Changing styles & preferences in fashion and endorsements by celebrities is expected to drive market expansion in the near future at a CAGR of 7.80% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Costume Jewelry Market” that contains information from 2018 to 2032. The costume jewelry market is estimated to register a CAGR of 7.80% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global costume jewelry market — Compagnie Financière Richemont SA, Giorgio Armani S.p.A., Avon Products Inc., Yurman Design Inc., Randa Accessories, DCK Group, LVMH Group, Stuller Inc., Buckley London, and H.Stern Jewelers Inc.

Market Highlights

The global costume jewelry market is accounted to register a CAGR of 7.80% during the forecast period and is estimated to reach USD 161.4 billion by 2032.

The fashion-forward nature of the industry drives demand, as consumers seek trendy accessories to complement their outfits. The affordability of costume jewelry compared to fine jewelry makes it accessible to a wider demographic, contributing to increased sales. Additionally, the influence of social media and celebrity endorsements further boosts market demand by inspiring consumer preferences and driving purchasing decisions. Furthermore, the convenience and accessibility of online shopping platforms serve as another driver, facilitating easy browsing and purchase of costume jewelry, thus expanding the market reach.

Segment Analysis

The global costume jewelry market has been segmented based on product type, gender, and mode of sale.

On the basis of product type, the market is segmented into necklaces & chains, earrings, rings, cufflinks & studs, bracelets, and others. The earrings segment was attributed to holding the largest market share in 2022. Sales are predicted to be driven by the popularity of earrings as presents and the availability of a large selection of chic styles at reasonable price ranges.

Based on gender, the global costume jewelry market has been segmented into male, and female. The female segment was expected to hold the largest market share in 2022. Costume jewellery for formal events, weddings, parties, and other occasions, as well as a culture of giving to boost sales internationally.

Based on mode of sale, the global costume jewelry market has been segmented into retail sale, and online sale. The retail sale segment was expected to hold the largest market share in 2022. An increase in spending on technology such as artificial intelligence (AI) and data analytics to customise the consumer shopping experience as well as in-store activities, trunk exhibitions, and marketing campaigns to draw clients and boost costumE jewellery sales.

Regional Analysis

The global costume jewelry market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe costume jewelry market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The costume jewelry market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World costume jewelry market comprises of Middle East, Africa, and Latin America.

The largest market share for costume jewelry was maintained by the North American regional sector. Sales of costume jewelry are poised to increase in North America due to the region's growing preference for eco-friendly products, aligning with the sustainability trend. Moreover, the rise of experiential retail concepts, such as pop-up shops and immersive shopping experiences, enhances consumer engagement and drives costume jewelry sales. Additionally, the prevalence of social media influencers promoting affordable fashion accessories amplifies product visibility and stimulates consumer interest in the region.

Moreover, in Europe, the sales of costume jewelry are on the rise as consumers increasingly prioritize craftsmanship and quality, seeking artisanal pieces that showcase intricate designs and superior materials. Furthermore, the region's penchant for vintage and retro aesthetics fuels demand for costume jewelry with nostalgic charm, catering to discerning tastes. Additionally, the influence of cultural events and festivals across Europe fosters a culture of self-expression, driving the adoption of statement jewelry pieces for celebratory occasions and everyday wear.

Additionally, costume jewelry sales in the Asia Pacific region are set to soar due to the burgeoning demand for personalized accessories that reflect individual style preferences. Moreover, the region's fascination with symbolism and cultural motifs drives the popularity of costume jewelry adorned with auspicious symbols, catering to diverse cultural backgrounds. Additionally, the rise of experiential retail destinations, such as themed shopping malls and interactive stores, enhances the allure of costume jewelry as a fashion statement and experiential purchase.

Furthermore, costume jewelry sales are experiencing growth driven by the increasing adoption of online marketplaces and digital platforms, offering consumers a convenient avenue to explore and purchase trendy accessories. Moreover, the region's growing urbanization and expanding middle-class population create a burgeoning consumer base with disposable income, fueling demand for affordable yet stylish costume jewelry pieces. Additionally, the rise of destination shopping tourism in emerging markets further stimulates sales as travelers seek unique and culturally-inspired accessories to commemorate their journeys.

Key Findings of the Study

• The global costume jewelry market is expected to reach USD 82.2 billion by 2032, at a CAGR of 7.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to its burgeoning e-commerce landscape and the region's dynamic fashion industry, characterized by rapid shifts in trends and consumer preferences.


• Based on product type, the earrings segment was attributed to holding the largest market in 2022, with an approximate market share of 35–40%.


• Compagnie Financière Richemont SA, Giorgio Armani S.p.A., Avon Products Inc., Yurman Design Inc., Randa Accessories, DCK Group, LVMH Group, Stuller Inc., Buckley London, and H.Stern Jewelers Inc.