Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Type (Precious stone, Semi- precious stone, Others), By Applications (Fashion, Astrology, Others), By Distribution Channel (Offline Retail, Online Retail) And Competitive Landscape
Product Code: ETC056863 | Publication Date: May 2021 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific Gemstones Market |
Forecast Period | 2025-2031 |
Market Size | USD 45 billion by 2031 |
CAGR | 6.8% |
Growing Sector | Offline Retail |
Asia Pacific Gemstones Market report thoroughly covers the market by type, application, distribution channel and countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific gemstones market was valued at US$ 30 billion in 2025 and is predicted to reach US$ 45 billion in 2031. This expansion is being driven by expanding demand for luxury items, increased consumer interest in gemstones as investments, and technological breakthroughs in mining and processing procedures throughout the region.
The Asia Pacific gemstones market has grown steadily over the years, owing to increased demand for luxury jewelry, investment in high-quality stones, and the advent of bespoke jewelry trends. With a burgeoning middle class and a growing preference for luxury gemstones, the industry is likely to continue its upward trend, creating considerable prospects for growth and investment.
According to 6Wresearch, Asia Pacific Gemstones Market size is expected to grow at a significant CAGR of 6.8% during 2025-2031. The Asia Pacific gemstones market is driven by rising consumer demand for jewelry and luxury items, influenced by growing disposable incomes and an increasing affinity for premium and aesthetically appealing products. The region's rich cultural traditions, which often incorporate gemstones in ceremonial and ornamental use, further fuel market growth. Additionally, expanding e-commerce channels and advancements in gemstone cutting and treatment technologies have enhanced the accessibility and desirability of these products, leading to the Asia Pacific Gemstones Market growth. However, the market faces challenges such as fluctuating gemstone prices due to supply constraints and the prevalence of synthetic alternatives, which can undermine the value of natural gemstones. Strict regulations concerning mining operations and environmental sustainability also pose hurdles for market players.
Several major trends are emerging in the Asia-Pacific gemstones industry. Online selling is growing in popularity as e-commerce platforms give consumers access to a wider variety of gemstones, making it convenient and accessible for both businesses and individual consumers. Furthermore, as customers place a higher value on gemstones obtained responsibly, the industry is being pushed into more socially and environmentally responsible processes for sustainability. Demand for diamonds with transparent sourcing and little environmental effect is being driven by this shift towards sustainability. These patterns show the path of the gemstones market in Asia Pacific, which is expected to continue expanding and changing.
The Asia Pacific gemstones market offers several investment opportunities for both individuals and companies. As demand for luxury items grows, high-quality diamonds have the potential to generate significant returns over time. Additionally, new investment opportunities are opened up by developments in mining and processing technology, which offer chances to profit from more sustainable and effective methods. Another layer of promise for investors is being added by emerging innovations like blockchain and digitalization for gemstone certification and traceability. Those who make early investments in technology and high-quality gemstones stand to gain greatly as the market grows and diversifies.
Key players in the Asia Pacific gemstones market include Richland Resources Ltd., a major player in the mining and processing of colored gemstones; China Stone Ltd., renowned for its extensive gemstone mining and trading operations; Blue Star Diamonds Pvt. Ltd., which specializes in high-quality diamonds and gemstones; Asian Star Company Ltd., a major manufacturer and exporter of fine jewelry and gemstones; and Gemfields PLC, a leading supplier of ethically sourced gemstones, especially emeralds.
In order to encourage the expansion of the gemstone market, some governments in the Asia Pacific area have put policies into place. The Gem &Jewellery Export Promotion Council (GJEPC) was founded in India to support small enterprises in the sector and promote exports, hence fostering the sector's expansion. In contrast, Vietnam has implemented tax breaks for gemstone mining firms in an effort to increase output and draw in foreign capital. These policies are intended to increase the region's competitiveness in the world market for gemstones, encourage sustainable business practices, and support the expansion of regional companies engaged in the mining, processing, and trading of gemstones.
The Asia Pacific gemstones market is anticipated to grow significantly in the future years, driven by increased demand from a variety of industries, including jewelry, electronics, and medicine. The use of gemstones sourced ethically is also being encouraged by rising consumer awareness of sustainability, which is driving market growth. Significant opportunities are being created for market participants by government programs including export promotion and tax advantages, as well as technological developments in mining and processing. These advancements put the Asia Pacific gemstones market in a strong position for the future by allowing companies to take advantage of the growing demand and support regional expansion.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6Wresearch,the Asia Pacific gemstones market is dominated by the offline retail industry. This is mostly because many still prefer to buy gemstones in person, where they can inspect them and verify their quality and authenticity before deciding to buy.
