What Has Been the Progress and Growth of the Certified Gemstones Market in Recent Years?
The certified gemstones market has seen considerable growth due to a variety of factors.
• The certified gemstones market has experienced substantial growth in recent years. It is projected to increase from $10 billion in 2024 to $10.63 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
The market's growth is attributed to the rise of online sales and digital marketing, the growth of lab-grown diamonds, the expansion of online retail, increasing consumer wealth, and a higher demand for luxury goods.
What Can Be Expected from the Certified Gemstones Market Size?
The certified gemstones market is expected to maintain its strong growth trajectory in upcoming years.
• The certified gemstones market is projected to reach $13.41 billion by 2029 with a CAGR of 6.0%.
Growth drivers include rising interest in unique accessories, gemstone investments, and expanding online sales platforms. Key trends in this market include a shift towards sustainable sourcing, advancements in gemstone certification technologies, and the growing demand for colored gemstones in bridal and fashion jewelry.
What Are the Critical Driver Fuelling The Certified Gemstones Market's Growth?
The surge in ornament use is expected to drive the growth of the certified gemstone market. Ornaments are gaining popularity due to changing fashion trends, social influences, and improved economic conditions. Certified gemstones add value to jewelry by ensuring authenticity and quality. The Ministry of Commerce & Industry in India reported a 14.07% increase in gemstone and jewelry exports in December 2023. This demand is driving the certified gemstone market.
How Is The Certified Gemstones Market segmented?
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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How Are New Trends Impacting The Size Of The Certified Gemstones Market?
Companies in the certified gemstones market are creating AI-powered gemstone report platforms to improve the accessibility and affordability of gemological certifications. These AI-based reports analyze gemstones based on factors like color, clarity, cut, carat weight, and overall quality. For example, in July 2024, Gübelin Gem Lab, a Swiss laboratory, introduced the Gem Passport, powered by the Gemtelligence tool. This AI-driven report identifies key characteristics of unmounted emeralds, rubies, and blue sapphires up to 3 carats, including species, variety, country of origin, and treatment details. The Gemtelligence tool also streamlines the testing process by reducing the time required for microscopic assessments through AI algorithms that identify gemstone origin and heat treatments.
Who Are the Key Players In The Certified Gemstones Market?
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 Is The Most Dominant 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.
