The global demand for Gemstone Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Gemstones are precious mineral components that are used to make jewellery and other sorts of ornamentation after being cut and polished. The majority of gemstones are naturally hard. Gemstones are also used to create décor and luxury art products such as hardstone carvings and antique jewels due to their beauty. Certain gemstones are also specifically treated to mimic the appearance of other precious gemstones. Imitation gemstones of this type are utilised in jewellery creation. These imitation gemstones include cubic zirconia and synthetic moissanite, which is a synthetic diamond imitation. Diamond, ruby, sapphire, emerald, alexandrite, and topaz are among the essential gemstones on the market.
Market Dynamics
Gemstones have a wide range of applications in jewellery manufacturing. The market for jewellery and stones has seen a considerable increase in the disposable income of individuals and an increase in the use of ornaments in ceremonies in Asian economies. In growing economies such as the Asia Pacific, consumers are gradually shifting away from traditional disorganised jewellery and toward organised branded products to protect themselves against counterfeit goods. Furthermore, increasing consumer knowledge of the benefits of shopping at organised retail through various promotional techniques and commercials has resulted in increased jewellery consumption, which has helped to the demand for gemstones in the Asia Pacific and other regions. Moreover, the increasing usage of diamonds as an individual feature for decorating is predicted to contribute to the increased use of gemstones. However, factors such as growing labour costs and inflation affecting jewellery pricing are likely to harm the growth of its raw resources such as gemstones.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of gemstone. The growth and trends of gemstone industry provide a holistic approach to this study.
Market Segmentation
This section of the gemstone market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Nature
By Type
By Product
- Diamond
- Jade
- Sapphire
- Ruby
- Emerald
- Others
By Application
- Astrology
- Jewellery And Ornaments
- Luxury Arts
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Gemstone market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Gemstone Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the gemstone market include Gem Diamonds Limited, Swarovski Group, Bric Jewels Co. Ltd., Jindal Gems Jaipur, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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