Thailand Poland Luxury Jewelry Market Report Size Share Growth Drivers Trends Opportunities & Forecast 2025–2030

Thailand Poland luxury jewelry market, worth USD 2.3 Bn, is growing with demand for personalized, sustainable jewelry amid e-commerce expansion and ethical trends.

Region:Asia

Author(s):Shubham

Product Code:KRAC5240

Pages:88

Published On:January 2026

About the Report

Base Year 2025

Thailand Poland Luxury Jewelry Market Overview

  • The Thailand Poland Luxury Jewelry Market is valued at USD 2.3 billion, based on a five-year historical analysis of Thailand’s luxury jewelry segment and Poland’s share within the wider European luxury jewelry market. This growth is primarily driven by increasing disposable incomes, a rising number of affluent consumers, strong tourism inflows in Thailand, and a growing preference for luxury goods among millennials and Gen Z in both countries. The market has seen a significant uptick in demand for high-end jewelry, particularly in urban areas where luxury shopping is a cultural norm, such as Bangkok, Phuket, and Warsaw, supported by premium malls, duty-free outlets, and international luxury brand boutiques.
  • Key players in this market include Bangkok and Warsaw, which dominate due to their status as major economic and cultural hubs and primary luxury retail destinations. Bangkok is renowned for its vibrant jewelry scene and gem trade, attracting both local and international buyers through high-end shopping centers and established jewelry districts, while Warsaw serves as a central point for luxury brands in Poland, benefiting from an expanding affluent population, increasing aspirational spending, and a strong modern retail infrastructure.
  • In 2023, the Thai government implemented regulations aimed at enhancing the jewelry and precious metals sector, including tax and procedural incentives for qualifying manufacturers and exporters under the Board of Investment (BOI) promotion scheme, as well as streamlined import duties for raw materials used in jewelry production. In parallel, compliance with the Gem and Jewelry Institute of Thailand (GIT) standards and hallmarking practices has been reinforced to support quality assurance and strengthen Thailand’s position as a global jewelry hub. These initiatives are designed to promote local craftsmanship, attract foreign investment, and facilitate higher-value exports, thereby boosting the overall market for luxury jewelry in Thailand.
Thailand Poland Luxury Jewelry Market Size

Thailand Poland Luxury Jewelry Market Segmentation

By Product:The product segmentation of the luxury jewelry market includes various categories such as rings, necklaces, earrings, bracelets, luxury watches, and others. Rings and necklaces are consistently among the leading product types in luxury jewelry markets due to their symbolic value, versatility, and central role in cultural traditions such as engagements, weddings, and milestone gifting in both Asian and European markets. The demand for luxury watches has also surged, supported by their positioning as status symbols, investment pieces, and collectible items, particularly among affluent male consumers and younger high-net-worth individuals. Overall, the product category is characterized by a diverse range of offerings, with brands increasingly focusing on personalized, limited-edition, and bespoke designs to cater to evolving consumer preferences in Thailand and Poland.

Thailand Poland Luxury Jewelry Market segmentation by Product.

By Material:The material segmentation of the luxury jewelry market includes gold, platinum, diamonds, gemstones, precious pearls, and others. Gold remains the most sought-after material, especially in Thailand, where gold jewelry is deeply embedded in cultural practices and viewed as both an adornment and a store of value, supporting steady demand across income segments. Diamonds are highly favored in engagement and bridal jewelry, as well as in premium collections from global brands targeting Polish and Thai urban consumers, while platinum continues to gain traction in high-end segments due to its durability, hypoallergenic properties, and association with exclusivity. Gemstones and pearls are increasingly used in contemporary and heritage-inspired designs, appealing to consumers seeking differentiated aesthetics, color, and storytelling, which is particularly relevant in Thailand’s gemstone hub positioning and in Poland’s emerging preference for distinctive, design-led luxury pieces.

Thailand Poland Luxury Jewelry Market segmentation by Material.

Thailand Poland Luxury Jewelry Market Competitive Landscape

The Thailand Poland Luxury Jewelry Market is characterized by a dynamic mix of regional and international players. Leading participants such as Swarovski, Chopard, Cartier, Van Cleef & Arpels, Bulgari, Harry Winston, Piaget, Graff, Mikimoto, David Yurman, Tiffany & Co., Buccellati, Damiani, Pomellato, Messika contribute to innovation, geographic expansion, and service delivery in this space, leveraging strong brand equity, heritage craftsmanship, and increasingly omnichannel strategies to engage affluent consumers in Bangkok, Warsaw, and other key cities.

