Skip to main content

Gemstones Market Reflecting a CAGR of ~5% During the Forecast Period 2018 - 2026

Global demand for gemstones is envisaged to surge steadily over the course of coming years. Gemstones worth nearly US$ 22 billion were sold in 2018, as reported by a new research intelligence outlook of Future Market Insights (FMI). The global gemstones market revenues are likely to see moderate Y-o-Y growth of 4.4% in 2019.
Customization of Gemstones Jewelry & Ornaments Trending Rapidly
According to FMI’s report, nearly 85% of overall sales of gemstones is accounted by jewelry and ornaments, a majority of which is accounted by gemstone-studded rings. Customization of gems and jewelry has been trending since the recent past, which is creating high-potential growth opportunities for gemstones market players. The report suggests that a number of manufacturers and designers are exclusively focused on the development of innovative, customized gemstone jewelry designs by using cutting edge technologies such as rapid prototyping (RP) and computer-aided design (CAD). However, research also clearly points to steady growth in the rate of purchasing gemstones for luxury arts.
Diamond holds an approximate revenue share of 80% of overall gemstones sales and has been projected to remain the bestselling type of gemstones over the years to come. The report highlights promising growth in the demand for ruby, as indicated by the gemstones market forecast for the next few years. At present, more than 85% of gemstones that are sold are in synthetic format. The study opines that the versatile physical attributes and relatively lower price point of gemstones in the synthetic format will continue to position them as a preferred choice over natural gemstones.
Although low-end gemstones have been performing well in terms of sales over the recent past, high-end gemstones market will continue to nurture the premium consumer base. Consumers from emerging Asian economies will particularly prefer high-quality gemstones that are rare to collect and unique in designs. While this trend has originated from the constantly improving per-capita spending on lifestyle products, a sizable consumer population also reaffirms to adhere to budget constraints while selecting the type of gemstone.
Developed Regions Spearhead Global Gemstones Space, Asian Markets to Emerge Lucrative

North America, with over 1/3rd share of the global gemstones market value, will remain the preeminent region for investment, for manufacturers, designers, and marketers of gemstones. Moreover, according to the study, Europe also accounts for a considerably high value share in gemstones market – prominently owing to significant demand for diamond and precious gemstones jewelry.
Furthermore, Asia Pacific - the hub for some of the high-quality, finest gemstone finds, is cited as an important regional market for both, diamond and colored gemstones. FMI’s analysis points to China’s primacy in the APAC’s gemstones market, followed by India and Japan.
Competition Analysis: Gemstones Market Players
Supply of colored gemstones such as ruby, sapphire, emerald, and others is likely to remain fragmented, as colored gemstones has been defined as a small cottage industry. The number of players is high and the products range is wide. On the other side, the market for diamond is governed by a few large players, owning concentrated mine pockets.
A majority of leading companies operating in the global gemstones market landscape are strategizing on the expansion of mining, production, and processing capacities of gemstones. Several players in gemstones market are also focusing their developmental strategies on mining, manufacturing, and processing of diamond. The report has profiled some of the prominent companies active in global gemstones market, including Gem Diamonds Limited, Rockwell Diamonds Inc., Debswana Diamond Company (Pty) Limited, Swarovski Group, Petra Diamonds Limited, Botswana Diamonds P.L.C, Stornoway Diamond Corporation, Arctic Star Exploration Corp., KGK Group, and others.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Contact
Mr. Abhishek Budholiya
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
For Sales Enquiries: sales@futuremarketinsights.com

Comments

Post a Comment

Popular posts from this blog

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, ...
Post a Comment
Read more

Epilepsy Treatment Market Share and Growth Factors Impact Analysis 2032

 The Epilepsy Treatment Market is a critical segment of the healthcare industry dedicated to addressing the needs of individuals suffering from epilepsy, a neurological disorder characterized by recurrent seizures. Epilepsy affects millions of people globally, making it a significant public health concern. The market encompasses a wide range of treatment options, including antiepileptic drugs (AEDs), surgery, and various non-pharmacological approaches. One of the primary drivers of the epilepsy treatment market is the continuous development of novel and more effective antiepileptic medications. Pharmaceutical companies are investing in research and development to create AEDs with improved efficacy, fewer side effects, and better patient compliance. These advancements have provided patients with a broader selection of treatment options, enhancing their quality of life and reducing the frequency and intensity of seizures. Surgical interventions, such as resective surg...
Post a Comment
Read more

Lane Departure Warning (LDW) Market to Witness a Healthy Growth by 2032

  Lane Departure Warning Market to Grow by 2X Amid Surging Adoption of Safety Systems in Passenger Vehicles Over the forecast period of 2022-2032, the  lane departure warning (LDW) market  is expected to grow at a CAGR of  9.7% , reaching  US$ 12.9 Bn  by 2032. All vehicles have sensors, and despite being well-equipped with mirrors, they have poor visibility, resulting in road accidents. As a result, all heavy-duty manufacturers are required to install LDW,. This is expected to augment sales in the market. Automobile manufacturers are subjected to stringent passenger safety regulations imposed by various government bodies around the world. Expansion of the automotive sector, rising initiatives to promote the adoption of advanced technologies, and the development of structured safety features will continue pushing sales of LDW over the forecast period. Further, rising demand for premium and luxurious features in vehicles in emerging economies will create opp...
Post a Comment
Read more