GEMSTONE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2026-2033)

Global Gemstone Market Size and Forecast – 2026 to 2033  

According to Coherent Market Insights, the global gemstone market is estimated to be valued at USD 36.86 Bn in 2026 and is expected to reach USD 58.04 Bn by 2033, expanding at a compound annual growth rate (CAGR) of 6.7% from 2026 to 2033.

Key Takeaways of the Gemstone Market

• The emerald segment is expected to capture 25.7% of the global gemstone market share in 2026.
• The jewelry & ornaments segment is projected to account for 67.8% of the gemstone market share in 2026.
• The Asia Pacific will dominate the gemstone market in 2026 with an estimated 45.3% share.
• North America is projected to experience the fastest market growth, capturing 21.5% share in 2026.

Market Overview

• Current market trends highlight a growing inclination towards ethically sourced and lab-grown gemstones, fueled by greater environmental awareness and sustainability concerns.
• Additionally, advancements in gemstone enhancement technologies and the popularity of personalized gems and jewelry are contributing to evolving consumer preferences.
• Digital platforms and e-commerce are also playing a significant role in expanding market reach, making gemstones more accessible to a broader audience worldwide.

Currents Events and Its Impacts

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Segmental Insights 

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Why Does Emerald Dominate the Gemstone Market?

Emerald segment is expected to hold 25.7% of the gemstone market share in 2026. This can be attributed to a combination of their unique physical characteristics, deep-rooted cultural significance, and rising consumer preference for timeless luxury. Emeralds, renowned for their vibrant green hue, have captivated gemstone enthusiasts for centuries, symbolizing rebirth, love, and prosperity. The emeralds with their bright green color have long been the joy of gem lovers since ancient times, and they are a symbol of renewal, love, and wealth. This inherent emotional and cultural brand has been a major support of the demand, especially to the collectors and the affluent consumers who require exclusivity and some sense in what they are buying.

For instance, the strong cultural symbolism of emeralds is evident in the high demand during significant life events, such as weddings or anniversaries. Notably, emeralds have been the gemstone of choice for many royal families and celebrities.

Jewelry & Ornaments Dominate the Global Gemstone Market

The jewelry & ornaments segment is projected to capture 67.8% of the global gemstone market share in 2026, driven by the perennial human desire for beauty, status, and self-expression. The use of gemstones as an adornment has always been part of the personal styling and cultural rites across the world and this timelessness leads to the continuous demand of gemstone jewelry. The fact that jewelry is the most serious use in the market is guaranteed by the universal applicability of embellished accessories.

The jewelry & ornaments segment has a major motivation by the emotional and symbolic value of the jewelry made of gemstones. Depending on the occasion that the occasion is celebrated (engagement, wedding, anniversary and cultural festivals), gemstones are not only used based on how they look but, on their capacity, to express emotions and culture. This strong attachment is the basis of a constant consumer-consumer involvement and the regular buying habit that helps grow the segment.

Regional Insights 

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Asia Pacific Gemstone Market Analysis and Trends

The Asia Pacific region is projected to lead the market with a 45.3% share in 2026, due to the strong ecosystem with heavy mining operations, well developed cutting and polishing industries, and rising consumer market. Traditional craftsmanship and local skills have been used to make countries such as India and Sri Lanka key processing centers of gemstones. The areas are even stronger in government efforts to promote exports and investment in the mining infrastructure.

Also, the availability of market leaders like Gemfields (based here), and local powerhouses like KGK Group in India, are also bringing a lot of stability and innovation to the market. The trading dynamics in the regions are advantageous in the sense that the intra-Asia trade agreements are coupled with high demand rates in China and Southeast Asia where exchange and value addition of the gemstones are made smooth.

North America Gemstone Market Analysis and Trends

The North America region is expected to exhibit the fastest growth in the market contributing 21.5% share in 2026, as a result of great consumer demand of quality gemstones and rising popularity of the jewels of luxury. The U.S. and Canada have been major players in the region, and the U.S. specifically enjoys the advantage of the established retail network and the high-income consumers.

Diamonds, emeralds, and sapphires have remained the key gemstones, and the increasing trend of ethical sourcing and synthetic stones is starting to change the market landscape. The U.S. based companies are also paying more attention to sustainability, sourcing as well as production, which is harmonized with the consumer preference to ethical sourcing. Canadian upscale jewelries and boutique shops are also increasing their presence by relying on e-commerce, exploiting new customer groups.

Global Gemstone Market Outlook for Key Countries

Is India the Emerging as the Global Growth Hub for the Gemstone Market??

India gemstone market performs well because the country is a processing powerhouse in the world especially in the cutting and polishing of gemstones and cities such as Jaipur have been identified to be the world capitals as far as gemstone knowledge is concerned. The labor market of countries is highly skilled in artisans and is based on the generation of the ecosystem of small- and medium-sized enterprises.

