Global Gemstone Market is valued at approximately USD 29.15 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period 2022-2028. Gemstone is a one-cut piece of mineral, that can be visualized as a precious or semi-precious stone often used in jewellery and ornaments, and also have some religious beliefs. Increase in disposable income, increase in demand for ornaments and jewellery in various ceremonies and increase in demand for colored gemstones, has driven the adoption of Gemstone across the projected period. For Instance: As per the reports of the Natural Resource Governance Institute, Colored gemstones have grown in popularity in recent years. Also, the incorporation of cutting-edge technologies like Rapid Prototyping (RP) and Computer-Aided Designing (CAD) during manufacturing is most likely to boost the overall growth of the Gemstone market. However, impact of increased labor cost on jewellery prices as well as inflation can obstruct the market's expansion over the projection period of 2022-2028.
The key regions considered for the Global Gemstone Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Consumer's interest and frequent purchases are driving the market growth in North America. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. The market is expected to grow during the projected period, due to increase disposable income and increase in demand for jewellery at weddings and other ceremonies.
Major market players included in this report are:
Gem Diamonds Limited
Swarovski Group
Bric Jewels Co. Ltd.
Jindal Gems Jaipur
Blue Nile
Gitanjali Gems Ltd.
Tiffany & Co.
Titan Gems
Zales CorporationKalyan Jewelers
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Gemstone Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
