Gems & Jewelry

Gems & Jewelry

Global Gems & Jewelry Market to Reach US$608.1 Million by 2030

The global market for Gems & Jewelry estimated at US$409.0 Million in the year 2023, is expected to reach US$608.1 Million by 2030, growing at a CAGR of 5.8% over the analysis period 2023-2030. Diamond in Gold, one of the segments analyzed in the report, is expected to record a 6.1% CAGR and reach US$183.7 Million by the end of the analysis period. Growth in the Gold segment is estimated at 6.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$108.6 Million While China is Forecast to Grow at 8.5% CAGR

The Gems & Jewelry market in the U.S. is estimated at US$108.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$135.4 Million by the year 2030 trailing a CAGR of 8.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 5.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Global Gem s & Jewelry Market - Key Trends and Drivers Summarized

 

The jewelry industry is undergoing a significant transformation as cutting-edge technologies reshape traditional methods and open new possibilities for design, authentication, and traceability. From the emergence of 3D printing to advanced systems enhancing diamond authentication, these advancements are revolutionizing the way jewelers work. As global economies expand, particularly in emerging markets like China and India, a burgeoning middle class is gaining greater purchasing power. This financial growth enables more consumers to invest in high-end jewelry pieces, not only as fashion statements but also as status symbols and financial assets. The cultural importance of jewelry in celebrations, such as weddings and festivals, further bolsters this demand, as people are more willing to spend on intricate and valuable pieces for special occasions.

 

Technological advancements are another key driver of growth in the gems and jewelry sector. Innovations in mining and gemstone processing have improved the efficiency and quality of raw materials, making high-quality gems more accessible. Additionally, advancements in jewelry design technology, such as computer-aided design (CAD) and 3D printing, have revolutionized the way jewelry is created, allowing for more intricate and personalized designs. These technologies enable jewelers to cater to modern consumer preferences for customization and unique pieces. Furthermore, the advent of lab-grown diamonds and synthetic gemstones offers consumers more affordable and ethically sourced alternatives to traditional gemstones, broadening the market`s appeal. Additionally, laser sintering, which involves using a laser to melt powdered metal layer by layer, allows for the creation of intricate and complex designs with unprecedented precision. These advancements eliminate traditional manufacturing challenges, paving the way for innovative jewelry designs.

 

The rise of e-commerce and digital marketing has transformed the way gems and jewelry are sold and marketed. Online platforms provide consumers with a convenient and extensive selection of products, often at competitive prices. This shift to online shopping is particularly attractive to younger, tech-savvy consumers who prefer the ease of browsing and purchasing jewelry from the comfort of their homes. Social media and influencer marketing play a crucial role in this digital transformation, as brands leverage these platforms to reach a wider audience and create engaging content that highlights their products` beauty and craftsmanship. Blockchain technology and artificial intelligence (AI) are becoming integral to the gems and jewelry industry, enhancing transparency, security, and efficiency. Blockchain offers a secure method for tracking gemstones from their source to the final consumer, ensuring ethical and sustainable practices.

Select Competitors (Total 264 Featured) -

• Blue Nile, Inc.
• Chow Tai Fook Jewellery Group Limited
• Claire's Stores, Inc.
• Compagnie Financiere Richemont SA
• Damas International
• Kering SA
• Le Petit-Fils de L.U. Chopard & Cie SA
• Luk Fook Holdings Company Limited
• LVMH Moet Hennessy - Louis Vuitton
• Malabar Gold & Diamonds
• PANDORA A/S
• PC Jeweller Limited
• Rajesh Exports Ltd.
• Signet Jewelers Ltd.
• Swarovski AG
• Swatch Group Ltd.
• Tiffany & Co.
• Titan Co., Ltd.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.