Jewelry and Silverware Market Report 2026

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% 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 décor, 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 Financière 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.

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