Market Overview
The U.S. Costume Jewelry Market is anticipated to be
valued at USD 20.3 billion in
2024 and is further expected to reach
USD 36.2 billion by
2033, at a
CAGR of 6.6%.
Costume jewelry is an ornamental piece worn with clothing, usually made of low-quality materials instead of costly metals or stones. It is designed to look fancy like expensive jewelry, but it's not made of real gems or valuable metals like gold or silver. It includes several items like necklaces, bracelets, earrings, rings, & hair ornaments which are often made from base metals, such as brass, aluminum, or copper. Beads, rhinestones, plastic, glass, artificial gemstones, and base metals are frequently used to create this jewelry. This product is available across several fashion and accessory brands stores, department stores, & boutiques.
Key Takeaways
- At a CAGR of 6.6%, the U.S. Costume Jewelry Market is anticipated to be valued at USD 20.3 billion in 2024 and is further expected to reach USD 36.2 billion by 2033,
- Based on product type, the earrings and fingerings segment is expected to dominate the market with the largest revenue share of 33.2% in 2024.
- In terms of distribution channels, the multi-branded boutiques are anticipated to lead the market with the highest revenue share of 43.7% in 2024.
Use Cases
- Costume jewelry is used for formal events, celebrations, and weddings as it gives consumers the chance to look stylishly without paying the expensive price for fine jewelry.
- It enables the consumer to coordinate with their accessories and to wear jewelry with occasion-appropriate clothing.
- It is used in costume plays and theatrical productions as it allows enthusiasts and performers to recreate specific looks or characters accurately without investing in expensive jewelry pieces.
- Businesses often use costume jewelry as promotional items or giveaways at events, trade shows, or conferences as this helps to promote a company's brand.
Market Dynamic
The U.S. costume jewelry market is rapidly growing as they are less expensive than other fine jewelry and also due to the increasing cost of gold, diamonds, and other precious materials. Another factor that pushes the growth of this market is easy customization and cheaper materials which are affordable for the lower and middle-class consumer. Manufacturers include stylish colored stone jewelry and many types of costume jewelry at affordable prices, which drives the growth of the market. It also offers replicas of fine pieces of jewelry that require less maintenance, boosting the growth of the market. Moreover, the market is expected to develop throughout the forecasted period due to a rise in fashion sense, an increase in disposable income, and the adoption of the western culture. However, the increasing price of raw materials used for costume jewelry is hindering the growth of the market.
Research Scope and Analysis
By Product Type
The earrings and fingerings segment is expected to dominate the U.S. costume jewelry market with the largest revenue
share of 33.2% in 2024 as they include earrings and fingerings made of cheap material like gems, beads, and brass or nickel. These are popular fashion items for everyday wear as well as special occasions which come in different designs, sizes, and styles to cater to different consumer preferences.
The necklaces and pendants segment is predicted to grow with a high CAGR which includes a range of designs from simple chains to elaborate statement pieces. This segment is impacted by factors like changing fashion trends, cultural influences, and consumer preferences for certain themes. Further, brooches are decorative pins that could be worn on clothing, hats, or bags, driving the growth of this segment.
By Distribution Channel
The multi-branded boutiques as a distribution channel are predicted to dominate the U.S. costume jewelry market with the highest revenue
share of 43.7% in 2024 as they carry unique costume jewelry from many known brands and designers. They provide customers with a unique shopping experience centered around designer items, expert craftsmanship, and current fashion. Further, these boutiques provide personalized assistance and expert assistance to customers which is based on certain demographics or style preferences. Furthermore, the online retailing segment is expanding due to its ability to provide customers with convenience and an extensive choice of products. Moreover, customers can research and buy jewelry from the comfort of their homes with possibilities for quick shipment and easy returns due to e-commerce platforms and online marketplaces.
The U.S. Costume Jewelry Market Report is segmented based on the following:
By Product Type
- Earrings & finger rings
- Necklace & pendants
- Bracelets & bangles Brooch
- Anklet and Toe Rings
- Others
By Distribution Channel
- Multi brand Boutiques
- Online Retailing & Mono Brand stores
- Others
Competitive Landscape
Major players are competing for market share in the highly saturated U.S. costume jewelry market. These rivals engage in improving strategies like distribution networks, price tactics, product innovation, and attractive design. The expansion of the market is also impacted by shifting customer tastes, vogue trends, and technological advancement. Market players are working hard to serve a variety of consumer demographics and increase their visibility on the Internet and traditional platforms. Key players operating in this market are
Chanel S.A,
Guess Inc.,
Gianni Versace S.p.A,
Alex and
Ani,
LLC,
Pandora A/S,
LVMH Moët Hennessy Louis Vuitton SE. Furthermore, businesses often use partnerships, mergers, and acquisitions as tactics to strengthen their position in the constantly evolving and dynamic costume jewelry industry.
Some of the prominent players in the U.S. costume jewelry market are:
- Chanel S.A
- Guess Inc.
- Gianni Versace S.p.A
- Alex and Ani, LLC
- Pandora A/S
- LVMH Moët Hennessy Louis Vuitton SE,
- Hermes International SA
- Hennes & Mauritz Ab
- ZARA ESPANA SA
- Gucci
- Others
Recent Development
- In February 2024, Channel opened its first standalone store in the U.S. dedicated to jewelry and watches.