China dominates the Asia Pacific gemstones market, accounting for a sizable portion of the total market. This is explained by elements like rising disposable income and the nation's rising demand for luxury items.
The Asia Pacific Gemstones market report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Gemstones Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Gemstones Market Revenues & Volume, 2021 & 2031F |
3.3 Asia Pacific Gemstones Market - Industry Life Cycle |
3.4 Asia Pacific Gemstones Market - Porter's Five Forces |
3.5 Asia Pacific Gemstones Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Asia Pacific Gemstones Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Asia Pacific Gemstones Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.8 Asia Pacific Gemstones Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Asia Pacific Gemstones Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Gemstones Market Trends |
6 Asia Pacific Gemstones Market, 2021 - 2031 |
6.1 Asia Pacific Gemstones Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2 Asia Pacific Gemstones Market, Revenues & Volume, By Applications, 2021 - 2031 |
6.3 Asia Pacific Gemstones Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
7 China Gemstones Market, 2021 - 2031 |
7.1 China Gemstones Market, Revenues & Volume, By Type, 2021 - 2031 |
7.2 China Gemstones Market, Revenues & Volume, By Applications, 2021 - 2031 |
7.3 China Gemstones Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8 India Gemstones Market, 2021 - 2031 |
8.1 India Gemstones Market, Revenues & Volume, By Type, 2021 - 2031 |
8.2 India Gemstones Market, Revenues & Volume, By Applications, 2021 - 2031 |
8.3 India Gemstones Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
9 Japan Gemstones Market, 2021 - 2031 |
9.1 Japan Gemstones Market, Revenues & Volume, By Type, 2021 - 2031 |
9.2 Japan Gemstones Market, Revenues & Volume, By Applications, 2021 - 2031 |
9.3 Japan Gemstones Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
10 Australia Gemstones Market, 2021 - 2031 |
10.1 Australia Gemstones Market, Revenues & Volume, By Type, 2021 - 2031 |
10.2 Australia Gemstones Market, Revenues & Volume, By Applications, 2021 - 2031 |
10.3 Australia Gemstones Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
11 Indonesia Gemstones Market, 2021 - 2031 |
11.1 Indonesia Gemstones Market, Revenues & Volume, By Type, 2021 - 2031 |
11.2 Indonesia Gemstones Market, Revenues & Volume, By Applications, 2021 - 2031 |
11.3 Indonesia Gemstones Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
12 Philippines Gemstones Market, 2021 - 2031 |
12.1 Philippines Gemstones Market, Revenues & Volume, By Type, 2021 - 2031 |
12.2 Philippines Gemstones Market, Revenues & Volume, By Applications, 2021 - 2031 |
12.3 Philippines Gemstones Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
13 Thailand Gemstones Market, 2021 - 2031 |
13.1 Thailand Gemstones Market, Revenues & Volume, By Type, 2021 - 2031 |
13.2 Thailand Gemstones Market, Revenues & Volume, By Applications, 2021 - 2031 |
13.3 Thailand Gemstones Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
14 Malaysia Gemstones Market, 2021 - 2031 |
14.1 Malaysia Gemstones Market, Revenues & Volume, By Type, 2021 - 2031 |
14.2 Malaysia Gemstones Market, Revenues & Volume, By Applications, 2021 - 2031 |
14.3 Malaysia Gemstones Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
15 Singapore Gemstones Market, 2021 - 2031 |
16 Rest of Asia Gemstones Market, 2021 - 2031 |
16.1 Rest of Asia Gemstones Market, Revenues & Volume, By Type, 2021 - 2031 |
16.2 Rest of Asia Gemstones Market, Revenues & Volume, By Applications, 2021 - 2031 |
16.3 Rest of Asia Gemstones Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
17 Asia Pacific Gemstones Market Key Performance Indicators |
18 Asia Pacific Gemstones Market - Opportunity Assessment |
18.1 Asia Pacific Gemstones Market Opportunity Assessment, By Countries, 2021 & 2031F |
18.2 Asia Pacific Gemstones Market Opportunity Assessment, By Type, 2021 & 2031F |
18.3 Asia Pacific Gemstones Market Opportunity Assessment, By Applications, 2021 & 2031F |
18.4 Asia Pacific Gemstones Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
19 Asia Pacific Gemstones Market - Competitive Landscape |
19.1 Asia Pacific Gemstones Market Revenue Share, By Companies, 2024 |
19.2 Asia Pacific Gemstones Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |