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Yahoo
a day ago
- Business
- Yahoo
United States Jewelry Market Report 2025-2030: Millennials and Gen Z Drive Jewelry Demand with Eco-Conscious Choices
The U.S. Jewelry Market, valued at USD 78.40 billion in 2024, is projected to reach USD 97.62 billion by 2030, growing at a CAGR of 3.72%. The ring segment leads, capturing over 43% of market share, while diamond shows the fastest growth. Unbranded and offline segments dominate, and the market sees significant interest from millennials and Gen Z. Key growth drivers include the rising popularity of wedding jewelry and lab-grown diamonds. Major players like Tiffany & Co. and Pandora lead ongoing trends in personalization. Ethical sourcing and custom designs are reshaping consumer preferences. U.S. Jewelry Market Dublin, June 27, 2025 (GLOBE NEWSWIRE) -- The "U.S. Jewelry Market - Focused Insights 2025-2030" report has been added to U.S. Jewelry Market was valued at USD 78.40 billion in 2024, and is projected to reach USD 97.62 billion by 2030, rising at a CAGR of 3.72%. The U.S. jewelry market is set to grow due to growth in wedding and engagement jewelry and a rise in demand from millennial and Gen Z TAKEAWAYS By Product Type: In 2024, the ring segment held the largest market share of over 43%. By Material Type: The diamond segment shows the highest growth, with a CAGR of 3.97% during the forecast period. By Category: The unbranded segment accounted for the largest market share. By Distribution Channel: The offline segment leads the U.S. jewelry market, with the largest share in 2024. By Age Group: The 25-44 segment shows significant growth, with the fastest-growing CAGR during the forecast period. By Gender: The female segment dominates and holds the largest share of the U.S. jewelry market. RECENT VENDOR ACTIVITIES On May 19, 2024, luxury jeweler Harry Winston made headlines as a 29.29-carat diamond ring from the brand was listed for auction at Bonhams New York. Expected to fetch up to $1.9 billion at the June 6 auction, the D-color, VVS2-clarity, type IIa marquise-cut ring exemplifies Harry Winston's legacy in crafting rare, valuable, and historic gemstones. The event highlighted not only the brand's timeless appeal but also the vibrancy of the U.S. high jewelry auction scene, where collectors seek heritage and prestige. On May 3, 2025, Pandora launched a special-edition heart-shaped silver charm in collaboration with UNICEF, featuring a blue center stone representing the organization's signature color. This initiative reflects Pandora's continued commitment to social responsibility and has contributed to raising nearly $14 million over the past five years to support global youth education, particularly for girls, reinforcing the brand's impact-driven engagement in the U.S. and global jewelry markets. US JEWELRY MARKET TRENDS & DRIVERS Personalization and CustomizationPersonalization and customization are among the most prominent trends in the US jewelry market. This trend is particularly popular among younger consumers, including those in the 25-44 age group, who prioritize unique and meaningful purchases over mass-produced items. Brands are responding by offering a wide range of customization options, such as engraving names, initials, significant dates, or personalized messages on rings, necklaces, bracelets, and even watches. Custom-made designs, where customers can collaborate with jewelers to create one-of-a-kind pieces, have gained significant traction, particularly in the fine jewelry and bridal segments. Companies like Tiffany & Co. and Pandora have implemented successful personalization strategies, offering customizable charms, birthstone jewelry, and engraved wedding bands. Moreover, the ability to modify or combine existing collections (e.g., stacking rings, interchangeable pendants, or modular bracelets) allows customers to craft jewelry that resonates with their individual preferences. As this trend grows, technology has also played a role, with several brands using 3D design tools that enable customers to visualize and personalize jewelry designs Popularity of Lab-Grown DiamondsLab-grown diamonds, or synthetic diamonds, have seen a significant rise in popularity within the US jewelry market, driven by both ethical considerations and cost-effectiveness. These diamonds are chemically, physically, and optically identical to natural diamonds but are produced in a controlled environment in laboratories, making them more affordable and sustainable. For environmentally conscious consumers, lab-grown diamonds offer an attractive alternative to mined diamonds, which have been associated with negative environmental impacts and human rights concerns, such as