Pearl Jewellery Market Size was valued at USD 13.6 Billion in 2022. The Pearl Jewellery market industry is projected to grow from USD 15.5 Billion in 2023 to USD 43.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.80% during the forecast period (2024 - 2032). Increasing consumer preference for luxury accessories and a growing trend of personalized and customizable Jewellery are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for Pearl Jewellery is being driven by sustainable and ethical practices. Sustainable and ethical practices in pearl cultivation and jewellery production have gained prominence. Consumers are increasingly conscious of the environmental and social impact of their purchases. Cultured pearls, which are produced through sustainable farming methods, are gaining popularity over traditional pearls obtained through pearl diving, a process associated with environmental concerns. Jewelers are adopting eco-friendly practices in their operations, promoting responsible sourcing, and emphasizing transparency in the supply chain to meet the rising demand for ethically produced pearl jewellery.
Furthermore, there is a trend in the pearl jewellery market towards personalised and inventive designs. Pearls are being used by jewelers in distinctive and modern designs in an effort to draw in younger customers. Customization options are becoming more and more common, giving clients the ability to select pearl varieties, sizes, and settings. This pattern is in line with consumers' increasing desire for customized items. Because of this, jewelers and designers are concentrating on making pearl jewelry that can be worn for a variety of events and tastes.
The market for pearl jewellery has been greatly impacted by the digital transition, with a major increase in online shopping and digital presence. E-commerce sites are now essential for connecting with a worldwide clientele and giving buyers a practical means of viewing and buying pearl jewellery. Online campaigns and influencers are influencing customer preferences through social media platforms. The increase of online sales in the pearl jewellery industry can be attributed to the convenience of online purchasing, safe transactions, and virtual try-on capabilities.
For example, a research from the International Labor Organization (ILO) predicts a steady growth in the cultivated pearl business, which is well-known for its eco-friendly methods. With a 15% annual growth rate, the market for pearls produced responsibly is expected to reach USD 5 billion by 2025. Jewelry companies who highlight environmental consciousness in their marketing and production methods stand to gain from this trend by drawing in eco-aware customers looking for pearl jewelry that is sourced ethically. As a result, it is predicted that during the course of the projection period, consumer preference for pearls sourced ethically and sustainably would drive up demand for pearl jewellery. driving the income of the pearl jewelry market.
The Pearl Jewellery Market segmentation, based on type includes necklace, earrings, rings, and others. The earrings segment dominated the market, accounting for 42% of market revenue. The growth is driven by evolving fashion trends and consumer preferences for versatile and elegant pearl earrings.
The Pearl Jewellery Market segmentation, based on pearl nature type includes cultures and natural. The cultured pearl segment dominated the segment in the with a significate 90% market share in 2022. The growth in the segment is due to the increased popularity of cultured pearls, driven by sustainable practices, consistent quality, and affordability compared to natural pearls.
Figure 1: Pearl Jewellery Market, by Pearl Nature, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Pearl Jewellery Market segmentation, based on distribution channel, includes offline channels & online channels. The online channels category is the most fastest growing segment driven by the growing trend of e-commerce, convenience, and a wide range of options available to consumers shopping for pearl Jewellery online.
The Pearl Jewellery Market segmentation, based on pearl source includes fresh water and salt water. The fresh water segment is the largest and fastest-growing in the Pearl Jewellery Market, driven by factors such as accessibility, affordability, and a rising preference for freshwater pearls among consumers seeking elegant yet budget-friendly options.
The Pearl Jewellery Market segmentation, based on material includes gold, silver, and others. The gold dominated the segment in 2022. The growth in the segment is due to its timeless appeal, perceived value, and cultural significance, making it a preferred choice for consumers seeking luxurious and elegant pearl jewellery.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Pearl Jewellery market area will dominate this market, owing to a strong affinity for luxury accessories, high disposable incomes, and a growing trend toward personalized and culturally significant jewellery, boosting the demand for pearls in the region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: PEARL JEWELLERY MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Pearl Jewellery market accounts for the second-largest market share due to a rich cultural heritage, a penchant for timeless elegance, and a thriving luxury jewellery market. Further, the German Pearl Jewellery market held the largest market share, and the UK Pearl Jewellery market was the fastest growing market in the European region
The Asia-Pacific Pearl Jewellery Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to a deep-rooted cultural affinity for pearls, and increasing luxury consumption. Moreover, China’s Pearl Jewellery market held the largest market share, and the Indian Pearl Jewellery market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Pearl Jewellery market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Pearl Jewellery industry must offer innovative designs and sustainable sourcing practices.
Strategic partnerships and collaborations with pearl farms and jewellery designers to ensure a consistent and high-quality supply of pearls is one of the key business tactics used by manufacturers in the global Pearl Jewellery industry to benefit clients and increase the market sector. In recent years, the Pearl Jewellery industry has offered a diverse range of customizable and innovative designs and modern aesthetics. Major players in the Pearl Jewellery market, including CPI Luxury Group, Pearls Of Australia Pty Ltd., Wing Wo Hing Jewelry Group Ltd., LVMH, Kailis Jewellery, K. Mikimoto & Co., Ltd., Pearl Paradise, Palas Emporio Pty Ltd., Pearl Falco Corporation, Isle of Wight Pearl, Pearl Jewelry Ito, Inc., Aquarian Pearls, Jewelmer, Akuna Pearls, TASAKI & Co., Ltd., and others, are attempting to increase market demand by investing in research and development operations.
