Global jewellery market: $260 billion industry by 2017

Press Release   •   Feb 21, 2013 16:54 GMT

The global jewellery market is expected to reach a value of around $257 billion by the end of 2017. This suggests a CAGR growth rate of around 5% between 2012 and 2017. Over the last few years the global jewellery market has seen steady growth, bouncing back from the worst of the recession. The coming years are expected to see the industry grow at a faster rate compared to previous years. The market is currently being driven by increased growth in the Middle East and Asia-Pacific, although the United State continues to dominate in terms of market share.

U.S. currently accounts for the largest jewellery market in the world with more than half of its market being dominated by the diamond jewellery segment. Regionally, Asia Pacific holds the world's largest jewellery market and is being driven largely by China and India who are the two largest consumers of gold in the world and also hold majority of the processing and manufacturing industry for jewellery. The global market is now witnessing an improvement in the jewellery sales overall and with the rising disposable incomes and changing lifestyles; the global jewellery market is set to experience a health growth over the coming years. However, the market is still challenged by the large unorganized markets, particularly in the developing regions.

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