The global gemstone market is poised for substantial expansion, increasing from USD 36,044.1 million in 2025 to USD 68,151.4 million by 2035. The market is expected to grow at a CAGR of 6.6% from 2025 to 2035.

Metric	Value
Industry Size (2025E)	USD 36,044.1 million
Industry Value (2035F)	USD 68,151.4 million
CAGR (2025 to 2035)	6.6%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	5.6%
H2 (2024 to 2034)	7.2%
H1 (2025 to 2035)	7.8%
H2 (2025 to 2035)	5.5%

Per Capita Spending on Gemstones - Top 5 Countries

Countries	Population (millions)
United States	345.4
China	1,419.3
India	1,450.9
Japan	123.2
United Arab Emirates	10.2

Countries	Estimated Per Capita Spending (USD)
United States	3.25
China	2.85
India	1.95
Japan	2.50
United Arab Emirates	4.10

Country-wise Insights

Countries	CAGR (2025 to 2035)
USA	4.2%
Canada	7.3%
UK	5.9%
China	11.1%
India	11.4%

Category-wise Insights

Product Type	CAGR (2025 to 2035)
Emerald	4.5%

Application	CAGR (2025 to 2035)
Jewelry & Ornaments	6.4%

In 2023, the market size of gems and jewelry was 92 billion U.S. dollars in India. The market size of gems and jewelry is projected to grow by more than eight percent and reach 127 billion U.S. dollars by 2027.

The gemstone cosmetic powder market is set for significant growth between 2025 and 2035, fuelled by the rising demand for luxury beauty products, mineral-based skincare, and holistic wellness formulations. The market is projected to expand from USD 0.8 billion in 2025 to USD 1.65 billion by 2035, reflecting a CAGR of 5.8% over the forecast period.

Metric	Value
Industry Size (2025)	USD 0.8 billion
Industry Value (2035F)	USD 1.65 billion
CAGR (2025 to 2035)	5.8%

Gemstone Cosmetic Powder Market - Country-Wise Per Capita Spending

Country	United States
Population (Million)	USD 345.4 Million
Estimated Per Capita Spending (USD)	22.80

Country	China
Population (Million)	USD 1,419.3 Million
Estimated Per Capita Spending (USD)	18.50

Country	South Korea
Population (Million)	USD 51.6 Million
Estimated Per Capita Spending (USD)	21.70

Country	France
Population (Million)	USD 65.6 Million
Estimated Per Capita Spending (USD)	20.90

Country	Japan
Population (Million)	USD 123.3 Million
Estimated Per Capita Spending (USD)	19.80

Gemstone Cosmetic Powder Market - Global Country-Wise Outlook

Country	CAGR (2025 to 2035)
United States	7.2%

Country	CAGR (2025 to 2035)
United Kingdom	7.0%

Country	CAGR (2025 to 2035)
Germany	7.1%

Country	CAGR (2025 to 2035)
India	7.5%

Country	CAGR (2025 to 2035)
China	7.8%

Competition Outlook: Gemstone Cosmetic Powder Market

Company Name	Estimated Market Share (%), 2024
L’Oréal Group (Lancôme, YSL Beauty)	18-22%
Estée Lauder Companies (La Mer, Bobbi Brown, MAC)	14-18%
Shiseido (Clé de Peau Beauté, NARS)	10-14%
LVMH (Dior, Givenchy Beauty, Guerlain)	8-12%
KOSÉ Corporation (DECORTÉ, Albion)	6-10%
Other Companies (combined)	30-40%

Global Gemstones market size is expected to reach $42.76 billion by 2029 at 6.3%, segmented as by diamond, natural diamond, synthetic diamond

Discover the projected growth of the cultured pearls and precious stones market in the United States over the next decade, with an expected increase in market volume to 6K tons and value to $36.2B by 2035.

With a market capitalization of 2.96 billion Hong Kong dollars, Honbridge Holdings was the highest valued enterprise on Hong Kong Exchange's Growth Enterprise Market in 2024. The trading board is targeted at small and medium-sized enterprises because it has lower listing requirements than the Main Board. As a result, these types of companies can have access to capital. Often, enterprises from the GEM later transfer to the Main Board.

