Editor’s Note
This article provides a forecast for the global gemstone market, projecting significant growth from 2025 to 2035. It highlights key drivers, including rising demand for colored gemstones and innovations in jewelry design across luxury and artistic applications.
The gemstone market is likely to grow from USD 36,044.1 million in 2025 to USD 68,297.7 million by 2035, representing substantial growth and demonstrating the accelerating adoption of colored gemstones and the optimization of jewelry design across fine jewelry manufacturing, luxury art collections, and ornamental applications.
The gemstone supply chain operates through an intricate network that links mining regions, cutting hubs, and certification bodies to luxury brands and retailers. Africa, South America, and Asia continue to dominate global gemstone sourcing, with countries like Zambia, Mozambique, Colombia, and Sri Lanka providing a consistent supply of both precious and semi-precious stones. These regions are critical not only for natural gemstone mining but also for fostering initiatives that promote traceable and ethical extraction processes.
play an essential role in value addition, where precision and craftsmanship directly determine final market valuation. India, particularly Surat and Jaipur, remains the global leader in gemstone cutting and polishing, supported by advanced lapidary infrastructure. Thailand is recognized for its specialization in colored gemstones, while Belgium, particularly Antwerp, retains its dominance in high-end diamond cutting and global distribution networks.
are gaining prominence as consumer awareness and luxury brand accountability increase. Blockchain-based systems are being deployed to ensure mine-to-market transparency, eliminating the risk of conflict stones and fraudulent labeling. Responsible mining certifications, such as the Responsible Jewelry Council (RJC) and Fairmined standards, are being adopted as prerequisites for trade participation in high-value gemstone transactions.
marks a defining transformation in the supply structure. Technologies such as Chemical Vapor Deposition (CVD) and High-Pressure High-Temperature (HPHT) methods are enabling scalable, cost-effective, and traceable gemstone synthesis. These production models not only shorten the supply chain but also appeal to a segment of consumers seeking ethically produced, sustainable luxury products. As these synthetic processes achieve greater precision and color consistency, they are increasingly integrated into mainstream jewelry lines, signaling a long-term coexistence between mined and lab-grown gemstones in the global supply ecosystem.
Gemstone Market Value (2025): USD 36,044.1 million
Gemstone Market Forecast Value (2035): USD 68,297.7 million
Gemstone Market Forecast CAGR: 6.6%
Leading Product Type in Gemstone Market: Ruby
Key Growth Regions in Gemstone Market: East Asia, South Asia Pacific, and Western Europe
Top Key Players in Gemstone Market: Gem Diamonds Limited, Kiran Gems Private Limited, Gemfields Group Limited, PJSC ALROSA, Anglo American plc
The market demonstrates strong fundamentals with ruby capturing a dominant share through timeless appeal and investment value optimization. Jewelry and ornaments applications drive primary demand, supported by increasing luxury consumption and gemstone appreciation requirements. Geographic expansion remains concentrated in developed markets with established luxury goods infrastructure, while emerging economies show accelerating adoption rates driven by wealth creation initiatives and rising jewelry ownership standards.
