Market Insights Consumer Luxury Goods Luxury Watches & Jewelry

Luxury Jewelry - Philippines

Philippines

In the Philippines, the Luxury Jewelry market recorded a revenue of US$29.98m in 2024.
It is projected to experience an annual growth rate of 2.79% from 2024 to 2028 (CAGR 2024-2028).
When compared globally, in China stands out as the top revenue generator in this segment, with a revenue of US$14,130m in 2024.
Considering the population size, the per person revenue in the Luxury Jewelry market in the Philippines amounts to US$0.25 in 2024.
The demand for luxury jewelry in the Philippines is on the rise, driven by the country's growing affluent population and increasing consumer interest in high-end and unique designs.

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

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Methodology

The Luxury Jewelry market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Jewelry industry.