Jewelry Making and Precious Metals Processing Equipment Market

Jewelry Making and Precious Metals Processing Equipment Market Size

According to a recent study by Global Market Insights Inc., the global jewelry making and precious metals processing equipment market size was estimated at USD 1.5 billion in 2024. The market is expected to grow from USD 1.57 billion in 2025 to USD 2.74 billion in 2034, at a CAGR of 6.3%.

The precious metals processing equipment and jewelry manufacturing sector is growing very rapidly due to numerous factors. The most significant factor is the rising demand for high-quality and personalized jewelry. Individuals, especially young users and affluent members of developed and emerging economies, prefer jewelry that reflects their identity, way of life, or culture. There has been an increasing need for high-accuracy small-scale production, and therefore, manufacturers are implementing advanced technologies to provide precise designs.

Advanced technologies like laser cutting and vacuum casting with CNC machines have enhanced manufacturing and minimized material wastage, and the quality of the product has increased with improved speed in manufacturing. Automation and computer-aided design software like CAD/CAM programs and 3D printing technology also improve with faster creation of jewelry prototypes and customization of products. These technologies assist in reducing labor costs and enabling designers to produce intricate designs of consistent quality.

The APAC region leads the market with its robust manufacturing base, efficient human resources, and high demand in both domestic and overseas markets. India, China, and Thailand are renowned for producing mass-produced as well as bespoke jewelry. The region has low labor costs, government incentives, and cultural values favoring expenditure on jewelry.

In 2023, India's manufacturing sector accounted for 17.4% of its GDP, while China's manufacturing sector contributed 27.7% to its GDP in the same year, which is testimony to their strong industrial bases. High incomes and urbanization in APAC are also supporting demand for new high-quality designs. Furthermore, most Western brands export to APAC for production, which continues to cement their status in the international market.

Casting machinery is most used since it is central to jewelry production. Casting enables manufacturers to produce intricate designs at low cost and in high volume, and this makes it suitable for both commercial and handmade jewelry. This technology applies to most varieties of precious metals and alloys and has evolved with improvements such as vacuum and centrifugal casting machines. These processes minimize material loss and enhance the quality of the final product. As manufacturers emphasize scalability as well as precision, casting equipment continues to be a huge investment in the sector.

Jewelry Making and Precious Metals Processing Equipment Market Trends

• Jewelry makers are increasingly using computer-aided design and manufacturing (CAD/CAM) software and 3D printing technologies, revolutionizing jewelry design and manufacturing. Jewelers have been using these technologies since 2020 to produce accurate, personalized models more quickly and precisely. CAD/CAM allows designers to design computer models, and these can be used to produce molds or even directly 3D print a wax or resin model to cast.
  
• 3D printing has also reduced prototyping and small-series production costs and increased its versatility over traditional methods. Adopting cutting-edge manufacturing technology, e.g., CAD/CAM and 3D printing, in the jewelry sector increased at an annual growth rate of 14% between 2020 and 2023, as reported by the U.S. Census Bureau. The adoption of such technologies is estimated to continue through 2030, with more and more manufacturers across places like Asia-Pacific and Latin America embracing such technologies.
  
• Sustainability and ethical sourcing are increasingly significant within the jewelry business, having an impact on production and consumption of products. Since 2021, particularly since 2023, firms have been employing recycled metals, minimizing chemical residue, and installing energy-efficient machinery.
  
• Initiatives like Fairmined and the Responsible Jewelry Council (RJC) certification are going mainstream as consumers and watchdogs call for greater transparency. Among the European jewelry brands, 68% had converted to sustainable practices as of 2023, according to the European Environment Agency. For Europe and the North American continent, sustainability is no longer an option but a compulsion. Sustainability efforts are likely to increase in the next 5–7 years as ESG factors play an increasingly important role in business strategies.
  
• Industry 4.0 means automation and smart manufacturing. The jewelry equipment market started adopting these technologies in 2022, as large players have been using robotic systems for polishing, engraving, and assembly operations. They have also been using IoT-based casting machines that provide real-time monitoring and predictive maintenance. These technologies provide minimal skilled labor issues in developed countries and enhance quality and efficiency.
  
• According to Japan's Ministry of Economy, Trade, and Industry, investments in smart manufacturing technologies in the jewelry segment went up by 11% in 2023. Even though the technologies are used today by market leaders in North America, Europe, and Japan, the prices will come down, and hence they will become cheaper to be adopted on a large scale between 2025 and 2032. Automation will probably be one of the key areas where investments will take place as manufacturers will aim to increase productivity and scalability in the next ten years.
  

