Luxury Jewelry Market Is Likely To Up Demand At A USD 70.2 Billion By 2028
San Francisco, 29 Dec 2021: The Report Luxury Jewelry Market Size, Share & Trends Analysis Report By Application, By Raw Material (Diamond, Gold, Platinum), By Product (Necklace, Ring, Earring), By Distribution Channel, By Region, And Segment Forecasts, 2021 - 2028 The global luxury jewelry market size is anticipated to reach USD 70.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.2% from 2021 to 2028. The growth of the market is predicted to be driven by increased demand for high-end fashion items and rising disposable income levels. Product demand is also projected to be boosted by rising customer desire for branded jewelry. Consumers are willing to spend more money on branded and high-end jewelry to express their personal style. The growing demand for bespoke projects reflects the luxury industry's need for personalization, but it's also directly tied to upcycling. Louis Vuitton used to buy cu