Swarovski

1895

Wattens, Austria

Chopard

1860

Geneva, Switzerland

Cartier

1847

Paris, France

Van Cleef & Arpels

1906

Paris, France

Bulgari

1884

Rome, Italy

Company

Establishment Year

Headquarters

Group Size (Global conglomerate, Regional group, Local independent)

Revenue (Latest FY, US$ / Local currency)

Revenue CAGR (3–5 Years)

EBITDA Margin

Average Ticket Size per Transaction

Store Productivity (Sales per Store / m²)

Thailand Poland Luxury Jewelry Market Industry Analysis

Growth Drivers

  • Increasing Disposable Income:The average disposable income in Thailand is projected to reach approximately 1,200,000 THB (around $34,000) in future, reflecting a 20% increase from the previous period. This rise in disposable income enables consumers to allocate more funds towards luxury items, including jewelry. As more individuals enter the middle and upper classes, the demand for high-end jewelry is expected to surge, driving market growth significantly in the luxury segment.
  • Rising Demand for Personalized Jewelry:The personalized jewelry segment in Thailand is anticipated to grow by 25% in future, driven by consumer preferences for unique and customized pieces. This trend is supported by a growing number of local artisans and brands offering bespoke services. With an increasing number of consumers seeking to express their individuality through jewelry, this demand is expected to significantly enhance the luxury jewelry market's appeal and profitability.
  • Growth of E-commerce Platforms:E-commerce sales in Thailand are projected to reach 600 billion THB (approximately $17 billion) in future, with luxury jewelry accounting for a significant portion of this growth. The convenience of online shopping, coupled with improved logistics and payment systems, has made luxury jewelry more accessible to a broader audience. This shift towards digital platforms is expected to drive sales and expand market reach, particularly among younger consumers.

Market Challenges

  • Economic Fluctuations:Thailand's economy is projected to grow at a modest rate of 4% in future, influenced by global economic uncertainties and domestic challenges. Such fluctuations can impact consumer spending on luxury goods, including jewelry. Economic downturns may lead to reduced disposable income and a shift in consumer priorities, posing a significant challenge for luxury jewelry brands aiming to maintain sales and market share.
  • High Competition from Local Artisans:The luxury jewelry market in Thailand faces intense competition from local artisans who offer unique, handcrafted pieces at competitive prices. With over 35,000 registered artisans in the country, the market is saturated with options for consumers. This competition can dilute brand loyalty and pressure established luxury brands to innovate and differentiate their offerings to retain market share and attract discerning customers.

Thailand Poland Luxury Jewelry Market Future Outlook

The Thailand Poland luxury jewelry market is poised for dynamic growth, driven by increasing disposable incomes and a shift towards personalized and sustainable products. As e-commerce continues to expand, brands will need to enhance their online presence and digital marketing strategies to capture the attention of tech-savvy consumers. Additionally, collaborations with fashion designers and a focus on ethical sourcing will likely shape the future landscape, aligning with evolving consumer values and preferences in luxury purchases.

Market Opportunities

  • Expansion into Emerging Markets:With a growing middle class in Southeast Asia, luxury jewelry brands have a significant opportunity to expand into neighboring markets. Countries like Vietnam and Indonesia are experiencing rapid economic growth, with rising disposable incomes that can drive demand for luxury products, including jewelry, thus presenting a lucrative avenue for market expansion.
  • Sustainable and Ethical Jewelry Trends:The increasing consumer awareness regarding sustainability presents a unique opportunity for luxury jewelry brands to innovate. By adopting sustainable practices and sourcing ethically, brands can attract environmentally conscious consumers. This trend is expected to resonate particularly well with younger demographics, enhancing brand loyalty and market positioning in the luxury segment.

Scope of the Report

SegmentSub-Segments
By Product

Rings

Necklaces

Earrings

Bracelets

Luxury Watches

Others

By Material

Gold

Platinum

Diamonds

Gemstones

Precious Pearls

Others

By Customer Type

Women

Men

Unisex / Gender-neutral

Children

By Distribution Channel

Online (Brand E-commerce, Marketplaces)

Mono-brand Luxury Boutiques

Multi-brand Jewelry & Watch Retailers

Department Stores & Duty-free

Others

By Price Band

Accessible Luxury (Entry-level)

Core Luxury

High Luxury

Ultra-high / High Jewelry

By Occasion & Use Case

Bridal & Engagement

Gifting (Festive, Corporate, Personal)

Investment & Collection

Everyday / Self-purchase

Others

By Region

Thailand – Key Cities (Bangkok, Phuket, Chiang Mai, Others)

