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Global Gemstones Market Report By Size, Share And Forecast To 2024-2033
Global Gemstones Market
As per the report, the gemstones market size has grown strongly in recent years. It will grow from $29.46 billion in 2023 to $31.32 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The gemstones market size is expected to see strong growth in the next few years. It will grow to $40.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
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What Is Driving The Growth Of The Global Gemstones Market?
Emerging Demand In Ornamental Use Driving Growth in the Gemstone Market
The rise in the use of ornaments is expected to propel the growth of the gemstone market going forward. Ornaments are decorative ornaments that improve personal appearance, impart cultural symbolism, and represent social standing. The use of ornaments is increasing with disposable incomes, changing fashion trends, and a growing desire for personal expression and cultural significance in accessories. Gemstones are used in ornaments to enhance the beauty and value of various decorative items. Its unique colors, brilliance, and rarity make them highly sought after for personal adornment and cultural expression.
What Is The Key Trend In The Global Gemstones Market?
Integration of AI Technology in Gemstone Market Innovations
Major companies operating in the gemstone market are increasingly turning to artificial intelligence (AI) technology to revolutionize various aspects of the industry. AI-powered tools in the gemstone market enhance mining, grading, cutting, and sales processes, bringing significant benefits in terms of efficiency, accuracy, and customer satisfaction.
How Is The Global Gemstones Market Segmented?
The gemstones market covered in this report is segmented -
1) By Product Type: Diamond, Emerald, Ruby, Sapphire, Alexandrite, Topaz, Other Product Types
2) By Product Format: Natural, Synthetic
3) By Distribution: Store-Based, Non-Store-Based
4) By End User: Astrology, Jewelry and Ornaments, Luxury Arts, Other End Users
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How Is The Competitive Landscape Of The Global Gemstones Market?
Major companies operating in the gemstones market are Rio Tinto Group, Anglo American plc, Alrosa, Tiffany & Co., Debswana Diamond Company Limited, Swarovski AG, Petra Diamonds Limited, Gemfields Group Limited, Stornoway Diamond Corporation, Blue Nile Inc., Lucara Diamond Corp., Gem Diamonds Ltd., KGK Group, Rockwell Diamonds Inc., Trans Hex Group (Pty) Ltd, Fura Gems Inc., Arctic Star Exploration Corp., Jindal Gems Jaipur, Pala International Inc., Botswana Diamonds PLC, Bric Jewels Co. Ltd., Burgundy Diamond Mines Limited, Mountain Province Diamonds Inc., Pangolin Diamonds Corporation, Merlin Diamonds Limited
Contents Of The Global Gemstones Market
1. Executive Summary
2. Gemstones Market Report Structure
3. Gemstones Market Trends And Strategies
4. Gemstones Market - Macro Economic Scenario
5. Gemstones Market Size And Growth
…..
27. Gemstones Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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