United States Jewelry Market

Market Overview: 

The United States jewelry market size reached US$ 75 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 85.5 Billion by 2032, exhibiting a growth rate (CAGR) of 1.2% during 2024-2032.  The increasing demand for fine and intricate jewellery, rising expenditure capacities of consumers, the widespread product availability across online platforms, and the growing utilization of three-dimensional (3D) printing and augmented reality (AR) technologies represent some of the key factors driving the market.

Jewelry refers to decorative items, such as necklaces, bracelets, earrings, rings, and brooches, that are worn for personal adornments. It can be made from a variety of materials, including precious metals like gold and silver, gemstones, pearls, and even non-precious materials like glass and plastic. Jewelry is intricately designed by skilled artisans and crafted with great attention to detail. It can be handmade or mass-produced, and designs can range from simple and minimalist to intricate and ornate. It is often used to enhance one's appearance, express personal style, and symbolize cultural or religious beliefs. Moreover, jewelry has been used as a status symbol, a form of wealth, and an art form, and it continues to be an integral part of various cultures and societies, often being passed down through generations as cherished heirlooms.

United States Jewelry Market Trends:

The United States jewelry market is primarily driven by the increasing demand for fine and intricate jewellery. In line with this, the rising expenditure capacities of consumers and the growing popularity of fast fashion have led to the availability of fashion jewelry made of plated alloys and crystal stones through online platforms, which is favoring the market growth. Moreover, the increasing product demand on special occasions like weddings, anniversaries, and festivals is acting as another growth-inducing factor. Apart from this, the jewelry market in the country has witnessed a shift in consumer preferences towards minimalistic and versatile designs that complement various fashion styles, propelling the market growth. Furthermore, rapid advancements in technology and manufacturing techniques, such as three-dimensional (3D) printing and augmented reality (AR), to create innovative and immersive shopping experiences are positively influencing the market growth. Besides this, the widespread product availability across online platforms that allows jewelry retailers to reach a wider audience, provide personalized shopping experiences, and offer convenient options for consumers to purchase jewelry from the comfort of their homes is acting as another growth-inducing factor. Additionally, the rising consumer inclination toward sustainable practices, such as using conflict-free gemstones and fair-trade gold, owing to the increasing environmental consciousness among the masses, is supporting the market growth. Other factors, including a growing gift-giving culture, continuous innovations, the introduction of new designs, changing cultural preferences, and increasing investments in luxury goods, such as jewellery, are presenting remunerative growth opportunities for the market.

United States Jewelry Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the United States jewelry market report, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product and material.

Product Insights:

• Necklace
• Ring
• Earrings
• Bracelet
• Others
   

The report has provided a detailed breakup and analysis of the market based on the product. This includes necklace, ring, earrings, bracelet, and others.

Material Insights:

• Gold
• Platinum
• Diamond
• Others
   

A detailed breakup and analysis of the market based on the material has also been provided in the report. This includes gold, platinum, diamond, and others.

Regional Insights:

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Jewelry Market Report Coverage:

Key Questions Answered in This Report:

• How has the United States jewelry market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States jewelry market?
• What is the breakup of the United States jewelry market on the basis of product?
• What is the breakup of the United States jewelry market on the basis of material?
• What are the various stages in the value chain of the United States jewelry market?
• What are the key driving factors and challenges in the United States jewelry market?
• What is the structure of the United States jewelry market and who are the key players?
• What is the degree of competition in the United States jewelry market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States jewelry market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the United States jewelry market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States jewelry industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.