- In March 2023, Sotheby's announced its inaugural jewelry series, featuring the debut of designs by Brazilian-Lebanese designer Nadine Ghosn as the first guest artist.
- In December 2022, Melorra launched an innovative line called "The Avatar-Inspired Collection" aimed at celebrating contemporary styles and setting a new trend in the jewelry sector.
- In March 2022, Pandora acquired 37 franchise store locations in the US and Canada from Ben Bridge Jeweler, a high-end American watch and jewelry retailer.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 20.3 Bn |
| Forecast Value (2033) |
USD 36.2 Bn |
| CAGR (2023-2032) |
6.4% |
| Historical Data |
2018 – 2023 |
| Forecast Data |
2024 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Product Type (Earrings and finger rings, Necklaces
& pendants, Bracelets & bangles Brooch, Anklet, and
Toe Rings, and Others), By Distribution Channel
(Multi-brand Boutiques, Online Retailing, Mono
Brand stores, and Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Chanel S.A, Guess Inc., Gianni Versace S.p.A, Alex and
Ani, LLC, Pandora A/S, LVMH Moët Hennessy Louis
Vuitton SE, Hermes International SA, Hennes &
Mauritz Ab, ZARA ESPANA SA, and Gucci, and Other
Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The U.S. Costume Jewelry Market size is estimated to have a value of USD 20.3 billion in 2024 and is
expected to reach USD 36.2 billion by the end of 2033.
Some of the major key players in the U.S. Costume Jewelry Market are Chanel S.A, Guess Inc., Gianni
Versace S.p.A, Alex and Ani, LLC, Pandora A/S, LVMH Moët Hennessy Louis Vuitton SE and many others.
The market is growing at a CAGR of 6.6 percent over the forecasted period.
Contents
1.1.Objectives of the Study
1.3.Market Definition and Scope
2.U.S. Costume Jewelry Market Overview
2.1.Global U.S. Costume Jewelry Market Overview by Type
2.2.Global U.S. Costume Jewelry Market Overview by Application
3.U.S. Costume Jewelry Market Dynamics, Opportunity, Regulations, and Trends Analysis
3.1.1.U.S. Costume Jewelry Market Drivers
3.1.2.U.S. Costume Jewelry Market Opportunities
3.1.3.U.S. Costume Jewelry Market Restraints
3.1.4.U.S. Costume Jewelry Market Challenges
3.2.Emerging Trend/Technology
3.4.PORTER'S Five Forces Analysis
3.6.Opportunity Map Analysis
3.11.Supply/Value Chain Analysis
3.12.Covid-19 & Recession Impact Analysis
3.13.Product/Brand Comparison
4.Global U.S. Costume Jewelry Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Product Type, 2017-2032
4.1.Global U.S. Costume Jewelry Market Analysis by By Product Type: Introduction
4.2.Market Size and Forecast by Region
4.3.Earrings & finger rings
4.5.Bracelets & bangles Brooch
5.Global U.S. Costume Jewelry Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Distribution Channel, 2017-2032
5.1.Global U.S. Costume Jewelry Market Analysis by By Distribution Channel: Introduction
5.2.Market Size and Forecast by Region
5.3.Multi brand Boutiques
5.4.Online Retailing & Mono Brand stores
10.Global U.S. Costume Jewelry Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Region, 2017-2032
10.1.1.North America U.S. Costume Jewelry Market: Regional Analysis, 2017-2032
10.2.1.Europe U.S. Costume Jewelry Market: Regional Trend Analysis
10.3.1.Asia-Pacific U.S. Costume Jewelry Market: Regional Analysis, 2017-2032
10.3.1.7.Rest of Asia-Pacifc
10.4.1.Latin America U.S. Costume Jewelry Market: Regional Analysis, 2017-2032
10.4.1.5.Rest of Latin America
10.5.Middle East and Africa
10.5.1.Middle East and Africa U.S. Costume Jewelry Market: Regional Analysis, 2017-2032
11.Global U.S. Costume Jewelry Market Company Evaluation Matrix, Competitive Landscape, Market Share Analysis, and Company Profiles
11.1.Market Share Analysis
11.3.2.Financial Highlights
11.3.5.Key Strategies and Developments
11.4.2.Financial Highlights
11.4.5.Key Strategies and Developments
11.5.2.Financial Highlights
11.5.5.Key Strategies and Developments
11.6.Gianni Versace S.p.A
11.6.2.Financial Highlights
11.6.5.Key Strategies and Developments
11.7.2.Financial Highlights
11.7.5.Key Strategies and Developments
11.8.2.Financial Highlights
11.8.5.Key Strategies and Developments
11.9.LVMH Moët Hennessy Louis Vuitton SE,
11.9.2.Financial Highlights
11.9.5.Key Strategies and Developments
11.10.Hermes International SA
11.10.2.Financial Highlights
11.10.3.Product Portfolio
11.10.5.Key Strategies and Developments
11.11.Hennes & Mauritz Ab
11.11.2.Financial Highlights
11.11.3.Product Portfolio
11.11.5.Key Strategies and Developments
11.12.2.Financial Highlights
11.12.3.Product Portfolio
11.12.5.Key Strategies and Developments
11.13.2.Financial Highlights
11.13.3.Product Portfolio
11.13.5.Key Strategies and Developments
11.14.2.Financial Highlights
11.14.3.Product Portfolio
11.14.5.Key Strategies and Developments
12.Assumptions and Acronyms