Gemstone Market

Gemstone Market Overview

The report is titled as ‘Gemstone Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Gemstone market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

Gemstone Introduction

A gemstone is the name given to an organic substance, possibly some kind of mineral or other kinds of material, subsequent to the cutting and polishing and further it is developed in the form of jewelry or an accessory. Even though gemstones are typically developed from minerals, substances such as amber or jet or rocks like lapis lazuli are also sometimes utilized in the designing of gemstones. A major chunk of gemstones are typically hard to the touch but based on the piece of jewelry that is being developed, some soft minerals are also used in the making of gemstones. Gemstones are eclectic in their elegance and grandeur, and several are available in an appealing range of colors and shades. The majority of gemstones have minor charm in their crude state, as they may have the appearance of ordinary pebbles or rocks, but after a professional cutting and polishing the complete luster and color can be observed.

In general, gemstones with clear, intense, medium-tone, and saturated primary colors are most desirable and in demand. The gemstone market is gaining popularity from the past few years as consumers are largely attracted to innovative jewelry products and accessories, which is primarily boosting the demand of gemstones across the markets. Owing to which, the global gemstone market is projected to rise substantially over the years.

Gemstone Market Segmentation

The gemstone market is segmented on the basis of product format, product type, end-user, and region.

By Product Format

Natural

Synthetic

By Product Type

Diamond

Round Cut Diamonds

Cushion Cut Diamonds

Princess Cut Diamonds

Emerald Cut Diamonds

Others

Emerald

Ruby

Sapphire

Alexandrite

Topaz

Others

By End User

Jewellery & Ornaments

Bangles

Necklaces

Pendants

Earrings

Rings

Anklets

Brooches

Luxury Art

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Gemstone Market Key Players

Some of the key participating players in Gemstone market are:

Anglo American PLC

De Beers

Gemfields Group Ltd.

Petra Diamonds Limited

Rockwell Diamonds Inc.

Gem Diamonds Limited

PJSC ALROSA

Swarovski Group

Rio Tinto Diamonds

DebswanaDiamond Company (Pty) Limited

LucaraDiamond Corp.

Botswana Diamonds P.L.C

Fura Gems Inc.

Dominion Diamond Corporation

Mountain Province Diamonds Inc.

Pangolin Diamonds Corporation

Stornoway Diamond Corporation

Arctic Star Exploration Corp.

Trans Hex Group Ltd.

Merlin Diamonds Limited

KGK Group

Pala International Inc.

MIF Gems Co Ltd.

Greenland Ruby

Others (on Demand)

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product developments and launches

Gemstone Adoption Rate, by Application

Top Companies Historical Growth Rate

Pricing Impact

Impact of Regulations

Advantages of Gemstone

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.

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