What Key Trends Are Shaping the Luxury Segment of the Europe Jewelry Market?

Europe Jewelry Market Overview:
Market Size in 2024: USD 89.4 Billion
Market Forecast in 203:3 USD 107.9 Billion
Market Growth Rate (2025-2033): 2.1%
The Europe jewelry market size was valued at USD 89.4 billion in 2024, and it is expected to reach USD 107.9 billion by 2033, exhibiting a CAGR of 2.1% from 2025-2033.
Europe Jewelry Industry Trends & Growth Drivers:
Lab-Grown Diamond Share Tops 20 % as EU Considers Mandatory Origin Labels
The European Commission’s public consultation (closed July 2025) on “Gemstone Traceability” received 88% support for labelling both natural and lab-grown stones. Pandora-Europe’s largest jeweller-reported lab-grown sales rose to 22% of diamond revenue in H1 2025, up from 12% in H1 2024.
Second-Hand Luxury Surges: Circular Platforms Attract Gen-Z Shoppers
Vestiaire Collective’s 2025 European buyer survey shows 38 % of Gen-Z purchased pre-owned luxury jewelry in the past year. The platform added a “Certified Vintage” category in June 2025 and sold 120k Cartier Love bracelets within eight weeks.
Digital Try-On Becomes Checkout Standard: AR Conversion Rates Jump 31%
LVMH rolled out Snapchat-powered AR try-ons for Bulgari rings across France and Italy in May 2025; internal data reveal a 31% uplift in conversion and 18 % lower return rates compared with static imagery.
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Europe Jewelry Market Segmentation:
Analysis by Product:
- Necklace
- Ring
- Earrings
- Bracelet
- Others
Analysis by Material:
- Gold
- Platinum
- Diamond
- Others
Analysis by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Europe Jewelry Market News:
- 12 Aug 2025 - Swarovski debuts 100% recycled-gold collection in 400 European stores, targeting carbon-neutral production by 2026.
- 11 Aug 2025 - EU Parliament proposes a digital product passport for jewelry to combat conflict minerals, set for 2028 enforcement.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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