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Global Gemstones Market Size, Share, Growth, Analysis: By Nature: Natural, Synthetic; By Type: Precious, Semi-Precious; By Product: Diamond, Jade, Sapphire, Ruby, Emerald, Others; By Application: Astrology, Jewellery and Ornaments, Luxury Arts, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2028-2028
Global Gemstones Market Outlook
The global gemstones market is expected to grow at a CAGR of 6.1% in the forecast period of 2023-2028.
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The Asia Pacific to Provide Enhanced Growth Opportunities for the Expansion of the Gemstones Industry
The developed regions like North America and Europe are the significant regions in the global market for gemstones. The growth in the regions can be attributed to the high consumer purchasing power and the growing demand for precious gemstones. Meanwhile, the Asia Pacific is expected to be the emerging market for the product over the forecast period. The growing demand from emerging countries like China and India, owing to the rising disposable incomes and the increased usage of ornaments in ceremonies is supporting the market growth in the Asia Pacific. The expansion of the organised retail sector in the region owing to the growing consumer awareness and increased investments in marketing is also supporting the industry growth.
Gemstones: Market Segmentation
A gemstone refers to a precious or semi-precious stone, a piece of mineral crystal to be precise, which is widely used in cut and polished form to prepare jewellery. Some rocks or organic materials, that do not fall under the category of minerals, are also used for jewellery and, thus, are often considered as gemstones. The gemstones are known for their lustre and other properties, exhibiting an aesthetic value.
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Based on nature, the market is bifurcated into:
- Natural
- Synthetic
By type, the market is divided into:
- Precious
- Semi-Precious
On the basis of product, the industry is categorised into:
- Diamond
- Jade
- Sapphire
- Ruby
- Emerald
- Others
Based on application, the industry can be segmented into:
- Astrology
- Jewellery and Ornaments
- Luxury Arts
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Demand for Jewelleries and Ornaments to Bolster the Market Growth of Gemstones
The growing demand for jewelleries and ornaments is driving the growth of the gemstones industry. This scenario is further supported by the rising consumer disposable incomes and improving living standards, particularly in emerging nations. Moreover, the rising demand for coloured gemstones and the growing acceptance of gemstones in synthetic format owing to their affordable nature are also contributing to the industry growth.
Over the forecast period, the growing trend of customising gemstone jewellery designs is expected to aid the industry growth. The market will be supported by the innovation of new designs with the help of cutting-edge technologies like rapid prototyping (RP) and computer-aided design (CAD).
Key Industry Players in the Global Gemstones Market
The report gives a detailed analysis of the following key players in the global gemstones market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Gem Diamonds Limited
- Kiran Gems Private Limited
- Bric Jewels Co. Ltd.
- Gemfields Group Limited
- The Rare Gemstone Company
- PJSC ALROSA
- Fura Gems INC
- Debswana Diamond Company (Pty) Limited
- KGK Group
- Botswana Diamonds PLC
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Nature |
|
| Breakup by Type |
|
| Breakup by Product |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Gemstones Market Analysis
8.1 Key Industry Highlights
8.2 Global Gemstones Historical Market (2018-2022)
8.3 Global Gemstones Market Forecast (2023-2028)
8.4 Global Gemstones Market by Nature
8.4.1 Natural
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Synthetic
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Gemstones Market by Type
8.5.1 Precious
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Semi-Precious
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Gemstones Market by Product
8.6.1 Diamond
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Jade
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Sapphire
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Ruby
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Emerald
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Gemstones Market by Application
8.7.1 Astrology
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Jewellery and Ornaments
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Luxury Arts
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Global Gemstones Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Gemstones Market Analysis
9.1 Market by Nature
9.2 Market by Type
9.3 Market by Product
9.4 Market by Application
9.5 Market by Country
9.5.1 United States of America
9.5.1.1 Historical Trend (2018-2022)
9.5.1.2 Forecast Trend (2023-2028)
9.5.2 Canada
9.5.2.1 Historical Trend (2018-2022)
9.5.2.2 Forecast Trend (2023-2028)
10 Europe Gemstones Market Analysis
10.1 Market by Nature
10.2 Market by Type
10.3 Market by Product
10.4 Market by Application
10.5 Market by Country
10.5.1 United Kingdom
10.5.1.1 Historical Trend (2018-2022)
10.5.1.2 Forecast Trend (2023-2028)
10.5.2 Germany
10.5.2.1 Historical Trend (2018-2022)
10.5.2.2 Forecast Trend (2023-2028)
10.5.3 France
10.5.3.1 Historical Trend (2018-2022)
10.5.3.2 Forecast Trend (2023-2028)
10.5.4 Italy
10.5.4.1 Historical Trend (2018-2022)
10.5.4.2 Forecast Trend (2023-2028)
10.5.5 Others
11 Asia Pacific Gemstones Market Analysis
11.1 Market by Nature
11.2 Market by Type
11.3 Market by Product
11.4 Market by Application
11.5 Market by Country
11.5.1 China
11.5.1.1 Historical Trend (2018-2022)
11.5.1.2 Forecast Trend (2023-2028)
11.5.2 Japan
11.5.2.1 Historical Trend (2018-2022)
