Luxury Watches & Jewelry - Sierra Leone

Sierra Leone

in Sierra Leone, a country in West Africa, is also a part of the Luxury Watches & Jewelry market.
In 2024, the revenue generated in this segment amounts to US$103.20k.
Looking ahead, the market is anticipated to experience an annual growth rate of -6.49% (CAGR 2024-2028).
When compared to other countries globally, it is noteworthy that in China generates the highest revenue in this segment, with a staggering US$25,250m in 2024.
To put this into perspective, in Sierra Leone, a country with its own unique market dynamics, the per person revenue generated in 2024 is US$0.01.
This figure provides insight into the economic impact of the Luxury Watches & Jewelry market on a per capita basis in Sierra Leone.
Sierra Leone's luxury watch and jewelry market is witnessing a surge in demand, driven by the country's growing affluent class and increasing interest in high-end accessories.

Key regions: United Kingdom, China, France, South Korea, Japan

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Analyst Opinion

Hard luxury is a mainstay of the personal luxury goods industry and still accounts for a high share of sales, yet it has been characterized by relatively low growth in recent years due to an economic slowdown and changing consumption habits, especially in the Greater China region, which used to fuel global sales at the beginning of the decade. The biggest players in this field are LVMH, Richemont, Kering, Swatch, Chow Tai Fook, Lao Feng Xiang, and Rolex. A detailed list of all assessed companies and their brands can be found in the methodology.

Methodology

The Luxury Watches & 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 Watches & Jewelry industry.