Welcome to the Vietnam International fair for Diamond, Gem & Pearl, Jewelery, timepieces and lifestyle!
Vietnam Jewelry Industry Market Trend Report - According to Statista (2023), Vietnam's jewelry market generated revenue of 1.09 billion USD in 2023. It is expected to register a compound annual growth rate of 4.39% (CAGR 2023-2026). On a per capita basis, each person in Vietnam is responsible for generating $10.89 in revenue in 2023. In addition, it is estimated that 84% of sales in the Jewelry market in 2023 will come from Non-luxury Jewelry. The development of Vietnam's economy in recent years has led to a growth in demand for jewelry, gold, silver and gemstones.
Along with the expansion of the scale of distribution and production units, this item is becoming more and more accessible to consumers. Promising opportunities open up for the jewelry industry in Vietnam when the potential customer base tends to rejuvenate, and the distribution channel network expands online and offline. According to McKinsey's estimates, in the next 10 years, the middle class in Vietnam may increase by 37 million people, geographically spreading. This increase along with the change in consumer trends will contribute to expanding the growth room of the jewelry market. Understanding consumers will be a great opportunity to help planners come up with the right strategy to break through in this industry.
The Jewelry Show and the Diamond, Gemstone & Pearl Expo together create many business opportunities for both buyers and exhibitors. The organizers would like to wish you a great time at the fair and bright prospects.
