Luxury Watches & Jewelry - China

China

In 2024, the revenue in the Luxury Watches & Jewelry market in China is projected to reach a staggering amount of €23.09bn.
This market is anticipated to experience a steady annual growth rate of 2.64% (CAGR 2024-2028).
It is worth noting that in China leads the global market in terms of revenue, with a predicted figure of €23.09bn in 2024.
When considering the population, the per capita revenue generated in China is estimated to be €16.11 in 2024.
China's growing middle class is fueling a surge in demand for luxury watches and jewelry, making it a lucrative market for luxury brands.

Key regions: United Kingdom, China, France, South Korea, Japan

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

Hard luxury is a mainstay of the personal luxury goods industry and still accounts for a high share of sales, yet it has been characterized by relatively low growth in recent years due to an economic slowdown and changing consumption habits, especially in the Greater China region, which used to fuel global sales at the beginning of the decade. The biggest players in this field are LVMH, Richemont, Kering, Swatch, Chow Tai Fook, Lao Feng Xiang, and Rolex. A detailed list of all assessed companies and their brands can be found in the methodology.

Methodology

The Luxury Watches & Jewelry market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Watches & Jewelry industry.