The luxury jewelry market in the UK and Poland is projected to reach a value of approximately USD 5.9 billion by 2034, up from USD 2.3 billion in 2024. This growth, at a compound annual growth rate (CAGR) of 9.9% from 2025 to 2034, highlights a rapidly expanding sector.
While representing a niche segment within the broader luxury goods market, the UK and Poland luxury jewelry market is driven by changing consumer preferences, rising disposable incomes, and a growing demand for personalized, high-quality craftsmanship. This market includes fine jewelry crafted from precious metals such as gold, platinum, and silver, often adorned with diamonds and gemstones. In the UK, luxury jewelry has long been a symbol of status and heritage, while in Poland, the segment is gaining popularity as a reflection of modern affluence and cultural expression.
India plays a major role in the global silver jewelry market, being the leading exporter with 335,747 shipments, according to Volza. The United States and Hong Kong follow as the second and third-largest exporters, with 13,290 and 6,081 shipments, respectively. Between March 2023 and February 2024, India exported 68,731 shipments of silver jewelry, underlining its crucial role in the global supply chain. India’s dominance in earring exports to over 210 countries, including the UK, reinforces its significant influence in supporting the UK’s luxury jewelry market.
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