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Global Rough Ruby Market Share, Size, Analysis, Growth, Forecast: By Carat: Up to 8 Carat, 8-12 Carat, 13-15 Carat, Others; By Sales Channel: Direct Auction, Indirect, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2023-2028

Global Rough Ruby Market Outlook

The global rough ruby market size is expected to grow at a CAGR of 5.00% between 2023 and 2028, owing to the growing demand for ruby jewellery and ornaments.

 

Key Trends in the Market

Rough rubies are the uncut and unfaceted form of the ruby gemstone in which they were originally mined. A variation of aluminium oxide, ruby is a popular coloured gemstone, typically in shades of red. Rough ruby stones are found in the earth’s crust and are made under extreme pressure and heat, which compresses atoms of aluminium and oxygen in the presence of chromium to form rubies.

 

  • The rough ruby market is growing due to the rising demand for jewellery and decorations. The improved living standards and rising consumer disposable incomes, particularly in emerging economies, are further providing additional support to the market.
  • The growing trend of crystal collection is extending to rough rubies as well, with consumers investing in rough rubies as a collectors’ item. Believers of crystal healing also purchase rough rubies with an aim to improve their overall health and promote positivity.
  • In addition, the rapid rise in consumer belief in astrology along with increased use of rough rubies in astrology and fashion jewellery, are anticipated to create a number of opportunities that will fuel the expansion of the market for rough rubies over the course of the forecast period.
  • However, the market is anticipated to be significantly constrained by the ease with which counterfeit stones can be produced, as well as by the rise in labour costs and inflation.

 

Global Rough Ruby Market Analysis

Based on carat, the market can be segmented into up to 8 carat, 8-12 carat, and 13-15 carat, among others. On the basis of sales channel, the market is segmented into direct auction and indirect, among others. The regional markets for rough ruby can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

 

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. The report gives a detailed analysis of the following key players in the global rough ruby market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans. 

 

  • Gemfield Plc
  • Gem Bridge
  • Mwriti Limitada
  • FURA Gems
  • Gem Rock
  • Others

 

Market Share by Carat

Over the forecast period, the up to 8 carat segment is expected to witness significant growth in the rough ruby market. One carat-sized rubies are among the most frequently found, while over 2 carat rubies are rarer than sapphires of the same size and are worth substantially more. The rarity of rubies larger than three carats is even higher, resulting in a further increased cost. Rubies tend to develop in a shallow, tabular form, which due to which finding larger rich coloured rubies is rare. Multiple rubies of smaller sizes are commonly used in jewellery pieces as compared to singular larger rubies due to associated costs.

 

Market Share by Region

The Asia Pacific region is anticipated to emerge as a key market for rough rubies in the upcoming years. The market expansion in Asia Pacific is being supported by the rising demand from developing nations like China and India, due to rising disposable incomes and widespread popularity of gemstones in jewellery. Leading jewellery brands in the region are also experimenting with ruby-based offerings, thereby promoting the rough ruby market expansion in the region. Additionally, the market in Asia Pacific is being driven by an increase in demand for luxury jewellery, with women accounting for a significant consumer population for coloured gemstones and jewellery. Increasing disposable income among working women in countries like India is anticipated to increase the demand for rough ruby over the coming years.

 

Competitive Landscape

Gemfield Plc, a renowned provider of coloured gemstones from ethical sources, has its global headquarters in London in the United Kingdom. At its facility in Mozambique, Gemfields unveiled one of the most cutting-edge coloured gemstone sorting centres in the world, complete with advanced machinery such as optical sorting devices. The company has interests in emerald, amethyst, and pink tourmaline gemstones.

 

FURA Gems, established in 2017 is a mining and marketing firm for coloured gemstones with its main office in Dubai in the United Arab Emirates. Its emeralds, rubies, and sapphires are mined in Australia, Mozambique, and Colombia, respectively. In Colombia, Australia, and Mozambique, the company is involved in the purchase and exploration of coloured gemstone resources.

