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Belgium Gemstone Market Report and Forecast 2024-2032

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    Report

  • 132 Pages
  • November 2023
  • Region: Belgium
  • Expert Market Research
  • ID: 5912759
According to the report, the Belgium gemstone market is projected to grow at a CAGR of 2.5% between 2024 and 2032 reaching a value of around USD 3.73 billion by 2032. Aided by the country's rich history in diamond trading and the increasing global demand for precious stones, the market is expected to grow significantly by 2032.

Gemstones, a symbol of luxury, elegance, and cultural significance, have been intricately woven into Belgium's economic tapestry, especially in cities like Antwerp, which is often hailed as the 'Diamond Capital of the World'. The market comprises an extensive range of precious stones, including but not limited to diamonds, sapphires, emeralds, and rubies. These gemstones, characterised by their brilliance, rarity, and hardness, are not only used in jewellery but also play a pivotal role in investment portfolios and as collectors' items.

Belgium's reputation as a global hub for diamond trading and craftsmanship is a significant factor propelling the Belgium gemstone market growth. Antwerp, with its centuries-old diamond district, handles a vast majority of the world's rough diamonds, making Belgium a cornerstone in the global gemstone trade. The country’s strategic location, combined with its expertise in gemstone cutting, grading, and trading, has attracted businesses, traders, and customers from all corners of the world.

The evolving fashion industry and the rise in disposable incomes have further elevated the demand for gemstone-embellished jewellery. As consumers, both within Belgium and globally, lean towards personalised and unique jewellery pieces, gemstones offer the diversity and exclusivity they seek. This trend towards bespoke jewellery has, in turn, amplified the Belgium gemstone market demand.

Moreover, the investment aspect of gemstones cannot be overlooked. In an uncertain economic landscape, many investors are diversifying their portfolios by incorporating tangible assets like gemstones, which often appreciate in value over time. Belgium, with its established credibility in the gemstone domain, naturally becomes a focal point for such investments.

Digital transformation has also significantly impacted the Belgium gemstone market outlook. Online platforms and e-commerce channels have made it easier for traders to showcase their collections to a global audience. These digital avenues have demystified the once-exclusive world of gemstones, making them accessible to a broader consumer base and thereby expanding the market.

Market Segmentation

The market can be divided based on nature, type, product, and application.

Market Breakup by Nature

  • Natural
  • Synthetic

Market Breakup by Type

  • Precious
  • Semi-Precious

Market Breakup by Product

  • Diamond
  • Jade
  • Sapphire
  • Ruby
  • Emerald
  • Others

Market Breakup by Application

  • Astrology
  • Jewellery and Ornaments
  • Luxury Arts
  • Others

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Belgium gemstone market. Some of the major players explored in the report are as follows:
  • IGC Group
  • L'ODYSSEE
  • Sand Fredy BV - SandGems
  • Taché Group
  • DERS International
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Belgium
7 Opportunities and Challenges in the Market
8 Belgium Gemstone Market Analysis
8.1 Key Industry Highlights
8.2 Belgium Gemstone Historical Market (2018-2023)
8.3 Belgium Gemstone Market Forecast (2024-2032)
8.4 Belgium Gemstone Market by Nature
8.4.1 Natural
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Synthetic
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Belgium Gemstone Market by Type
8.5.1 Precious
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Semi-Precious
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Belgium Gemstone Market by Product
8.6.1 Diamond
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Jade
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Sapphire
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Ruby
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Emerald
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Belgium Gemstone Market by Application
8.7.1 Astrology
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Jewellery and Ornaments
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Luxury Arts
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
10 Competitive Landscape
10.1 Market Structure
10.2 Company Profiles
10.2.1 IGC Group
10.2.1.1 Company Overview
10.2.1.2 Product Portfolio
10.2.1.3 Demographic Reach and Achievements
10.2.1.4 Certifications
10.2.2 L'ODYSSEE
10.2.2.1 Company Overview
10.2.2.2 Product Portfolio
10.2.2.3 Demographic Reach and Achievements
10.2.2.4 Certifications
10.2.3 Sand Fredy BV - SandGems
10.2.3.1 Company Overview
10.2.3.2 Product Portfolio
10.2.3.3 Demographic Reach and Achievements
10.2.3.4 Certifications
10.2.4 Taché Group
10.2.4.1 Company Overview
10.2.4.2 Product Portfolio
10.2.4.3 Demographic Reach and Achievements
10.2.4.4 Certifications
10.2.5 DERS International
10.2.5.1 Company Overview
10.2.5.2 Product Portfolio
10.2.5.3 Demographic Reach and Achievements
10.2.5.4 Certifications
10.2.6 Others
11 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Belgium Gemstone Market: Key Industry Highlights, 2018 and 2032
2. Belgium Gemstone Historical Market: Breakup by Nature (USD Million), 2018-2023
3. Belgium Gemstone Market Forecast: Breakup by Nature (USD Million), 2024-2032
4. Belgium Gemstone Historical Market: Breakup by Type (USD Million), 2018-2023
5. Belgium Gemstone Market Forecast: Breakup by Type (USD Million), 2024-2032
6. Belgium Gemstone Historical Market: Breakup by Product (USD Million), 2018-2023
7. Belgium Gemstone Market Forecast: Breakup by Product (USD Million), 2024-2032
8. Belgium Gemstone Historical Market: Breakup by Application (USD Million), 2018-2023
9. Belgium Gemstone Market Forecast: Breakup by Application (USD Million), 2024-2032
10. Belgium Gemstone Market Structure

Companies Mentioned

  • IGC Group
  • L'ODYSSEE
  • Sand Fredy BV - SandGems
  • Taché Group
  • DERS International

Methodology

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