The certified gemstones market size has grown strongly in recent years, increasing from $9.44 billion in 2023 to $10 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6%. This historical growth is driven by the shift towards online sales channels and digital marketing strategies, the growth of lab-grown diamonds, expansion of online retail, rising consumer affluence, and increasing demand for luxury goods. The market is expected to continue its strong growth, reaching $12.67 billion by 2028 at a CAGR of 6.1%. This growth is attributed to increasing interest in unique accessories, rising disposable incomes driving purchases, growing gemstone investment, expansion of online gemstone sales platforms, and the increasing popularity of colored gemstones in bridal and fashion jewelry. Major trends anticipated include digital transformation and e-commerce growth, a shift towards sustainable and ethical sourcing, technological advancements in gemstone certification, expansion of online and digital sales channels, and increasing demand from emerging markets.
Global Certified Gemstones Market Key Driver
The surge in the use of ornaments is expected to propel the growth of the certified gemstone market going forward. Ornaments, decorative objects that enhance jewelry's appearance, are increasingly popular due to evolving fashion trends, cultural significance, personal expression, economic improvement, advancements in manufacturing, and effective marketing strategies. Certified gemstones add value to jewelry by ensuring authenticity and quality through detailed analysis, boosting market confidence and investment value. For instance, the Ministry of Commerce & Industry in India reported that gems and jewelry exports improved by 14.07% to $2.90 billion in December 2023, up from $2.54 billion in December 2022. Thus, the surge in ornament use is driving the certified gemstone market's growth.
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Global Certified Gemstones Market Segments
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
By Geography:The regions covered in the certified gemstones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the certified gemstones market in 2023.
Major Certified Gemstones Industry Players
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
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Certified Gemstones Market Overview
Certified gemstones are valuable stones that have undergone examination and authentication by an established gemological authority. This certification process ensures that the gemstone's genuineness, quality, and attributes, such as size, hue, clarity, and shape, are accurately assessed. The certification includes a report that details the gemstone's properties and grading.
Certified Gemstones Global Market Report 2023 provides data on the global certified gemstones market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The certified gemstones market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
