Gemstones Market Report 2026

The gemstones market size has grown strongly in recent years. It will grow from $32.96 billion in 2025 to $34.92 billion in 2026 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to growth in traditional jewelry market, increasing demand for precious stones in luxury arts, expansion of global jewelry retail stores, rising popularity of diamonds and colored gemstones, development of gemstone mining and processing operations.

The gemstones market size is expected to see strong growth in the next few years. It will grow to $44.25 billion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to growth in online jewelry platforms, increasing demand for synthetic and lab-grown gemstones, rising investments in ethical and sustainable sourcing, expansion of gemstone applications in luxury accessories, adoption of advanced gemstone cutting and polishing technologies. Major trends in the forecast period include rising adoption of lab-grown and synthetic gemstones, increasing use of gemstones in luxury jewelry and ornaments, expansion of online and e-commerce distribution channels, growing focus on traceability and ethical sourcing of gemstones, rising popularity of customized and personalized gemstone products.

The growing use of ornaments is expected to drive the expansion of the gemstone market in the coming years. Ornaments are decorative items that enhance personal appearance, convey cultural significance, and reflect social status. Their use is increasing due to rising disposable incomes, evolving fashion trends, and a greater desire for personal expression and cultural meaning in accessories. Gemstones are incorporated into ornaments to elevate the beauty and value of decorative pieces, with their unique colors, brilliance, and rarity making them highly sought after for personal adornment and cultural representation. For example, in February 2025, Eurostat, the Luxembourg-based official statistics office of the European Union, reported that jewellery production in the EU reached €4,363 ($5,119.26) million in 2023, marking a 1% increase from €4,321 ($5,069.98) million in 2022. Consequently, the rising use of ornaments is fueling growth in the gemstone market.

Key companies in the gemstone industry are increasingly adopting artificial intelligence (AI) technology to transform various facets of the sector. AI-powered tools are improving mining, grading, cutting, and sales processes, offering significant advantages in efficiency, accuracy, and customer satisfaction. For instance, in March 2024, Star Gems, a design and manufacturing company based in Georgia, introduced three advanced AI assistants - GemArt, JewelBot, and VoiceGem - to help jewelers streamline operations and improve customer engagement. GemArt is an advanced AI tool designed to create and refine jewelry designs based on user inputs and criteria. JewelBot is an AI assistant that generates various types of jewelry-related content quickly, including sales training materials, product information, and store manuals, ensuring jewelers have access to consistent and informative content. VoiceGem addresses language barriers in the global market by providing real-time speech translation, enabling jewelers to communicate effectively with international customers, thereby enhancing customer service and expanding market reach.

In May 2024, Richemont, a Switzerland-based company offering a broad selection of luxury goods and services, acquired Vhernier for an undisclosed amount. This acquisition aims to strategically strengthen Richemont's presence in the designer jewelry market. Vhernier, an Italy-based company, specializes in luxury jewelry and gemstones.

Major companies operating in the gemstones market report are Rio Tinto Group, Anglo American plc, Alrosa, Tiffany & Co., Debswana Diamond Company Limited, Swarovski AG, Petra Diamonds Limited, Gemfields Group Limited, Stornoway Diamond Corporation, Blue Nile Inc., Lucara Diamond Corp., Gem Diamonds Ltd., KGK Group, Rockwell Diamonds Inc., Trans Hex Group (Pty) Ltd, Fura Gems Inc., Arctic Star Exploration Corp., Jindal Gems Jaipur, Pala International Inc., Botswana Diamonds PLC, Bric Jewels Co. Ltd., Burgundy Diamond Mines Limited, Mountain Province Diamonds Inc., Pangolin Diamonds Corporation, Merlin Diamonds Limited.

North America was the largest region in the gemstones market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gemstones market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the gemstones market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The gemstone market consists of sales of gemstone cabinet handles, gemstone clock faces, and gemstone door knobs. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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