Press release
Gemstone Certification Market size was valued at USD 34.40 Bn. in 2023 and the total Global Paper Products revenue is expected to grow at a CAGR of 5.9 percentage from 2024 to 2030
๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐๐ ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก:Gemstone Certification Market size was valued at USD 34.40 Bn. in 2023 and the total Global Paper Products revenue is expected to grow at a CAGR of 5.9 percentage from 2024 to 2030, reaching nearly USD 58.92 Bn. by 2030.
Gemstone Certification ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The Gemstone Certification Market, valued at USD 34.40 billion in 2023, is experiencing robust growth driven by increasing consumer awareness of gemstone purity and safety. This market, encompassing a wide variety of gems from traditional diamonds to lesser-known stones like citrine and morganite, is set to expand at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2030. As the demand for certified and ethically sourced gemstones rises globally, the market is expected to reach nearly USD 58.92 billion by 2030.
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๐๐ก๐๐ญ ๐๐ซ๐ Gemstone Certification ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ?
The Gemstone Certification Market is being propelled by a rising consumer focus on the authenticity and purity of gemstones, alongside the growing popularity of both traditional and lesser-known gemstones. Increased disposable incomes, particularly in developing regions, and the shift from unorganized to branded markets are key factors driving this growth. The surge in demand for colored gemstones and the expanding use of these stones in various forms of jewelry, coupled with heightened interest from younger consumers, are also significant contributors to the market's expansion.
What is Gemstone Certification Market Regional Insight?
The Gemstone Certification Market is particularly strong in North America, with the United States leading due to the presence of established trade associations and a growing consumer preference for certified, colored gemstones. The rise of e-commerce platforms is also enhancing market access. In China, rapid economic growth, an expanding middle class, and cultural factors are driving significant demand for luxury gemstones, particularly colored ones. This regional demand is bolstered by the increasing popularity of gemstone jewelry, including affordable engagement rings, contributing to the overall growth of the market.
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Segmentation Analysis of the Gemstone Certification Market
By Product Type
Diamond
Emerald
Ruby
Sapphire
Alexandrite
Topaz
Others
By End User
Jewellery & Ornaments
Bangles
Necklaces
Pendants
Earrings
Rings
Anklet
Brooches
Luxury Art
By Product Format
Natural
Synthetic
Who is the largest manufacturers of Gemstone Certification Market worldwide?
Pangem Enterprises & Pangem Testing Laboratory
Gemological Science International.
Gemological Institute of America (GIA) - Carlsbad, USA
American Gemological Laboratories (AGL) - New York, USA
International Gemological Institute (IGI) - Antwerp, Belgium
European Gemological Laboratory (EGL) - Antwerp, Belgium
SSEF Swiss Gemmological Institute - Basel, Switzerland
Gรผbelin Gem Lab - Lucerne, Switzerland
Gemological Science International (GSI) - New York, USA
Asian Institute of Gemological Sciences (AIGS) - Bangkok, Thailand
Gemmological Association of All Japan (GAAJ) - Tokyo, Japan
Gemological Institute of India (GII) - Mumbai, India
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Key Offerings:
Past Market Size and Competitive Landscape
Gemstone Certification Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Gemstone Certification Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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