Global Gemstones Market Research Report by Type, by Category, by End Use, by Distribution Channel, and by Region Forecast till 2032

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List of Tables

Global Gemstones Market Research Report by Type (Emerald, Pearl, Sapphire, Ruby, Others), by Category (Natural, Synthetic), by End Use (Jewelry & Ornaments, Luxury Arts), by Distribution Channel (Store-Based, Non-Store Based), and by Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Forecast till 2032

Industry Overview

The gemstone market is expected to attain a valuation of USD 36,211.10 million by 2032, growing steadily at a 9.93% CAGR over the forecast period. A gemstone is a precious or semi-precious mineral or organic material that is cut, shaped, and polished for use in jewelry and ornaments. These stones are admired for their rarity, brilliance, and color, with examples including diamonds, sapphires, emeralds, and rubies.

A significant force driving the global gemstone market is the surging demand for statement jewelry. Customers are lashing out to less impassioned but more lively, pretty, and colored by certified gemstones, like sapphires, emeralds, and rubies. The certification provides absolute trust as well as quality, ethical sourcing, which is in tune with the curiosity about sustainability that is growing day by day. As jewelry is the latest trend in the art of self-expression, designers are the ones who, to take the previously outlined trend to an even bigger altitudinal plane, are hooking up with colored gemstones to produce not only eye-pleasing but also genuine artworks that offer them the prospect of steering up their vehicle in the global gemstone market for further growth across the globe.

Major Company Development

In April 2023, the company revealed a bunch of rubies and pink sapphires sourced responsibly; conversely, in February, it pictured these gems in a new jewelry collection. The October 2022 collaboration with FACET introduced 'Fire Under Ice,' a concept using clean gold and certified rubies. February 2022 was the birth of RubyCloud, a dashboard for the live tracking of stocks that, together with designers and retailers, supports the usage of just a few mined gemstones in the right way. In May 2021, Greenland Ruby confirmed its financial power by acquiring $18 million in the form of working capital from the Nebari Natural Resources Credit Fund, which is dedicated to long-term growth strategies and other natural resources projects.

Key Players

Major players in the global gemstone market are Gemfields Group Limited, Columbia Gem House, Inc., KGK Group, Pala International, The Rare Gemstone Company, Greenland Ruby, Fura Gems INC., Mulla Group, MIF Gems Co., Ltd., and Blue Nile Inc.

Report Attribute Details

Market Size 2022 USD 14,582.89 Million

Market Size 2032 USD 36,211.10 Million

CAGR (2023-2032) 9.93%

Base Year 2022

Market Forecast Period 2023-2032

Industry Segmentations

By Type: Emerald - 23.76%, Pearl - 11.43%.

By Category: Natural - 71.74%, Synthetic - 28.26%.

By End Use: Jewelry & Ornaments - 75.31%, Luxury Arts - 24.69%.

By Distribution Channel: Store-Based - 77.05%, Non-Store Based - 22.95%.

Regional Analysis

The North American gemstone market is poised for a robust enlargement journey, hitting beyond USD 15 billion by 2032. The pandemic interrupted the supply chains and had a negative effect on luxury spending. In 2022, North America's gemstone market reached USD 4,018.66 million in the U.S. and USD 963.85 million in Canada.

Europe remains a central hub for luxury jewelry, supported by a wealthy consumer base and centuries-old artisanal traditions. Besides that, high-tech developments like AR-enabled jewelry sales or 3D printing are redefining the customer experience. Europe recorded notable figures with the UK leading at USD 936.79 million, while France and Germany stood at USD 627.40 million and USD 479.07 million, respectively.

Asia-Pacific is gaining strength as a gemstone industry, which can be explained by the rapid growth of the region's economy, the increase in disposable income, and the symbolic meaning of gemstones in the local cultures. The Asia-Pacific region showed strong demand, with China at USD 1,063.43 million, Japan at USD 854.11 million, and India at USD 625.47 million.

South America is experiencing vibrant market growth, supported by its vast gemstone resources and rising middle-class spending. Colombian emeralds enjoy premium demand globally, while rubies and sapphires are gaining ground as desirable alternatives. Technological improvements in mining and processing enhance quality and affordability.