Pearls of Australia Pty Ltd. is a prominent player in the pearl industry, known for its expertise in cultivating and harvesting high-quality pearls. Located in Australia, the company focuses on sustainable and ethical pearl farming practices. With a commitment to environmental stewardship, Pearls of Australia aims to deliver exceptional pearls that reflect the unique beauty of the Australian marine environment. The company's dedication to quality and ethical practices positions it as a respected name in the global pearl market. In December 2021, Pearls of Australia Pty Ltd. announces their new partnership with Everledger, a company specializing in blockchain technology for the luxury goods industry.
Founded in 1987, LVMH Moët Hennessy Louis Vuitton SE, commonly known as LVMH, is a French multinational luxury goods conglomerate. Headquartered in Paris, France, the company is renowned for its prestigious portfolio of high-end brands, encompassing fashion, leather goods, perfumes, cosmetics, watches, jewellery, and spirits. Some of its iconic brands include Louis Vuitton, Christian Dior, Moët & Chandon, and Hennessy. LVMH maintains a global presence and is celebrated for its commitment to craftsmanship, innovation, and unparalleled luxury. In July 2023, LVMH solidified its association with the Paris 2024 Olympic and Paralympic Games as a Premium Partner. The commitment involves showcasing LVMH's creative excellence and craftsmanship to enhance significant celebratory moments throughout the event.
Pearl Jewellery Industry Developments
January 18, 2024 : Michael Burke has been appointed Chairman and CEO of LVMH Fashion Group, a move that LVMH is happy to announce. He takes over for Sidney Toledano, who quits the LVMH Executive Committee after being named Advisor to Bernard Arnault.
February 2023: Assael, a well-known luxury pearl Jewellery brand, has unveiled its 2022-2023 collection through an inclusive and diverse campaign, featuring models Michaela Kocianova and James Lorenzo adorned with pearl and coral jewellery. Captured in Miami, the campaign embodies the brand's ethos of "elegance with attitude" and its dedication to providing opulent and top-quality pearl, coral, and gemstone designs suitable for individuals of all genders and lifestyles. The collection showcases a blend of innovative and timeless pieces, including pearl sautoir necklaces, earrings, rings, and coral strands, underscoring the brand's emphasis on design innovation and technical excellence.
February 2023: Designers Lepa Galeb-Roskopp and Jeffrey Levinson have collaborated to introduce a fully customizable luxury handbag that combines Misahara's Chain City Chain with Jeffrey Levinson's Finley Clutch. The innovative bag features a detachable 14K gold strap that serves as a necklace. Customers can personalize the strap and necklace with different gemstones, gold color, enamel, length, textures, and more.
October 2022: Jewelmer, a global luxury brand renowned for its South Sea pearls, has introduced a decade-long showcase at The Mind Museum in the Philippines, titled "Pearl of the Orient." This exhibit serves as a tribute to the South Sea pearl and a genuine promotion of sustainable marine practices. Highlighting the careful cultivation and harvesting of pearls, the exhibit illustrates the oysters' growth and emphasizes the sea's interconnectedness with our ecology. Its primary goal is to educate visitors about the nation's cherished gem while emphasizing the importance of collaborative sustainability initiatives.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 13.6 Billion |
| Market Size 2023 | USD 15.5 Billion |
| Market Size 2032 | USD 43.5 Billion |
| Compound Annual Growth Rate (CAGR) | 13.80% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | CPI Luxury Group, Pearls Of Australia Pty Ltd., Wing Wo Hing Jewelry Group Ltd., LVMH, Kailis Jewellery, K. Mikimoto & Co., Ltd., Pearl Paradise, Palas Emporio Pty Ltd., Pearl Falco Corporation, Isle of Wight Pearl, Pearl Jewelry Ito, Inc., Aquarian Pearls, Jewelmer, Akuna Pearls, TASAKI & Co., Ltd. |
| Key Market Opportunities | · Exploring innovative customization options and sustainable practices |
| Key Market Dynamics | · Changing consumer preferences and increasing demand for sustainable luxury |
Frequently Asked Questions (FAQ) :
The Pearl Jewellery Market size was valued at USD 13.6 Billion in 2022.
The global market is projected to grow at a CAGR of 13.80% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are CPI Luxury Group, Pearls Of Australia Pty Ltd., Wing Wo Hing Jewelry Group Ltd., LVMH, Kailis Jewellery, K. Mikimoto & Co., Ltd., Pearl Paradise, Palas Emporio Pty Ltd., Pearl Falco Corporation, Isle of Wight Pearl, Pearl Jewelry Ito, Inc., Aquarian Pearls, Jewelmer, Akuna Pearls, TASAKI & Co., Ltd.
The earrings category dominated the market in 2022.
The online had the largest share in the global market.
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