Millennials and Gen Z to drive jewellery demand by 2030 in the USA 

The U.S. Jewelry Market, valued at USD 78.40 billion in 2024, is projected to reach USD 97.62 billion by 2030, growing at a CAGR of 3.72%.

The ring segment leads, capturing over 43% of market share, while diamond shows the fastest growth. Unbranded and offline segments dominate, and the market sees significant interest from millennials and Gen Z. Key growth drivers include the rising popularity of wedding jewelry and lab-grown diamonds.

Key takeaways are:

By Product Type: In 2024, the ring segment held the largest market share of over 43%.

By Material Type: The diamond segment shows the highest growth, with a CAGR of 3.97% during the forecast period.

By Category: The unbranded segment accounted for the largest market share.

By Distribution Channel: The offline segment leads the U.S. jewelry market, with the largest share in 2024.

By Age Group: The 25-44 segment shows significant growth, with the fastest-growing CAGR during the forecast period.

By Gender: The female segment dominates and holds the largest share of the U.S. jewelry market.