Chile Jewellery Market Report and Forecast 2024-2032

Chile Jewellery Market Outlook

The Chile jewellery market size is projected to expand at a CAGR of 5.60% between 2024 and 2032.

Key Takeaways

• Chile primarily exports its jewellery to Vietnam, India, and Mexico.

• Chile was the 70th largest exporter globally in 2022, with jewellery and parts, silver, including plated silver, amounting to $939k in exports.  While its imports stood at $60.2M in the same year.

• The rising utilisation of cutting-edge technologies in jewellery production, including laser technology, 3D printing, augmented reality, and computer-aided design (CAD), is a notable trend in the market.

As per the Chile jewellery market analysis, the market is experiencing a surge in demand as a result of increased expenditure on high-end products, a rise in disposable income, heightened fashion consciousness among individuals, and a growing trend of purchasing jewellery from online platforms.

The escalating demand for sustainable and environmentally friendly materials in jewellery production is also a significant factor contributing to the expansion of the market. This shift towards sustainable manufacturing methods in the jewellery sector is driven by a growing awareness of the environmental and social impact of traditional production processes. In order to cater to this demand, Pandora, a key player in the sector, made an announcement in January 2024 stating that they would be utilising 100% recycled gold and silver for their range of jewellery pieces, including bracelets and necklaces, among others.

Furthermore, another emerging trend in the market is the increasing utilisation of advanced technologies in manufacturing, including 3D printing, laser technology, augmented reality, and computer-aided design (CAD). These technologies enable quicker production and the development of intricate and highly detailed designs by jewellers. They also facilitate large-scale production of designs that would traditionally require more time to create.

Moreover, virtual reality and augmented reality technologies are becoming more prevalent in the jewellery market, consequently driving up the Chile jewellery market share. Augmented reality applications allow customers to virtually try on jewellery pieces, enabling them to see how the jewellery looks on them before making a purchase without the need to visit physical stores. Additionally, virtual reality technology assists jewellery designers in creating and visualizing new designs in a virtual setting prior to the production phase.

Market Segmentation

Chile Jewellery Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

• Necklace

• Ring

• Earring

• Bracelet

• Others

Market Breakup by Material

• Platinum

• Gold

• Diamond

• Others

Market Breakup by End User

• Men

• Women

• Children

Market Breakup by Distribution Channel

• Offline

• Online

Competitive Landscape

Manufacturers are adopting sustainable production practices and are utilising cutting-edge technologies in jewellery production to enhance their overall output.

• LVMH Moet Hennessy Louis Vuitton SE

• MEO Jewelry Co., Ltd.

• Pandora Jewelry Chile SpA 

• Industria de Diseño Textil, S.A. (Zara)

• Others

Key Highlights of the Report