The certified gemstones global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Certified Gemstones Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The certified gemstones market size has grown strongly in recent years. It will grow from $9.44 billion in 2023 to $10 billion in 2024 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to shift towards online sales channels and digital marketing strategies, growth of lab-grown diamonds, expansion of online retail, rising consumer affluence, and rising demand for luxury goods.
The certified gemstones market size is expected to see strong growth in the next few years. It will grow to $12.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing interest in unique accessories, growing disposable incomes drive purchases, rising in gemstone investment, expanding online gemstone sales platforms, and increasing popularity of colored gemstones in bridal and fashion jewelry. Major trends in the forecast period include digital transformation and e-commerce growth, shift towards sustainable and ethical sourcing, technological advancements in gemstone certification, expansion of online and digital sales channels, and increasing demand from emerging markets.
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Scope Of Certified Gemstones Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Certified Gemstones Market Overview
Market Drivers –
The surge in the use of ornaments is expected to propel the certified gemstone market’s growth going forward. Ornaments are decorative objects that are used to enhance the jewelry’s appearance. They are typically non-functional accessories that add beauty, grace, or festivity. The surge in the use of ornaments can be attributed to evolving fashion trends, cultural and social significance, personal expression, improved economic conditions, advancement in manufacturing, and effective marketing strategies. Certified gemstones enhance jewelry by ensuring authenticity and quality assurance through detailed analysis and increased market confidence and investment value. For instance, according to the Ministry of Commerce & Industry, an India-based government agency, India’s gems and jewelry exports in December 2023 improved by 14.07% to $2.90 Billion from $2.54 Billion in December 2022. Therefore, the surge in the use of ornaments is driving the certified gemstone market’s growth.
Market Trends –
Major companies operating in the certified gemstones market are developing artificial intelligence (AI)-powered gemstone report platforms to enhance the accessibility and affordability of gemological certifications. AI-powered gemstone reports are assessments of gemstones generated using artificial intelligence technology. These reports utilize AI algorithms to analyze various aspects of gemstones, such as their color, clarity, cut, carat weight, and overall quality. For instance, in July 2024, Gübelin Gem Lab, a Switzerland-based laboratory specializing in gemstone analysis and certification, launched an AI-powered gem report called the Gem Passport. Gübelin’s new Gem Passport, powered by the AI-based Gemtelligence tool, provides key identification features for unmounted emeralds, rubies, and blue sapphires up to 3 carats. It includes species, variety, country of origin, and a simplified treatment report. Gemtelligence, launched last year, uses AI algorithms to identify these gemstones’ origin and heat treatments, streamlining the testing process by reducing the time needed for microscopic assessment.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Certified Gemstones Market Report Structure
3. Certified Gemstones Market Trends And Strategies
4. Certified Gemstones Market – Macro Economic Scenario
5. Certified Gemstones Market Size And Growth
…..
27. Certified Gemstones Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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