Jewelry Making and Precious Metals Processing Equipment Market Analysis

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Based on equipment type, the jewelry making and precious metals processing equipment market is segmented into casting equipment and laser equipment. The casting equipment segment accounted for revenue of around USD 866.5 million in the year 2024 and is estimated to grow at a CAGR of around 6.7% from 2025 to 2034.

• Casting equipment is the most utilized machinery in the precious metal processing and jewelry industry. It is versatile for customization, has mass production capacity, and is cost-effective. While laser technology, such as engraving and welding systems, is utilized for specialized functions such as finishing and engraving, casting continues to be the prevailing technology for jewelry making, particularly in expanding markets and small- and medium-scale production facilities.
  
• Casting equipment is also used since it is capable of making very detailed and fine designs on a large scale. Investment casting, or lost-wax casting, is a process that permits producers to produce highly detailed pieces with smooth surfaces and precise measurements. It is useful in producing rings, pendants, and delicate gemstone settings. Casting is also applicable to most materials such as gold, silver, platinum, and alloys, so it is a convenient and cost-effective means of producing custom and mass production.
  
• The need for casting equipment has increased due to the popularity of handmade and bespoke jewelry. With the integration of 3D printing with casting, jewelers can easily create customized designs in wax or resin models and then later utilize them in metal jewelry making through conventional techniques of casting techniques. Due to this integration of digital design and traditional techniques of casting, casting equipment is more effective than laser equipment, which is primarily utilized for finishing but not forming.
  
• Casting systems are also cost-effective for small and medium-sized enterprises (SMEs), particularly in Southeast Asia and Latin America. The nations are witnessing increases in local jewelry manufacturing with the growing disposable incomes, evolving fashion style, and government incentives to craftsmen. As an example, according to the IMF projection, Latin America and the Caribbean will grow by 2.2% in 2024.
  
• Meanwhile, GDP growth in Southeast Asia stands at 4.9% in 2024, based on data from the World Bank. All these economic trends are spurring the growth of the local industries, which are also involved in the production of jewelry. Induction and vacuum-casting machines are scalable and modular in design and can be used in both new startups as well as large-scale manufacturing.
  
• Laser systems, on the other hand, are costly and need highly skilled labor and are therefore reserved for advanced and high-end manufacturing lines. Lasers are accurate and suited for engraving, marking, and fine welding, but not suited for forming and heavy production. Due to its extensive application, low cost, and capacity to accommodate traditional and new media techniques, casting equipment still reigns supreme, particularly within developing countries.

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Based on the end-user industry, the jewelry making and precious metals processing equipment market is categorized as jewelry manufacturing, precious metals refining, watch manufacturing, and other industries. The jewelry manufacturing, precious metals refining, watch manufacturing, and other industries. The jewelry manufacturing segment held around 38.8% of the total market share in 2024 and is anticipated to grow at a CAGR of 6.8% from 2025 to 2034.

• The largest end-use category in the precious metal treatment equipment and jewelry manufacturing market is jewelry production. It grows because of growing customer demands, advanced technologies, and the globalization of jewelry production. In comparison to other applications, such as recycling, industrial metal refining, or research, jewelry production requires the most equipment and propels the market.
  
• It is one of the driving forces behind the worldwide demand for jewelry, whether luxury or cultural symbol. For wedding celebrations and Middle East, Asia-Pacific, and African celebrations, jewelry plays a vital role. Fashionable jewelry and personalized designs are chosen in order to convey individual fashion in Western nations. This has contributed to the rise of large and small jewelry firms, all of which are relying on equipment such as casting, polishing, stamping, engraving, and refining machines.
  
• Technology is also playing an important part. Machines such as CAD/CAM systems, 3D printing, and auto-casting machines facilitate easier and more efficient manufacture of new models. These machines are primarily used in jewelry production and to a lesser extent in other sectors.
  
• Increase in e-commerce and direct-to-consumer (D2C) business has favored the small and medium jewelry companies. Companies require low-cost and space-saving machinery to fulfill growing orders. Indian, Chinese, Thai, and Indonesian governments are also supporting the industry. For instance, India's Ministry of Commerce and Industry announced that Indian gem and jewelry exports had reached USD 39.45 billion during the FY 2022-2023, which indicates favorable government support for the business.
  
• With an increasing more consumers seeking distinctive, environmentally friendly, and responsibly sourced jewelry, the production business is evolving extremely rapidly. That is why it is the most automated and fastest-growing segment of the business.
  

Based on the distribution channel, the jewelry making and precious metals processing equipment market is categorized as direct and indirect. The indirect segment held around 61.2% of the total market share in 2024.

• The indirect channel is that which is fueling market growth in the jewelry production and precious metals processing equipment industry simply because it has wider market coverage, logistical efficiency, and established dealer networks. Selling indirectly through authorized third-party brokers, resellers, and distributors helps companies tap into various geographies without spending a lot of money on local infrastructure, which in a globalized but fragmented industry makes sense.
  
