Pearl Jewelry Market Set to Grow to $42 Billion by 2031

by Henry

The global pearl jewelry market, valued at $12.8 billion in 2021, is expected to reach $42 billion by 2031, growing at a compound annual growth rate (CAGR) of 13.2% from 2022 to 2031.

Pearl jewelry, which includes items such as necklaces, earrings, rings, and other accessories, is made by embedding pearls into pieces of jewelry, sometimes alongside other gemstones. While pearls are typically featured in necklaces, some designs incorporate metal components surrounded by pearls.

The market, however, faces challenges due to misconceptions surrounding cultured pearls. These pearls, produced by inserting a pearl grain into mollusks to mimic natural pearl formation, are often mistaken for imitation pearls—stones that resemble pearls but differ in composition. This confusion hampers consumer confidence and limits market growth.

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