Global Gemstones
Market Report
2025
The Global Gemstones market will be USD 33.2 billion in 2023 and grow at a compound annual growth rate (CAGR) of 6.00% from 2023 to 2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Gemstones market will be USD 33.2 billion in 2023 and grow at a compound annual growth rate (CAGR) of 6.00% from 2023 to 2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Gemstones Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 6% |
North America Gemstones Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Gemstones Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Gemstones Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Gemstones Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Gemstones Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Market Split by End-User |
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Market Split by Nature |
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Market Split by Product |
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Market Split by Distribution Channels |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Gemstones industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Gemstones Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The jewelry and luxury industries heavily depend on the worldwide gemstone market, a thriving and dynamic sector. Gemstones have long been treasured and enthrall buyers worldwide because of their rarity, beauty, and symbolic value.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the gemstones industry.
For instance, Gemfields released an exceptional pair of Mozambique rubies in May 2022. These exceptional Mozambique rubies, which total 61.50 carats in uncut weight, were offered for sale at the Gemfields' ruby auction.
(Source: gemfields.com/journals/extraordinary-ruby-duo-discovered-and-set-for-auction/)
The jewelry business places a high value on gemstones because of their aesthetic value, color, and beauty. They give various jewelry items, such as rings, necklaces, earrings, and bracelets, a touch of elegance and luxury. Jewelry is frequently used to mark important life events, including birthdays, anniversaries, weddings, and engagements. Purchases of gemstones experience regular and seasonal increases due to this occasion-driven demand. Customers frequently look for one-of-a-kind and personalized jewelry creations. Regarding customization and originality, gemstones provide various alternatives, including various types, colors, and cuts.
Malabar Gold & Diamonds announced in April 2021 that it will invest Rs. 1,600 crore (US$ 214 million) to open 56 stores in FY22, 40 of which would be in India and 16 in other countries.
(Source: www.ibef.org/industry/gems-jewellery-india)
Gemstones have symbolic and cultural significance in numerous cultures. For example, because they are associated with birthstones, anniversaries, and other important events, certain gemstones are used more frequently in jewelry.
Gemstones provide fashion and luxury goods with a touch of elegance and opulence. They increase these products' general appearance and appeal, whether incorporated into apparel, purses, or footwear. Numerous high-end fashion brands team up with famous jewelers to produce distinctive gemstone jewelry collections. Fashion-forward consumers may be very interested in and in demand for these collaborations. Celebrities regularly wear jewelry with gemstone accents on red carpet events and in their daily lives, starting fashions and inspiring their fan base to look for similar items.
India's gems and jewelry exports surpassed US$ 39.45 billion in 2021–22, a 54.68% increase from the previous year.
(Source: www.ibef.org/industry/gems-jewellery-india)
Gemstone jewelry and other luxury goods are frequently viewed as status symbols. By owning and wearing such products, customers can display their social and economic status. Innovation in gemstone settings, jewelry design, and craftsmanship are ongoing features of high-end fashion and luxury businesses. As a result, the market remains lively and inviting to customers.
Especially in areas with minimal rules, ensuring a transparent and moral supply chain for diamonds can be difficult. Consumer and regulatory attention has been raised by issues involving human rights abuses, unethical mining methods, and the use of child labor. When purchasing gemstones from far-flung or unstable areas, it might be challenging to determine the stone's origin. For ethical and legal reasons, confirming the jewels' provenance and validity is crucial. Unexpected events like political unrest, natural disasters, and other misfortunes might stop the flow of goods, reducing the supply of precious stones. Instability in the market and price changes may result from this.
COVID-19 significantly impacted the gemstone industry. The mining, cutting, and trading-dependent gemstone supply chain was hampered because numerous mines and manufacturing facilities were forced to close temporarily due to lockdowns and safety precautions. Due to the disturbance, production and distribution of several gem kinds were delayed and in short supply. Consumer expenditure on luxury goods, such as jewelry, which mainly relies on gemstones, decreased due to the epidemic and the economic unrest. Reduced social engagements, postponed engagements, and fewer weddings contributed to declining demand for jewelry with gemstone accents.
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Competition in the gemstones business is tough and varied. Numerous gemstone vendors are present, both large, global corporations and smaller, more specialized ones. Companies compete to offer cutting-edge solutions due to globalization and technological advancement.
(Source: gemfields.com/journals/gemfields-in-exciting-collaboration-with-house-of-meraki/?)
(Source: gemfields.com/journals/margery-hirschey-x-gemfields-launch-the-barcelona-collection-for-ruby-month/?)