Rest of Thailand

Poland – Key Cities (Warsaw, Kraków, Others)

Rest of Poland

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Ministry of Commerce, Polish Investment and Trade Agency)

Luxury Jewelry Manufacturers and Producers

Distributors and Retailers in Luxury Goods

Trade Associations (e.g., Thai Gem and Jewelry Traders Association)

Financial Institutions and Banks

Luxury Brand Management Firms

Importers and Exporters of Precious Metals and Stones

Players Mentioned in the Report:

Swarovski

Chopard

Cartier

Van Cleef & Arpels

Bulgari

Harry Winston

Piaget

Graff

Mikimoto

David Yurman

Tiffany & Co.

Buccellati

Damiani

Pomellato

Messika

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. Thailand Poland Luxury Jewelry Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 Thailand Poland Luxury Jewelry Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. Thailand Poland Luxury Jewelry Market Analysis

3.1 Growth Drivers

3.1.1 Increasing disposable income
3.1.2 Rising demand for personalized jewelry
3.1.3 Growth of e-commerce platforms
3.1.4 Influence of social media on luxury purchases

3.2 Market Challenges

3.2.1 Economic fluctuations
3.2.2 High competition from local artisans
3.2.3 Regulatory hurdles
3.2.4 Changing consumer preferences

3.3 Market Opportunities

3.3.1 Expansion into emerging markets
3.3.2 Collaborations with fashion designers
3.3.3 Sustainable and ethical jewelry trends
3.3.4 Technological advancements in jewelry design

3.4 Market Trends

3.4.1 Customization and bespoke services
3.4.2 Use of alternative materials
3.4.3 Digital marketing strategies
3.4.4 Increased focus on sustainability

3.5 Government Regulation

3.5.1 Import tariffs on luxury goods
3.5.2 Consumer protection laws
3.5.3 Regulations on precious metal sourcing
3.5.4 Standards for gemstone certification

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. Thailand Poland Luxury Jewelry Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. Thailand Poland Luxury Jewelry Market Segmentation

8.1 By Product

8.1.1 Rings
8.1.2 Necklaces
8.1.3 Earrings
8.1.4 Bracelets
8.1.5 Luxury Watches
8.1.6 Others

8.2 By Material

8.2.1 Gold
8.2.2 Platinum
8.2.3 Diamonds
8.2.4 Gemstones
8.2.5 Precious Pearls
8.2.6 Others

8.3 By Customer Type

8.3.1 Women
8.3.2 Men
8.3.3 Unisex / Gender-neutral
8.3.4 Children

8.4 By Distribution Channel

8.4.1 Online (Brand E-commerce, Marketplaces)
8.4.2 Mono-brand Luxury Boutiques
8.4.3 Multi-brand Jewelry & Watch Retailers
8.4.4 Department Stores & Duty-free
8.4.5 Others

8.5 By Price Band

8.5.1 Accessible Luxury (Entry-level)
8.5.2 Core Luxury
8.5.3 High Luxury
8.5.4 Ultra-high / High Jewelry

8.6 By Occasion & Use Case

8.6.1 Bridal & Engagement
8.6.2 Gifting (Festive, Corporate, Personal)
8.6.3 Investment & Collection
8.6.4 Everyday / Self-purchase
8.6.5 Others

8.7 By Region

8.7.1 Thailand – Key Cities (Bangkok, Phuket, Chiang Mai, Others)
8.7.2 Rest of Thailand
8.7.3 Poland – Key Cities (Warsaw, Kraków, Others)
8.7.4 Rest of Poland

9. Thailand Poland Luxury Jewelry Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Group Size (Global conglomerate, Regional group, Local independent)
9.2.3 Revenue (Latest FY, US$ / Local currency)
9.2.4 Revenue CAGR (3–5 Years)
9.2.5 EBITDA Margin
9.2.6 Average Ticket Size per Transaction
9.2.7 Store Productivity (Sales per Store / m²)
9.2.8 E-commerce Share of Sales
9.2.9 Same-store Sales Growth
9.2.10 Customer Retention / Repeat Purchase Rate
9.2.11 Market Share in Thailand and Poland
9.2.12 Marketing Spend as % of Revenue
9.2.13 Product & Collection Breadth

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 Swarovski
9.5.2 Chopard
9.5.3 Cartier
9.5.4 Van Cleef & Arpels
9.5.5 Bulgari
9.5.6 Harry Winston
9.5.7 Piaget
9.5.8 Graff
9.5.9 Mikimoto
9.5.10 David Yurman
9.5.11 Tiffany & Co.
9.5.12 Buccellati
9.5.13 Damiani
9.5.14 Pomellato
9.5.15 Messika

