The UK jewelry market size was estimated at USD 5.76 billion in 2024 and is to reach USD 9.41 billion by 2033, growing at a CAGR of 5.7% from 2025 to 2033. The market is driven by a growing preference for long-term value, ethical sourcing, and craftsmanship.
Affluent Millennials and Gen Z consumers are investing in fine jewelry for aesthetics and as a form of financial security. Weddings, anniversaries, and personalized gifting also fuel demand. Lab-grown diamonds are soaring in the UK due to compelling ethical and affordability advantages. Lab-grown diamonds may not be “natural,” but they are indisputably real, sharing the same physical, chemical, and optical properties as mined stones. They are typically 20-40% cheaper than natural diamonds, allowing consumers to purchase larger or higher-quality gems for the same budget while avoiding the environmental and human rights issues associated with mining. Equipped with advanced HPHT and CVD technologies, these diamonds are indistinguishable from mined ones and are produced with a lower carbon footprint.
Investment-oriented fine jewelry is gaining momentum in the UK as consumers turn to tangible assets during economic uncertainty. Gold, platinum, and high-quality gemstones are increasingly seen as adornments and as “wearable wealth” with lasting value. In 2024, fine jewelry outperformed several other luxury assets, with prices rising over 2%. High-purity gold (22K-24K) remains popular for its liquidity and security. At the same time, rare-colored gemstones like Burmese rubies and Kashmir sapphires are being sought after for their collectible and appreciating value. This trend reflects a growing preference for timeless, value-retaining pieces that offer beauty and financial resilience.
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Affluent Millennials and Gen Z consumers are investing in fine jewelry for aesthetics and as a form of financial security. Weddings, anniversaries, and personalized gifting also fuel demand. Lab-grown diamonds are soaring in the UK due to compelling ethical and affordability advantages. Lab-grown diamonds may not be “natural,” but they are indisputably real, sharing the same physical, chemical, and optical properties as mined stones. They are typically 20-40% cheaper than natural diamonds, allowing consumers to purchase larger or higher-quality gems for the same budget while avoiding the environmental and human rights issues associated with mining. Equipped with advanced HPHT and CVD technologies, these diamonds are indistinguishable from mined ones and are produced with a lower carbon footprint.
Investment-oriented fine jewelry is gaining momentum in the UK as consumers turn to tangible assets during economic uncertainty. Gold, platinum, and high-quality gemstones are increasingly seen as adornments and as “wearable wealth” with lasting value. In 2024, fine jewelry outperformed several other luxury assets, with prices rising over 2%. High-purity gold (22K-24K) remains popular for its liquidity and security. At the same time, rare-colored gemstones like Burmese rubies and Kashmir sapphires are being sought after for their collectible and appreciating value. This trend reflects a growing preference for timeless, value-retaining pieces that offer beauty and financial resilience.
UK Jewelry Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis of the latest trends and opportunities in each sub-segment from 2018 to 2033. For this study, the analyst has segmented the UK jewelry market report by product, material, distribution channel, and end-use.Product Outlook (Revenue, USD Billion, 2018 - 2033)
- Necklace
- Ring
- Earring
- Bracelet
- Others
Material Outlook (Revenue, USD Billion, 2018 - 2033)
- Platinum
- Gold
- Diamond
- Others
Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2033)
- Offline Retail Stores
- Supermarkets & Hypermarkets
- Jewelry Stores
- Online Retail Stores
End-use Outlook (Revenue, USD Billion, 2018 - 2033)
- Men
- Women
- Children
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
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This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. UK Jewelry Market Variables, Trends & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. UK Jewelry Market: Product Estimates & Trend Analysis
Chapter 6. UK Jewelry Market: Material Estimates & Trend Analysis
Chapter 7. UK Jewelry Market: Distribution Channel Estimates & Trend Analysis
Chapter 8. UK Jewelry Market: End Use Estimates & Trend Analysis
Chapter 9. Competitive Analysis
List of Tables
List of Figures
Companies Mentioned
- Boodle and Dunthorne limited
- Graff Diamonds Limited
- De Beers Jewellers Ltd
- Tiffany & Co.
- Pandora Jewelry, Inc.
- Monica Vinader
- PNG Jewellery
- Signet Trading Limited
- Astley Clarke Ltd
- Mappin & Webb