Top Companies Market Share in Gemstones Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for more than 38% of the global revenue. The market for gemstone jewelry is thriving in North America, including the United States and Canada. Consumers in the area have a lot of disposable wealth, and giving gemstone jewelry as gifts for birthdays, weddings, and other special occasions is strongly ingrained in the culture. North America has an increasing awareness of and preference for gemstones that are mined responsibly. Customers are becoming more curious about the ethical standards and place of origin of the gemstones they buy. North American customers frequently request gemstone jewelry. This trend increases demand for a wide range of gemstones and distinctive designs.
Asia Pacific is expected to be the fastest-growing region during the forecast period. The Asia Pacific region has had significant economic expansion, which has resulted in a growing middle-class population with rising purchasing power. The demand for luxury items, such as gemstone jewelry, has increased due to this demographic transition. In many Asian nations, gemstones have long had a significant cultural role. They are frequently included in ceremonial gatherings, jewelry, and rituals. This cultural connection continuously drives the desire for gemstone jewelry.
The current report Scope analyzes Gemstones Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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As per the current market study, out of xxxx Million USD global market revenue 2025, North America market holds xx% of the market share. The North America Gemstones industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, in 2023, North America led the market and generated more than 38% of the global revenue. The North American gemstone market significantly contributes to the global industry, concentrating on diamond manufacture in Canada and the trade of various gemstones in the United States. A dependable network of jewelers and merchants helps meet the enormous demand from customers for gemstone jewelry and decorations in this region. Additionally, the ruby segment dominates the gemstones market. Rubies often appear on the red carpet and are worn by celebrities at prestigious events. Such visibility can create trends and stimulate demand. According to Cognitive Market Research, the market for ethical gemstones has expanded. Businesses that can guarantee ethical practices and supply chain transparency have a competitive advantage. These factors create an opportunity for the gemstone market in the near future.
As per the current market study, out of xxxx Million USD global market revenue 2025, Europe market holds xx% of the market share. The Europe Gemstones industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, Europe will be the second-largest market in 2023, accounting for more than 34% of the global revenue.
As per the current market study, out of xxxx Million USD global market revenue 2025, Asia Pacific market holds xx% of the market share. The Asia Pacific Gemstones industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, Asia Pacific is anticipated to be the fastest-growing gemstone market in 2023 and will account for a share of more than 20% of global revenue. Various gemstones are in high demand in Asia, especially in countries like China and India. It gains from traditional craftsmanship and changing customer demands, including gemstones' cultural and astrological significance. Additionally, diamonds are expected to be the fastest-growing segment of the gemstones market. Because diamonds are the April birthstone, many people born in this month buy diamond jewelry to commemorate their birthdays. According to Cognitive Market Research, due to their scarcity and rising demand, colored gemstones like sapphires, emeralds, and rubies present prospects for investment. These stones can be found, and investing in them can be rewarding. This opens up opportunities for the gemstone business in the near future.
As per the current market study, out of xxxx Million USD global market revenue 2025, South America market holds xx% of the market share. The South America Gemstones industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, the Latin America gemstones market in 2023 accounted for a share of more than 5% of the global revenue. Various gemstone sources, including the well-known emerald, amethyst, and tourmaline mines in Brazil, distinguish the market for gemstones in Latin America. The region's gemstone sector is still being supported by demand for these jewels, which both domestic and foreign consumers are driving. Additionally, the gemstones market's fastest-growing category is also anticipated to be synthetic. Compared to natural gemstones, synthetic gemstones are frequently less expensive. Customers seeking gemstone jewelry without the high price tag frequently choose them because of their affordability. According to Cognitive Market Research, to promote eco-friendly behaviors and reduce the need for new mining, there is an opportunity to recover and recycle gemstones from outdated jewelry. In the near future, this creates an opportunity for the gemstone market.
As per the current market study, out of xxxx Million USD global market revenue 2025, Middle East and Africa market holds xx% of the market share. The Middle East and Africa Gemstones industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR.
According to Cognitive Market Research, the Middle East and Africa gemstones market in 2023 accounted for a share of more than 3% of the global revenue. Rising demand for unique and premium gemstones, such as tanzanite from Tanzania and colored diamonds from different African nations, may be seen in the Middle East and Africa gemstones industry. The market is gaining from the increase in demand for rare and ethically sourced gemstones on a global scale. Additionally, the gemstones market segment predicted to increase fastest is semi-precious. The adularescence of moonstone, which produces an eye-catching play of light over its surface, makes it valuable. Rings and pendants frequently contain it. According to Cognitive Market Research, increased visibility and sales may result from working with reputable fashion brands and designers to develop special gemstone collections. In the near future, gemstone market chances will arise due to these factors.
Global Gemstones Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Gemstones Industry growth. Gemstones market has been segmented with the help of its Type, End-User Nature, and others. Gemstones market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Precious is the gemstones market's most popular offering. The most well-known precious stone is the diamond. Diamonds, which are prized for their brightness and remarkable durability, are frequently used in engagement rings, upscale jewelry, and as investments. Due to the light being scattered by minute silica spheres, opals are prized for their iridescence and color play. Brightly colored precious opals are highly prized.