• One of the largest reasons for popularity is that indirect channels create access to more buyer levels, for instance, small- and medium-sized jewelers, craftsmen, or workshops in the growth markets which do not have close relationships with the maker or simply prefer to purchase locally. They keep stock locally, offer after-sales support, and offer training in operating equipment, and are a one-stop shop for the buyer who requires the product as well as the service.
  
• Moreover, indirect distribution enables firms to develop at a faster pace in international markets, especially in Southeast Asia, Latin America, and the Middle East, where regulatory conditions, tariffs, and language issues might be challenging. Local distributors can avoid the challenges more readily and gain the trust of customers by providing personalized service and area-by-area focus promotion.
  
• Indirect selling also facilitates bundling complementary products, such as molds, polish chemicals, and engraving equipment, required for jewelry production. Distributors have long-time relationships with jewelry manufacturers and understand their buying patterns, allowing them to negotiate customized solutions and shorter sales cycles.
  
• Additionally, most end-purchasers in this environment wish to view products in person or be shown demonstrations before purchasing something facilitated by indirect sellers in the form of showrooms, trade shows, and neighborhood expos. This advantage to customer experience also increases indirect selling.

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In 2024, the U.S. dominated the jewelry making and precious metals processing equipment market, accounting for around 76.5% and generating around USD 350.4 million in revenue in the same year.

• The U.S. leads the North American luxury jewelry market due to its strong brand presence of premium jewelry brands and advanced production technologies. Digital technologies like CAD/CAM systems, laser engraving, and 3D printing are used by most of the jewelry manufacturers in the country to drive production. In the U.S. The manufacturing industry of silverware and jewelry, according to the Census Bureau, generated over USD 12 billion in revenue in 2022. Availability of advanced equipment and a growing request from consumers for unique, green, and responsibly manufactured jewelry continues to sustain domestic production and demand for quality processing equipment.
  

The European jewelry-making and precious metals processing equipment market in Germany is expected to experience significant and promising growth from 2025 to 2034.

• Germany has its mark in the European jewelry market due to its engineering background and high precision manufacturing capabilities. The nation boasts a rich heritage of excellent jewelry-making and brands, as well as machinery supply houses. It exported jewelry to the tune of over EUR 2 billion during 2022, reports the Federal Statistical Office of Germany. Market growth is spurred by fresh adoption of laser technology, CNC systems, and fresh innovations towards an environmentally sustainable refining equipment line, with Germany's high levels of sustainability standards. A demand for luxury goods and precision tools drives the MEA requirement for sophisticated jewelry production equipment.
  

The Asia Pacific jewelry making and precious metals processing equipment market, China holds a market share of around 36.4% in 2024 and is anticipated to grow with a CAGR of around 7.2% from 2025 to 2034.

• China is the largest in the Asia-Pacific region as a world factory for use in domestic consumption and export. It also possesses a sound supply chain of precious stones and metals and a highly skilled yet low-cost labor force. The People's Republic of China yielded more than 700 metric tons of gold in 2022, positioning it as the world leader. Disposable income increases, along with cultural preference for jewels of jade and gold, would complement demand. Government policies that encourage automation and smart manufacturing technology have expanded the size of casting, melting, and polishing machines. Moreover, the rising e-commerce industry in China has boosted small and mid-sized jewelry makers by giving them easy and low-cost access to efficient machines.
  

The MEA jewelry making and precious metals processing equipment market in Saudi Arabia is expected to experience significant and promising growth from 2025 to 2034.

• The MEA jewelry market is dominated by Saudi Arabia. The demand for gold jewelry, especially for weddings and religious events, remains strong in this country due to significant cultural preference. High per capita income and preferences for premium gold ornaments favor domestic production. The Saudi Monetary Authority revealed that it imported more than USD 5 billion worth of gold in 2022. The Vision 2030 project has motivated investments in domestic manufacture; hence, jewelry-making factories have been set up, along with the use of advanced machinery. In addition, the minimal import duties on raw gold and machinery simplify the manufacturing process for manufacturers, making Saudi Arabia a formidable competitor in the regional jewel market.
  

Jewelry Making and Precious Metals Processing Equipment Market Share

Rio Grande is leading with an 11.6% market share. Durston Tools Ltd., Superbmelt, Gesswein Co. Inc., Pepetools collectively hold 13.5%, indicating fragmented market concentration.

The top five players in the jewelry making and precious metals processing equipment market are Rio Grande, Durston Tools Ltd., Superbmelt, Gesswein Co. Inc., and Pepetools. They are top players because of their experience, broad product offerings, innovation focus, quality, and customer service focus. Rio Grande, an American company under Berkshire Hathaway's Richline Group, dominates the market as it provides a one-stop solution to jewelers. This encompasses metal forming and rolling mill tooling, tools, raw material, and packaging. Customer loyalty is also created by educating customers by means of teaching content and technical support.

