In 2023, the total value of jewelry exports worldwide amounted to $126.1 billion. This represents an 8% increase over the past five years, with the total value of jewelry exports in 2019 standing at $116.8 billion. On a year-over-year basis, jewelry exports saw a modest rise of 1.3%, compared to $124.5 billion in 2022.

The 5 leading jewelry-exporting nations in 2023 were mainland China, Switzerland, India, the United States, and Italy. Collectively, these countries were responsible for approximately 50.7% of global jewelry exports.

From a regional perspective, Asia led the way in jewelry exports, accounting for $71.6 billion, or 56.7% of the global total. Europe followed with 31.8%, while North American suppliers contributed 10.1%. Smaller portions of global jewelry shipments came from Latin America (0.8%), Oceania (0.4%), and Africa (0.2%).

For research purposes, the Harmonized Tariff System (HTS) code prefix for jewelry is 7113.

Top Jewelry Exporting Countries in 2023

Here are the top 15 countries by jewelry export value in 2023:

1. Mainland China: $14.4 billion (11.4% of total exports)

2. Switzerland: $13.9 billion (11%)

3. India: $12.7 billion (10.1%)

4. United States: $12.1 billion (9.6%)

5. Italy: $11 billion (8.7%)

6. Hong Kong: $10.9 billion (8.6%)

7. Türkiye: $8.4 billion (6.6%)

8. France: $6.8 billion (5.4%)

9. Indonesia: $5.5 billion (4.4%)

10. United Arab Emirates: $4.5 billion (3.6%)

11. Thailand: $4.4 billion (3.5%)

12. Singapore: $3.6 billion (2.8%)

13. United Kingdom: $3.2 billion (2.5%)

14. Germany: $1.8 billion (1.4%)

15. Japan: $1.6 billion (1.3%)

These 15 countries accounted for 90.9% of the total global jewelry exports in 2023.

Among the fastest-growing jewelry exporters, Japan saw the most significant increase with a 49.1% rise in exports compared to 2022. Indonesia followed with a 46.2% increase, while the United States and Hong Kong experienced growth of 24.7% and 22.7%, respectively. However, some countries faced declines in their jewelry export sales, most notably the United Arab Emirates, which saw a sharp drop of -65.9%. Mainland China (-8%), the United Kingdom (-5.7%), and Germany (-1.5%) also reported decreases in their jewelry exports.

Leading Jewelry Exporting Companies

Based on data from Tendata, the following companies were key players in the global jewelry market in 2023:

1. ORO İSTANBUL ALTIN VE GÜMÜŞ SANAYİ TİCARET LİMİTED ŞİRKETİ: 3.43%, $132.67 million

2. PT KING HALIM JEWELRY: 3.15%, $121.85 million

3. LC WAİKİKİ MAĞAZACILIK HİZMETLERİ TİCARET ANONİM ŞİRKETİ: 1.74%, $67.24 million

4. LC WAİKİKİ DIŞ TİCARET ANONİM ŞİRKETİ: 1.57%, $60.49 million

5. CÔNG TY CỔ PHẦN TẬP ĐOÀN VÀNG BẠC ĐÁ QUÝ DOJI: 1.5%, $57.99 million

6. PT GEMOPIA INDONESIA: 1.45%, $55.85 million

7. CÔNG TY TRÁCH NHIỆM HỮU HẠN JEWELRY KHAN: 1.44%, $55.68 million

8. CÔNG TY TNHH D I: 1.24%, $47.93 million

9. MİRABİLİS GROUP DIŞ TİCARET ANONİM ŞİRKETİ: 1.09%, $42.01 million

10. PT LOTUS LINGGA PRATAMA: 1.05%, $40.73 million

This data highlights the top companies and countries shaping the global jewelry export market in 2023.

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