“Rising Popularity of Colored Gemstones”
- There is a notable surge in demand for colored gemstones—such as emeralds, sapphires, and rubies—driven by evolving fashion trends, celebrity endorsements, and a consumer desire for unique, vibrant accessories that stand apart from traditional diamonds
- For instance, emeralds and sapphires led colored gemstone demand in 2024, representing approximately 58% of total demand, with India and China being major markets for both production and consumption, and high-profile auctions spotlighting rare colored gems
- The luxury and fine jewelry sector continues to elevate colored gemstone profiles, with brands and designers launching bespoke collections that cater to the rising appetite for distinctive, high-value pieces
- Laboratory-grown colored gemstones are gaining prominence, growing by 18% year-over-year in 2024, fueled by consumer demand for eco-friendly, affordable, and ethically sourced alternatives; these stones are increasingly found in premium and mass-market jewelry
- Technological advances in gemstone cutting, polishing, and setting are allowing new design possibilities and maximizing the color brilliance of both natural and lab-created gems, further stimulating consumer enthusiasm
- The expansion of online gemstone marketplaces and digital retail channels has made colored gemstones more accessible, offering buyers greater transparency, authenticity certification, and a wider selection than traditional retail
