The men’s luxury jewelry market is undergoing a notable surge, projected to reach a global value of $6.5 billion by year-end 2023, according to Euromonitor International. This represents an 8% increase over 2022, outperforming the 5% annual growth predicted for the broader women’s luxury jewelry sector. This growth is largely attributed to a wider shift towards formal wear, with jewelers reporting increased demand for accessories that complement suits, such as tie pins, lapel pins, and brooches.
Sotheby's recently held its first selling exhibition dedicated to men’s jewelry, and experts like Frank Everett, Sotheby's vice-chair of jewelry, note a trend of even traditionally conservative men embracing subtle accessories like tie and lapel pins. Sales data supports this, with Mr Porter's buying director, Daniel Todd, reporting that tie bar sales more than doubled between January and October this year compared to the same period last year, thanks to new styles from brands like Tom Ford, Dunhill, and Paul Smith. The increased visibility of extravagant brooches on the red carpet has also led to a rise in searches for these items.
Jewelry designers are actively responding to this demand. Akansha Sethi, for example, designed over 30 bespoke tie clips between February and September this year, a significant increase from a handful in the previous year. She is now introducing new tie-clip and lapel-pin designs to her collection. Shaun Leane, another British jewelry designer, has seen such a rise in requests for bespoke lapel pins that he is considering launching a dedicated collection next year. Darren Sherwood, founder of Mr Sherwood, attributes this renewed interest to people wanting to dress up and go out again post-pandemic, suggesting a "full 360" in fashion trends.
Beyond formal wear, the broader men’s jewelry market is experiencing growth driven by demand for larger, more playful statement pieces. A Polaris Market Research study valued the global men’s jewelry market at $48.56 billion, forecasting a compound annual growth rate (CAGR) of 9.9% from 2025 to 2034. This indicates a shift away from traditional items like engraved signet rings towards more assertive and distinctive jewelry choices, with men increasingly investing in fine and high jewelry.
