Colored Gemstones Market is Anticipated to Have Industry Growth of 6.20 % through the End of 2028

The colored gemstones market is anticipated to expand at a market growth rate of 6.20% from 2021 to 2028, when it is projected to reach a value of USD 3,559.74 million. The Colored Gemstones Market study from Data Bridge Market Research offers analysis and insights into the numerous factors that are anticipated to be present throughout the course of the forecast period as well as their effects on market growth. The market for coloured gemstones is expanding more quickly due to rising urbanisation.

The term "coloured gems" describes a class of gemstones known as minerals that are appreciated for their beauty and rarity and are frequently found in crystalline forms, like jet and amber. Many coloured gems' dazzling hues, which are the result of impurities, are what attracts buyers. One of the colourful gemstone's distinctive features.

One of the key reasons fueling the growth of the coloured gemstones market is the increasing interest among millennials throughout the world in coloured gemstones. The increased usage of colourful gemstones in jewellery, decorations, and other accessories, as well as the appeal of many gemstones including opals, topaz, alexandrite, and tanzanite, are driving the market's expansion.

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Global Colored Gemstones Market Scope and Market Size

The colored gemstones market is segmented on the basis of product type, product format and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.    

On the basis of product type, the colored gemstones market is segmented into colored diamond, emerald, ruby, sapphire and others.
On the basis of product format, the colored gemstones market is segmented into natural and synthetic.

Colored Gemstones Market Country Level Analysis

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The countries covered in the global colored gemstones market is segmented into report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. 

North America dominates the colored gemstones market due to the establishment of trade associations and other non-profit institutes within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the rise in standard of living and education in the region.

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Competitive Landscape and Colored Gemstones Market Share Analysis

The major players covered in the colored gemstones market report are:

Gem Diamonds, SWAROVSKI, Bric Jewels Co. Ltd., Anglo American plc, Gemfields Group Limited, Petra Diamonds Limited, PJSC ALROSA, Rio Tinto, Debswana, Lucara Diamond, Botswana Diamonds PLC, Fura Gems INC., Pala International, KGK Group, Trans Hex Group, Arctic Star Exploration Corp., Blue Nile Inc., Tiffany & Co., STORNOWAY DIAMOND and MOUNTAIN DIAMONDS, and JINDAL GEMS JAIPUR, among other domestic and global players.

Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand.

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