Press release
Gemstone Market to Reach USD 72.8 Billion by 2036 at 6.6% CAGR; South Korea Leads Country Growth at 7.2%, Japan Trails at 5.0%
Gemstone Market
Global Segment Leaders
• Product Type - Emeralds: 32.0% share. Emeralds lead product demand because scarcity, limited geographic supply, and strong value-to-weight characteristics support their premium positioning.
• Application - Jewelry & Ornaments: 78.0% share. The segment remains dominant due to the continued role of gemstones in bridal jewelry, gifting, cultural consumption, and status-oriented purchases.
• End Use - Jewelers: The report identifies jewelers as a core end-use category, although a specific percentage share is not disclosed on the supplied report page.
• Fastest-Growing Demand: Demand is identified as the fastest-growing segment, with a 6.6% CAGR, matching the overall market growth rate.
Get detailed market forecasts, competitive benchmarking, and pricing trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-9459
Country-Level Performance
• South Korea - 7.2% CAGR: Growth is supported by expanding luxury jewelry adoption among younger consumers and rapid adoption of both high-end natural gemstones and branded lab-grown alternatives.
• United Kingdom - 6.9% CAGR: The market benefits from the country's position as a global trading hub, resilient high-net-worth consumption, and growing demand for bespoke jewelry. The UK recorded USD 92.04 billion in import value in 2024.
• Germany - 6.7% CAGR: Demand is supported by a preference for certified stones, precision cutting, sustainability, and specialized cutters and polishers serving high-end jewelry markets.
• United States - 6.3% CAGR: The market remains a major global demand center, supported by a strong domestic consumption base and USD 25 billion in gemstone imports in 2023, according to the report.
• Japan - 5.0% CAGR: Growth is shaped by a mature consumer base prioritizing quality, heritage, certification, and provenance. UN Comtrade reported USD 15.15 billion in imports of pearls and precious stones in 2024.
Regional Context
South Korea represents the fastest-growing profiled market, with luxury goods adoption among younger consumers supported by technology-oriented retail infrastructure and expanding interest in both natural and branded lab-grown jewelry. The United Kingdom follows at 6.9%, supported by its established trading role, high-net-worth consumption, and bespoke jewelry market, although Gemfields reported challenging auction conditions during 2024.
Germany is projected to grow at 6.7%, with demand supported by certified sustainability, precision cutting, and specialized cutters and polishers. The United States records a 6.3% CAGR and remains a major volume center, supported by USD 25 billion in gemstone imports in 2023 and a strong bridal jewelry market. Japan is the slower-growing profiled market at 5.0%, reflecting a mature consumer base focused on quality, heritage, certification, and provenance.
The full report covers North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa, with five profiled countries: South Korea, the United Kingdom, Germany, the United States, and Japan.
Access detailed market insights: https://www.futuremarketinsights.com/reports/gemstones-market
Competitive Landscape
Key companies profiled in the gemstone market include Gem Diamonds Limited, Kiran Gems Private Limited, Gemfields Group Limited, PJSC ALROSA, Anglo American plc (De Beers Group), Pandora A/S, Brilliant Earth Group, Inc., Lucara Diamond Corp, Sarine Technologies, Fenix Diamonds, Guebelin Gem Lab Ltd, and Rio2 Limited.
Competition is increasingly centered on traceability, certification, supply-chain control, and direct consumer access. In August 2025, Gemfields sold the Fabergé luxury jewelry brand for USD 50 million, allowing the company to concentrate on its colored gemstone mining operations, particularly emeralds and rubies. In December 2025, GIA expanded origin determination services to opal, peridot, and demantoid garnet, with the expanded services taking effect Earlier, on June 2, 2025, GIA announced changes to its lab-grown diamond grading services, implemented October 1, 2025, introducing "Premium" and "Standard" descriptors and laser-inscribed girdles.
The market is also seeing greater competition from lab-grown stones and digital direct-to-consumer models. Pandora reported 87% growth in lab-grown diamond sales in Q1 2024, while De Beers reported USD 3.3 billion in revenue in 2024 despite a 23% decline.
Learn About the Methodology : https://www.futuremarketinsights.com/methodology
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a global market intelligence and consulting firm providing comprehensive market research, competitive intelligence, and strategic business insights across industries. The firm delivers detailed forecasts, technology analysis, and data-driven recommendations that support informed decision-making for manufacturers, investors, distributors, and policymakers worldwide.
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