Gemstone Market is projected to reach USD 53.2 million, Growth Strategies and Forecast to 2029 - Anglo American PLC, Gemfields Group Ltd., Petra Diamonds Limited

Exactitude Consultancy Market Research analyses that the Gemstone Market will witness a CAGR of 6.53% for the forecast period of 2023-2029 and is likely USD 8.08 billion in 2022 to reach at USD 53.2 million by 2029.

Gemstones are elements of minerals which when polished and cut are used for making jewelry and other ornaments, as well as for decoration purposes. Certain rocks or organic materials that are not considered as minerals are also consumed in making jewelry products and are hence considered to gemstones as well. While most of the gemstones are hard in nature, certain soft minerals are used in making jewelry owing to their luster and other properties exhibiting aesthetic value.

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Drivers 

Fashion designers who focus on developing novel jewelry products 
Manufacturers becoming vertically integrated in the development of gemstones and jewelry
Promotional strategies and Advertisements
A rise in the disposal Income of consumers

Restraints 

Rising labor charges

Prominent Key players of the Gemstone Market survey report:

Historical data available in the report elaborates on the development of the Gemstone on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - Anglo American PLC, Gemfields Group Ltd., Petra Diamonds Limited, Rockwell Diamonds Inc., Gem Diamonds Inc., Gem Inc., Gem Group, Rio Tinto Group, Rio Company (Pty) Group, Rio Group, Rio Diamonds Group, Rio Gems Inc.

Recent Developments

In November 2022, The House of Meraki x Gemfields J'aime collection was released after Gemfields announced their cooperation. Beautiful jewelry from the J'aime line is made entirely of emeralds from Zambia's Kagem mine.

In July 2022, Margery Hirschey, a New York-based designer, once more collaborated with Gemfields on a seductive new collection focused on rubies and motivated by the historic city of Barcelona. Mozambique rubies from Gemfields' Montepuez mine are the ideal addition to this style of ornamentation.

In May 2022, an exceptional pair of Mozambique rubies were introduced by Gemfields. The Gemfields' ruby auction included this remarkable pair of Mozambique rubies, measuring 61.50 carats in the uncut.

Gemstone Market Segmentation:

Gemstone Market by Type, 2023-2029, (USD Millions)

»  Diamond

»  Emerald

»  Ruby

»  Sapphire

»  Alexandrite

»  Topaz

Gemstone Market by End-Use, 2023-2029, (USD Millions)

»  Jewellery & Ornaments

»  Luxury Art

Gemstone Market by Product Format, 2023-2029, (USD Millions)

»  Natural

»  Synthetic

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the Gemstone Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Gemstone industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Gemstone industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Gemstone Market Research Report 2023-2029

1 Gemstone Market Overview

1.1 Product Overview and Scope of Gemstone

1.2 Gemstone Segment by Type (Product Category)

1.3 Global Gemstone market Segment by Application

1.4 Global Gemstone Market by Region (2023-2029)

1.4.1 Global Gemstone Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Gemstone (2023-2029)

1.5.1 Global Gemstone Revenue Status and Outlook (2023-2029)

1.5.2 Global Gemstone Capacity, Production Status and Outlook (2023-2029)

…

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✔ 24×7 customer service available to address client queries

✔ Highly efficient and experienced team of analysts striving to create top-quality reports

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