Editor’s Note
This article outlines the steady projected growth of the global gemstone and jewelry market, highlighting key figures and the sustained consumer demand driving the sector.
The global gemstone and jewelry market was valued at $0.37 billion in 2025 and is expected to reach $0.39 billion in 2026, and $0.41 billion in 2027. Over the long-term forecast period, the market is expected to grow steadily, reaching $0.59 billion by 2035, registering a compound annual growth rate (CAGR) of 4.7% from 2026 to 2035. Market growth is supported by sustained consumer demand for precious metals and gemstones, with gold maintaining a dominant share of about 40% and diamonds accounting for nearly 30% of the total market value. Women continue to generate nearly 75% of the overall demand, reflecting strong purchasing activity in the bridal, fashion, and luxury segments. Offline retail channels remain the primary sales avenue, contributing about 82-84% of global revenue, while the Asia-Pacific region leads the market with approximately a 45% share, supported by cultural affinities, rising disposable incomes, and a robust jewelry manufacturing ecosystem.
The US gemstone and jewelry market shows steady growth, accounting for about 16% of the global share. Diamonds account for nearly 60% of engagement ring sales in the US, while gold captures 25% of jewelry demand. Online channels account for 18% of total sales in the country, with women making nearly 70% of purchases. The growing interest in synthetic diamonds, which now account for 20% of diamond sales, highlights the shift towards sustainable and affordable alternatives in the US market.
Market Size:
Valued at $0.37 billion in 2025, expected to reach $0.39 billion in 2026 and $0.59 billion by 2035, with a CAGR of 4.7%.
Growth Drivers:
Gold holds 40%, diamonds 30%, women 75%, and offline retail accounts for 82% of global demand.
Trends:
Lab-grown diamonds 17-25%, online channels 16-18%, men’s jewelry 25-30%, platinum jewelry 12% of total sales.
Key Players:
Chow Tai Fook Jewelry, LVMH, Tiffany & Co., Rajesh Exports, Cartier, and more.
Regional Insights:
Asia-Pacific holds 45% of the gemstone and jewelry market, driven by cultural demand and retail expansion. North America follows with 25%, driven by luxury spending. Europe captures 20%, fueled by premium brands. The Middle East and Africa account for 10%, supported by gold dominance.
Challenges:
Raw material costs fluctuate 28-32%, offline dependency 82%, 40% of young consumers’ online preference does not match supply.
Industry Impact:
Premium jewelry 35%, fashion jewelry 30%, customization 22%, sustainable products preferred by 40% of consumers globally.
Recent Developments:
Retail expansion 12%, online growth 28%, lightweight gold product weight reduction 15%, 65% of Middle East demand focused on gold.
The gemstone and jewelry market continues to evolve through sustainability, digital expansion, and cultural influence. Synthetic diamonds account for nearly 20% of demand, online retail about 18%, and high-end creations represent over 30%. With a 45% market share in the Asia-Pacific region, traditions, fashion, and innovation collectively shape this market’s dynamic growth.
The gemstone and jewelry market is undergoing striking changes, with rings capturing about 33-34% of product demand and precious metals representing nearly 63% of material preferences, indicating the enduring popularity of classic adornments. Women continue to represent about 75% of end-user interest, while offline retail still dominates, contributing about 82-84% of sales. Geographically, Asia-Pacific holds nearly 39-60% of market share depending on segmentation focus, highlighting its strong regional influence. Furthermore, synthetic diamonds now account for about 17-25% of global diamond jewelry demand, with men’s jewelry becoming a notable segment, representing nearly 25-30% of consumer spending. Such trends underscore the blend of tradition and innovation shaping an ever-evolving luxury market.
OPPORTUNITY
Growth of Synthetic and Fashion-Oriented Jewelry
Synthetic diamonds now account for about 17-25% of diamond jewelry demand, reflecting a strong consumer shift towards sustainable and affordable alternatives. The men’s segment is expanding, capturing about 25-30% of spending, demonstrating growing inclusivity and diversification. These evolving preferences offer fertile ground for innovation and new offerings that resonate with younger, ethically-conscious consumers.
DRIVERS
Unwavering Asia-Pacific Dominance in Consumption
