Jewellery in the UK is predicted to return to positive retail volume growth over the forecast period, while value sales (at constant 2024 prices) are set to weaken. This will largely be due to waning import costs, lower raw materials costs and overall, a shifting attitude towards discretionary spending within jewellery, as local consumers gradually return to the category as a means of indulgence or investment.
Since the introduction of the Kimberly Process Certification Scheme (KPCS) in 2003 around the trade and production of rough diamonds used for jewellery, the ethics of diamond sourcing have continued to be interrogated. The KPCS holds diamond manufacturers and jewellery brands to ethical and sourcing standards to ensure they are “conflict-free”.
As consumer preferences continue to shift and evolve over the forecast period, the trend of younger generations entering the category is expected to gain further momentum. The growing consumer base of Generation Z will be a key demographic to market to in a turbulent landscape, especially for fine jewellery.
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Understand the latest market trends and future growth opportunities for the Jewellery industry in United Kingdom with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Jewellery industry in United Kingdom, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Jewellery
Jewellery is a kind of personal adornment usually made with various precious and semi-precious materials such as gemstones, precious metals, beads, glass, and shells. Jewellery is segmented as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.
See all of our definitionsThis report originates from Passport, our Jewellery research and analysis database.
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