Market Insights Consumer Luxury Goods Luxury Watches & Jewelry

Luxury Jewelry - South Korea

South Korea

In South Korea, the Luxury Jewelry market recorded a revenue of US$0.40bn in 2024.
It is projected to experience an annual growth rate of 2.99% (CAGR 2024-2028).
Comparing globally, the highest revenue is generated in China, reaching US$14,130m in 2024.
Looking at the population figures, in South Korea generates per person revenues of US$7.70 in 2024.
This data highlights the significance of the Luxury Jewelry market in South Korea and its growth potential in the coming years.
South Korea's luxury jewelry market is thriving, driven by a strong demand for high-quality, unique pieces that reflect the country's rich cultural heritage.

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

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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.