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Export News
24-03-2025
In 2023, global jewelry exports reached a total value of $126.1 billion.
The overall worth of internationally traded jewelry increased by 8% compared to 2019, when exports amounted to $116.8 billion.
On a year-over-year basis, jewelry exports grew by 1.3%, rising from $124.5 billion in 2022.
The top five jewelry-exporting nations in 2023 were mainland China, Switzerland, India, the United States, and Italy. Combined, these major suppliers accounted for 50.7% of all jewelry exports worldwide.
From a regional perspective, Asia led global jewelry exports in 2023, with total shipments valued at $71.6 billion, representing 56.7% of worldwide jewelry exports.
Following Asia, Europe contributed 31.8%, while North America accounted for 10.1%.
Smaller shares of exports came from:
Latin America (excluding Mexico but including the Caribbean) – 0.8%
Oceania (led by Australia and New Zealand) – 0.4%
Africa – 0.2%
For classification purposes, jewelry falls under Harmonized Tariff System (HTS) code 7113.
Leading Jewelry Exporters in 2023
The 15 largest jewelry-exporting countries based on total value in 2023 were:
1. Mainland China – $14.4 billion (11.4% of total jewelry 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 collectively accounted for 90.9% of all global jewelry exports in 2023.
Among the top exporters, the fastest-growing markets since 2022 were:
· Japan (+49.1%)
· Indonesia (+46.2%)
· United States (+24.7%)
· Hong Kong (+22.7%)
In contrast, jewelry exports saw the biggest declines in:
· United Arab Emirates (-65.9%)
· Mainland China (-8%)
· United Kingdom (-5.7%)
· Germany (-1.5%)
Top Jewelry Exporting Companies
The following companies are key players in the international jewelry trade:
1. ORBOL S.A. – 6.49%, $178.59 million
2. PT King Halim Jewelry – 5.4%, $148.67 million
3. ARIN S.A. – 4.74%, $130.56 million
4. PT Lotus Lingga Pratama – 2.77%, $76.36 million
5. Công Ty Trách Nhiệm Hữu Hạn Jewelry Khan – 2.28%, $62.71 million
6. Công Ty TNHH D.I. – 2.2%, $60.44 million
7. PT Gemopia Indonesia – 1.91%, $52.58 million
8. Oro İstanbul Altın ve Gümüş Sanayi Ticaret Limited Şirketi – 1.26%, $34.55 million
9. First Cash – 1.04%, $28.72 million
10. Công Ty TNHH Jewelpark Vina – 1.01%, $27.78 million
These firms play a significant role in the global jewelry supply chain, contributing to the international distribution of luxury and fashion jewelry products.
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