Discover trends, market shifts, and competitive outlooks for the certified gemstones industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Key Milestones in the Certified Gemstones Market’s Growth Trajectory From 2025 To 2034?

The size of the certified gemstones market has notably increased in the past few years. Its growth is projected to rise from $10 billion in 2024 to $10.63 billion in 2025, with a compounded annual growth rate (CAGR) of 6.3%. The historic expansion can be credited to a shift towards digital sales avenues and marketing tactics, the burgeoning market of lab-grown diamonds, the expansion of e-commerce, the increase in consumer wealth, and a growing demand for high-end products.

Growth in the certified gemstone market is predicted to be robust in the coming years, with an estimated worth of $13.41 billion by 2029, at a compound annual growth rate (CAGR) of 6.0%. Factors contributing to this growth during the forecasted period include a surge in demand for distinctive accessories, a rise in disposable income enabling purchases, an increase in gemstone investments, an expansion of online gemstone sales platforms, and increased favorability of colored gemstones in bridal and fashion jewelry. Key trends during this period include a shift towards digitization and e-commerce, a focus on sustainable and ethical sourcing, advancements in gemstone certification technology, the growth of online and digital sales avenues, and an increasing demand from burgeoning markets.

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What External and Internal Drivers Are Contributing to the Growth of the Certified Gemstones Market?

The certified gemstone market is expected to grow due to the increasing use of decorative accessories, also known as ornaments, in jewelry. These ornaments, while not functional per se, add an element of beauty, elegance or celebration and are becoming more popular. This rise in ornament use can be tied to changing fashion styles, social and cultural implications, personal expression, enhanced economic conditions, improvements in manufacturing and successful marketing campaigns. Certified gemstones, verified for their authenticity and quality, add value and confidence to the market through comprehensive examination and by increasing investment value. For example, data from Ministry of Commerce & Industry, an Indian governmental body, shows that India’s export of gems and jewelry increased by 14.07% reaching $2.90 Billion in December 2023, up from $2.54 Billion in December 2022. Therefore, it can be concluded that the certified gemstone market’s expansion is fueled by the increasing usage of ornaments in jewelry.

What Segment Types Define the Certified Gemstones Market Structure?

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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Which Geographic Areas Hold the Strongest Growth Potential 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.

What Key Market Trends and Innovations Are Shaping the Future of the Certified Gemstones Industry?

Key players in the certified gemstones market are leveraging artificial intelligence (AI) to develop gemstone report platforms that improve the affordability and accessibility of gemological certifications. These AI-generated gemstone assessments utilize AI algorithms to evaluate several attributes of gemstones, such as carat weight, clarity, color, cut, and overall quality. For example, in July 2024, Gübelin Gem Lab, a specialist gemstone analysis and certification lab based in Switzerland, unveiled an AI-enabled gem report known as the Gem Passport. Fueled by Gemtelligence, an AI tool, Gübelin’s Gem Passport provides crucial identifying details for unmounted blue sapphires, rubies, and emeralds up to 3 carats. This includes the country of origin, species, treatment report and variety. Gemtelligence, which was launched the previous year, utilizes AI algorithms to determine the origin and heat treatments of these gemstones, thereby expediting the testing process by minimizing the time dedicated to microscopic examination.

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What Is the Definition of the Certified Gemstones Market?

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.

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