How Luxury Jewellery Will Change In 2023: 4 Trends To Watch

Posted by Heiwhite on August 21st, 2023

Businesses and industries have had a difficult two years, to say the least. However, the good news is that the future looks much brighter. As a matter of fact, the number of people spending was up 14.2% in October alone (Barclaycard). In addition, 2023 will be a strong year for the luxury market, which is expected to recover rapidly by the end of next year after suffering from the pandemic.

Which trends are predicted to dominate the luxury jewellery market in 2023, and what is in store for the luxury jewellery market?

We will place a high priority on sustainability

It is no secret that the environment is on many people's minds this year, especially after COP26. Consumers have changed their habits over the past year, including how they eat, how they travel, and what they buy. Many people are affecting both the big and the small decisions they make in their daily lives. According to one study (Deloitte), 61% of consumers limit their use of single-use plastic, while 39% buy more locally sourced goods.

Buy replica chanel jewelry businesses will no doubt take sustainability into account going forward, as Mintly found that 55% of UK jewellery buyers place importance on sustainability and ethical practices.

Using recycled materials and opting for high-quality, durable pieces that last instead of trend-driven, cheap pieces will help make the industry more sustainable.

Pre-owned products will be preferred by consumers over new products

The demand for new jewelry will continue to grow in 2023, but pre-owned jewelry is set to soar next year. Globally, the pre-owned luxury products industry is growing by around 8% each year.

The reason for this is that pre-owned jewelry is often more environmentally friendly than new jewelry. Not only is it second hand, but it is also likely to be made of good quality materials since it can be sold again. Plus, pre-owned pieces can come in a range of beautiful vintage designs and are well worth the investment. Pre-owned jewelery from the '70s should do well in 2023, particularly in the form of vintage charms.

There will be a lot of interest in men's and unisex jewellery

This year has been a year of breaking fashion boundaries, and jewellery in particular has been a big part of this. Men have been wearing jewellery more frequently over the past two years, with reports of men's jewellery sales booming during lockdown (GQ). Also, Timotheé Chalamet and Harry Styles are showing off their favorite pieces of jewellery, leading by example.

The market for men's and unisex jewellery will continue to grow as demand grows. Therefore, watch for a boom in this area in 2023. Popular trends predicted for men's jewellery in 2023 are brooches, mismatched rings, and pearl necklaces.

Maximalism will influence jewellery trends

We have taken advantage of the lifting of restrictions by going all out in terms of fashion after a long period of dressing down in our favourite loungewear and dressing gowns. There is no doubt that this trend will continue into 2023, as we try to make up for lost time. Maximalism is predicted to be a huge trend in 2023 in terms of interior design and fashion.

It is essentially the opposite of minimalism. Next year, we might see lots of clashing saturated shades and bold designs rather than subtle colours and simple styles. As far as jewellery is concerned, bold statement rings with vibrantly colored gemstones, extravagant necklaces, and large drop earrings will be popular. Also, consumers may want to purchase two or more pieces of luxury jewellery at the same time as part of this trend, which involves layering accessories. Click here

There will be a great return to the industry in 2023 after a difficult period. The maximalism trend will see consumers go all out with their accessories, while consumers are willing to spend more on high quality and sustainable items. There is a bright future ahead for the luxury jewellery industry with these positive trends on the horizon.