Latin American Jewelry Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Latin American Jewelry Market Share & Size and it is Segmented by Category (Real Jewelry and Costume Jewelry); by Type (Necklaces, Rings, Earrings, Charms & Bracelets, and Others); by Distribution Channel (Offline Retail Stores and Online Retail Stores); and by Geography (Mexico, Brazil, Colombia, and Rest of Latin America). The report offers market size and forecasts in value (USD million) for all the above segments.

Latin American Jewelry Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Latin American Jewelry Market Size

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Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 2.79 %
Market Concentration Low

Major Players

Latin America Jewelry Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Latin America Jewelry Market with other markets in Consumer Goods and Services Industry

Apparel, Footwear & Accessories

Luxury Goods & Services

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Latin American Jewelry Market Analysis

The Latin America Jewelry Market is expected to register a CAGR of 2.79% during the forecast period.

The Latin American jewelry market faced a decline in sales due to the influence of the COVID-19 pandemic. Government regulations, lockdowns, and shutdowns affected the sales, coupled with the decrease in demand for jewelry by customers. This was because people were restricted from going out, and the number of social gatherings and parties also decreased. But during the second quarter of the pandemic, people acknowledged the purchase of jewelry from online retail stores, increasing the demand for jewelry in Latin America further.

Jewelry sales in Latin America are mostly driven by fine jewelry, wherein Mexico and Brazil form the key markets for costume jewelry. The customers in the market prefer different varieties of fashion jewelry. On the other hand, the demand for precious stones like diamonds and gold is rising, creating an upsurge in the market demand. Moreover, the market studied is highly influenced by customers' changing lifestyles, who look for constant evolution in different designs and styles.

  • Jewelry sales via offline stores hold a prominent share among the consumers, owing to the exclusive collections at these stores. However, in recent times, online retail stores are gaining traction, owing to the convenience and safety associated with shopping for jewelry online.

Latin American Jewelry Industry Overview

The Latin American jewelry market is highly competitive with many global and regional players. The market is fragmented, with players like Jóias Vivara, Pandora SA, LVMH, Manoel Bernardes SA, and H Stern Jewelers Inc., among others. The companies focus on creating new product innovations to attract more customers. The players in the market have a strong distribution channel, which helps them to reach a wide number of customers regionally. The global players focus on mergers and acquisitions to expand their regional presence. Product innovation is one of the key strategies companies adopt, which help them understand changing customer lifestyle and cater to their demand.

Latin American Jewelry Market Leaders

  1. Jóias Vivara

  2. Pandora SA

  3. LVMH

  4. Manoel Bernardes SA

  5. H Stern Jewelers Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Latin America Jewelry Market_Market Concentration.png
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Latin American Jewelry Market News

In 2022, Perfect Corp launched its new virtual try-on for jewelry such as rings and bracelets. This feature helped the customers to get along with the online shopping journey. This feature was made available in Latin America.

In 2021, JTV launched its new Artisan Collection of Brazil, encompassing the features of eclectic jewelry influenced by Brazil. This collection was made available for purchase through its retail stores and e-commerce platform.

  • In 2021, LVMH completed its acquisition of Tiffany & Co., the global luxury jeweler. This acquisition led to the product extension of LVMH, increasing its customer reach in different geographies. LVMH and Tiffany & Co. have a wide presence in the Latin American market.

Latin American Jewelry Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Category
    • 5.1.1 Real Jewelry
    • 5.1.2 Costume Jewelry
  • 5.2 By Type
    • 5.2.1 Necklaces
    • 5.2.2 Rings
    • 5.2.3 Earrings
    • 5.2.4 Charms & Bracelets
    • 5.2.5 Others
  • 5.3 By Distribution Channel
    • 5.3.1 Offline Retail Stores
    • 5.3.2 Online Retail Stores
  • 5.4 Geography
    • 5.4.1 Brazil
    • 5.4.2 Mexico
    • 5.4.3 Colombia
    • 5.4.4 Rest of Latin America

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Share Analysis
  • 6.2 Most Active Companies
  • 6.3 Strategies Adapted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Joias Vivara
    • 6.4.2 H Stern Jewelers Inc.
    • 6.4.3 Pandora AS
    • 6.4.4 Manoel Bernardes SA
    • 6.4.5 LVMH
    • 6.4.6 Compagnie Financiere Richemont SA
    • 6.4.7 Daniel Espinosa Jewelry
    • 6.4.8 Tous
    • 6.4.9 Daniela Salcedo
    • 6.4.10 Haramara Jewelry
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. IMPACT OF COVID-19 ON THE MARKET

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Latin American Jewelry Industry Segmentation

Jewelry refers to the personal ornaments of men and women, typically used to accessorize oneself. The Latin American jewelry market is segmented by category, type, distribution channel, and geography. Based on category, the market is segmented as real jewelry and costume jewelry. By type, the segmentation is done as necklaces, rings, earrings, charms & bracelets, and others. On the basis of distribution channels, the market is divided into offline retail and online retail stores. Further, the market is segmented by regions, such as Mexico, Brazil, Colombia, and the Rest of Latin America. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

By Category Real Jewelry
Costume Jewelry
By Type Necklaces
Rings
Earrings
Charms & Bracelets
Others
By Distribution Channel Offline Retail Stores
Online Retail Stores
Geography Brazil
Mexico
Colombia
Rest of Latin America
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Latin American Jewelry Market Research FAQs

What is the current Latin America Jewelry Market size?

The Latin America Jewelry Market is projected to register a CAGR of 2.79% during the forecast period (2025-2030)

Who are the key players in Latin America Jewelry Market?

Jóias Vivara, Pandora SA, LVMH, Manoel Bernardes SA and H Stern Jewelers Inc. are the major companies operating in the Latin America Jewelry Market.

What years does this Latin America Jewelry Market cover?

The report covers the Latin America Jewelry Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Latin America Jewelry Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Latin American Jewelry Industry Report

Statistics for the 2025 Latin America Jewelry market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Jewelry analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.