Global Colored Gemstones Market, By Product Type (Colored Diamond, Emerald, Ruby, Sapphire, Others), Product Format (Natural, Synthetic), End Use (Jewelry and Ornaments, Luxury Arts), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Colored Gemstones Market
The colored gemstones market is expected to witness market growth at a rate of 6.20% in the forecast period of 2021 to 2028 and is expected to reach the value of USD 3,559.74 million by 2028. Data Bridge Market Research report on Colored Gemstones Market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid urbanization is escalating the growth of colored gemstones market.
Colored gems refer to the type of gemstones that are minerals prized for their beauty and rarity, often in crystalline structures, such as jet and amber. Impurities in many colored gems cause the brilliant hue, which makes them sought after. One of the unique aspects of the colored gemstone sector is the particular characteristics of the jewels vary considerably by source.
The growing millennial attention towards colored gemstones across the globe acts as one of the major factors driving the growth of colored gemstones market. The rise in popularity of numerous gemstones such as opals, topaz, alexandrite, and tanzanite, and increase in use of colored gemstones in jewelry, ornaments, and other accessories accelerate the market growth. The high demand for colored stones over classic and standard gemstones in end-use sectors and industries such as jewelry and others claim, and penetration of artisanal and small-scale manufacturers further influence the market. Additionally, wide availability of products by huge brands, surge in the disposable income, changing lifestyles and rise in awareness regarding availability of colored gemstones positively affect the colored gemstones market. Furthermore, advancements in distribution networks and channels extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, lack of presence of standard labor and social practice, and environmental laws is expected to obstruct the market growth. Concerns regarding corrupt practices and internal conflicts are projected to challenge the colored gemstones market in the forecast period of 2021-2028.
This colored gemstones market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on colored gemstones market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Colored Gemstones Market Scope and Market Size
The colored gemstones market is segmented on the basis of product type, product format and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the colored gemstones market is segmented into colored diamond, emerald, ruby, sapphire and others.
- On the basis of product format, the colored gemstones market is segmented into natural and synthetic.
- On the basis of end use, the colored gemstones market is segmented into jewelry and ornaments, and luxury arts. Jewelry and ornaments are further segmented into bangles, necklaces, pendants, earrings, rings, anklets and brooches.
Colored Gemstones Market Country Level Analysis
The colored gemstones market is segmented on the basis of product type, product format and end use.
The countries covered in the global colored gemstones market is segmented into report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the colored gemstones market due to the establishment of trade associations and other non-profit institutes within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the rise in standard of living and education in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Colored Gemstones Market Share Analysis
The colored gemstones market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to colored gemstones market.
The major players covered in the colored gemstones market report are Gem Diamonds, SWAROVSKI, Bric Jewels Co. Ltd., Anglo American plc, Gemfields Group Limited, Petra Diamonds Limited, PJSC ALROSA, Rio Tinto, Debswana, Lucara Diamond, Botswana Diamonds PLC, Fura Gems INC., Pala International, KGK Group, Trans Hex Group, Arctic Star Exploration Corp., Blue Nile Inc., Tiffany & Co., STORNOWAY DIAMOND and MOUNTAIN DIAMONDS, and JINDAL GEMS JAIPUR, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand.
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