U.S. Jewelry Market Forecast & Key HighlightsIn 2024, the U.S. jewelry market was valued at USD 78.40 billion. According to the forecasts, the market is expected to grow to USD 97.62 billion from 2025 to 2030, with a compound annual growth rate (CAGR) of 3.72%.Rings are the largest product segment, accounting for over 43% of total jewelry sales. Among materials, diamonds show the strongest growth, with an estimated CAGR of 3.97% through the forecast period. Unbranded jewelry makes up the biggest share of the market, and traditional offline retail remains the dominant distribution channel. The age group 25–44 is the fastest-growing demographic, and women continue to represent the largest portion of jewelry buyers in the U.S. Shifts in Consumer Behavior & Market DriversYounger consumers — particularly Millennials and Gen Z — are reshaping demand in the U.S. jewelry market. They increasingly prioritize ethical sourcing, sustainability, personalized styling, and customization over traditional mass-market luxury. This shift is fueling a rise in popularity for lab-grown diamonds. These offer a more affordable, eco-conscious alternative to mined diamonds, appealing to those who value transparency and ethical sourcing without sacrificing quality. Customization is also booming; younger buyers are drawn to engraved rings, birthstone pieces, modular or stackable jewelry, and bespoke designs created in collaboration with jewelers. As a result, many are turning away from traditional “heritage” luxury brands in favor of independent designers or boutique labels that reflect their values and offer more flexible, modern styles. Market ChallengesDespite broad growth, the industry faces some headwinds. Volatility in raw-material prices — particularly for gold, silver, and gemstones — remains a major concern, as fluctuations can raise costs for manufacturers and push up retail prices. Sustaining demand will likely depend on continued consumer interest in affordable luxury, sustainability, and ethical sourcing. Should those preferences shift, the growth projections may be impacted. Implications for Brands, Retailers & ConsumersJewelry makers and retailers may benefit from emphasizing customization, transparency, and ethical sourcing. Offering lab-grown diamonds, personalized pieces, and flexible design options could help capture the growing Millennial and Gen Z market.Traditional luxury players may need to adapt — by offering more accessible price ranges, customizable products, or sustainable lines — to stay relevant as younger consumers continue pushing the market in new directions.For consumers, the changing market means more choices: from eco-conscious lab-grown diamond rings to bespoke, personalized jewelry and independent designers, there’s a growing diversity of styles and value-driven options.  Source: www.globenewswire.com   (ICE HOUSTON)

Fonte notizia: https://www.globenewswire.com