Press release
Certified Gemstones Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Certified Gemstones Market Size
In recent years, the market size of certified gemstones has witnessed a robust growth. The market, which was valued at $10 billion in 2024, is expected to rise to $10.63 billion by 2025, exhibiting a compound annual growth rate (CAGR) of 6.3%. The historical growth has been driven by factors such as the transition to online sales platforms and digital marketing methods, the proliferation of lab-grown diamonds, the expansion of online retail, increasing consumer wealth, and growing demand for luxury goods.
The market size for certified gemstones is forecasted to undergo notable expansion in the coming years. With an anticipated compound annual growth rate (CAGR) of 6.0%, it is predicted to reach $13.41 billion in 2029. This expected growth in the forecast period can be related to factors such as the escalating interest in distinctive accessories, growth in disposable income leading to increased purchases, upward trend in gemstone investment, expansion of e-commerce platforms for gemstone sales, and the escalating popularity of colored gemstones used in bridal and fashion jewelry. Key trends forecasted include digital evolution and growth of e-commerce, a shift in emphasis towards sustainable and ethically sourced gemstones, technological progress in gemstone certification, broadening of online and digital sales networks, and a higher demand from developing markets.
What Is Driving the Growth Trajectory of the Certified Gemstones Market?
The increase in ornament usage is projected to drive the growth of the certified gemstone market. Decorative pieces or ornaments are typically used to amplify the aesthetic appeal of jewelry, contributing mainly to beauty, elegance, and celebration rather than functional purpose. Fashion shifts, cultural implications, personal style expression, improved economic circumstances, advancements in manufacturing processes, and successful marketing techniques are all factors contributing to the increase in ornament usage. Certified gemstones, through comprehensive study and assurance of quality and authenticity, amplify the appeal of the jewelry and bolster market trust and investment value. For example, India's gems and jewelry exports, as reported by the Ministry of Commerce & Industry, a government agency based in India, grew by 14.07% in December 2023, soaring to $2.90 billion from $2.54 billion in December 2022. Hence, the growing popularity of ornaments is largely responsible for the expansion of the certified gemstone market.
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Who Are the Major Industry Players Fueling Certified Gemstones Market Expansion?
Major companies operating in the certified gemstones market are Rio Tinto International Holdings Ltd, De Beers SA, Debswana Diamond Company Limited, Tiffany & Company, Graff Diamonds International Limited, Gemological Institute of America Inc., Petra Diamonds Limited, Blue Nile Inc., Lucara Diamond Corporation, Gem Diamonds, Gemfields Group Limited, Swarovski AG, KGK Group, ALROSA-Nyurba, Muzo International Ltd., Fura Gems Inc., Arctic Star Exploration Corp., Jindal Gems, Botswana Diamonds Plc, Pala International Inc., Leibish & Co Ltd, David Morris, GemSelect Limited
Which Key Developments Are Influencing the Certified Gemstones Market?
Dominant corporations in the certified gemstones market, such as Gübelin Gem Lab, are harnessing the power of artificial intelligence (AI) to develop gemstone report platforms. These platforms aim to increase the ease of access and cost-effectiveness of gemological certifications. AI-enabled gemstone reports provide evaluations of gemstones using a set of AI-based algorithms to examine various features like color, clarity, cut, carat weight, and overall effectiveness. In July 2024, the Switzerland-based gemstone laboratory, Gübelin Gem Lab, rolled out an AI-empowered gem report named the Gem Passport. The Gem Passport, backed by the AI-supported Gemtelligence tool, gives detailed identification attributes for unmounted emeralds, rubies, and blue sapphires up to 3 carats, including species, variety, origin country, and a simplified treatment report. Gemtelligence, which was introduced the previous year, employs AI algorithms to ascertain these gemstones' origin and heat treatments, making the testing process more efficient by cutting down the time needed for microscopic examination.
How Is the Segmentation of the Certified Gemstones Market Defined?
The certified gemstones market covered in this report is segmented -
1) By Gemstone Type: Emerald, Pearl, Ruby, Sapphire, Other Gemstones
2) By Gemstone Category: Natural, Synthetic
3) By Distribution Channel: Store, Non-Store
4) By End-User: Jewelry And Ornaments, Luxury Arts
Subsegments:
1) By Emerald: Natural Emeralds, Treated Emeralds
2) By Pearl: Natural Pearls, Cultured Pearls
3) By Ruby: Natural Rubies, Treated Rubies
4) By Sapphire: Natural Sapphires, Treated Sapphires
5) By Other Gemstones: Diamond, Aquamarine, Garnet, Topaz
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What Is the Leading Region in the Certified Gemstones Market?
North America was the largest region in the certified gemstones market in 2023. The regions covered in the certified gemstones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Certified Gemstones Global Market Report?
- Market Size Analysis: Analyze the Certified Gemstones Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Certified Gemstones Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Certified Gemstones Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Certified Gemstones Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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