How Big Is the Gems and Jewellery Market | Forecast Analysis & Growth 2031

Q: How big is the gems and Jewellery market?

The gems and jeweller market was estimated at USD 349.7 billion in 2024 and is projected to reach USD 526.2 billion by 2031.

Q: What factors are driving the gems and Jewellery market?

Main drivers include rising incomes, online Jewellery shopping, and demand for ethically sourced and personalized items.

Q: Who are the top companies in the gems and Jewellery market?

Major players of the market include Tiffany & Co, Cartier, Signet Jewelers, and De Beers Group.

Q: What are some recent trends in the market?

Trends include lab-grown diamonds, AR try-ons, sustainable sourcing, and blockchain-enabled authenticity.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA6123

Publication Date: Jul 2025

What is the size of the Gems and Jewellery Market?

According to 6Wresearch internal database and industry insights, the Gems and Jewellery Market was estimated at USD 349.7 billion in 2024 and is projected to reach USD 526.2 billion by 2031, growing at a CAGR of 8.9% during the forecast period 2025–2031.

The gems and jewellery market are predicted for growth in the coming years as the market is driven by factors like rising disposable incomes, increasing demand for branded and certified jewellery, and the growing popularity of online retail platforms.

Key Growth Drivers of the Gems and Jewellery Market

Rising urbanization and consumer spending on luxury goods
Growing demand for branded and customized Jewellery
Expansion of online sales channels and virtual try-on tools
Increased popularity of lab-grown diamonds and ethical sourcing
Cultural significance of gold and gems in weddings and festivals

Gems and Jewellery Market Trends

Gems and jewellery market is moving forward with several trends such as lab-grown diamonds are becoming more accepted for affordability and sustainability. Further, the personalized Jewellery is attracting younger consumers especially female’s categories. Aside from these, brands are investing in AI-driven customization, AR-based try-ons, and blockchain for transparent gemstone traceability. Evolving fashion trends is one of the notable trends due to demand of personalized styles are driving the demand for diverse jewellery designs.

Emerging Developments in the Gems and Jewellery Market

There are numbers of developments in gems and jewellery market which include the rising focus on omnichannel strategies which are used to enhance consumer experience. The demand for gender-neutral designs is steadily increasing. Further, the sustainability is reshaping sourcing practices, with traceable supply chains and recycled materials gaining prominence. Together, all these trends are expanding the landscape of the market.