According to Cognitive Market Research, Semi-precious is the second-most popular category. Amethyst, a violet-to-purple type of quartz, is prized for its lovely, calm color. It comes in various sizes and forms and is frequently used in jewelry. A light blue to greenish-blue variant of the mineral beryl is known as aquamarine. It is a well-liked option for gemstone jewelry, particularly rings.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Gemstones Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the gemstones market is expected to be dominated by jewelry and ornaments. Rings frequently include gemstones placed inside them, either as solitaire stones or as components of elaborate patterns. Gemstones are frequently used in earrings, whether studs, dangles, or chandelier-style creations. Table tops, sculptures, and ornamental bowls are all made from gemstones as decorative things for houses.
In terms of utilization, the gemstones in the luxury arts category are ranked second. Custom pieces made to a client's requirements are frequently the result of bespoke commissions in the world of luxury arts. Some works of luxury art incorporate gemstones to improve their aesthetic appeal and tell a story while also having historical or cultural importance.
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According to Cognitive Market Research, the natural segment is expected to dominate the gemstone market. The market for natural gemstones consists of a vast range of stones, each with its distinct geological composition and properties. This variety covers various gems, such as opals, amethysts, rubies, sapphires, and diamonds. Natural gemstones are highly valued for their uniqueness, scarcity, and beauty. Natural gemstones are one of a kind, and their unique colors, inclusions, and qualities add to their attractiveness.
Synthetics are the second-most used segment. Synthetic gemstones are created in laboratories using various methods, including the Verneuil, Czochralski, and flux methods. These processes replicate the natural conditions under which gemstones form, allowing for crystal-controlled growth.
According to Cognitive Market Research, the ruby is anticipated to lead the gemstones market. High-end jewelry, such as rings, necklaces, earrings, and bracelets, frequently incorporates rubies. Ruby rings are common for engagement and anniversary bands because they are frequently linked to love and passion. Ruby is the birthstone for July. Many people born this month wore ruby jewelry for their birthday celebrations.
The gemstones for diamond offerings rank second in usage. Luxury and expensive jewelry collections often include diamonds prominently. Reputable brands reflect their value and reputation by using high-quality, large-carat diamonds in their designs. Customers have the option to personalize their jewelry due to the diamond industry. Making unique and customized jewelry involves choosing the diamond's shape, cut, carat weight, color, and clarity.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Gemstones Market is witnessing significant growth in the near future.
In 2023, the Precious segment accounted for noticeable share of global Gemstones Market and is projected to experience significant growth in the near future.
The Astrology segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Chow Tai Fook (Hong Kong) , Cartier (France) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Type | Precious, Semi-Precious |
End-User | Astrology, Jewelry and Ornaments, Luxury Arts, Others |
Nature | Natural, Synthetic |
Product | Diamond, Emerald, Ruby, Sapphire, Exandrite, Topaz, Others |
Distribution Channels | Online, Offline |
List of Competitors | Chow Tai Fook (Hong Kong), Tiffany & Co. (United States), Cartier (France), Graff (United Kingdom), Buccellati (Italy), Harry Winston (United States), Van Cleef & Arpels (France), De Beers (South Africa), Rio Tinto (Australia), Alrosa (Russia), Signet Jewelers (United States), Pandora Jewelry (Denmark), Kering (France), LVMH Moët Hennessy Louis Vuitton (France), Richemont (Switzerland), Chow Sang Sang (Hong Kong), Luk Fook Holdings (Hong Kong) |
This chapter will help you gain GLOBAL Market Analysis of Gemstones. Further deep in this chapter, you will be able to review Global Gemstones Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Gemstones. Further deep in this chapter, you will be able to review North America Gemstones Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Gemstones. Further deep in this chapter, you will be able to review Europe Gemstones Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Gemstones. Further deep in this chapter, you will be able to review Asia Pacific Gemstones Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Gemstones. Further deep in this chapter, you will be able to review South America Gemstones Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Gemstones. Further deep in this chapter, you will be able to review Middle East and Africa Gemstones Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Gemstones. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by End-User Analysis 2021 - 2033
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Chapter 12 Market Split by Nature Analysis 2021 - 2033
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Chapter 13 Market Split by Product Analysis 2021 - 2033
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Chapter 14 Market Split by Distribution Channels Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Gemstones market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Precious have a significant impact on Gemstones market? |
What are the key factors affecting the Precious and Semi-Precious of Gemstones Market? |
What is the CAGR/Growth Rate of Astrology during the forecast period? |
By type, which segment accounted for largest share of the global Gemstones Market? |
Which region is expected to dominate the global Gemstones Market within the forecast period? |
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