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The Size of the Global Jewellery Market

Globally, consumers spend around $348.5 billion per year on jewellery – accounting for about 17% of all retail apparel spending. That divides roughly into about $306.8 billion for lower-valued fashion jewellery and $41.6 billion for luxury jewellery featuring precious metals and gemstones.

To put this in context, if the jewellery market were a country it would be the 30th largest country by economic activity – roughly the size of the United Arab Emirates economy1.

For fashion jewellery, the m…

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