Authored By: Sarah
10 Jan 2025

Latest News- Online Jewelry Market: Fine jewelry is expected to lead the Type segment during 2025-2029

The Online Jewelry Market is being driven by Innovation in jewelry design and technology

The Online Jewelry Market is expected to grow at a CAGR of 22.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 78 billion. In the jewelry industry, the shift towards omnichannel distribution is gaining traction as a strategic business trend. To broaden their customer reach and boost sales, jewelry vendors are merging their brick-and-mortar and online operations by implementing an omnichannel approach in their business models. This transition is driven by shifting consumer shopping habits, the growing number of digitally-savvy consumers, particularly the millennial demographic. Notable jewelry brands such as Signet, Titan, Tiffany & Co., LVMH, and Richemont have embraced this digital transformation and established an online presence. Amazon Go, for instance, exemplifies the integration of various retail channels, providing customers with seamless online services and a hassle-free shopping experience. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

  • Type
    • Fine jewelry
    • Fashion jewelry
  • Product Type
    • Rings
    • Earrings
    • Necklaces
    • Bangles
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • Middle East and Africa
    • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

  • Innovation in jewelry design and technology
  • Rise in Internet penetration and m-commerce
  • E-retailers providing convenient services

However, the market also witnesses some limitations, which are as follows:

  • Customer preference for physical jewelry stores
  • Poor technological integration, especially with online retailers operating at small scales
  • Presence of counterfeit products in e-retailing space

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Market Scope in Online Jewelry Market Research Report

Market Scope

Report Coverage

Details

Page number

210

Base year

2024

Historic period

2019-2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 22.1%

Market growth 2025-2029

USD 78 billion

Market structure

Fragmented

YoY growth 2024-2025(%)

17.8

Key countries

US, Canada, UK, China, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

In the realm of fashion, the online jewelry market flourishes through various internet-based platforms. E-commerce websites and online marketplaces showcase an array of jewelry products with high-quality images and detailed descriptions. Mobile applications offer interactive features, while social media fuels trends. Working women value eye-catching designs, but beware of fake or poor-quality jewelry. Necklaces and accessories abound, with secure payment gateways, customization options, ethical sourcing, and virtual try-on experiences ensuring customer satisfaction. Augmented reality and 3D printing add innovation, while returns, refunds, and late delivery remain concerns.

Market Research Overview

The global online jewelry market is a significant segment of the broader retail industry, encompassing revenue generated by e-commerce websites, mobile applications, and online marketplaces specializing in high-quality jewelry products. Technavio's market analysis includes revenue from jewelry retailers, third-party online platforms, and social media influencer marketing. Factors driving growth in this sector include increasing smartphone adoption and high Internet penetration, enabling consumers to access detailed product descriptions, high-quality images, and interactive features from anywhere.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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