How Are Emerging Markets Impacting the Global Gemstones Industry?
There is an increasing preference for natural, conflict-free stones, reflecting a broader shift toward sustainability in the jewelry industry.
The Gemstones Market was valued at USD 27.77 billion in 2023 and is projected to grow from USD 28.78 billion in 2024 to USD 42.5 billion by 2035, expanding at a CAGR of 3.61% during the forecast period (2025–2035).
The market is witnessing steady growth, driven by rising consumer demand for ethically sourced and unique gemstones. This trend presents a significant opportunity for suppliers who can ensure transparent and responsible sourcing practices. In addition, the growth of e-commerce is reshaping the retail landscape, allowing consumers easy access to a diverse selection of gemstones online. Notably, there is a growing inclination toward colored gemstones over traditional diamonds, as buyers seek to showcase individuality and personal style through customized jewelry.
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