China, the United States and India were the three most important jewelry markets in the world as of 2016, with market values of around
,
, and
billion U.S. dollars respectively.
The global jewelry market was valued at approximately billion U.S. dollars in 2018 and was forecast to reach a value of billion U.S. dollars by 2035.
Global jewelry market
Jewelry is one of the most ancient and enduring forms of personal expression and ornamentation.
Jewelry comes in many different forms, with necklaces, rings, earrings, and bracelets some of the most common types of jewelry. Jewelry can vary greatly depending on its classification. Fashion or costume jewelry is typically made with inexpensive materials and imitation gems and thus is modestly priced, whereas jewelry made from precious metals and gemstones falls within the
personal luxury goods segment and is much more expensive. Diamonds, for example, are probably the most iconic gemstone used in jewelry production, thought of by many as a symbol of everlasting love and luxury.
In 2017, the diamond jewelry market was valued at about billion U.S. dollars worldwide.