About Gemstones
Gemstones are elements of the mineral used for making jewelry and another ornament. Gemstone plays a vital role in Vedic astrology which is increasing gemstone market. Gemstone also has application in making jewelry and as customers nowadays are more inclined towards branded jewelry than unauthorized jewelry hence gemstone market is booming. Further, fashion designers also opting for colored gemstone jewelry expected to drive the market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.6% |
The number of players is available in the existing gemstone market which will lead to fragmented competition amongst the existing players. Moreover, the emergence of new players in the global gemstones market will lead to increase the competitive rivalry. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Gemstones market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ALROSA (Switzerland), Blue Nile (United States), Tiffany & Co (United States), Diamcor Mining Inc (Canada), Zales Corporation (United States) and Gitanjali Gems Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are De Beers (United Kingdom) and Manihar Group Of Gems And Jewellery (India).
Segmentation Overview
AMA Research has segmented the market of Global Gemstones market by Type (Precious stone, Semi- precious stone and Others), Application (Fashion, Astrology and Others) and Region.
On the basis of geography, the market of Gemstones has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline Retail will boost the Gemstones market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption for Better Health as well as Married Life and Emergence in Fashion Jewelry
Market Growth Drivers:
Growing Television Marketing and Increasing Demand for Ultraviolet Gemstones from Fashion Industry
Challenges:
Growing Dominance of Local Players and Availability of Counter-lift Products
Restraints:
Stringent Government Regulations
Opportunities:
Increasing Adoption in Numerous Industries such as Astrology, Fashion Jewelry and Increasing Consumer Belief in Astrology
Market Leaders and their expansionary development strategies
In January 18, 2024, The Gemological Institute of America (GIA) and Chow Tai Fook Jewellery Group announce a partnership to launch a new educational program on colored gemstones.
In December 12, 2023, Lab-grown diamond company Lightbox unveils a new line of diamond jewelry set in recycled gold.
Key Target Audience
Gemstone Manufacturers, Gemstone Distributors and Traders, Fashion Industry, Jewelers, Astrologers, Government Agencies, Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.