exploitation in some mining regions. The growing awareness about these issues has led to a surge in demand for ethically sourced alternatives. Lab-grown diamonds are also gaining traction among younger consumers who prioritize sustainability, with many opting for them as part of a broader trend toward eco-conscious consumption. The affordability of lab-grown diamonds makes them appealing for engagement rings and fine jewelry without sacrificing quality or appearance. Brands such as Brilliant Earth, James Allen, and Clean Origin have capitalized on this trend, offering a wide range of lab-grown diamond jewelry. As technology advances, the cost of lab-grown diamonds continues to decrease, making them an increasingly viable option for mainstream in Demand from Millennial and Gen Z ConsumersMillennials and Gen Z have significantly increased their share of jewelry consumption, driven by shifts in lifestyle, technology, and evolving values. These generations are reshaping the way jewelry is purchased, worn, and perceived, leading to new market opportunities and growth across various jewelry segments. For example, Millennials and Gen Z are more likely to purchase jewelry online, as they value the convenience of e-commerce, access to a wider range of styles, and the ability to compare prices quickly. This has led to the rise of online-only jewelry brands and platforms that cater to their preferences. Moreover, these younger generations are not as loyal to traditional jewelry brands but are more inclined to explore independent designers and boutique labels. Jewelry that aligns with their values - such as sustainability, diversity, and inclusivity - has become increasingly appealing. For instance, companies like Brilliant Earth, which emphasize conflict-free diamonds and ethical sourcing, resonate strongly with Millennial and Gen Z buyers who are more socially conscious and environmentally aware. The demand for "affordable luxury" and fashion-forward jewelry is rising among these younger consumers. This shift is pushing traditional luxury brands to adapt their offerings to be more affordable and inclusive, thus expanding their appeal to a wider RESTRAINTS Fluctuating Raw Material PricesThe prices of raw materials used in jewelry production, such as gold, silver, diamonds, and platinum, are subject to volatility due to a variety of factors, including global supply-demand imbalances, geopolitical tensions, and natural disasters. Fluctuating prices can significantly affect the profitability of jewelry manufacturers, as these materials account for a large portion of production costs. Gold, for example, is a highly traded commodity, and its price is influenced by a range of external factors, including inflation rates, currency fluctuations, and market speculation. When gold prices rise sharply, it can lead to increased costs for consumers and create pricing pressure for jewelry brands. For manufacturers, high raw material costs may mean they need to raise prices or reduce profit margins to remain competitive, which can affect overall LANDSCAPEThe U.S. jewellery market report consists of exclusive data on 26 vendors. Tiffany & Co., Signet Jewelers, Harry Winston, CHANEL, and Cartier represent a diverse competitive landscape, each catering to distinct segments within the luxury and high-end jewelry industry. Tiffany & Co. is renowned for its iconic blue box and emphasis on accessible luxury, blending timeless designs with modern sensibilities. Signet Jewelers, the largest specialty jewelry retailer, dominates through a wide array of brands, including Kay Jewelers and Zales, offering both mass-market and higher-end Winston is synonymous with rare, high-quality diamonds, serving an ultra-luxury niche with its exclusive and bespoke offerings. CHANEL, with its fashion-forward approach, combines jewelry with its broader brand presence, focusing on a sophisticated and exclusive clientele. Cartier, a prestigious name in haute joaillerie, continues to lead with its heritage of craftsmanship, luxury, and iconic designs, appealing to the elite. While these brands have different positioning and target audiences, they all maintain their dominance in the US jewelry market through distinct value propositions rooted in quality, craftsmanship, and brand Vendors LVMH Signet Jewelers Harry Winston Richemont Pandora Other Prominent Vendors VRAI Aether Diamonds Brilliant Earth HStern Swarovski Chopard The Clear Cut Graff Boucheron Gorjana & Griffin Mikimoto CHANEL Alex and Ani Charles & Colvard Camille Jewelry Mejuri Astrid & Miyu David Yurman Le Vian TACORI Simon G. Jewelry Key Attributes: Report Attribute Details No. of Pages 99 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $78.4 Billion Forecasted Market Value (USD) by 2030 $97.62 Billion Compound Annual Growth Rate 3.7% Regions Covered United States SEGMENTATION & FORECASTS By Product Type Rings Necklaces, Pendants, Chains Earrings Bracelets Others By Material Type Diamond Gold Platinum Others By Category Unbranded Branded By Distribution Channel Offline Online By Age Group Below 25 25-44 45 & Above By Gender Female Male For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment U.S. Jewelry Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
