- Gemstones are naturally occurring or synthetically created minerals or rocks that are cut and polished for use in jewelry, ornaments, astrology, and investment. They include a wide range of types such as diamonds, rubies, emeralds, sapphires, and semi-precious stones, each valued for their rarity, color, and symbolic significance
- The demand for gemstones is primarily driven by their cultural and spiritual relevance, increasing popularity in fashion and personalized accessories, and growing adoption of lab-grown alternatives among ethically and environmentally conscious consumers
- North America dominated gemstones market with a share of 36.59% in 2024, due to a strong demand for high-quality natural and precious stones in the luxury jewelry sector
- Asia-Pacific is expected to be the fastest growing region in the gemstones market during the forecast period due to increasing affluence, urbanization, and cultural significance of gemstones in countries such as China, India, and Japan
- Natural segment dominated the market with a market share of 67.9% in 2024, due to the enduring value, rarity, and cultural significance of naturally occurring gemstones. High demand from the jewelry industry and collectors continues to bolster this segment, especially for traditionally revered stones such as diamonds, rubies, and emeralds. The appeal of authenticity, unique inclusions, and traceable origin has further enhanced the desirability of natural gemstones in both retail and auction markets
