Jewelry Market - China and India Run the Show on the Global Jewellery Marke

Jewellery And Bijouterie December 03, 2015

jewelry market

With an improving organized retail format in place, the global jewellery market is expected to grow in the medium term. All of the major jewellery vendors in markets such as the U.S., the UK, Japan, and Italy operate through either their own branded, exclusive retail stores or via specialty jewellery stores. This trend is also taking place in emerging markets, such as India.

In India, the jewellery industry was declared a focus area for export promotion by the government. The authorities have also recently implemented a variety of measures to promote investment and to upgrade technology and skills in jewellery making. Due to low costs and availability of high-skilled labor, India is deemed to be the hub of the global jewellery market. Already, India is the world's largest cutting and polishing center for diamonds.

A global hub for jewellery manufacturing, China is now a rapidly growing jewellery consumer market. Chinese consumers are becoming more open to modern and Western designs and materials. At the same time, technological advances in manufacturing are leading to higher quality standards and lower labor costs, allowing China to meet the increasing demands of the global and domestic markets.

Both, India and China continue to be the largest jewellery markets, mainly owing to a large and continually expanding middle class population, as well as a traditional inclination of its consumers towards investing in gold.

In general, the international jewellery market is highly fragmented and dominated by family-owned businesses. The U.S. jewellery market features this tendency, meaning that manufacturers still have considerable room for growth. With more disposable income at hand, demand for designer and branded jewellery is particularly strong in North America.

In 2014, China (X%), Switzerland (X%), the U.S. (X%), the UK (X%) and France (X%) were the leading destinations of jewellery imports, together making up X% of global imports in value terms. While the share of China increased significantly, the share of the U.S. illustrated negative dynamics.

In 2014, China and, distantly, India were the main global suppliers of jewellery with a combined share of X% of global exports. However, the fastest growing suppliers from 2007 to 2014 were China (+X% per year) and France (+X% per year).

China dominated in global jewellery production and trade. In 2014, China exported the lion’s share of its total jewellery output. Of this amount, X% was supplied to the U.S., where Chinese jewellery held a X% share of total U.S. consumption.

Increasing sales of jewellery through online platforms, and strong demand for premium products and stylish jewellery have boosted gems and jewellery sales globally.

Do you want to know more about the global jewelry market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • jewelry market share
  • jewelry prices
  • jewelry industry
  • jewelry sales
  • jewelry market forecast
  • jewelry price forecast
  • key jewelry producers

Source: World: Jewellery - Market Report. Analysis and Forecast to X