 

Gem Rock is an emerging company in the market for mining of coloured gemstones, and a subsidiary of Diacolor International DMCC. The company focuses on exploration, development, and mining of coloured gemstones. With an extensive presence in Mozambique since 2004 for ruby mining, the company has expanded to develop projects for gold, graphite, and emerald. 

 

Other market players include Gem Bridge and Mwriti Limitada, among others.

 

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:

  • Carat
  • Sales Channel
  • Region
Breakup by Carat
  • Up to 8 Carat
  • 8-12 Carat
  • 13-15 Carat
  • Others
Breakup by Sales Channel
  • Direct Auction
  • Indirect
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Gemfield Plc
  • Gem Bridge
  • Mwriti Limitada
  • FURA Gems
  • Gem Rock
  • Others

 

*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 Rough Ruby Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Rough Ruby Historical Market (2018-2022) 
    8.3    Global Rough Ruby Market Forecast (2023-2028)
    8.4    Global Rough Ruby Market by Carat
        8.4.1    Up to 8 Carat
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    8-12 Carat
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    13-15 Carat
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Rough Ruby Market by Sales Channel
        8.5.1    Direct Auction
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Indirect
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Others
    8.6    Global Rough Ruby Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Rough Ruby Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Rough Ruby Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Others
11    Asia Pacific Rough Ruby Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    Thailand
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Vietnam
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Rough Ruby Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Mexico
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Others
13    Middle East and Africa Rough Ruby Market Analysis
    13.1    Mozambique
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    Tanzania
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Kenya
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    South Africa
        13.5.1    Market Share
        13.5.2    Historical Trend (2018-2022) 
        13.5.3    Forecast Trend (2023-2028)
    13.6    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    Global Rough Ruby Foreign Trade Analysis
    15.1    Import By Top 10 Countries, Value & Volume, 2018-2022
    15.2    Export By Top 10 Countries, Value & Volume, 2018-2022
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Gemfield Plc
            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    Gem Bridge    
            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     Mwriti Limitada
            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    FURA Gems
            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    Gem Rock
            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    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Rough Ruby Market: Key Industry Highlights, 2018 and 2028
2.    Global Rough Ruby Historical Market: Breakup by Carat (USD Million), 2018-2022
3.    Global Rough Ruby Market Forecast: Breakup by Carat (USD Million), 2023-2028
4.    Global Rough Ruby Historical Market: Breakup by Sales Channel (USD Million), 2018-2022
5.    Global Rough Ruby Market Forecast: Breakup by Sales Channel (USD Million), 2023-2028
6.    Global Rough Ruby Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Rough Ruby Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Rough Ruby Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Rough Ruby Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Rough Ruby Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Rough Ruby Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Rough Ruby Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Rough Ruby Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Rough Ruby Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Rough Ruby Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Rough Ruby Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Rough Ruby Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Major Exporting Countries by Value
19.    Major Importing Countries by Value
20.    Major Exporting Countries by Volume
21.    Major Importing Countries by Volume
22.    Global Rough Ruby Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 5.00% between 2023 and 2028.

The major drivers of the market include the rising demand for jewellery and decorations featuring rubies and rising consumer disposable incomes.

The popularity of ruby stone in crystal healing, rapid rise in consumer belief in astrology, and growing demand of rough rubies in gemstone collections are the key trends propelling the growth of the market.

The major regions in the rough ruby market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Based on carat, the market can be segmented into up to 8 carat, 8-12 carat, and 13-15 carat, among others.

On the basis of sales channel, the market is segmented into direct auction, and indirect, among others.

The major players in the industry are Gemfield Plc, Gem Bridge, Mwriti Limitada, FURA Gems, and Gem Rock, among others.

The value of a raw ruby depends upon the clarity and carat, with raw rubies of fine quality estimated to be worth USD 1,000 per carat.

The hue of the finest rubies ranges from bright, pure red to slightly purplish red. In the majority of marketplaces, rubies with only red overtones sell for less money than those with orange and purple undertones.

Rubbing a rough ruby across a hard yet smooth surface such as glass can be an indication of authenticity as real rough rubies would not leave colour behind, whereas imitations may leave a colour residue.

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