As gold prices continue to rise, South Korean jewelry brands are increasingly leveraging lower-karat gold and alternative materials to attract younger, budget-aware customers.
Market Shift to More Affordable Options
The market, which has traditionally been dominated by 14k and 18k products, is witnessing a surge in the availability of more cost-effective 10k, 9k, and even 5k gold items. These lower purity items, which contain less gold than the 24k gold standard, are assisting brands in maintaining their pricing strategy without compromising on design aesthetics.
Leading retailers such as Lloyed, managed by E-Land Group’s E-World, have successfully targeted younger consumers by broadening their range of “light gold” products and silver jewelry.
Since the introduction of 5k gold in late 2023, Lloyed has expanded its collection to include diverse products such as rings, necklaces, earrings, and anklets. This expansion has led to a 27 percent year-over-year increase in sales for its light gold and silver collections in the first half of 2025.
A representative of Lloyed noted the company’s strategic move towards practical materials in the face of fluctuating gold prices has found favor with younger customers. “Diversifying beyond a product range focused exclusively on 14k and above has allowed us to address the evolving consumer demand effectively,” they said.
Adapting to Changing Demographics
Luxury brand Didier Dubot, known for its prominent positioning in high-end department stores, has also made changes to cater to younger demographics. The brand now offers 10k custom-made options in its couple ring line. A representative from Didier Dubot emphasized that their aim was not merely about providing affordable options, but also about introducing new customers to the brand.
Some brands are exploring the concept of dual series. MiniGold, for instance, offers a premium series composed entirely of 14k gold alongside a “Smart Daily Line.” In the latter, silver pieces are gold-plated with only the earring posts made from 14k gold.
The price difference between the two lines is significant. One style of 14k earrings is priced at nearly 1.3 million won (US$1,000), while the Smart Daily version is affordably priced under 200,000 won (US$150).
Industry professionals point out that price-sensitive consumers, particularly those in their twenties and thirties, are the driving force behind this diversification. One executive commented, “While luxury brands have raised prices in line with the increasing gold prices, mass-market jewelry lines are innovating with materials and design to maintain accessibility.”
With affordability now being considered as crucial as aesthetics, South Korea’s jewelry market is redefining luxury to cater to a generation that values cost-effectiveness over karats.
Questions & Answers
Why are South Korean jewelry brands moving towards lower-karat gold?
Due to rising gold prices, these brands are utilizing lower-karat gold and alternative materials to maintain price points while meeting the demands of young, cost-conscious consumers.
What changes have brands like Lloyed and Didier Dubot made?
Retailer Lloyed has expanded its range to include “light gold” products and silver jewelry, while luxury brand Didier Dubot is offering 10k custom-made options in its couple ring line to attract younger customers.
How is the jewelry market in South Korea evolving?
The market is moving towards more affordable gold options, with brands creating lines that incorporate lower-karat gold and alternative materials. This shift is largely driven by price-sensitive younger consumers, leading to a redefinition of luxury in the sector.
