PUBLISHER: The Business Research Company | PRODUCT CODE: 1707035
PUBLISHER: The Business Research Company | PRODUCT CODE: 1707035
Synthetic gemstones are artificially created versions of natural gems, having the same chemical compositions and optical characteristics. They are manufactured under controlled conditions to mimic natural processes, making them both affordable and ethically sourced. These gemstones are widely used in jewelry and industrial settings, offering a sustainable alternative to mined gems.
The primary types of synthetic gemstones include ruby, emerald, spinel, and others. Among them, synthetic ruby is particularly valued for its deep red hue, which is highly prized for its rarity and beauty. These gemstones are available through various distribution channels, both online and offline, and are utilized in a range of applications including jewelry and instruments.
The synthetic gemstone market research report is one of a series of new reports from The Business Research Company that provides synthetic gemstone market statistics, including synthetic gemstone industry global market size, regional shares, competitors with a synthetic gemstone market share, detailed synthetic gemstone market segments, market trends, and opportunities, and any further data you may need to thrive in the synthetic gemstone industry. This synthetic gemstone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The synthetic gemstone market size has grown steadily in recent years. It will grow from $23.36 billion in 2024 to $24.49 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to expanding the use of synthetic gemstones in jewelry, increasing marketing and branding efforts, initiatives promoting sustainable gemstone production, diversification of synthetic gemstone products, and rising supportive government policies.
The synthetic gemstone market size is expected to see steady growth in the next few years. It will grow to $29.18 billion in 2029 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to increasing demand for affordable luxury, rising environmental concerns, increasing preferences for customization and personalization, rising investment in research and development (R&D) activities, and rising e-commerce. Major trends in the forecast period include technological developments in gemstone synthesis, technological progress in gemstone cutting and polishing, the rising popularity of lab-grown diamonds, advanced production techniques, and innovations in hydrothermal synthesis.
The growth of the jewelry industry is expected to drive the expansion of the synthetic gemstone market in the future. The jewelry industry involves the creation, production, and sale of adornments such as rings, necklaces, and bracelets made from precious metals and gemstones. This growth is partly due to the increasing adoption of synthetic gemstones, which are valued for their ethical sourcing, cost-effectiveness, and consistent quality, meeting the rising consumer demand for sustainable and affordable luxury products. Synthetic gemstones play a key role in the jewelry industry by offering cost-effective, ethical, and high-quality alternatives to natural gemstones, driving innovation and allowing jewelers to fulfill diverse consumer needs while minimizing environmental impact. For example, according to the USGS Publications Warehouse, a US-based official government site, global diamond production in 2022 saw a slight increase compared to 2021. Thus, the growth of the jewelry industry is fueling the development of the synthetic gemstone market.
Major companies in the synthetic gemstone market are investing in innovative products to enhance performance and durability. One notable advancement is the development of polycrystalline diamond (PCD) by Hyperion Materials & Technologies. PCD is a synthetic diamond material composed of numerous small diamond-bonded grains known for their hardness, wear resistance, and thermal conductivity. Hyperion launched the P-Series PCD and U-Series PCD in November 2023, designed to deliver superior performance across a range of materials such as aluminum, copper, and carbon-fiber-reinforced polymers (CFRP). These products cater to industries requiring precise machining solutions and highlight the versatility and reliability of synthetic gemstones in industrial applications.
In August 2023, Emerald Jewel Industry India Limited, an India-based manufacturer specializing in synthetic gemstones, formed a partnership with Preciosa. This collaboration seeks to combine Emerald Jewel Industry's renowned craftsmanship with Preciosa's exceptional CZ color stones, enhancing the quality and variety of their jewelry collections. Together, the companies aim to introduce innovative and visually striking jewelry to the market. Preciosa Group, based in Czechia, is a manufacturer of high-quality crystal products.
Major companies operating in the synthetic gemstone market are Kyocera Corporation, Swarovski AG, Gemfields Group Limited, Gilson Inc., The Asha Company, RusGems, Charles & Colvard Ltd., R C Gems, Diamond Nexus Labs, Astro Gallery of Gems, Chatham Inc., BetterThanDiamond Inc., Biron Gems, Scio Diamond Technology Corporation, Karat Patch Inc., Gem World, KP Gems, Djeva, Vala Brothers, Aini Gems
North America was the largest region in the synthetic gemstone market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the synthetic gemstone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the synthetic gemstone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The synthetic gemstones market consists of sales of synthetic diamond, synthetic spinel, synthetic alexandrite, synthetic quartz, synthetic opal, synthetic moissanite, synthetic garnet, and synthetic turquoise. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Synthetic Gemstone Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on synthetic gemstone market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for synthetic gemstone ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The synthetic gemstone market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.