In the financial year 2024, India exported over 820 billion Indian rupees worth of precious gems and jewelry to the United States. The North American country was the primary export destination during that financial year, followed by the United Arab Emirates and Hong Kong. What type of jewelry and gems are exported from India? India's multibillion-dollar gems and jewelry export market is dominated by cut and polished diamond exports, accounting for about 16 billion U.S. dollars. Gold jewelry also holds substantial significance, with the jewelry fabrication sector contributing to the global demand for gold. Other gems and jewelry exported from India are silver jewelry, lab-grown diamonds, rough diamonds, and colored gemstones. The dynamic landscape of India's jewelry export market India, China, and Switzerland have always been one of the leading jewelry-exporting nations worldwide. Furthermore, precious and semiprecious stones, including pearls, were an important commodity of trade, accounting for seven percent of the exports from the South Asian country in the financial year 2022. That same year, gold and other jewelry exports stood at 2.6 percent. Projections indicate that by 2024, India will see well over 81 billion U.S. dollars in revenue.

For the third consecutive year, the French synthetic gemstones market recorded growth in sales value, which increased by 14% to $33M in 2024. Overall, consumption, however, recorded prominent growth. Synthetic gemstones consumption peaked in 2024 and is likely to continue growth in years to come.

Explore the growing market for cultured pearls and precious stones in the Middle East, projected to see steady growth over the next decade. Anticipated CAGR of +1.3% in volume and +1.6% in value terms from 2024 to 2035, reaching 1.8K tons and $17B respectively by the end of 2035.

The Asia-Pacific market for cultured pearls, precious, and semi-precious stones is projected to experience continued growth over the next decade driven by increasing demand. Market volume is expected to reach 16K tons by 2035, with a market value of $118.6B.

Europe Gems and Jewelry market USD 83095.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031. rich heritage and a growing demand for luxury items is expected to aid the sales to USD 141963.1 million by 2031

The global topaz ring market exhibits robust growth potential, driven by increasing consumer demand for affordable luxury jewelry and the gemstone's rising popularity. The market size in 2025 is estimated at $500 million, reflecting a Compound Annual Growth Rate (CAGR) of 7% from 2019 to 2024. This positive trajectory is fueled by several key factors. Firstly, topaz's diverse color range and relatively lower price point compared to other gemstones like diamonds or sapphires make it an attractive option for a broader consumer base. Secondly, evolving fashion trends showcase topaz in a variety of contemporary designs, appealing to younger demographics and driving sales. Moreover, the rise of online jewelry retail enhances accessibility and market penetration. However, fluctuations in gemstone prices and economic downturns can pose challenges to consistent growth. Despite these challenges, the market is expected to maintain a healthy CAGR of 6% between 2025 and 2033. This sustained expansion will be propelled by continued innovation in design, the emergence of sustainable and ethically sourced topaz, and targeted marketing campaigns by major players like Boucheron, Cartier, Tiffany & Co., and others. Segmentation within the market is evident based on price point (luxury, mid-range, budget-friendly), design style (classic, contemporary, vintage-inspired), and metal type (gold, silver, platinum). Regional variations will likely exist, with North America and Europe dominating market share due to high disposable incomes and established jewelry markets. The competitive landscape is characterized by both established luxury brands and emerging designers, leading to a dynamic market with opportunities for both innovation and consolidation.

According to Cognitive Market Research, The Global Opal Jewelry market size is USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.

Consumer awareness of the genuineness of the metals and gems used in jewelry is expanding, which is driving the sector.
Demand for rings remains higher in the opal jewelry market.
The women's sector held the highest opal jewelry market revenue share in 2023.
Europe will continue to lead, whereas the North American opal jewelry market will experience the fastest growth until 2030.

Increasing Disposable Income & Spending Power of Consumers to Provide Viable Market Output

Due to the population's high disposable income and purchasing power, the global economy is expanding, which is driving demand for more luxury products like opal jewelry.

In OECD nations, when adjusted for purchasing power parity, the United States had the highest gross household disposable income per capita in 2021. Their per capita disposable income was close to USD 55,000. With about 50,000 dollars, Luxembourg came in second, and Switzerland came in third.

Additionally, a variety of worldwide traditions relating to the adoption of opal jewelry are anticipated to increase product demand greatly. For instance, in August 2020, an article published by the World Gold Council stated that on significant events, Chinese people customarily give gold presents to the younger family members. In addition, the market will keep growing as more women enter the workforce and as consumer awareness of luxury and contemporary stones rises. The increase in female labour force participation has been one of the most prominent economic developments.

