Luxury Watches & Jewelry Report 2020

Statista Consumer Market Outlook - Segment Report

Luxury Watches & Jewelry Report 2020 The segment Luxury Watches & Jewelry accounted for 20% of the Luxury Goods revenue in 2019. This report from the series of segment reports gives an overview of the Luxury Watches & Jewelry market from an international perspective.

What's included?
  • All relevant sales figures and growth rates, including forecasts until 2025
  • Regional comparison with focus on Europe, United States, China and South America
  • COVID-19 impact


Watches and Jewelry are usually referred to as “hard luxury” to differentiate them from fashion and accessories, which are made from comparatively “soft” materials. 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 had fueled global sales in the beginning of the decade. The biggest players in this field are LVMH, Richemont, Kering, Swatch, Chow Tai Fook and Rolex.

  • Language: English
  • Released: November 2020
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