Australia Jewellery Market Size, Growth & Forecast (2025–2034)

The Australia jewellery market is an established and steadily growing sector, driven by a combination of cultural traditions, luxury consumption trends, and evolving fashion preferences. It caters to a broad spectrum of consumers, from high-end luxury buyers seeking designer and precious gemstone pieces to younger audiences embracing contemporary, minimalist styles. The market’s resilience is supported by its integration into both the fashion and investment segments, with jewellery often purchased as both an accessory and a store of value. E-commerce platforms, social media influence, and customisation services have become central to how brands engage with customers and boost sales.

Australia Jewellery Market Size

In 2024, the Australia jewellery market was valued at USD 3.34 billion. The demand is supported by strong consumer spending on weddings, anniversaries, and gifting occasions, along with a steady rise in international luxury brand presence. The market is projected to grow at a CAGR of 2.76% from 2025 to 2034, reaching nearly USD 4.39 billion by 2034. Both domestic manufacturers and global brands are tapping into this growth through diversified product offerings, personalised services, and expansion into online retail channels.

Australia Jewellery Market Trends

Key trends influencing the market include the rising popularity of ethically sourced and sustainably produced jewellery. Consumers are increasingly looking for traceability in the supply chain, including conflict-free diamonds and recycled precious metals. There is a growing shift towards lab-grown diamonds as an affordable and eco-friendly alternative. Bespoke and personalised jewellery is gaining traction, with customers seeking unique designs that reflect individual style. Digital marketing, influencer collaborations, and virtual try-on technologies are further enhancing customer engagement.

Australia Jewellery Market Growth

The market’s growth is underpinned by a combination of high disposable incomes, tourism spending, and the increasing appeal of jewellery as a fashion statement. Millennials and Gen Z consumers are emerging as significant buyers, drawn to brands that align with sustainability values and modern aesthetics. The growth of omnichannel retail strategies, where physical stores are complemented by strong online platforms, is helping brands reach a wider audience. Additionally, jewellery’s role in cultural and ceremonial events continues to secure consistent demand.

Australia Jewellery Market Segmentation

Breakup by Product

• Necklace

• Bracelet

• Earring

• Ring

• Others

Breakup by Material

• Gold

• Diamond

• Platinum

• Others

Breakup by End Use

• Women

• Men

• Children

Breakup by Distribution Channel

• Offline Retail Stores

• Online Retail Stores

Australia Jewellery Market Forecast

From 2025 to 2034, the market is expected to maintain a stable upward trajectory, supported by luxury brand expansion, continued consumer interest in sustainable practices, and product innovation. Demand for high-value pieces is projected to remain robust among affluent buyers, while fashion jewellery will expand its share among younger demographics. Advances in manufacturing technology, including 3D printing and CAD-based design, will enable greater product customisation, catering to evolving style preferences.

Competitive Analysis

The Australia jewellery market is competitive, featuring a blend of local artisans and major international luxury houses:

By Charlotte Pty Ltd. : Known for delicate, bohemian-inspired designs with a focus on spiritual and symbolic pieces.

Amber Sceats Pty Ltd. : Offers contemporary statement jewellery, often featuring bold designs and artistic influences.

Christie Nicolaides : Renowned for luxury statement pieces inspired by art, travel, and culture.

Bulgari Australia Pty Ltd. : A leading global luxury brand offering high-end fine jewellery and watches.

Gucci Australia Pty Ltd. : Combines iconic fashion branding with bold and modern jewellery designs.

Others : Includes independent jewellers, boutique designers, and mid-market brands catering to a wide range of consumers.