Emerald Jewelry Market Report 2024

The emerald jewelry market size has grown strongly in recent years. It will grow from $2.6 billion in 2023 to $2.5 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth observed during the historic period can be attributed to several factors, new mining discoveries, patronage from royalty and aristocracy, cultural and religious significance, advancements in gem cutting technology, and the development of international trade routes.

The emerald jewelry market size is expected to see strong growth in the next few years. It will grow to $3.18 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth during the forecast period can be attributed to several factors, celebrity endorsements and influencer marketing, increasing consumer preference for sustainable and ethically sourced gemstones, the expansion of online retail and e-commerce platforms, innovative designs and customization options, and rising disposable incomes in emerging markets. Key trends expected to shape the period include the integration of smart jewelry, the use of blockchain for provenance tracking, augmented reality (AR) for virtual try-ons, 3D printing for custom designs, and advancements in nanotechnology for enhanced gemstone treatments.

The growing demand for luxury jewelry products is expected to boost the growth of the emerald jewelry market. Luxury jewelry is characterized by high-quality craftsmanship, precious materials, and exclusive designs, often symbolizing status and elegance. Emerald jewelry, known for its vibrant green hue and rarity, is a popular choice in luxury segments due to its association with sophistication and exclusivity. For example, the Hong Kong Trade Development Council reported in February 2024 that precious jewelry exports rose to HK $87.75 billion ($11,238.52 million) in 2023, up from HK $74.01 billion ($9,479.12 million) in 2021. This trend highlights the increasing demand for luxury jewelry and drives the growth of the emerald jewelry market.

Leading companies in the emerald jewelry sector are focusing on innovative products, such as everyday wear jewelry, to gain a competitive advantage. Daily wear emerald jewelry is designed for regular use, combining durability with aesthetic appeal. For instance, in May 2023, Muzo, a Colombian emerald mining company, introduced the Muzo Essentials collection. This new line features 18-karat yellow gold and Muzo emeralds, including stud earrings, gold hoops with fancy-shaped emerald pendants, solitaire pendant necklaces, and bracelets. The collection is crafted for everyday wear, blending timeless design with modern trends for a versatile and comfortable jewelry experience.

In August 2023, Emerald Jewel Industry India Limited, a jewelry manufacturer based in India, announced a strategic partnership with Preciosa to enhance its jewelry offerings. This collaboration aims to incorporate Preciosa’s high-quality CZ color stones into Emerald Jewel Industry’s designs. The partnership merges Emerald Jewel Industry’s commitment to excellence with Preciosa’s expertise in producing top-quality CZ color stones. Preciosa, based in the Czech Republic, is known for its high-quality cubic zirconia (CZ) color stones.

Major companies operating in the emerald jewelry market are Cartier International SNC, Swarovski, Tiffany And Co., David Yurman, Graff, Chopard, Kendra Scott, Harry Winston, Alex and Ani, Monica Vinader, Kay Jewelers, Bulgari, Mikimoto, Van Cleef And Arpels, Judith Ripka, Marco Bicego, Stephen Webster, Lagos, Tacori, Roberto Coin, Piaget, Jared, Gurhan, Scott Kay, Zales.

Europe was the largest region in the emerald jewelry market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the emerald jewelry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the emerald jewelry market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Emerald jewelry features gemstones made from emeralds, a precious green variety of the mineral beryl known for its rich color and rarity. Emeralds are often cut into various shapes and set in rings, necklaces, earrings, and bracelets, often paired with other gemstones and precious metals to enhance their natural beauty.

The main types of emerald jewelry include rings, necklaces, earrings, bracelets, and other forms. Rings are circular bands typically worn on the fingers and often symbolize commitment, adornment, or status. Emerald jewelry is available for men, women, and unisex, and can be made from both natural and synthetic materials. It is distributed through online and offline channels and is used for various purposes such as everyday wear, special occasions, gifts, and more.

The emerald jewelry market research report is one of a series of new reports that provides emerald jewelry market statistics, including emerald jewelry industry global market size, regional shares, competitors with a emerald jewelry market share, detailed emerald jewelry market segments, market trends and opportunities, and any further data you may need to thrive in the emerald jewelry industry. This emerald jewelry market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The emerald jewelry market consists of sales of pendants, brooches, cufflinks, and tiaras, among other accessories featuring emeralds. 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.


This product will be delivered within 3-5 business days.