Gemstones Global Market Report 2026

Gemstones are minerals or organic materials that occur naturally and are prized for their beauty, rarity, and durability. They form through a range of geological processes over millions of years, involving high pressure, temperature, and specific chemical elements. Primarily, gemstones are used in jewelry to enhance the beauty and elegance of rings, necklaces, bracelets, and other adornments.

The gemstone market includes products such as diamonds, emeralds, rubies, sapphires, alexandrites, and topazes, among others. Diamonds are especially valued for their unmatched brilliance, durability, and timeless appeal. The products can be categorized as natural or synthetic, and they are distributed through both store-based and non-store-based channels. Gemstones are utilized by various end users, including those in astrology, jewelry and ornaments, luxury arts, and more.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have influenced the gemstones market by increasing import costs for diamonds, rubies, sapphires, and other precious stones, impacting supply chains in asia-pacific, europe, and north america. Jewelry and luxury arts segments face price pressures, while store-based and non-store-based distribution channels experience procurement delays. On the positive side, tariffs have encouraged domestic gemstone sourcing, boosted local processing and polishing facilities, and supported investments in ethical and traceable gemstone supply chains.

The gemstones market research report is one of a series of new reports from The Business Research Company that provides gemstones market statistics, including gemstones industry global market size, regional shares, competitors with a gemstones market share, detailed gemstones market segments, market trends and opportunities, and any further data you may need to thrive in the gemstones industry. This gemstones market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The gemstones market size has grown strongly in recent years. It will grow from $32.96 billion in 2025 to $34.92 billion in 2026 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to growth in traditional jewelry market, increasing demand for precious stones in luxury arts, expansion of global jewelry retail stores, rising popularity of diamonds and colored gemstones, development of gemstone mining and processing operations.

The gemstones market size is expected to see strong growth in the next few years. It will grow to $44.25 billion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to growth in online jewelry platforms, increasing demand for synthetic and lab-grown gemstones, rising investments in ethical and sustainable sourcing, expansion of gemstone applications in luxury accessories, adoption of advanced gemstone cutting and polishing technologies. Major trends in the forecast period include rising adoption of lab-grown and synthetic gemstones, increasing use of gemstones in luxury jewelry and ornaments, expansion of online and e-commerce distribution channels, growing focus on traceability and ethical sourcing of gemstones, rising popularity of customized and personalized gemstone products.

The growing use of ornaments is expected to drive the expansion of the gemstone market in the coming years. Ornaments are decorative items that enhance personal appearance, convey cultural significance, and reflect social status. Their use is increasing due to rising disposable incomes, evolving fashion trends, and a greater desire for personal expression and cultural meaning in accessories. Gemstones are incorporated into ornaments to elevate the beauty and value of decorative pieces, with their unique colors, brilliance, and rarity making them highly sought after for personal adornment and cultural representation. For example, in February 2025, Eurostat, the Luxembourg-based official statistics office of the European Union, reported that jewellery production in the EU reached €4,363 ($5,119.26) million in 2023, marking a 1% increase from €4,321 ($5,069.98) million in 2022. Consequently, the rising use of ornaments is fueling growth in the gemstone market.

Key companies in the gemstone industry are increasingly adopting artificial intelligence (AI) technology to transform various facets of the sector. AI-powered tools are improving mining, grading, cutting, and sales processes, offering significant advantages in efficiency, accuracy, and customer satisfaction. For instance, in March 2024, Star Gems, a design and manufacturing company based in Georgia, introduced three advanced AI assistants-GemArt, JewelBot, and VoiceGem-to help jewelers streamline operations and improve customer engagement. GemArt is an advanced AI tool designed to create and refine jewelry designs based on user inputs and criteria. JewelBot is an AI assistant that generates various types of jewelry-related content quickly, including sales training materials, product information, and store manuals, ensuring jewelers have access to consistent and informative content. VoiceGem addresses language barriers in the global market by providing real-time speech translation, enabling jewelers to communicate effectively with international customers, thereby enhancing customer service and expanding market reach.

In May 2024, Richemont, a Switzerland-based company offering a broad selection of luxury goods and services, acquired Vhernier for an undisclosed amount. This acquisition aims to strategically strengthen Richemont's presence in the designer jewelry market. Vhernier, an Italy-based company, specializes in luxury jewelry and gemstones.

Major companies operating in the gemstones market report are Rio Tinto Group, Anglo American plc, Alrosa, Tiffany & Co., Debswana Diamond Company Limited, Swarovski AG, Petra Diamonds Limited, Gemfields Group Limited, Stornoway Diamond Corporation, Blue Nile Inc., Lucara Diamond Corp., Gem Diamonds Ltd., KGK Group, Rockwell Diamonds Inc., Trans Hex Group (Pty) Ltd, Fura Gems Inc., Arctic Star Exploration Corp., Jindal Gems Jaipur, Pala International Inc., Botswana Diamonds PLC, Bric Jewels Co. Ltd., Burgundy Diamond Mines Limited, Mountain Province Diamonds Inc., Pangolin Diamonds Corporation, Merlin Diamonds Limited

North America was the largest region in the gemstones market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gemstones market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the gemstones market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The gemstone market consists of sales of gemstone cabinet handles, gemstone clock faces, and gemstone door knobs. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Gemstones Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses gemstones market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for gemstones ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The gemstones market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: Diamond; Emerald; Ruby; Sapphire; Alexandrite; Topaz; Other Product Types
• 2) By Product Format: Natural; Synthetic
• 3) By Distribution: Store-Based; Non-Store-Based
• 4) By End User: Astrology; Jewelry And Ornaments; Luxury Arts; Other End Users
• Subsegments:
• 1) By Diamond: Natural Diamond; Synthetic Diamond
• 2) By Emerald: Natural Emerald; Synthetic Emerald
• 3) By Ruby: Natural Ruby; Synthetic Ruby
• 4) By Sapphire: Blue Sapphire; Pink Sapphire; Yellow Sapphire; Synthetic Sapphire
• 5) By Alexandrite: Natural Alexandrite; Synthetic Alexandrite
• 6) By Topaz: Blue Topaz; Imperial Topaz; Other Varieties Of Topaz
• 7) By Other Product Types: Amethyst; Aquamarine; Garnet; Opal; Peridot; Tourmaline
• Companies Mentioned: Rio Tinto Group; Anglo American plc; Alrosa; Tiffany & Co.; Debswana Diamond Company Limited; Swarovski AG; Petra Diamonds Limited; Gemfields Group Limited; Stornoway Diamond Corporation; Blue Nile Inc.; Lucara Diamond Corp.; Gem Diamonds Ltd.; KGK Group; Rockwell Diamonds Inc.; Trans Hex Group (Pty) Ltd; Fura Gems Inc.; Arctic Star Exploration Corp.; Jindal Gems Jaipur; Pala International Inc.; Botswana Diamonds PLC; Bric Jewels Co. Ltd.; Burgundy Diamond Mines Limited; Mountain Province Diamonds Inc.; Pangolin Diamonds Corporation; Merlin Diamonds Limited
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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