Luxury Watches & Jewelry - United States

United States

In the United States, the revenue generated in the Luxury Watches & Jewelry market in 2024 amounts to €7.88bn.
It is projected that the market will experience an annual growth rate of 1.28% from 2024 to 2028 (CAGR 2024-2028).
When compared globally, in China generates the highest revenue in this market segment, with €23,090m in 2024.
In terms of per capita revenue, each person in the United States is expected to generate €23.06 in 2024.
The United States is experiencing a surge in demand for luxury watches and jewelry, as consumers seek to express their individuality and status through high-end accessories.

Key regions: United Kingdom, China, France, South Korea, Japan

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Analyst Opinion

Hard luxury is a mainstay of the personal luxury goods industry and still accounts for a high share of sales, yet it has been characterized by relatively low growth in recent years due to an economic slowdown and changing consumption habits, especially in the Greater China region, which used to fuel global sales at the beginning of the decade. The biggest players in this field are LVMH, Richemont, Kering, Swatch, Chow Tai Fook, Lao Feng Xiang, and Rolex. A detailed list of all assessed companies and their brands can be found in the methodology.

Methodology

The Luxury Watches & Jewelry market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Watches & Jewelry industry.