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

United States Jewellery Market Growth

The United States accounts for nearly 20%-25% of the global luxury goods market, with annual consumer expenditure of around USD 240 to USD 300 billion. The growing demand for more ethical and greener products by American consumers prompted companies to increase their investments in developing sustainable luxury products by 30% in 2023. In addition, French and Italian luxury goods (including watches and jewellery) are high in demand in the USA, with exports from Europe rising by 20% in recent years. In 2023, the total contribution of American consumers to the global luxury tourism sector rose year-on-year by 15% to USD 50 billion. This is expected to fuel the United States jewellery market expansion.

Furthermore, the luxury industry faces the responsibility of balancing business ethics and sustainability with the growing consumer desire for exclusive products. An increasing number of American consumers have started exhibiting growing concern and awareness for the production practices of different jewellery makers, prompting jewellery makers to ensure a higher degree of transparency and corporate social responsibility in their products. This represents an exciting opportunity for major United States jewellery market players, where companies can adopt unique business models that cater to their ESG goals.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Key Trends and Developments

United States Jewellery Market Trends

In 2022, total e-commerce sales reached USD 1.09 trillion in the United States of America, with Q4 of FY 2022-23 recording sales worth USD 332.2 billion. Mobile e-commerce recorded a year-on-year growth of 26% and was the main factor behind 18% year-on-year growth of digital commerce revenue. Of all product categories, apparel and accessories witnessed the third highest growth rate of 37%, while recording sales worth USD 175 billion. This indicates the growing consumer appeal for online shopping of fashion accessories, apparel, and jewellery products, which is expected to increase the United States jewellery market value.

United States Jewellery Industry Segmentation

United States Jewellery Market Share

Based on region, the market is segmented into New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West. The Mideast is projected to dominate the market, currently representing 18% of the overall market share. Over the forecast period, New England is expected to grow at a CAGR of 5.2% because of increasing introduction of unique and sustainable jewellery pieces in the region.

Leading Companies in the United States Jewellery Market

Major players are bolstering their investment plans to cater to the increasing demand for sustainable and ethically sourced jewellery in the United States. This is expected to drive their United States jewellery market share over the forecast period.

Tiffany & Co

Tiffany & Co was founded in 1837 and is headquartered in New York, United States. It operates over 300 luxury retail stores worldwide and is engaged in supplying jewellery, customised trophies/awards, and business gifts.

Signet Jewelers Ltd.

Signet Jewelers Ltd. was founded in 1910 and is headquartered in Ohio, United States. It is the w...

Brilliant Earth Group Inc.

Brilliant Earth Group Inc. was founded in 2005 and is headquartered in California, United States....

Vrai & Oro, LLC

Vrai & Oro, LLC is a privately held company which was founded in 2014. It is engaged in manuf...

*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 key players included in the United State jewellery market report are Swarovski AG, Aether Diamonds, Harry Winston, Inc., Compagnie Financière Richemont S.A., Chanel SA, and Pandora Jewellery, Inc., among others.