Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Product (Necklace, Ring, Earrings, Bracelet, Others), By Material (Gold, Platinum, Diamond, Others) And Competitive Landscape
| Product Code: ETC057782 | Publication Date: Feb 2021 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
According to 6Wresearch internal database and industry insights, the Europe Jewellery Market was accounted at USD 56.8 billion in 2024 and is projected to reach nearly USD 87.5 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 6.5% during the forecast period (2025-2031).
| Report Name | Europe Jewellery Market |
| Forecast Period | 2025-2031 |
| Market Size | USD 87.5 billion by 2031 |
| CAGR | 6.5% |
| Growing Sector | Luxury & Fashion Accessories |
Europe Jewellery Market report thoroughly covers the market by product, material, and countries. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.
Europe Jewellery Market has seen consistent growth due to increasing demand for premium and customized jewellery products, along with rising disposable income of people in Europe. The increase in sustainability and eco-friendly practices in jewellery manufacturing has majorly increased market expansion. The rising trend of luxury items as a symbol of social status and personal investment has further boosted growth in this sector. In addition, the growing use of e-commerce platforms for jewellery sales is introducing new opportunities in the Europe market.
Key drivers that are helping the market grow and influencing future trends include:
| Growth Drivers | Primary Segments Affected | Impact on Market |
| Luxury Consumption & Demand for Customization | By Product (Necklace, Ring, Earrings) | Increased demand for unique and jewellery pieces, boosting customisation services in the market. |
| Technological Innovations & E-Commerce Expansion | By Product (All categories) and Online Sales | E-commerce platforms, and virtual try-ons increase customer engagement and boost sales. |
| Focus on Sustainable & Ethical Sourcing | By Material (Gold, Platinum, Diamond, Others) | Consumer choices for ethically built and sustainable jewellery, encouraging brands to use such practices. |
| Rising Disposable Income | By Countries (Germany, United Kingdom, France) | Higher disposable income, in Western Europe, is increasing demand for premium jewellery products. |
| Growing Fashion and Luxury Trends | By Product (Ring, Necklace) and By Material (Gold, Diamond) | Jewellery as a fashion statement and status symbol is influencing demand for luxury items, especially in young consumers. |
Europe Jewellery Market is projected to grow at a CAGR of 6.5% during the forecast period. The increasing focus on luxury, ethical practices, and digital marketing will play a key role in shaping the demand for jewellery. Additionally, the continuous growth of e-commerce platforms and social media marketing is expected to drive the Europe Jewellery Market Growth. Rising consumer preference for personalized and customized designs is also increasing demand, while innovations in sustainable and lab-grown materials are attracting environmentally conscious buyers.
Below are some major restraints and their influence on market dynamics:
| Restraints | Primary Segments Affected | Impact on Market |
| Fluctuations in Raw Material Prices | By Material (Gold, Diamond, Platinum) | Uncertain prices of raw materials like gold and diamonds may affect profitability and price stability for manufacturers. |
| Economic Sensitivity & Consumer Spending | By Countries (All major Europe countries) | Economic downturns and uncertainty can affect consumer spending on luxury and non-essential jewellery items. |
| Regulatory Challenges on Import-Export of Precious Metals | By Material (Gold, Diamond) | Strict regulations and tariffs on the import/export of precious metals may cause problem in supply chain. |
| Saturation of Traditional Markets | By Countries (United Kingdom, France, Italy) | More competition and a full market for jewellery in some areas could slow growth. |
| Counterfeit Products | By Product (Necklace, Earrings, Rings) | The presence of fraud jewellery may affect consumer trust in the originality of branded products. |
There are significant challenges faced by the Europe Jewellery Market Industry. The fluctuation in the prices of raw materials, such as gold, diamonds, and platinum, is one such challenge, affecting the manufacturing process. Economic changes can also affect consumer buying habits for luxury items during financial problems in countries. Strict import/export rules and taxes on expensive metals can also create difficulties for businesses. In big markets like the UK, France, and Italy, market saturation also limits growth. The rise of fraudulent jewellery has reduced consumer trust and poses a threat to legitimate sales.
Some major trends seen in the Europe Jewellery Market are:
Some leading players dominating the Europe Jewellery Market share include:
| Company Name | Cartier |
|---|---|
| Established Year | 1847 |
| Headquarters | Paris, France |
| Official Website | Click Here |
Cartier is a leading luxury jewellery brand, offering exquisite collections including rings, bracelets, and watches. Known for exceptional craftsmanship and premium diamonds, Cartier caters to high-net-worth individuals across Europe and the global market.
| Company Name | Tiffany & Co. |
|---|---|
| Established Year | 1837 |
| Headquarters | New York, United States |
| Official Website | Click Here |
Tiffany & Co. is renowned for its luxury jewellery, particularly engagement rings. The brand has a strong presence in Europe, emphasizing sustainable sourcing, ethical practices, and innovative design in its high-end collections.
| Company Name | Bvlgari |
|---|---|
| Established Year | 1884 |
| Headquarters | Rome, Italy |
| Official Website | Click Here |
Bvlgari is a leader in fine jewellery, offering luxury products such as necklaces, rings, and watches. The brand is celebrated for bold and timeless designs, combining Italian artistry with premium materials for discerning clients worldwide.
| Company Name | Swarovski |
|---|---|
| Established Year | 1895 |
| Headquarters | Wattens, Austria |
| Official Website | Click Here |
Swarovski is a pioneer in precision-cut crystals, offering a wide range of jewellery from fashion to luxury items. The brand caters to multiple consumer segments, blending innovative design, quality craftsmanship, and sparkling elegance.
| Company Name | Chopard |
|---|---|
| Established Year | 1860 |
| Headquarters | Geneva, Switzerland |
| Official Website | Click Here |
Chopard is known for luxury jewellery and watches featuring high-quality diamonds and ethically sourced materials. The brand is a preferred choice for affluent customers in Europe, emphasizing elegance, craftsmanship, and sustainability.
