PUBLISHER: Market Research Future | PRODUCT CODE: 1536750
PUBLISHER: Market Research Future | PRODUCT CODE: 1536750
Global Certified Gemstones Market Research Report Information By Gemstones Type (Emerald, Pearl, Ruby, Sapphire, Other Gemstones), Category (Natural, Synthetic), By Distribution Channel (Store, Non-Store), By End-Users (Jewelry and Ornaments, Luxury Arts) And By Region (North America, Europe, Asia-Pacific, and Middle East and Africa, South America) - Forecast Till 2032
The Certified Gemstones Market was valued at USD 9992.1 million in 2023. The Certified Gemstones market is expected to increase from USD 10497.70 million in 2024 to USD 14951.25 million in 2032, with a compound yearly growth rate (CAGR) of 4.52% during the forecast period (2024-2032). The certified gemstones market is being driven internationally by client preferences for fashionable products, an increase in astrology usage, and expanding availability in a diverse range.
The gemstone market, historically reserved for royalty and collectors, has undergone a dramatic boom in recent years, fueled by the alluring interplay of timeless beauty and the erratic winds of fashion. Central to this problem is the powerful effect of client preferences, notably a predilection for contemporary products. Gemstones, which were originally appreciated simply for their inherent value, are today inextricably linked to external elements that influence their appeal. Bold runway statements, celebrity endorsements, and pop culture references have become powerful trendsetting forces, altering the landscape of the diamond business. Fashion trends, as demonstrated by high-profile events and embraced by style icons, have the potential to propel a certain diamond into the spotlight, influencing demand, prices, and even mining practices.
Celebrities, with their enormous influence, can turn a single photograph of a gemstone-adorned renowned figure into an overnight craze. Furthermore, films and television shows add to the cultural narrative surrounding gemstones, expanding their appeal beyond fashion circles and engaging new audiences.
Market Segment insights
Emerald, pearl, ruby, sapphire, and other gemstones are among the Certified Gemstones Market's segmentation by kind.
Natural and synthetic categories are used to segment the market.
The Certified Gemstones Market is segmented by Distribution Channel, which comprises Store-Based and Non-Store-Based.
End-user segments of the market include jewelry and decorations, as well as luxury arts.
Regional insights
North America is expected to keep its lead, with a predicted market value of $5,337.6 million in 2032, indicating a stable growth rate of 4.01%. This steady growth is being driven by the ongoing demand for certified gemstones in the North American market, notably in the field of jewelry and ornaments, where customers choose these precious stones.
Europe's market value is expected to reach $3,513.5 million in 2032, with a CAGR of 3.93%. The European market continues to grow steadily, demonstrating the persistent consumer interest in certified gemstones, which have a wide range of applications in luxury and artistic works.
Asia-Pacific appears as a significant growth driver, with a projected market value of $4,186.3 million in 2032 and a notable CAGR of 5.98%. The region's expanding prosperity, along with a growing appreciation for certified gemstones, drives this rapid expansion, positioning Asia-Pacific as a major player in the global market.
The Middle East and Africa region is expected to have a market value of $1,229.0 million by 2032, with a CAGR of 4.97%. This increase reflects a growing interest in certified gemstones in the region, fueled by cultural relevance and an expanding consumer base that understands the value and attraction of these precious stones.
The leading participants in the Certified Gemstones Market include Gemfields (UK), TanzaniteOne (Tanzania), Muzo Emeralds (Colombia), Gemporia (USA), and GemSelect (USA), among others.