Global Pearl Jewelry Market Share Is Expected To Grow At A CAGR Of 13% By 2030

16-Mar-2023 | Facts and Factors

According to Facts and Factors, the global pearl jewelry market size was worth around USD 10.5 billion in 2022 and is predicted to grow to around USD 25 billion by 2030 with a compound annual growth rate (CAGR) of roughly 13% between 2023 and 2030.

global-pearl-jewelry-market-share

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The global industry is responsible for procuring, designing, storing, and selling jewelry pieces that have pearl components either as stand-alone units or along with other precious metals or gemstones. Pearls are formed with the help of mollusks or oysters. This happens when a piece of irritant, for instance, sand, is trapped for a long time in the body structure of mollusks. With this, the creature creates a layer of nacre surrounding the irritant giving rise to pearls. They are highly valued in the fashion and jewelry industry since they have been used as high-valued pieces over centuries adorned by men and women alike.

Browse the full “Pearl Jewelry Market Size, Share, Growth Analysis Report By Type (Earring, Necklace, Rings, and Others), By Pearl Type (Saltwater and Freshwater), By Material (Silver, Gold, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030" report at https://www.fnfresearch.com/pearl-jewelry-market

Pearls, these days, are used in different design structures to be sold in the commercial market. The designs range from traditional pieces to more modern or contemporary versions where the pearl is incorporated with other gemstones of value jewelry metals. Pearls can be found in different shapes and sizes. They can be further processed into different types of jewelry pieces depending on the fashion trend. Several factors are propelling the global industry growth but it also witnessed significant hindrances which need to be handled properly for the survival of the industry players.

The global pearl jewelry market is projected to grow owing to the directly rising demand for pearl jewelry from the consumer segment. With the help of the internet, consumers are becoming increasingly aware of pearl quality and have started investing in high-grade pearls that have unique properties in terms of shape, luster, and color. Although a large segment of the population may choose synthetic pearls due to lower prices, there is a growing segment of consumers that prefer to save and invest in high-quality pearls since they offer a better return on investment in the long run.

Furthermore, the ever-growing variety of options available for purchase is acting as an important growth factor. For instance, pearls are rare gemstones that come in different shapes, sizes, and colors which can be used with other precious metals like gold and silver to create beautiful and intrinsic jewelry designs. The growing disposable income has allowed more consumers to look for investments in terms of jewelry pieces. Additionally, online retaining of pearls has shortened the distance between consumers and sellers since the jewelry pieces can now be accessed by everyone from one corner of the world to another.

However, the high cost of production coupled with a limited supply of pearls could act as a market restraint. The cost associated with the production and storing of pearls can be expensive since it requires specialized equipment along with skilled labor to harvest the gemstone. Small-scale producers may struggle to keep up with the fluctuating prices of raw materials along with the concerns related to environmental efficiency.

The growing fashion industry could provide excellent growth opportunities whereas environmental concerns are important challenges to be overcome by players.

global-pearl-jewelry-market-size

Segmental Overview:

The global pearl jewelry market is segmented based on type, pearl type, material, and region

Based on type, the global market divisions are earring, necklace, rings, and others

  • Although the type of jewelry chosen is dependent on several factors like personal preference, availability, price, and cultural norms, the most popular type of pearl jewelry are necklace
  • They are available in different length sizes along with pearl quality and are mostly adorned by the women population owing to the high status associated with good-quality pearl necklaces
  • Pearl earrings are another popular form of pearl jewelry. Some earrings have single pearl studs for each year while some designs are more detailing For instance, drop earrings are becoming increasingly popular amongst the younger consumers
  • In 2011, the world witnessed a large melo pearl being sold for USD 30,500

Based on pearl type, the global market segments are saltwater and freshwater.

  • Although both types of pearls have a huge market, the demand for freshwater pearls is comparatively higher
  • Since the availability of the latter is more than the former, it is easy to harvest and sell them leading to a larger consumer group
  • Furthermore, freshwater pearls offer a wide range of options in terms of size and shape as compared to the counterparts
  • Saltwater pearls leave a long-lasting impact on the environment and hence they are relatively less preferred
  •  The Pearl of Lao Tzu, the most famous pearl, weighs around 6.4 kilograms

Based on material, the global market is divided into silver, gold, and others.

Regional Overview: 

Asia-Pacific is projected to register the highest growth in the global pearl jewelry market owing to the high consumption rate in the countries of India, China, Indonesia, and Japan. They are also the largest producers of gemstones and have a large number of suppliers with client lists spread across the world. Furthermore, pearls have been culturally aligned with these economies for centuries and hence are highly regarded and well-preserved.

North America is expected to grow at a high CAGR owing to the growing demand for pearls in the fashion industry which is influencing the demand in the commercial regional market since a large segment of the population is now investing in pearl jewelry along with other precious metals. Europe may grow significantly due to the growing popularity of pearls and associated items.

Report Scope

Report Attribute

Details

Market Size in 2022

USD 10.5 Billion

Projected Market Size in 2030

USD 25 Billion

CAGR Growth Rate

13% CAGR

Base Year

2022

Forecast Years

2023-2030

Key Market Players

Chow Tai Fook Jewellery Company Limited, American Pearl Company Inc, Misaki, Tiffany and Co. (LVMH Moët Hennessy Louis Vuitton), Mikimoto, Chandrani Pearls, Majorica Pearl, Tanishq Titan Company Ltd., Tasaki & Co. Ltd, Dogeared Inc, The Pearl Source, Shop TJC Limited, Atelier Mon., and others.

Key Segment

By Type, Pearl Type, Material, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Purchase Options

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Competitive Landscape:

The global pearl jewelry market is led by players like Chow Tai Fook Jewellery Company Limited, American Pearl Company Inc, Misaki, Tiffany and Co. (LVMH Moët Hennessy Louis Vuitton), Mikimoto, Chandrani Pearls, Majorica Pearl, Tanishq Titan Company Ltd., Tasaki & Co. Ltd, Dogeared Inc, The Pearl Source, Shop TJC Limited, and Atelier Mon.

Recent Developments:

  • In March 2022, Jimmy Choo, a luxury shoe designer, announced the launch of a new line of jewelry made of pearls, monogram pieces, and crystals. The jewelry designs are inspired by bags and shoes
  • In May 2022, GIA India, a jewelry brand, launched a new laboratory that works toward identifying pearls. The new unit is located in Mumbai

The global pearl jewelry market is segmented as follows:

By Type

  • Earring
  • Necklace
  • Rings
  • Others

By Pearl Type

  • Saltwater
  • Freshwater

By Material

  • Silver
  • Gold
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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