11.5.2.2 Forecast Trend (2023-2028)
11.5.3 India
11.5.3.1 Historical Trend (2018-2022)
11.5.3.2 Forecast Trend (2023-2028)
11.5.4 ASEAN
11.5.4.1 Historical Trend (2018-2022)
11.5.4.2 Forecast Trend (2023-2028)
11.5.5 South Korea
11.5.5.1 Historical Trend (2018-2022)
11.5.5.2 Forecast Trend (2023-2028)
11.5.6 Australia
11.5.6.1 Historical Trend (2018-2022)
11.5.6.2 Forecast Trend (2023-2028)
11.5.7 Others
12 Latin America Gemstones Market Analysis
12.1 Market by Nature
12.2 Market by Type
12.3 Market by Product
12.4 Market by Application
12.5 Market by Country
12.5.1 Brazil
12.5.1.1 Historical Trend (2018-2022)
12.5.1.2 Forecast Trend (2023-2028)
12.5.2 Argentina
12.5.2.1 Historical Trend (2018-2022)
12.5.2.2 Forecast Trend (2023-2028)
12.5.3 Mexico
12.5.3.1 Historical Trend (2018-2022)
12.5.3.2 Forecast Trend (2023-2028)
12.5.4 Others
13 Middle East and Africa Gemstones Market Analysis
13.1 Market by Nature
13.2 Market by Type
13.3 Market by Product
13.4 Market by Application
13.5 Market by Country
13.5.1 Saudi Arabia
13.5.1.1 Historical Trend (2018-2022)
13.5.1.2 Forecast Trend (2023-2028)
13.5.2 United Arab Emirates
13.5.2.1 Historical Trend (2018-2022)
13.5.2.2 Forecast Trend (2023-2028)
13.5.3 Nigeria
13.5.3.1 Historical Trend (2018-2022)
13.5.3.2 Forecast Trend (2023-2028)
13.5.4 South Africa
13.5.4.1 Historical Trend (2018-2022)
13.5.4.2 Forecast Trend (2023-2028)
13.5.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Gem Diamonds Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Kiran Gems Private Limited
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Bric Jewels Co. Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Gemfields Group Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 The Rare Gemstone Company
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 PJSC ALROSA
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Fura Gems INC
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Debswana Diamond Company (Pty) Limited
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 KGK Group
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Botswana Diamonds PLC
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Gemstones Market: Key Industry Highlights, 2018 and 2028
2. Global Gemstones Historical Market: Breakup by Nature (USD Million), 2018-2022
3. Global Gemstones Market Forecast: Breakup by Nature (USD Million), 2023-2028
4. Global Gemstones Historical Market: Breakup by Type (USD Million), 2018-2022
5. Global Gemstones Market Forecast: Breakup by Type (USD Million), 2023-2028
6. Global Gemstones Historical Market: Breakup by Product (USD Million), 2018-2022
7. Global Gemstones Market Forecast: Breakup by Product (USD Million), 2023-2028
8. Global Gemstones Historical Market: Breakup by Application (USD Million), 2018-2022
9. Global Gemstones Market Forecast: Breakup by Application (USD Million), 2023-2028
10. Global Gemstones Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Gemstones Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Gemstones Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Gemstones Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Gemstones Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Gemstones Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Gemstones Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Gemstones Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Gemstones Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Gemstones Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Gemstones Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Gemstones Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Gemstones Market Structure
Key Questions Answered in the Report
The global gemstones market is projected to grow at a CAGR of 6.1% between 2023 and 2028.
The major drivers of the industry, such as the escalating disposable incomes, rising living standards, increasing demand from the developing regions, demand for premium quality products, and the growing popularity of diamond and ruby, are expected to aid the market growth.
The key trends guiding the growth of the industry include the customisation of gemstone jewellery designs and the use of cutting-edge technology to deliver premium quality.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading nature types of gemstones in the market are natural and synthetic.
The major types of gemstones in the industry are precious and semi-precious.
The significant products of gemstones in the market are diamond, jade, sapphire, ruby, and emerald, among others.
The leading application segments in the industry are astrology, jewellery and ornaments, and luxury arts, among others.
The major players in the industry are Gem Diamonds Limited, Kiran Gems Private Limited, Bric Jewels Co. Ltd., Gemfields Group Limited, The Rare Gemstone Company, PJSC ALROSA, Fura Gems INC, Debswana Diamond Company (Pty) Limited, KGK Group, Botswana Diamonds PLC, among others.
Analyst Review
The global gemstones market is being driven by the rising living standards. Aided by the technological advancements, the market is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 6.1%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By nature, the market is divided into natural and synthetic. Based on type, the market is bifurcated into precious and semi-precious. On the basis of product, the industry is segmented into diamond, jade, sapphire, ruby, and emerald, among others. By application, the market can be divided into astrology, jewellery and ornaments, and luxury arts, among others. The major regional markets for gemstones are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Gem Diamonds Limited, Kiran Gems Private Limited, Bric Jewels Co. Ltd., Gemfields Group Limited, The Rare Gemstone Company, PJSC ALROSA, Fura Gems INC, Debswana Diamond Company (Pty) Limited, KGK Group, Botswana Diamonds PLC, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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