The synthetic emerald market has experienced substantial growth recently, increasing from $2.48 billion in 2023 to $2.64 billion in 2024, with a compound annual growth rate (CAGR) of 6.6%. This growth can be attributed to advancements in hydrothermal processes and fluxes, rising demand for luxury items at more accessible prices, the expansion of the jewelry sector, and heightened awareness about environmental impacts. Looking ahead, the market is expected to continue its strong growth, reaching $3.42 billion by 2028 at a CAGR of 6.7%. This anticipated growth is driven by increasing disposable incomes, growing attitudes towards sustainability and ethical consumption, the expansion of online retail channels and e-commerce platforms, and rising consumer preference for ethically sourced products. Major trends in the forecast period include improvements in synthetic gemstones, digital marketing strategies, custom-designed emeralds, technological developments in gemstone synthesis, and integration with digital sales platforms.
The rise in online retail is expected to boost the growth of the synthetic emerald market. Online retail, which involves selling goods or services through digital platforms, offers convenience, a broad product range, and global accessibility, making it increasingly popular among consumers. This trend enhances the market reach and transparency of synthetic emeralds, making them more accessible and reliable to global consumers. For example, the United States Census Bureau reported that in the first quarter of 2024, U.S. retail e-commerce sales totaled $289.2 billion, a 2.1% increase compared to the fourth quarter of 2023. Thus, the growing significance of online retail is driving the expansion of the synthetic emerald market.
Get A Free Sample Of The Synthetic Emerald Market ReportThe synthetic emerald market covered in this report is segmented –
1) By Type: Yellow-Green Emerald, Blue-Green Emerald, Pure Green Emerald
2) By Product: Hydrothermal Method, Flux-Growth Method, Skull Melting Method, Czochralski Method, Floating Zone Method
3) By Application: Jewelry, Watches, Optical Instruments, Laser Applications, Collectibles
By Geography:The regions covered in the synthetic emerald 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 synthetic emerald market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Kimberly Emeralds, Kyocera Corporation, Swarovski Gemstones, Tiffany & Co, Harry Winston Inc., Fura Gems Inc., Tairus Created Gems Co. Ltd., Bellataire Diamonds, CaratCo, Chatham Inc, Fu Rong Gems, GEM & CRYSTAL CORP LTD, Hans Meevis, Inter-pacific Holdings Limited, Lechleitner, Lennix, Madestones, O'Neil Industries, The Rock Hound, Zerfass, Lannyte Gemstones
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A synthetic emerald is a lab-created gemstone that mimics the properties, appearance, and structure of natural emeralds. It offers an affordable alternative for use in jewelry while maintaining the same chemical composition and physical characteristics as natural emeralds.
Synthetic Emerald Global Market Report 2023 provides data on the global synthetic emerald market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The synthetic emerald market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.