NBC News
a day ago
- NBC News
Colorado funeral home owner accused of stashing nearly 190 bodies to be sentenced for fraud
DENVER — A Colorado funeral home owner accused of stashing nearly 190 dead bodies in a decrepit building and sending grieving families fake ashes is set to be sentenced Friday in federal court for cheating customers and defrauding the government out of nearly $900,000 in COVID-19 aid. Jon Hallford, owner of Return to Nature Funeral Home, pleaded guilty to conspiracy to commit wire fraud last year and faces a maximum of 20 years in prison. Federal prosecutors are seeking a 15-year sentence. He's pleaded guilty in a separate state case to 191 counts of corpse abuse. Hallford and co-owner Carie Hallford were accused of storing the bodies between 2019 and 2023 and sending families fake ashes. Investigators described finding the bodies in 2023 stacked atop each other throughout a squat, bug-infested building in Penrose, a small town about a two-hour drive south of Denver. The morbid discovery revealed to many families that their loved ones weren't cremated and that the ashes they had spread or cherished were fake. In two cases, the wrong body was buried, according to court documents. Many families said it undid their grieving processes. Some relatives had nightmares, others have struggled with guilt, and at least one wondered about their loved one's soul. Federal prosecutors accused both Hallfords of pandemic aid fraud, siphoning the aid and spending it and customer's payments on a GMC Yukon and Infiniti worth over $120,000 combined, along with $31,000 in cryptocurrency, luxury items from stores like Gucci and Tiffany & Co., and even laser body sculpting. Carie Hallford is scheduled to go to trial in the federal case in September, the same month as her next hearing in the state case in which she's also charged with 191 counts of corpse abuse. In a court filing requesting a 10-year sentence, Jon Hallford's attorneys said that "Mr. Hallford does not disagree that his conduct was abhorrent, indecent, and caused grave harm to many." His sentencing in the state case is scheduled in August.
a day ago
Colorado funeral home owner accused of stashing bodies to be sentenced for fraud
DENVER -- A Colorado funeral home owner accused of stashing nearly 190 dead bodies in a decrepit building and sending grieving families fake ashes is set to be sentenced Friday in federal court for cheating customers and defrauding the government out of nearly $900,000 in COVID-19 aid. Jon Hallford, owner of Return to Nature Funeral Home, pleaded guilty to conspiracy to commit wire fraud last year and faces a maximum of 20 years in prison. Federal prosecutors are seeking a 15-year sentence. He's pleaded guilty in a separate state case to 191 counts of corpse abuse. Hallford and co-owner Carie Hallford were accused of storing the bodies between 2019 and 2023 and sending families fake ashes. Investigators described finding the bodies in 2023 stacked atop each other throughout a squat, bug-infested building in Penrose, a small town about a two-hour drive south of Denver. The morbid discovery revealed to many families that their loved ones weren't cremated and that the ashes they had spread or cherished were fake. In two cases, the wrong body was buried, according to court documents. Many families said it undid their grieving processes. Some relatives had nightmares, others have struggled with guilt, and at least one wondered about their loved one's soul. Federal prosecutors accused both Hallfords of pandemic aid fraud, siphoning the aid and spending it and customer's payments on a GMC Yukon and Infiniti worth over $120,000 combined, along with $31,000 in cryptocurrency, luxury items from stores like Gucci and Tiffany & Co., and even laser body sculpting. Carie Hallford is scheduled to go to trial in the federal case in September, the same month as her next hearing in the state case in which she's also charged with 191 counts of corpse abuse. In a court filing requesting a 10-year sentence, Jon Hallford's attorneys said that 'Mr. Hallford does not disagree that his conduct was abhorrent, indecent, and caused grave harm to many.' His sentencing in the state case is scheduled in August.
