Luxury jewelry sales mixed amid consumer pullback

Against a background of tariff uncertainty and global macroeconomic tensions, many luxury consumers are pulling back on purchases. One bright spot amid the pressure in the global luxury goods market was the overall jewelry category, which includes both high jewelry and fine jewelry. The category demonstrated notable resilience in 2024, according to Bain & Company. Last year, the sector grew between 0% and 2% to reach an estimated value of 31 billion euros, or about $36 billion.