In addition, the government attempts to increase exports by introducing programs such as the Export Promotion Capital Goods (EPCG) and Gem & Jewelry Export Promotion Council (GJEPC) develop industries. KGK Group and Rosy Blue are well-known players that tend to take advantage of the Indias opportunities to satisfy the world needs and innovate in the production of synthetic gemstones.

China Gemstone Market Trends

China’s gemstone market is heavily influenced by its growing domestic luxury consumption and increasing interest in gemstone jewelry, both driven by rising disposable incomes and cultural affinity for colored stones. Government policies promoting the domestic gemstone and jewelry sector through subsidies and infrastructure development bolster manufacturing capacity. Chinese firms such as Chow Tai Fook and Luk Fook have become prominent global retailers, expanding their footprint beyond China and intensifying competition in the international gemstone trade. The country also benefits from a well-integrated supply chain, stretching from raw material imports to sophisticated retail networks.

Is the U.S. a Key Growth Driver for the Gemstone Market?

The U.S. will continue being a key player, mostly because it is a key end-market that has consumers shifting their tastes towards ethically sourced and certified gemstones. To high levels of quality and transparency, strict regulations on the trade, import compliance and verification of synthetic gems, are provided. The market leaders such as Tiffany & Co. and Blue Nile focus on traceability and sustainability, which fulfill the consumer demands. Also, the U.S. has major auction houses, including Sothebys and Christie, which stimulates the demand and investment appetite in rare and colored gemstones.

Tanzania Gemstone Market Trends

Tanzania stands out as a key African gemstone producer, with the tanzanite trade uniquely positioning it in the global market. The concerns of governments regarding the regulation of the mining processes and sources responsible contribute to the increase in the confidence of the investors and help to sustain the growth in the market.

TanzaniteOne and Tanzanite Foundation are companies that are on the forefront in streamlining supply chains and conducting educational programs on ethical mining activities. Also, collaboration with foreign purchasers and gematories make Tanzania maintain a bigger portion of the value chain, which leads to increased economic gains in the country.

U.A.E. Gemstone Market Trends

The U.A.E., specifically Dubai, acts as a strategic trading/polishing center in the connection between the supply of Africa and the world demand. The free zones set up by the government like the Dubai Multi Commodities Centre (DMCC) offer a competitive trade environment with efficient taxation, effective logistics support and effective legal safeguards.

The fluidity and transparency of the markets in Dubai are improved by the fact that there are global trading firms and auctioning sites. Such firms as Damas Jewelry, as well as private trading companies, are more successful in sourcing, certifying, and selling a variety of gemstones taking advantage of the fact that the U.A.E. is a leading luxury and wholesale market.

Supply Risk & Origin Concentration Score

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Market Players, Key Development, and Competitive Intelligence 

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Key Developments

• In November 2025, the Federal Ministry of Solid Minerals Development formally flagged off preparations for the Gold and Gemstone Conference and Exhibition, (GGCE 2025), with a renewed commitment to strengthen Nigeria’s position in the global gemstone and jewelry value chain.

Top Strategies Followed by Global Gemstone Market Players

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Market Report Scope 

Gemstone Market Dynamics 

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Gemstone Market Driver - Increasing Consumer Demand for Luxury and Premium Jewelry

The rising consumer tendency towards luxury and high-quality jewelry is a major driver to the upward trend in the global gem stone market. With the increase in the disposable incomes and change in the lifestyle, customers are starting to demand high quality and luxury jewelry pieces that reflect an image of status, sophistication and uniqueness. Being a part of the luxurious adornments, gemstones are profited directly by this change in attitude of the consumeristic manner, which leads to the increased interest in such rare and beautiful stones as diamonds, sapphires, emeralds and rubies. Furthermore, the social media and the impact of celebrities have contributed to the tendency to have a unique jewelry design, which makes consumers willing to spend on precious jewels and gems of high-quality craftsmanship and exclusivity.

For example, Tiffany Company has experienced a consistent growth in sales, especially due to beads of precious stones such as diamond and emeralds. The revenue of the brands related to the purchase of fine jewelry increased with the increase in interest of consumers towards rare gemstones which are mostly linked with status and exclusiveness.

Gemstone Market Opportunity - Rising Interest in Ethically Sourced and Sustainable Gemstones

The global gemstone market is witnessing a significant opportunity driven by the increasing consumer demand for ethically sourced and sustainable gemstones. With the increasing awareness of environmental impact and social responsibility, the consumers are increasingly concerned with the sources and supply chain transparency of the gemstones they buy.

Some of the factors contributing to this change include increased ethical consumerism, the improved availability of information using digital platforms, and the increased regulation of the mining process. In response, the market actors are implementing a traceability system such as blockchain and collaborating with recognized ethical mining bodies in order to be sure that the gemstones were mined without conflicts and in a humanitarian working environment.