Time of India
3 days ago
- Time of India
Heist with a sleight: Con man swipes $260K in diamonds; pleads guilty in Tiffany-Cartier theft case
After years of international crime, a 50-year-old Queens jewel thief has entered a guilty plea to stealing over $260,000 worth of diamond rings from Tiffany & Co. and Cartier, employing deception, sleight of hand, and fake jewelry. Yaorong Wan acknowledged stealing expensive goods from the upscale Fifth Avenue shops of the luxury merchants in March of last year during his appearance before the Manhattan Supreme Court on Monday. At Tiffany's flagship shop, Wan utilized distraction methods and a phony ring to switch out a $225,000 diamond ring. According to the New York Post, Wan visited the Tiffany store last year and asked about many pieces of jewelry, according to the prosecution. The DA claims that he left without buying anything after exchanging the real platinum-mounted ring for a cubic zirconia imitation. A little more than a week later, he hit Cartier once more while distracting workers and pocketing a $24,000 ring. Wan looked at two watches and two engagement rings at the Cartier store in Hudson Yards, but he pocketed one of the rings while the salesperson was preoccupied. According to authorities, Wan's methods—rapid, deft hand movements, deception, and the calculated use of imitation jewelry—are typical of the upscale thefts that brought him notorious fame throughout the world. Wan has a transcontinental criminal past. He has been connected to similar instances in New Jersey, California, Florida, and South Korea. Previously, Interpol wanted him in connection with a $330,000 diamond heist in South Korea. According to law enforcement officials, he committed robberies with the dexterity of a magician, targeting both smaller independent jewelers and international luxury names. Using a sleight-of-hand maneuver, Wan allegedly stole a Chopard watch worth over $17,000 from London Jewelers in the Manhasset neighborhood of Nassau County in April of last year. In 2018, Wan is also accused of stealing jewels valued at $332,000 in Seoul, the capital of South Korea. A fter a joint NYPD, Nassau County Police, and US Marshals investigation, Wan was taken into custody at his Flushing, Queens, residence in May of last year. Officers found other stolen items during the arrest, including the $17,000 Chopard watch that had been reported missing from the jewelry store on Long Island. Wan entered a guilty plea to second-degree grand larceny and was detained without bail because of pending warrants in other jurisdictions. He could spend three to nine years in New York State jail when he is sentenced on July 14, 2025. In a statement announcing the plea, Manhattan District Attorney Alvin Bragg said, "This defendant stole hundreds of thousands of dollars' worth of high-end jewelry using deceptive sleight-of-hand techniques." "We've stopped his worldwide theft operation because law enforcement agencies worked together."
Time of India
20-06-2025
- Time of India
Diamond heist takes a wild turn as suspect swallows $700K worth of gems in bizarre attempt to evade arrest
Jaythan Gilder, a 32-year-old man, stole $770,000 worth of diamond earrings from a Tiffany & Co. store in Orlando. To evade capture, he swallowed the gems, leading to a two-week wait for their retrieval from his digestive system. Gilder, a repeat offender, faces robbery and grand theft charges in Florida and is wanted in Colorado for a similar 2022 incident. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Gilder has done this before Current situation FAQs A man named Jaythan Gilder, 32, stole diamond earrings worth $770,000 from a Tiffany & Co. store and then tried to escape by swallowing the gems before police could arrest him. He stole the diamond earrings from a store in The Mall at Millenia in Orlando. Gilder pretended to be a representative for an NBA player to gain access to the diamonds, as per being shown the jewelry in a private room, he grabbed two sets of earrings worth $609,500 plus $160,000 and ran away. Hours later, Florida Highway Patrol pulled over Gilder on Interstate 10 near Chipley in a rented Mitsubishi Outlander, as stated in the report by The Smoking arresting him, officers saw Gilder moving something in his mouth and refusing to spit it out. Cops warned him he'd get tased if he didn't open his mouth. He said through clenched teeth, 'I don't have to.' At first, police thought he was swallowing drugs. He claimed the white stuff on his lip was Abreva. A test showed no drugs, according to the his car, cops only found price tags and earring cards from Tiffany's, no diamonds. Cops guessed he had actually swallowed the diamonds and sent him to the hospital. Gilder refused an X-ray and didn't want treatment, as per the report by The Smoking jail, a body scan showed foreign objects in his stomach. He asked, 'Am I going to be charged with what's in my stomach?' He refused laxatives and told jail staff he was Muslim observing Ramadan, so he only ate after sundown. Police waited 2 weeks for him to pass the March 10, he passed two earrings, but they weren't the Tiffany ones, police are still checking where those came from. Later that same day, he passed three Tiffany earrings, and the last one came out on March 12. Tiffany's Master Jeweler cleaned and confirmed the diamonds before giving them back to the store's security team, according to the report by The Smoking 2022, Gilder swallowed earrings again after robbing a jewelry store in Colorado Springs. That time, the store owner shot him in the back during the the hospital, while under guard, he swallowed the earrings so police couldn't take them. Cops searched his poop but never found them, and scans showed nothing either, as per the report The Smoking is now locked up without bail in Florida, facing robbery and grand theft charges. He is also wanted in Colorado for felony charges from the 2022 robbery. His lawyer tried to get him temporary release to attend his mom's funeral, but a Florida judge said lawyer said he has PTSD and depression and needed to grieve. Prosecutors refused, calling him a habitual offender and an escape risk. Back in 2022, he had slipped handcuffs in a hospital and tried to escape through the ceiling, causing damage. His lawyer also claimed he had a 'limited criminal history,' but cops say his record is 20 years long, covering many states, as per the report by The Smoking Gilder, a convicted jewel thief, swallowed the diamonds to hide them from stolen Tiffany & Co. diamonds were worth about $770,000.
