Shining Bright: U.S. Jewelry Market Trends & Forecast 2024–2030
The U.S. jewelry market size was estimated at USD 73.32 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2030. The market is driven byinnovative jewelry designs offered by manufacturers and growing disposable income. Furthermore, there’s a distinct shift in consumer behavior, with more people being comfortable buying fine jewelry online. Though this trend was driven by the global pandemic, the jewelry industry may enter a stage of exceptional digital innovation over the forecast period. U.S. jewelry market accounted for the share of 20.76% of the global jewelry market in 2023. The increasing popularity and acceptable of bling jewelry by celebrities has created a major opportunity for new entrants as well as existing players to expand their product portfolio in the jewelry market. For instance, Zillionaire-an Indian start-up with a large online presence and a store in the city of Jaipur-focuses on the latest ...