20, 2024)
Revenue in the luxury jewelry segment of the luxury goods market India from 2018 to 2028 (in billion U.S. dollars) [Graph], Statista Market Insights, January 26, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1435905/revenue-luxury-jewelry-luxury-watches-jewelry-market-india