PUBLISHER: The Business Research Company | PRODUCT CODE: 1931408
PUBLISHER: The Business Research Company | PRODUCT CODE: 1931408
Jewelry and silverware refer to items that encompass ornamental pieces worn for personal adornment, while silverware specifically includes all products made of silver within a household, particularly cutlery and dishware. Jewelry and silverware are utilized to produce engraved, chased, or etched items, including jewelry, novelties, or precious metal flatware. They are also used for stamping coins, cutting, slabbing, tumbling, carving, engraving, polishing, faceting, recutting, repolishing, or resetting precious or semi-precious stones.
The primary types are jewelry and silverware, with silverware including metal eating utensils, tableware, and serving pieces made of or coated with silver. Distribution occurs through online stores, specialty shops, hypermarkets, and other retail outlets, catering to both men and women.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the jewelry and silverware market by increasing costs of imported precious metals, gemstones, silver alloys, and specialized manufacturing equipment. Jewelry manufacturers and retailers in North America and Europe are most affected due to reliance on imported raw materials, while Asia-Pacific faces cost pressure on export-oriented production. These tariffs are increasing product prices and affecting profit margins. However, they are also encouraging local sourcing, recycling of precious metals, and investment in domestic refining and craftsmanship capabilities.
The jewelry and silverware market research report is one of a series of new reports from The Business Research Company that provides jewelry and silverware market statistics, including jewelry and silverware industry global market size, regional shares, competitors with a jewelry and silverware market share, detailed jewelry and silverware market segments, market trends and opportunities, and any further data you may need to thrive in the jewelry and silverware industry. This jewelry and silverware market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The jewelry and silverware market size has grown strongly in recent years. It will grow from $227.65 billion in 2025 to $240.48 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to rising disposable income levels, strong cultural demand for precious ornaments, expansion of organized jewelry retail, growth of urban consumer markets, availability of skilled craftsmanship.
The jewelry and silverware market size is expected to see strong growth in the next few years. It will grow to $309.28 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing preference for traceable precious metals, rising demand for personalized luxury goods, expansion of digital jewelry marketplaces, growing influence of fashion trends, increasing adoption of advanced design technologies. Major trends in the forecast period include increasing demand for sustainable and ethical jewelry, rising adoption of online jewelry retail platforms, growing popularity of customized and personalized designs, expansion of advanced metal finishing techniques, enhanced focus on premium craftsmanship.
The rising number of weddings is anticipated to drive the growth of the jewelry and silverware market in the coming years. Weddings are formal ceremonies in which two individuals unite in marriage, typically celebrated with family, friends, and cultural or religious traditions. The number of weddings is increasing as improving economic conditions encourage more couples to organize formal celebrations, resulting in a higher overall volume of wedding events. Jewelry and silverware play an important role in weddings by adding symbolic and decorative value that enhances the ceremony and provides lasting keepsakes for couples. For instance, in July 2025, according to the Australian Bureau of Statistics, Australia's official national statistical agency, a total of 120,844 marriages were registered, representing a 2.0% increase compared with 2023. Therefore, the growing number of marriages globally is expected to fuel the expansion of the jewelry and silverware market.
Key players operating in the jewelry and silverware market are introducing innovative products, such as non-bridal fashion jewelry, to broaden their offerings and strengthen their competitive position. Non-bridal fashion jewelry includes a wide range of accessories such as necklaces, earrings, bracelets, and rings designed for everyday wear and personal style expression, distinct from jewelry intended specifically for bridal or wedding occasions. For instance, in May 2023, Verragio Ltd., a US-based bridal jewelry manufacturer, launched a line of non-bridal fashion jewelry comprising three distinct collections. Verragio's fashion jewelry range incorporates signature design elements from its well-known bridal collections, including engagement ring halos and its characteristic beading style. The Veritage collection features essential pieces such as diamond pendants and hoop earrings inspired by Verragio's design heritage, incorporating elements such as the company crest, signature beading, and settings derived from its acclaimed bridal collections.
In May 2024, Richemont SA, a Switzerland-based supplier of luxury jewelry, watches, and fashion accessories, acquired Vhernier S.p.A. for an undisclosed amount. Through this acquisition, Richemont aims to expand its portfolio of distinctive jewelry Maisons and strengthen its presence in the high-end design jewelry segment. Vhernier S.p.A. is an Italy-based provider of modern, handcrafted design jewelry and heritage silverware home decor, recognized for its bold sculptural forms and innovative use of both traditional and unconventional materials.
Major companies operating in the jewelry and silverware market are Tiffany & Co., Christian Dior SE, Compagnie Financiere Richemont SA, Kering SA, Pandora A/S, James Avery Craftsman Inc., Titan Ring Designs LLC, Silvesto India Private Limited, Reed & Barton, Lunt Silversmiths, DM Jewelry Design Studio, Mangla International, Gorham Company, International Silver Company, Custom Fashion Jewels, Navika USA Inc., Kole Design, Lavie Jewels, Towle Manufacturing Company, Derewala Industries Limited, Frank Smith Silver Company, Akrati Jewels Inc., Dwarka Jewel, Kanhai Jewels, Gayatri Gems and Jewels Private Limited, Sun Diamonds Pvt. Ltd., Tuttle Silver Company, Wallace Silversmiths, Rockleigh Industries Inc., Tokan Inc., Navika USA Inc., Kole Design, Lavie Jewels
Asia-Pacific was the largest region in the jewelry and silverware market in 2025. Western Europe was the second largest region accounting in The jewelry and silverware market. The regions covered in the jewelry and silverware market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the jewelry and silverware market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The jewelry and silverware market consists of sales of fine silver, sterling silver, silver-plated jewelry, and silver-filled jewelry. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Jewelry And Silverware Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses jewelry and silverware market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for jewelry and silverware ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The jewelry and silverware market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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