For example, Chopard, a Swiss luxury brand of watch and jewelry has seized the opportunity to leverage the ethical and sustainable responsiveness of its clients by pledging to utilize 100 percent Fairmined gold and conscientiously mined diamonds. They are also working with World Diamond Council and this guarantees them conflict-free diamonds.

Analyst Opinion (Expert Opinion)

• The gemstone market is in the middle of a revival with increasing consumer demand to buy jewels of ethical origin and unusual styles. The International Gem and Jewelry Show (2023) and the Gem and Mineral Show (2022) have shed light on the latest developments and the companies that have been on the forefront to encourage traceability and sustainability in the sourcing of gemstones, with some companies, such as Gemfield and Tiffany and Co., taking the lead in this matter.
• The recent collaboration between Gemfields and the communities in Mozambique to support sustainable mining activities is an example of how the industry has been keen on conducting ethical sourcing activities as well as strengthening brand reputation. In these conferences the trend of using colored gems instead of traditional diamonds was discussed and it was a sign of changing inclination to individuality and expressing oneself in the jewelry worn. Issues like fluctuations in the market price of the raw materials and the constant necessity to educate the consumers on the quality of the gemstones were however listed as major setbacks.
• Businesses interested in being transparent in their supply chains and telling stories about their gemstone products will tend to be adopted. The development of the gemstone market will eventually depend on its capacity to be innovative and constantly adapt to the changing consumer needs of ethical and unique luxury products.

Market Segmentation

• Product Type Insights (Revenue, USD Bn, 2021 - 2033)
  • Emerald
  • Ruby
  • Opal
  • Sapphire
  • Spinel
  • Others
• Application Insights (Revenue, USD Bn, 2021 - 2033)
  • Jewelry & Ornaments
  • Luxury Art
• Regional Insights (Revenue, USD Bn, 2021 - 2033)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Gem Diamonds Limited
  • Kiran Gems Private Limited
  • Gemfields Group Limited
  • PJSC ALROSA
  • Anglo American plc
  • Petra Diamonds Limited
  • Colored Gemstones Group
  • Fura Gems Inc.
  • Gemesis Corporation
  • Chopard
  • Graff Diamonds
  • Harry Winston (Swatch Group)
  • Tiffany & Co. (LVMH)
  • Cartier (Richemont)

Sources

Primary Research Interviews

• CEO – Leading Gemstone Mining Company
• Supply Chain Director – Major Colored Gemstones Distributor
• ​Production Lead – Specialty Gemstone Cutting and Polishing Manufacturer
• Sustainability Officer – Gemstone Ethical Certification Authority

​Stakeholders

• Manufacturers
• End-use Sectors
  • Jewelry and Luxury Brands (Fine Jewelry, Fashion Accessories)
  • Collectibles and Investment Markets
  • Astrology and Spiritual Products
• Regulatory & Certification Bodies
• E-commerce Platforms and Retailers
• Technology Integration Players: Blockchain traceability providers and lab-grown gemstone producers

Databases

• UN Comtrade Database (HS 7103 Precious Stones)
• India Import Export (EXIM) Database (Gemstones and Jewelry)
• USGS Mineral Commodity Summaries (Gemstones and Precious Stones)
• Eurostat Trade Statistics for Pearls, Precious Stones, Metals

​Magazines

• InColor Magazine – Trends in colored gemstones mining and trade
• Gemstone Gazette – Global gemstone market dynamics
• Jewelry Outlook – Innovations in gemstone jewelry design
• Rapaport Diamond Report – Diamond and gemstone pricing trends

Journals

• Journal of Gemmology – Gemstone identification and durability
• Gems & Gemology (GIA) – Market analysis and synthetic gemstones
• Resources Policy – Global gemstone supply chain and mining economics
• Economic Geology – Gemstone deposit formation and extraction

Newspapers

• The Wall Street Journal – Luxury gemstone demand and auctions
• Business Standard (India) – Gemstone exports and Asia market growth
• Reuters – Price volatility in diamonds and colored stones
• Mining Journal – Ethical sourcing and supply disruptions

Associations

• International Colored Gemstone Association (ICA)
• International Gemological Institute (IGI)
• Gemological Institute of America (GIA Alumni Association)
• Responsible Jewelry Council (RJC)
• Confederation of Indian Industry (CII) Gems & Jewelry Council
• World Jewelry Confederation (CIBJO)

Public Domain Sources

• EPA – Guidelines for gemstone mining and environmental impact
• European Commission – REACH regulations on jewelry and gemstone accessories
• World Health Organization – Safety standards for gemstone dust exposure
• USGS – Gemstones trade assessments and production statistics
• OECD – Trade and sustainability reports for precious stones

Proprietary Elements

• CMI Data Analytics Tool
• Proprietary CMI Existing Repository of information for last 8 years.