Press release
Future of the Certified Gemstones Market: Trends, Innovations, and Key Forecasts Through 2034
Certified Gemstones
Certified Gemstones Market Size Growth Forecast: What to Expect by 2025?
The certified gemstones industry has seen significant growth in recent years. From 2024 to 2025, the market size is forecasted to expand from $10 billion to $10.63 billion, indicating a compound annual growth rate (CAGR) of 6.3%. Several key factors have contributed to this strong growth seen in the historic period. These include a noticeable shift towards digital marketing methods and online sales channels, an increase in the popularity and production of lab-grown diamonds, the broadening scope of online retail, a rise in consumer wealth, and an increased demand for luxury items.
How Will the Certified Gemstones Market Size Evolve and Grow by 2029?
The expected size of the certified gemstones market is predicted to experience robust growth in the coming years, reaching a valuation of $13.41 billion in 2029 with a compound annual growth rate (CAGR) of 6.0%. Factors contributing to this expected growth in the forecast period include a rising interest in distinct accessories, an increase in disposable incomes fueling purchases, the escalation in gemstone investment, widening online gemstone sales avenues, and the growing popularity of colored gemstones in bridal and fashion jewelry. Key trends in the forecast period encompass digital transition and e-commerce expansion, moving towards sustainable and ethical sourcing, advancements in gemstone certification technology, the proliferation of online and digital sales channels, and increasing demand from emerging markets.
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What Drivers Are Propelling the Growth of Certified Gemstones Market Forward?
Expectations are high for the certified gemstone market due to an increased interest in ornament usage. As decorative pieces that elevate the visual appeal of jewelry, these non-operational accessories include elements of grace, beauty, and celebration. The rising ornament trend can be linked to changing fashion inclinations, social and cultural meanings, individual interpretation, economic improvement, manufacturing advancement, and successful promotional strategies. Certified gemstones bring assurance of authenticity and quality to jewelry, made possible through thorough analysis and bolstering market trust and investment value. For example, the Ministry of Commerce & Industry, a governmental agency based in India, revealed that the country's export of gems and jewelry heightened by 14.07% in December 2023, reaching $2.90 Billion from the prior $2.54 Billion in December 2022. Hence, the growing use of ornaments is a driving force behind the certified gemstone market's growth.
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Which Emerging Trends Are Transforming the Certified Gemstones Market in 2025?
Major players in the certified gemstones industry are leveraging artificial intelligence (AI) to develop report platforms for gemstones, aimed at increasing accessibility and reducing the cost of gemological certifications. These AI-based reports evaluate gemstone characteristics like color, clarity, weight, cut, and overall quality using AI algorithms. For instance, Gübelin Gem Lab, a Swiss lab specializing in gemstone testing and certification, unveiled an AI-powered gem report termed the Gem Passport in July 2024. The Gem Passport, driven by the AI tool Gemtelligence, provides key identification markers for unmounted rubies, emeralds, and blue sapphires up to 3 carats, including the species, country of origin, variety, and a simplified treatment report. The Gemtelligence tool, launched the previous year, streamlines the testing process by using AI algorithms to ascertain the origin and heat treatments of these gemstones, thereby minimizing the duration required for microscopic examination.
What Are the Key Segments in the Certified Gemstones Market?
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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Who Are the Key Players Shaping the Certified Gemstones Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth 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.
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