Editor’s Note
This analysis projects the global gemstone market to grow from USD 38.4 billion in 2026 to USD 72.8 billion by 2036, driven by investment demand, certified stones, and premiumization.
In 2025, the gemstone market was valued at approximately USD 36.0 billion. Based on Fact.MR analysis, the market is estimated to reach USD 38.4 billion in 2026 and USD 72.8 billion by 2036, expanding at a CAGR of 6.6% during the forecast period. Market progression reflects sustained demand for certified gemstones in fine jewelry, rising use of gemstones as alternative investment assets, and continued premiumization across diamond and colored stone categories.
The market adds roughly USD 36.8 billion in value over the forecast horizon, indicating strong compounding driven by value growth rather than pure volume expansion. Early period growth is supported by recovery in global jewelry retail and renewed consumer spending in premium segments. Mid period performance is influenced by increased traceability requirements, lab certification adoption, and branded gemstone sourcing by major jewelers. In the later years, value growth increasingly reflects investment driven demand for diamonds and colored stones, alongside higher realization from ethically sourced and origin certified gemstones.
South Korea leads growth at 7.2% CAGR, supported by rising luxury consumption and strong branded jewelry penetration. The United Kingdom follows at 6.9%, driven by demand for certified diamonds and colored gemstones in both jewelry and investment channels. Germany records 6.7% as high value craftsmanship and luxury retail sustain market expansion. The United States grows at 6.3%, anchored in bridal jewelry demand and growing interest in gemstone backed personal investment. Japan posts a relatively moderate 5.0%, reflecting mature consumer demand and stable replacement driven purchasing patterns.
The gemstone market covers the mining, cutting, grading, and trade of natural precious and semi-precious stones sold for jewelry and ornamental use. Gemstones are mineral crystals valued for color, clarity, hardness, and rarity. Supply begins with extraction and proceeds through processing and distribution to manufacturers and retailers. Market activity follows classifications and production reporting published by the US Geological Survey. Primary demand comes from jewelry fabrication, with secondary demand from collectors and ceremonial uses. Pricing reflects grading standards, origin, and treatment disclosure.
The gemstone market covers the mining, cutting, grading, and trade of natural precious and semi-precious stones used mainly in jewelry and ornamental applications, where value depends on grading, origin disclosure, and treatment transparency.
Certified gemstones support value preservation behavior among consumers and investors, with grading reports and origin disclosure guiding purchase decisions.
Jewelry consumption linked to weddings, gifting, and luxury retail sustains baseline demand, supported by consumer protection frameworks.
Global production reporting and classification by geological agencies reinforce pricing benchmarks and trade confidence.
Diamonds lead with about 45% share due to standardized grading, high resale familiarity, and strong bridal demand.
Jewelry and ornaments account for roughly 73% of total value, reflecting cultural and gifting use across regions.