10. Thailand Poland Luxury Jewelry Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Budget Allocation
10.1.2 Procurement Processes
10.1.3 Supplier Selection Criteria
10.1.4 Contract Management

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Investment Trends
10.2.2 Budget Priorities
10.2.3 Spending Patterns
10.2.4 Future Projections

10.3 Pain Point Analysis by End-User Category

10.3.1 Quality Concerns
10.3.2 Supply Chain Issues
10.3.3 Cost Management
10.3.4 Customer Service Challenges

10.4 User Readiness for Adoption

10.4.1 Awareness Levels
10.4.2 Training Needs
10.4.3 Technology Adoption Rates
10.4.4 Feedback Mechanisms

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Performance Metrics
10.5.2 User Satisfaction
10.5.3 Scalability Potential
10.5.4 Future Use Cases

11. Thailand Poland Luxury Jewelry Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Value Proposition Development

1.3 Revenue Streams

1.4 Cost Structure Analysis

1.5 Key Partnerships

1.6 Customer Segments

1.7 Channels


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs


3. Distribution Plan

3.1 Urban Retail vs Rural NGO Tie-ups


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands


5. Unmet Demand & Latent Needs

5.1 Category Gaps

5.2 Consumer Segments


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-sales Service


7. Value Proposition

7.1 Sustainability

7.2 Integrated Supply Chains


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding

8.3 Distribution Setup


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix
9.1.2 Pricing Band
9.1.3 Packaging

9.2 Export Entry Strategy

9.2.1 Target Countries
9.2.2 Compliance Roadmap

10. Entry Mode Assessment

10.1 JV

10.2 Greenfield

10.3 M&A

10.4 Distributor Model


11. Capital and Timeline Estimation

11.1 Capital Requirements

11.2 Timelines


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-term Sustainability


14. Potential Partner List

14.1 Distributors

14.2 JVs

14.3 Acquisition Targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Milestone Planning
15.2.2 Activity Tracking

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Market reports from industry associations and luxury jewelry trade organizations in Thailand and Poland
  • Analysis of import/export data from government trade statistics and customs databases
  • Review of consumer behavior studies and luxury market trends published by market research firms

Primary Research

  • Interviews with key stakeholders in the luxury jewelry sector, including retailers and manufacturers
  • Surveys targeting affluent consumers to understand purchasing preferences and trends
  • Focus groups with jewelry designers and artisans to gather insights on market demands and innovations

Validation & Triangulation

  • Cross-validation of findings through multiple data sources, including sales data and consumer feedback
  • Triangulation of insights from primary interviews with secondary research findings
  • Sanity checks conducted through expert panel reviews comprising industry veterans and market analysts

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of the luxury jewelry market size based on national GDP contributions from luxury goods
  • Segmentation of the market by product type, including fine jewelry, fashion jewelry, and bespoke pieces
  • Incorporation of demographic data to assess potential market growth among affluent consumers

Bottom-up Modeling

  • Collection of sales data from leading luxury jewelry retailers in both Thailand and Poland
  • Estimation of average transaction values and purchase frequencies among target consumer segments
  • Analysis of production costs and pricing strategies employed by local manufacturers

Forecasting & Scenario Analysis

  • Multi-factor regression analysis incorporating economic indicators, consumer confidence, and luxury spending trends
  • Scenario modeling based on potential shifts in consumer preferences and economic conditions
  • Development of baseline, optimistic, and pessimistic forecasts for market growth through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Luxury Jewelry Retailers in Thailand90Store Managers, Sales Directors
Luxury Jewelry Consumers in Poland120Affluent Individuals, Jewelry Enthusiasts
Manufacturers of Fine Jewelry70Production Managers, Business Owners
Jewelry Designers and Artisans60Creative Directors, Independent Designers
Luxury Market Analysts45Market Researchers, Industry Experts

Frequently Asked Questions

What is the current value of the Thailand Poland luxury jewelry market?

The Thailand Poland luxury jewelry market is valued at approximately USD 2.3 billion, driven by increasing disposable incomes, a growing affluent consumer base, and strong tourism inflows in Thailand, particularly in urban areas like Bangkok and Warsaw.

What factors are driving growth in the Thailand Poland luxury jewelry market?

Which cities are major hubs for luxury jewelry in Thailand and Poland?

What types of products dominate the luxury jewelry market?

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