International News
Jewellery sector’s growth will be fueled by a younger, diverse clientele: McKinsey & Co luxury fashion report
Jewellery sales are expected to regain momentum with 3% to 5% projected growth. An increasing number of consumers will transition from non-branded to branded jewellery.
A 2025 luxury fashion report by McKinsey & Co forecasts jewellery and leather goods to be the fastest-growing categories of the luxury goods industry through 2027. The jewellery sector’s growth will be fuelled by a younger and more diverse clientele.
The report notes that in the period 2019-2023, the jewellery category experienced a remarkable 8% CAGR (compound annual growth rate), globally. However, in 2024, growth slowed down between 2% to 4%. This year, jewellery sales are expected to regain momentum with 3% to 5% projected growth, and accelerate to 4% to 6% by 2027.
Jewellery sector’s growth in the next 3 years will be shaped by shifting customer profiles and buying behaviours. An increasing number of consumers will transition from non-branded to branded jewellery.
High jewellery sales are likely to increase in line with the growing number of ultra-high-net-worth individuals worldwide. Moreover, growing interest among younger buyers in genderless jewellery, along with luxury brands investing in technology and immersive experiences will further shape interest among digital natives and new consumers
However, the report cautions that an uncertainty in a clear segregation between lab-grown diamond and natural diamond markets could pose a challenge to this growth.
Key points:
- Jewellery to grow globally between 4%-6% through 2027: McKinsey & Co.
- High-jewellery demand to rise as the wealthy population grows worldwide.
- Global iconic jewellery brands continue to lead growth for luxury conglomerates
- Diamond-studded jewellery to see the biggest growth in India in 2025: Redseer
- India’s precious jewellery market to grow at a healthy 11-13% CAGR until 2028
- Organised jewellery sector in India to grow 20% year-on-year in FY25: Ind-Ra
International News
De Beers Returns To IDE After Nine Years
Part Of A Bigger Plan Launched In July To Boost Local Trade and Bring Back International Business
De Beers has come back to Israel to show off its unpolished diamonds for the first time in nine years. Local diamond traders in Ramat Gan were invited to view the stones in person from October 13 to 15 before placing their bids online.
Bringing De Beers back to the Israel Diamond Exchange (IDE) is part of a bigger plan launched in July to boost local trade and bring back international business.
Having a major player like De Beers return is a big vote of confidence in Israel’s diamond industry and its place on the global stage.
The biggest perk for local buyers? They get to check out the diamonds up close without having to hop on a plane. It isn’t clear yet how many people attended or if the move actually boosted sales.
This auction arm works differently from the main part of De Beers’ business. Most of its rough diamonds—around 90%—are sold through regular sales called “sights.” These happen ten times a year across Botswana, Namibia, and South Africa, where registered buyers inspect their set shipments before making a purchase.
De Beers Returns To IDE After Nine Years
The Government Reduces Duty Drawback Rate For Gold, Silver Jewellery Exports.
Global Gold Exports To Get Boost With New GIFT City Sourcing Rules
MCX Bullion Futures Rise On Positive Momentum In Global Precious Metal Markets.
Global Gold Exports To Get Boost With New GIFT City Sourcing Rules
The Government Reduces Duty Drawback Rate For Gold, Silver Jewellery Exports.
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National News53 minutes agoMCX Bullion Futures Rise On Positive Momentum In Global Precious Metal Markets.
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National News46 minutes agoGlobal Gold Exports To Get Boost With New GIFT City Sourcing Rules
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National News38 minutes agoThe Government Reduces Duty Drawback Rate For Gold, Silver Jewellery Exports.
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International News14 minutes agoDe Beers Returns To IDE After Nine Years
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