Europe Jewellery Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Europe Jewellery Market Growth

Italy has emerged as a leading jewellery manufacturer of Europe. In 2023, it exported gold jewellery worth EUR 9.2 billion, which was a year-on-year growth of 4.2% in quantity and 12.1% in value. The industrial turnover also increased by 7.4%, which can be attributed to the 1.7% growth witnessed in the fashion industry. This performance is in line with Italy’s first competitor France, which recorded a growth of 13.6% in gold jewellery exports. These factors have favoured the Europe jewellery market development.

In 2023, Switzerland recorded a 34.2% growth in the volume and value of gold jewellery from Europe, amounting to EUR 1.3 billion. This was higher than the overall gold jewellery sales in the United States, which amounted to EUR 1.2 billion. By the end of 2024, gold prices are expected to trade at a range of USD 1900- USD 2,300, which can potentially drive the demand for jewellery in Europe.

The European jewellery industry is also witnessing major shifts in market trends. As per the Europe jewellery market analysis, an inclusive approach to self-expression has blurred the difference between female and male jewellery, with consumers exhibiting a greater preference for gender neutral jewellery. Moreover, the integration of wearable technology into jewellery design is enabling consumers to stay connected effortlessly while appearing aesthetic. Over the forecast period, smart jewellery pieces that track health metrics and automatically adjust colour settings based on wearer’s mood is expected to drive the market growth.

Key Trends and Developments

Europe Jewellery Market Trends

Inoveo is a unique alloy which is expected to increase the production and supply of platinum jewellery across Europe. It is 40% harder than pure platinum, offers 4x less porosity, resembles the melting point of gold (around 926 degrees Celsius), and has a long-lasting lustre. This makes it highly suitable for jewellery production. Unlike pure platinum-based jewellery, it doesn’t cause wearing of machining tools and enhances the speed of jewellery production considerably. It can be machined and polished at a 40% faster rate than traditional alloys. This is expected to increase the Europe jewellery market value over the forecast period.

Europe Jewellery Industry Segmentation

Europe Jewellery Market Share

Based on country, the market is segmented into Germany, the United Kingdom, France, and Italy, among others. The United Kingdom is projected to dominate the market, representing 15% of the overall market share as the development of platinum-based jewellery increases. Over the forecast period of 2024-2032, Germany is expected to grow at a CAGR of 5.0% due to the increasing consumer preference for ethical and sustainable jewellery brands in the country.

Leading Companies in the Europe Jewellery Market

Major players are reintroducing vintage jewellery designs produced using conventional artisanal techniques. Their focus on producing handcrafted jewellery pieces, which celebrate nostalgia and brand image is also increasing the Europe jewellery market share.

LVMH Moet Hennessy Louis Vuitton SE

LVMH Moet Hennessy Louis Vuitton SE was founded in 1987 and is headquartered in Paris, France. It is the world’s leading luxury goods retailer which manufactures and sells fashion accessories, apparel, spirits and wines, cosmetics, perfumes, and jewellery.

Chanel SA

Chanel SA was founded in 1910 in Paris but is presently headquartered in London. As per the Europe jewellery m...

Tiffany & Co

Tiffany & Co is an American jewellery producer established in 1837 and is based in New York, United States. It...

Signet Jewelers Ltd.

Signet Jewelers Ltd. is an American company was founded in 1910 and is headquartered in Ohio, United States. I...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the Europe jewellery market report are Swarovski AG, Harry Winston, Inc., Compagnie Financière Richemont S.A., Pandora A/S, Graff Diamonds Limited, and Le petit-fils de L.U. Chopard & Cie SA, among others.