The 10 Largest Jewelry Companies in the World as of 2026

Jewelry has captivated humanity for millennia, representing wealth and artistry. From royal crowns adorned with precious stones to the everyday adornments of individuals, jewelry plays a significant role in our lives.

Symbolism and sentimentality often accompany jewelry, as it is exchanged in moments of love and celebration—think of engagement rings and cherished gifts like bracelets and necklaces.

In today’s world, it’s rare to encounter someone without at least one piece of jewelry. Whether as fashion statements, heirlooms, or tokens of affection, these pieces are integral to personal expression.

The global jewelry market has experienced substantial growth, now valued at around $292 billion as of 2023, with expectations of continued expansion in the coming years.

While jewelry companies may not dominate the global economy, their profitability is undeniable. Below is a list of the ten largest jewelry companies worldwide, ranked by revenue in USD.

10 Largest Jewelry Companies in the World

1. LVMH. Paris, France

   2023 Annual Revenue: $87.38 billion
   Number of Employees: 150,000+

   LVMH, a leader in luxury goods, was formed in 1987 from the merger of Louis Vuitton and Moet Hennessy. This multinational conglomerate encompasses 75 iconic brands across diverse sectors, referred to as “Houses.”

   They emphasize high-quality production in their four key houses: Wine & Spirits, Fashion & Leather Goods, Perfume & Cosmetics, and Watches & Jewelry.

   As of 2023, they oversee seven jewelry brands, including Tiffany & Co., which they acquired in early 2021. Their jewelry portfolio generates significant global sales through over 450 stores.

   Despite experiencing challenges during the pandemic, LVMH has demonstrated resilience and is poised for further acquisitions and growth.

2. Rajesh Exports. Bangalore, India

   2023 Annual Revenue: $38.85 billion
   Number of Employees: 400+

   Starting as a modest shop in a garage in 1989, Rajesh Exports has evolved into a multibillion-dollar enterprise. Founded by Rajesh Mehta and his brother Prashant, the company excels in gold processing and jewelry manufacturing, processing 35% of the world’s gold.

   Ranked 462nd on the Fortune Global 500, Rajesh Exports owns one of the largest jewelry design databases and boasts advanced R&D facilities. They expanded globally with the acquisition of Swiss gold refinery Valcambi in 2015 for $400 million.

3. Chanel. London, United Kingdom

   2023 Annual Revenue: $15.3 billion
   Number of Employees: 20,000+

   Founded by Gabrielle “Coco” Chanel in 1909, Chanel epitomizes elegance and timeless design. The company launched its jewelry line in 1932 with the ‘Bijoux de Diamants’ collection, which continues to be celebrated today.

   Chanel was recognized as one of the fastest-growing luxury brands in 2019, boasting brand ambassadors among the world’s most renowned women and maintaining its status with innovative marketing strategies.

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4. Chow Tai Fook. Hong Kong

   2023 Annual Revenue: $12.64 billion
   Number of Employees: 32,000+

   Chow Tai Fook, founded in 1929, has gained global recognition for its jewelry, available at major retailers like Amazon and Macy’s. With over 2,600 stores in mainland China, they are renowned for their craftsmanship and 999.9 gold jewelry.

   The company was passed down through generations and is now led by the founder’s grandson, Henry Cheng, continuing a legacy of high standards in the jewelry industry.

5. Tiffany & Co. New York City, USA

   2023 Annual Revenue: $11.5 billion
   Number of Employees: 14,000+

   Acquired by LVMH, Tiffany & Co. remains a significant player in the jewelry industry, known for its iconic little blue box and cultural impact in films like “Breakfast at Tiffany’s.” Founded in 1837, Tiffany has over 300 stores globally.

   Renowned for its elegant jewelry, Tiffany has introduced new designs, including a fresh engagement ring in 2018, ensuring its relevance in a competitive market.

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6. Cartier. Paris, France

   2023 Annual Revenue: $6.2 billion
   Number of Employees: 6,700+

   Renowned for its exquisite craftsmanship, Cartier has been a symbol of luxury since its founding in 1847. Now a subsidiary of the Richemont Group, Cartier continues to attract a high-profile clientele and has over 300 stores across 125 countries.

   The flagship store in New York, a historical landmark, underwent renovations and remains a prominent retail destination.

7. Signet. Ohio, USA

   2023 Annual Revenue: $7.8 billion
   Number of Employees: 23,000

   Signet is the largest diamond jewelry retailer globally, operating over 3,300 locations, including recognizable names like Kay Jewelers and Zales. Founded in 1949, Signet has evolved significantly, moving its headquarters to the U.S. in 2008.

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8. Pandora Jewelry. Copenhagen, Denmark

   2023 Annual Revenue: $3.76 billion
   Number of Employees: 26,000+

   Founded in 1982, Pandora gained fame for its customizable bracelets. The company has expanded to over 2,400 stores worldwide, claiming the title of the “world’s largest jewelry brand.” After navigating market challenges, Pandora has successfully returned to its roots, focusing on accessible luxury.

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9. Chopard. Geneva, Switzerland

   2023 Annual Revenue: $523 million
   Number of Employees: 900+

   Chopard, known for its exquisite Swiss watches, has successfully entered the jewelry market. Founded in 1860, the company remains a leader in both industries, with a significant portion of revenue stemming from watch sales.

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10. Harry Winston. New York City, USA

    2023 Annual Revenue: $274 million
    Number of Employees: 500+

    Founded in 1932, Harry Winston is synonymous with luxury and has adorned Hollywood’s elite. After its initial family ownership, the brand was sold to the Swatch Group in 2013 for $1 billion, continuing to thrive in the luxury market.

Largest Jewelry Companies FAQ

1. Is the jewelry industry part of the fashion industry?

   No, the jewelry industry operates as a distinct sector. While closely linked to the fashion industry, it maintains its unique identity.

2. Who buys the most jewelry?

   Individuals aged 45-54 living in urban areas with annual incomes exceeding $200,000 are the most significant purchasers of jewelry. Additionally, 51% of Millennial women typically buy jewelry for themselves.

3. How many jewelry stores are there in the U.S.?

   Approximately 45,792 jewelry stores operate in the U.S. California leads with 6,594 stores, followed by New York with 5,522, and Florida with 4,748. The number of jewelry businesses has seen a decline of 3.3% from 2018 to 2023.

Author

Samantha Goddiess

Samantha is a lifelong writer who has been writing professionally for the last six years. After graduating with honors from Greensboro College with a degree in English & Communications, she went on to find work as an in-house copywriter for several companies including Costume Supercenter, and Blueprint Education.