Growing Return On Investment (ROI) to Propel Market Growth

The high return on investment (ROI) of jewelry products is expected to drive the growth of the global opal jewelry market. The return on investment for jewelry has only grown or stayed the same for many years. There have only been a few instances where the cost of the raw materials used to make actual jewelry has fallen. Since there is practically a 100% guarantee that the investment value will not decrease even after years of purchase, jewelry continues to be a popular way for many families or individuals to invest money.

India's gold prices in 2023 have changed over time. The cost of gold has increased considerably since 2022. The price of the yellow metal rose by over Rs. 3,000 during the first six months of the year, an increase of nearly 6.5%.

(Source: www.bankbazaar.com/gold-rate/gold-rate-trend-in-india.html)

Opal jewelry made of materials like gold or diamond lasts a very long time. Unlike other dead assets like automobiles or homes, which may see a drop in demand owing to various social or political circumstances, they exhibit a durability that no other material can demonstrate and may be sold at any moment.

Market Dynamics of the Opal Jewelry

Key Drivers for Opal Jewelry

Increasing Consumer Interest in Distinctive and Customized Jewelry: Opals are prized for their unique play-of-color and individuality, ensuring that every piece is truly unique. As the desire for personal expression through fashion grows, consumers are leaning more towards opals rather than more traditional stones such as diamonds or sapphires for custom and statement jewelry.

Rising Trend of Birthstone and Healing Jewelry: As the birthstone for October, opal carries both sentimental and astrological importance. The increasing popularity of metaphysical and healing jewelry is fueling interest, with consumers linking opals to emotional stability, creativity, and love, particularly in wellness-oriented markets.

Growth of the Online Jewelry Market and E-Commerce Platforms: The emergence of digital jewelry brands and marketplaces such as Etsy, Blue Nile, and Mejuri has enhanced the global accessibility of opal jewelry. Improved product visualization, customization options, and influencer marketing have played a significant role in boosting visibility and consumer confidence in purchasing.

Key Restraints for Opal Jewelry

Concerns Regarding Fragility and Durability Diminish Consumer Trust: Opals are positioned low on the Mohs hardness scale (5.5–6.5), rendering them more susceptible to scratches, fractures, and water damage compared to harder gemstones. This vulnerability impacts their long-term ...

Discover the expected growth in the United States market for cultured pearls, precious and semi-precious stones over the next decade. Anticipated to increase in volume and value terms, the market is projected to reach 6K tons and $36.2B by the end of 2035.

Learn about the projected growth of the precious stone and pearl market in the UK, with an expected increase in both volume and value over the next decade.

Discover how the demand for cultured pearls, precious, and semi-precious stones in Australia is driving market growth. With a projected increase in market volume to 2.3K tons and value to $12.4B by 2035, find out about the expected trends and forecasts for the next decade.

Report Attribute/Metric	Details
Market Value in 2025	USD 303 million
Revenue Forecast in 2034	USD 500 million
Growth Rate	CAGR of 5.7% from 2025 to 2034
Base Year for Estimation	2024
Industry Revenue 2024	287 million
Growth Opportunity	USD 213 million
Historical Data	2019 - 2023
Forecast Period	2025 - 2034
Market Size Units	Market Revenue in USD million and Industry Statistics
Market Size 2024	287 million USD
Market Size 2027	339 million USD
Market Size 2029	379 million USD
Market Size 2030	400 million USD
Market Size 2034	500 million USD
Market Size 2035	529 million USD
Report Coverage	Market Size for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments Covered	Material Type, Designs, Installation Method, Sales Channels, Usage
Regional Scope	North America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country Scope	U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Top 5 Major Countries and Expected CAGR Forecast	U.S., Germany, China, Canada, Australia - Expected CAGR 3.7% - 5.5% (2025 - 2034)
Top 3 Emerging Countries and Expected Forecast	India, Brazil, South Africa - Expected Forecast CAGR 6.6% - 7.9% (2025 - 2034)
Top 2 Opportunistic Market Segments	Round and Half-Round Designs
Top 2 Industry Transitions	Embracing EcoFriendliness, Technological Innovation
Companies Profiled	Fypon LLC, Ply Gem Industries Inc, Air Vent Inc, Duraflo, Builders Edge Inc., Al's Millworks, Ekena Millwork, The Tapco Group, GAF Materials Corporation, Maurice Franklin Louver Co., Lamb & Ritchie, Lomanco and Inc.
Customization	Free customization at segment, region, or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement (10% of report value)

Discover the forecasted growth of the cultured pearls and precious stones market in the European Union, with an expected increase in market volume to 2K tons and market value to $12.9B by 2035.