The Middle East & Africa gemstone market is shaped by the luxury-focused culture of Gulf states and Africa's rich reserves of gemstones. High demand for exotic, rare stones reflects the region's preference for exclusivity and status-driven jewelry. While natural gemstones dominate, synthetic stones are gradually gaining acceptance due to affordability and sustainability factors.

Product Code: MRFR/CR/20154-CR

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 GLOBAL GEMSTONES MARKET, BY TYPE
- 1.1.2 GLOBAL GEMSTONES MARKET, BY CATEGORY
- 1.1.3 GLOBAL GEMSTONES MARKET, BY END-USE
- 1.1.4 GLOBAL GEMSTONES MARKET, BY DISTRIBUTION CHANNEL
- 1.1.5 GLOBAL GEMSTONES MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 SCOPE OF THE STUDY
2.2 RESEARCH OBJECTIVE
2.3 MARKET STRUCTURE
2.4 KEY BUYING CRITERIA

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS & LIMITATIONS

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 RISING TREND TOWARDS STATEMENT JEWELRY
- 4.2.2 LUXURY EXPERIENCE AND CRAFTSMANSHIP
- 4.2.3 SUSTAINABILITY AND ETHICAL SOURCING
- 4.2.4 DRIVER IMPACT ANALYSIS
4.3 RESTRAINTS
- 4.3.1 HIGH COST AND RARITY
- 4.3.2 LACK OF STANDARDIZATION
- 4.3.3 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITIES
- 4.4.1 DIVERSIFICATION AND PERSONALIZATION
- 4.4.2 COLLABORATIONS WITH DESIGNERS AND INFLUENCERS
- 4.4.3 OPPORTUNITY IMPACT ANALYSIS
4.5 CHALLENGES
- 4.5.1 CHALLENGES IN CERTIFICATION STANDARDIZATION
- 4.5.2 COMPETITION FROM SYNTHETIC AND LAB-GROWN STONES
- 4.5.3 CHALLENGES IMPACT ANALYSIS

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS
- 5.1.1 MINERS
- 5.1.2 LOCAL INTERMEDIARIES/ LANDOWNERS
- 5.1.3 BROKERS
- 5.1.4 TRADERS AND DEALERS
- 5.1.5 CUT AND POLISH UNITS
- 5.1.6 JEWELERS
5.2 SUPPLY CHAIN ANALYSIS
- 5.2.1 MINERS
- 5.2.2 SORTERS
- 5.2.3 CUTTERS
- 5.2.4 GRADERS
- 5.2.5 GEM DEALERS
- 5.2.6 SUPPLIERS
- 5.2.7 JEWELERS
- 5.2.8 INTEGRATION LEVELS
- 5.2.9 KEY ISSUES ADDRESSED (KEY SUCCESS FACTORS)
5.3 PORTER'S FIVE FORCES MODEL
- 5.3.1 BARGAINING POWER OF SUPPLIERS
- 5.3.2 BARGAINING POWER OF BUYERS
- 5.3.3 THREAT OF NEW ENTRANTS
- 5.3.4 THREAT OF SUBSTITUTES
- 5.3.5 INTENSITY OF RIVALRY
5.4 IMPACT OF COVID-19 PANDEMIC ON GLOBAL GEMSTONES MARKET
- 5.4.1 IMPACT ON PRODUCTION
- 5.4.2 IMPACT ON SUPPLY CHAIN
- 5.4.3 IMPACT ON PRICING
- 5.4.4 IMPACT ON CONSUMER BUYING BEHAVIOR
- 5.4.5 IMPACT ON END-USER
5.5 MARKET TRENDS
5.6 STRATEGIC INSIGHTS
- 5.6.1 TECHNOLOGY UPDATE
- 5.6.2 REGIONAL MARKETS TO LOOKOUT FOR

6 GEMSTONES MARKET, BY TYPE

6.1 OVERVIEW
- 6.1.1 GLOBAL GEMSTONES MARKET ESTIMATES & FORECAST, BY TYPE, 2018-2032
6.2 EMERALD
- 6.2.1 EMERALD: MARKET ESTIMATES & FORECAST, BY REGION, 2018-2032
6.3 PEARL
- 6.3.1 PEARL: MARKET ESTIMATES & FORECAST, BY REGION, 2018-2032
6.4 SAPPHIRE
- 6.4.1 SAPPHIRE: MARKET ESTIMATES & FORECAST, BY REGION, 2018-2032
6.5 RUBY
- 6.5.1 RUBY: MARKET ESTIMATES & FORECAST, BY REGION, 2018-2032
6.6 OTHERS
- 6.6.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2018-2032

