Luxury Jewelry - Luxembourg

• in Luxembourg, a country known for its opulence and grandeur, is no stranger to Worldwide of luxury jewelry.
• In 2024, the revenue in the Luxury Jewelry market in this affluent nation amounted to an impressive US$13.56m.
• This figure is a testament to the country's affinity for exquisite craftsmanship and timeless elegance.
• Looking ahead, the market is projected to experience steady growth, with an annual increase of 3.45% from 2024 to 2028.
• This compound annual growth rate (CAGR) reflects the sustained demand for luxury jewelry in Luxembourg, as consumers continue to embrace the allure of these exquisite pieces.
• While in Luxembourg showcases its appreciation for luxury jewelry, it is important to note that in global comparison, in China takes the lead in generating the highest revenue in this segment.
• In 2024, in China's revenue in luxury jewelry reached a staggering US$14,130m, surpassing other countries in the global market.
• This highlights in China's position as a major player in the luxury jewelry industry.
• To gain a deeper understanding of the significance of luxury jewelry in Luxembourg, it is essential to consider the per person revenues.
• In 2024, the revenue generated per person in Luxembourg amounted to US$20.50.
• This figure reflects the affluence and purchasing power of the Luxembourgers, who appreciate the exquisite craftsmanship and timeless beauty that luxury jewelry offers.
• Luxembourg's thriving luxury jewelry market is a testament to the country's appreciation for fine craftsmanship and timeless elegance.
• With its high per person revenues and consistent growth, in Luxembourg continues to establish itself as a prominent player in the global luxury jewelry industry.
• Luxembourg, known for its affluent population and strong appreciation for luxury, is seeing a surge in demand for high-end jewelry.

Key regions: India, Singapore, United Kingdom, Italy, China