Luxury Watches & Jewelry - Russia

  • Russia
  • In 2024, the revenue in the Luxury Watches & Jewelry market in Russia is projected to reach €139.00m.
  • Looking ahead, the market is anticipated to experience an annual growth rate of -0.51% (CAGR 2024-2028).
  • When compared to other countries worldwide, in China stands out as the top revenue generator in this segment, with a staggering €23,420m in 2024.
  • Taking into account Russia's population, the per person revenue is estimated to be €0.97 in 2024.
  • Despite economic challenges, the demand for luxury watches and jewelry in Russia remains strong, reflecting the country's affluent consumer base.

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.

Vue d’ensemble

  • Revenue
  • Analyst Opinion
  • Sales Channels
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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