Durston Tools Ltd. from the United Kingdom is globally renowned due to its high-quality metal forming tools and rolling mills. The company is valued for its precision, reliability, and craftsmanship, both for commercial jewelers and industrial applications. Its emphasis on research and strong global distribution network make it competitive. Chinese Superbmelt is also engaged in casting and melting machinery. It provides sophisticated machines at reasonable prices. Due to its research emphasis, product customization, and market penetration in Southeast Asia, the Middle East, and Africa, Superbmelt has become a leading player for small and mid-sized jewelry producers.

Gesswein Co. Inc., an American company for more than 100 years, is a specialty in polishing, finishing, and precision tools. It provides jewelers and industrial mold makers with a comprehensive selection of tools and a world-class after-sales service. Finally, Pepetools, another American company, has established a respected position by emphasizing American manufacturing and precision engineering. The company is interacting with small workshops and craft jewelers through social media to provide cost-effective professional-grade tools and product instructions. All these organizations are market leaders as they fulfill the needs of contemporary jewelers, which are efficiency, customization, and dependability.

Jewelry Making and Precious Metals Processing Equipment Market Companies

Major players operating in the jewelry making and precious metals processing equipment industry are:

• CDOCAST Machinery
• Contenti
• Durston Tools
• EnvisionTEC
• Gesswein
• Gravotech
• Indutherm
• LaserStar Technologies
• Orotig
• Pepetools
• Rio Grande
• Schultheiss
• Supermelt
• UIHM
  

Durston Tools is the world's leading supplier of metal forming machinery, precision rolling mills, and shaping tools required in metal sheet and wire forming. EnvisionTEC (rebranded as ETEC) offers jewelry prototype 3D printing technology to provide high-resolution wax models for lost-wax casting. Gesswein specializes in polishing and finishing systems with jewelers' ultrasonic cleaners, hand tool sets, and surface treatment equipment.

LaserStar Technologies offers accurate laser welders and engravers utilized in fine repair and personalization of metal jewelry. Orotig also specializes in laser welding systems that facilitate fine soldering without destroying fragile stones or constructions. Pepetools provides hand tools and bench accessories, such as disc cutters, rolling mills, and metal-forming accessories, to professional and amateur users. Rio Grande is an across-the-board distributor of casting equipment, raw materials, findings, and educational materials and is a leader in the entire jewelry manufacturing value stream. Schultheiss is a leader in spincasting and mold systems, which are ideal for small-volume metal part duplication for jewelry.

Jewelry Making and Precious Metals Processing Equipment Industry News

• In April 2025, Aspect Bullion and Refinery are placing 50 gold and silver vending machines across the country. The vending machines dispense coins and bars at live market rates. UPI or card Purchase in under three minutes. The first of these has been placed in Mumbai before Akshaya Tritiya. The company is placing these machines in malls, airports, and temples. The machines are homegrown.
  
• September 2024, Cooksongold announced the launch of a new industrial business division dedicated to the use of precious metal additive manufacturing for high-end applications. The Birmingham-headquartered jewelry-making materials distributor, renowned in the 3D printing sector for being at the forefront of utilising gas atomized precious metal powders, says its new Cookson Industrial division will be an end-to-end specialist in consultancy, R&D, NPD, and manufacture. This will comprise its traditional and subtractive manufacturing as well as its additive capabilities, with six EOS Precious M 080 and M 100 systems and a Renishaw AM 500S Flex.
  
• In 2024, Specialist precious metal and jewellery company Cooksongold unveiled a new industrially focused division to spearhead the development of precious metal additive manufacturing (AM) technology for various performance-critical industries like aerospace. It produces and formulates in-house a wide variety of gas atomised precious metal powders, including gold, silver, platinum, and palladium powders; all of which, wherever possible recovered through recycling.
  

The jewelry making and precious metals processing Equipment market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and shipment (Units) from 2021 to 2034, for the following segments:

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Market, By Equipment Type

• Casting equipment
  • Melting and refining equipment
  • Stamping and forming equipment
• Laser equipment
  • Polishing and finishing equipment
  • Electroplating equipment
  • Other equipment

Market, By Metal Type

• Gold processing equipment
• Silver processing equipment
• Platinum group metals equipment
• Other precious metals equipment

Market, By End Use Industry

• Jewelry manufacturing
• Precious metals refining
• Watch manufacturing
• Other industries

Market, By Distribution channel

• Direct sales
• Indirect sales

The above information is provided for the following regions:

• North America
  • U.S.
  • Canada 
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • South Africa
  • Saudi Arabia