Governments across Europe are adopting strict regulations to promote sustainability and ethical practices in the jewellery industry:
The outlook for the Europe Jewellery Market remains positive, driven by rising consumer interest in luxury, customization, and sustainability. The ongoing digital transformation and e-commerce growth will continue to shape consumer behavior and market strategies. Steady growth is expected with increasing demand for sustainable and innovative jewellery products.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Germany is expected to dominate the Europe Jewellery Market, driven by its strong economy, rising demand for luxury products, and increasing adoption of online retail. The market is also benefiting from the growing trend of sustainable jewellery and personalized services.
Necklaces are expected to lead the product segment due to their popularity among consumers seeking both casual and luxury styles. Necklaces made from sustainable materials are seeing a surge in demand.
Gold jewellery remains dominant in Europe due to its cultural significance, long-lasting appeal, and investment potential. Rising consumer preference for ethically and sustainably sourced gold further drives growth.
The report provides a detailed analysis of the following market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Europe Jewellery Market Overview |
| 3.1 Europe Regional Macro Economic Indicators |
| 3.2 Europe Jewellery Market Revenues & Volume, 2021 & 2031F |
| 3.3 Europe Jewellery Market - Industry Life Cycle |
| 3.4 Europe Jewellery Market - Porter's Five Forces |
| 3.5 Europe Jewellery Market Revenues & Volume Share, By Countries, 2021 & 2031F |
| 3.6 Europe Jewellery Market Revenues & Volume Share, By Product, 2021 & 2031F |
| 3.7 Europe Jewellery Market Revenues & Volume Share, By Material, 2021 & 2031F |
| 4 Europe Jewellery Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Europe Jewellery Market Trends |
| 6 Europe Jewellery Market, 2021-2031 |
| 6.1 Europe Jewellery Market, Revenues & Volume, By Product, 2021-2031 |
| 6.2 Europe Jewellery Market, Revenues & Volume, By Material, 2021-2031 |
| 7 Germany Jewellery Market, 2021-2031 |
| 7.1 Germany Jewellery Market, Revenues & Volume, By Product, 2021-2031 |
| 7.2 Germany Jewellery Market, Revenues & Volume, By Material, 2021-2031 |
| 8 United Kingdom Jewellery Market, 2021-2031 |
| 8.1 United Kingdom Jewellery Market, Revenues & Volume, By Product, 2021-2031 |
| 8.2 United Kingdom Jewellery Market, Revenues & Volume, By Material, 2021-2031 |
| 9 France Jewellery Market, 2021-2031 |
| 9.1 France Jewellery Market, Revenues & Volume, By Product, 2021-2031 |
| 9.2 France Jewellery Market, Revenues & Volume, By Material, 2021-2031 |
| 10 Italy Jewellery Market, 2021-2031 |
| 10.1 Italy Jewellery Market, Revenues & Volume, By Product, 2021-2031 |
| 10.2 Italy Jewellery Market, Revenues & Volume, By Material, 2021-2031 |
| 11 Russia Jewellery Market, 2021-2031 |
| 11.1 Russia Jewellery Market, Revenues & Volume, By Product, 2021-2031 |
| 11.2 Russia Jewellery Market, Revenues & Volume, By Material, 2021-2031 |
| 12 Spain Jewellery Market, 2021-2031 |
| 12.1 Spain Jewellery Market, Revenues & Volume, By Product, 2021-2031 |
| 12.2 Spain Jewellery Market, Revenues & Volume, By Material, 2021-2031 |
| 13 Rest of Europe Jewellery Market, 2021-2031 |
| 13.1 Rest of Europe Jewellery Market, Revenues & Volume, By Product, 2021-2031 |
| 13.2 Rest of Europe Jewellery Market, Revenues & Volume, By Material, 2021-2031 |
| 14 Europe Jewellery Market Key Performance Indicators |
| 15 Europe Jewellery Market - Opportunity Assessment |
| 15.1 Europe Jewellery Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 15.2 Europe Jewellery Market Opportunity Assessment, By Product, 2021 & 2031F |
| 15.3 Europe Jewellery Market Opportunity Assessment, By Material, 2021 & 2031F |
| 16 Europe Jewellery Market - Competitive Landscape |
| 16.1 Europe Jewellery Market Revenue Share, By Companies, 2024 |
| 16.2 Europe Jewellery Market Competitive Benchmarking, By Operating and Technical Parameters |
| 17 Company Profiles |
| 18 Recommendations |
| 19 Disclaimer |