7 GLOBAL GEMSTONES MARKET, BY CATEGORY

7.1 OVERVIEW
- 7.1.1 GLOBAL GEMSTONES MARKET ESTIMATES & FORECAST, BY CATEGORY, 2018-2032
7.2 NATURAL
- 7.2.1 NATURAL: MARKET ESTIMATES & FORECAST, BY REGION, 2018-2032
7.3 SYNTHETIC
- 7.3.1 SYNTHETIC: MARKET ESTIMATES & FORECAST, BY REGION, 2018-2032

8 GLOBAL GEMSTONES MARKET, BY END USE

8.1 OVERVIEW
- 8.1.1 GLOBAL GEMSTONES MARKET ESTIMATES & FORECAST, BY END USE, 2018-2032
8.2 JEWELRY & ORNAMENTS
- 8.2.1 JEWELRY & ORNAMENTS: MARKET ESTIMATES & FORECAST, BY REGION, 2018-2032
8.3 LUXURY ARTS
- 8.3.1 LUXURY ARTS: MARKET ESTIMATES & FORECAST, BY REGION, 2018-2032

9 GLOBAL GEMSTONES MARKET, BY DISTRIBUTION CHANNEL

9.1 OVERVIEW
- 9.1.1 GLOBAL GEMSTONES MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2018-2032
9.2 STORE-BASED
- 9.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2018-2032
9.3 NON-STORE BASED
- 9.3.1 NON-STORE BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2018-2032

10 GLOBAL GEMSTONES MARKET, BY REGION

10.1 OVERVIEW
10.2 NORTH AMERICA
- 10.2.1 US
- 10.2.2 CANADA
- 10.2.3 MEXICO
10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.2 UK
- 10.3.3 FRANCE
- 10.3.4 SPAIN
- 10.3.5 ITALY
- 10.3.6 REST OF EUROPE
10.4 ASIA-PACIFIC
- 10.4.1 CHINA
- 10.4.2 JAPAN
- 10.4.3 INDIA
- 10.4.4 AUSTRALIA & NEW ZEALAND
- 10.4.5 THAILAND
- 10.4.6 SRI LANKA
- 10.4.7 HONG KONG
- 10.4.8 REST OF ASIA PACIFIC
10.5 SOUTH AMERICA
- 10.5.1 BRAZIL
- 10.5.2 ARGENTINA
- 10.5.3 REST OF SOUTH AMERICA
10.6 MIDDLE EAST & AFRICA
- 10.6.1 GCC COUNTRIES
- 10.6.2 TURKEY
- 10.6.3 NORTHERN AFRICA
- 10.6.4 SOUTHERN AFRICA

11 COMPETITIVE LANDSCAPE

11.1 INTRODUCTION
11.2 COMPETITION DASHBOARD
- 11.2.1 PRODUCT PORTFOLIO
- 11.2.2 REGIONAL PRESENCE
- 11.2.3 STRATEGIC ALLIANCES
- 11.2.4 INDUSTRY EXPERIENCES
11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.3.1 PRODUCT LAUNCH
- 11.3.2 ACQUISITION
- 11.3.3 EXPANSION/PARTNERSHIP

12 COMPANY PROFILES

12.1 GEMFIELDS GROUP LIMITED
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGIES
12.2 COLUMBIA GEM HOUSE, INC.
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGIES
12.3 KGK GROUP
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 KEY STRATEGIES
12.4 PALA INTERNATIONAL
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 KEY STRATEGIES
12.5 THE RARE GEMSTONE COMPANY
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 KEY STRATEGIES
12.6 GREENLAND RUBY
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGIES
12.7 FURA GEMS INC.
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 SWOT ANALYSIS
- 12.7.6 KEY STRATEGIES
12.8 MULLA GROUP
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 KEY STRATEGIES
12.9 MIF GEMS CO., LTD
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS OFFERED
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 KEY STRATEGIES
12.10 BLUE NILE INC.
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 KEY STRATEGIES
- 12.10.6 SWOT ANALYSIS

13 APPENDIX

13.1 REFERENCES
13.2 RELATED REPORTS