How Big Is the Gemstone Market | Growth & Insights 2031

Q: How big is the gemstone market?

The gemstone market was estimated at USD 35.9 billion in 2024 and is projected to reach USD 57.2 billion by 2031.

Q: What factors are driving the gemstone market?

Primary drivers include demand for personalized jewelry, colored stones, and ethically sourced gems.

Q: Who are the top companies in the gemstone market?

Major players of the market include Gemfields, KGK Group, GIA, and Sarine Technologies.

Q: What are some recent trends in the market?

Trends include lab-grown gemstones, blockchain certification, and the popularity of spiritual and wellness stones.

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.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6124

Publication Date: Jul 2025

What is the size of the Gemstone Market?

According to 6Wresearch internal database and industry insights, the Gemstone Market was estimated at USD 35.9 billion in 2024 and is projected to reach USD 57.2 billion by 2031, growing at a CAGR of 5.98% during the forecast period 2025–2031.

The growth of gemstone market is expected to grow in the coming years as the market is driven by several factors including the increasing demand for coloured stones, expansion of luxury and fashion accessories, and growing awareness of birthstones and wellness.

Key Growth Drivers of the Gemstone Market

Rising consumer interest in natural and exotic-coloured stones
Growing preference for personalized and spiritual jewellery
Increased disposable income in emerging economies
Popularity of birthstones and healing crystals
Expansion of online platforms selling certified gemstones

Gemstone Market Trends

Gemstone market is growing over the years as the demand for ethically sourced and traceable gemstones is rising. Further, the coloured stones like sapphire, emerald, and tourmaline are gaining popularity. Also, millennials and Gen Z are influencing market preferences with demand for custom, meaningful, and symbolic jewellery. Digital marketing and influencer-led promotions are reshaping consumer discovery and purchase behaviour. Further, the use of gemstone is diversifying beyond jewellery into wellness, interior décor, and fashion accessories.

Emerging Developments in the Gemstone Market

Some emerging developments are noticed in the gemstone market which include the adoption of blockchain technology for gemstone authentication and traceability. Other trends such as lab certification and origin tracking are becoming industry norms. Lab-created gemstones are gaining attention for affordability and environmental sustainability, especially in the fashion segment

AI is being used to automate gemstone grading and fraud detection across retail and wholesale channels. Now, companies started investing in transparency tools and educational campaigns to boost consumer confidence in gemstone purchases.