Discover the projected growth of Australia's market for cultured pearls and precious stones, with an anticipated CAGR of +1.5% in volume terms and +2.3% in value terms from 2024 to 2035.

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India Jewelry Market Size 2025-2029

The jewelry market size in India is forecast to increase by USD 25.6 billion at a CAGR of 5.9% between 2024 and 2029.

The jewelry market is experiencing significant growth, driven by the cultural significance of precious metals, gems, and stones, particularly In the context of bridal designs and custom-made pieces. The rise of online sales through e-commerce platforms has revolutionized the industry, making diamond jewelry and other fine pieces more accessible to consumers. Platinum, polished diamonds, and other high-end gems and jewellery continue to be popular choices for special occasions and everyday wear. 
The increasing popularity of e-commerce has led to the availability of costume jewelry and wedding services online. As gold prices remain high, consumers are seeking alternatives such as lab-grown diamonds and other precious metals. Overall, the jewelry market is expected to continue its growth trajectory, with consumers in North America and beyond showing a strong demand for both traditional and innovative designs.

What will be the Size of the market During the Forecast Period?

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The global jewelry market encompasses a wide range of merchandise, including gemstones, lab-grown diamonds, watches, accessories, and more. This market exhibits growth, driven by increasing consumer spending on luxury items and the continuous expansion of B2C enterprises. Exports play a significant role In the jewelry industry's dynamics, with many countries serving as key exporters. Virtual buyer-seller meets and export promotion initiatives facilitate international trade. Jewelry demand is influenced by various cultural and religious occasions, such as Baisakhi, Karva Chauth, Durga Puja, Gudi Pavda, Akshaya Tritiya, and Indian weddings.
Gold remains a popular choice for jewelry due to its cultural significance and value as a precious metal. The trend towards lab-grown diamonds is also exponential, offering a more sustainable and cost-effective alternative to natural diamonds. Retail sales of jewelry and related accessories, including luggage and bags, continue to rise, fueled by the growing affluence of consumers worldwide. The jewelry market is expected to maintain its upward trajectory, reflecting the enduring appeal of these items as expressions of personal style, status, and tradition.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Gold
  Diamond
  Others


Distribution Channel

  Specialist retailers
  Online


End-user

  Women
  Men


Product Type

  Necklaces and chains
  Earrings
  Others


Geography

  India

By Type Insights

The gold segment is estimated to witness significant growth during the forecast period.

The Indian jewelry market is dominated by gold, driven by increasing income levels and cultural traditions. Gold jewelry demand continues to grow, influenced by international gold prices, inflation, and financial regulations. Younger generations' preferences are shifting due to alternative materials and designs. Gold remains popular for special occasions and investment. The Indian jewelry industry includes merchants, manufacturers, and exhibitors at events like the Internal Jewellery Show and Virtual Buyer-Seller Meets. Exports of gold jewelry, loose diamonds, and gemstones contribute significantly to India's Gross Domestic Product (GDP) and merchandise exports.

The market includes fine jewelry, plain gold, gold-studded, diamond-studded, and silver jewellery. Gold coins and monetization schemes are also popular. Custom and import duties, hallmarking, and consumer spending on jewelry, accessories, watches, luggage, and bags are key factors. The industry employs numerous family jewellers, branded jewelry retailers, and manufacturers. Despite competition from imitation and luxury fashion jewellery, gold remains a trusted choice for the elite class, particularly women.

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Market Dynamics

Our India Jewelry Market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of India Jewelry Market?

The cultural significance of jewelry is the key driver of the market.

The Indian jewelry market holds significant importance due to the cultural significance of gold, which is often seen as a symbol of prosperity and wealth. India is the world's second-largest consumer of gold, with high demand driven by