Gemstones Market: Escalating Preference for Synthetic/Lab-grown Diamond to Reshape Demand Scenario: Global Industry Analysis 2013-2017 & Opportunity Analysis 2018-2026

An Incisive, In-depth Analysis on the Gemstones Market

This study offers a comprehensive, 360 degree analysis on the Gemstones market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Gemstones market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Gemstones Market - Key Research Findings

Global gemstones market size in 2018 – Nearly US$ 22 Bn

The gemstones market is expected to grow at a CAGR of approximately 5% over 2018-2026.

Millennials and the Gen Z are the prime target customers of the gemstones market. Increasing demand for lab-grown diamonds among consumers is expected to witness growth during the forecast period in the global gemstones market. In addition, the process of lab-grown diamonds is much lower as compared to those of natural diamonds.

North America accounts for a share of more than 36% in the global gemstones market value owing to the soaring diamond jewelry sale in the US market.

The market in Asia Pacific is projected to witness rapid growth, and register a promising CAGR over the forecast period, owing to the upsurge in the demand for the finest high-quality gems or unique and rare stones, along with rise in the per capita spending of consumers on luxury product categories.

Among all the product type segments, diamond is expected to witness a strong incremental opportunity over the forecast period, which is attributed to the growing demand for diamond jewelry among the millennial and Gen Z generations due to their increasing spending power.

Top 3 Factors Shaping the Gemstones Market

Diamond Mining & Exploration Industry

The diamond mining & exploration industry is expected to have a significant impact on the global gemstones market. In terms of the growth perspective of diamond mining companies, 2017 was a strong year for the gemstones market. Every segment of the value chain improved in 2017, with industry revenue growth of around 2%. This scenario had an overall positive impact on the global retail sales of diamond jewelry. In the recent times, there has been growth in the demand for lab-grown diamonds, which is likely to reshape the industry in the near future.

Growing Penetration of Organized Retail
Specialty stores represent one of the evolving and formats in the retail sector, especially in developing countries.
Specialty stores are gaining significant popularity recently and a majority of key vendors of gemstones based in different markets operate through specialty jewelry stores.
In specialty stores, a wide variety of gems and jewelry is stocked under one roof, resulting in widespread availability of a wide range of options for customers.
Consumers in emerging economies such as Asia Pacific are slowly drifting away from conventional unorganized jewelry and are inclining toward organized branded products to avoid purchasing counterfeit products.
Moreover, organized sales are likely to increase owing to notable changes in the preferences of younger consumers - following the introduction of hallmarking and certifications.

Gemstones Market: Structure Analysis

The global gemstones market represents a partially consolidated competition landscape, wherein Tier 1 & Tier 2 companies hold more than 40-50% revenue share.
Gemstone mining companies are mostly engaged in the mining & exploration of gemstones, particularly diamond.
M&A activity, joint ventures, the acquisition of new mines, development and expansion of the lifespan of old mines, listing of companies on the stock exchange, expanding into geographies, expansion of the companies’ businesses, and expansion of the production capacity will remain some of the top developmental strategies of gemstones market players.

FMI’s recent market study titled ‘Gemstones Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2026’ comprises a comprehensive assessment of the key market dynamics. On conducting a thorough research on the historic as well as current growth parameters of the gemstones market, the growth prospects of the gemstones market have been obtained with maximum precision. The report features the unique and salient factors that are likely to have a significant impact on the development of the gemstones market during the forecast period.

The report intends to help market players modify their manufacturing and marketing strategies to envisage maximum growth in the gemstones market in the coming years. The report provides detailed information about the current and future growth prospects of the gemstones market in the most comprehensive manner for the better understanding of readers.

Chapter 1 – Executive Summary

The report commences with the executive summary of the gemstones market, which includes a summary of the key findings and statistics. It also includes the market value (US$ million) estimates of the prominent segments of the gemstones market.

Chapter 2 – Market Overview

Readers can find detailed taxonomy and definitions pertaining to the gemstones market in this chapter, which will help them understand the basic information about the market dynamics, company share, cost structure, pricing analysis, list of key distributors & suppliers, and a list of the key participants in the gemstones market.

Chapter 3 – Global Gemstones Market Analysis 2013–2017 & Opportunity Assessment 2018–2026 by Product Type

Based on the product type, the gemstones market has been segmented as diamond, emerald, ruby, sapphire, alexandrite, topaz, and others. In this chapter, readers can find information about the key trends and developments in the gemstones market and market attractive analysis based on the product type for each region.

Chapter 4 – Global Gemstones Market Analysis 2013–2018 & Opportunity Assessment, 2019–2027 by Product Format

Based on the product format, the gemstones market has been segmented into natural and synthetic. In this chapter, readers can find information about the trends and developments in the gemstones market and market attractive analysis based on the product format for each region.

Chapter 5 – Global Gemstones Market Analysis 2013–2018 & Opportunity Assessment, 2019–2027 by End-Use

Based on the end-use, the gemstones market has been segmented into jewelry & ornaments and luxury arts. The jewelry & ornaments segment is sub-segmented into bangles, necklaces, pendants, earrings, rings, anklets, and brooches. In this chapter, readers can find information about the end-use trends and developments in the gemstones market and market attractive analysis based on the end-use for each region.

Chapter 5 – North America Gemstones Market Analysis 2013–2017 & Opportunity Assessment, 2018–2026

This chapter includes a detailed analysis of the growth of the North America gemstones market, along with a country-wise assessment for the U.S. and Canada. Readers can also find information about the regional trends in the gemstones market, along with regulations and company share analysis and market growth on the basis of product type, product format, end use, and country.

Chapter 5 – Latin America Gemstones Market Analysis 2013–2018 & Opportunity Assessment, 2019–2027

Readers can find detailed information about factors such as gemstones pricing analysis and regional trends that are impacting the growth of the Latin America gemstones market. This chapter also includes the growth prospects of the gemstones market in prominent LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Chapter 6 – Europe Gemstones Market Analysis 2013–2018 & Opportunity Assessment, 2019–2027

Important growth prospects of the gemstones market, based on product type, product format, end use, and country, in several European countries, such as Germany, the U.K., France, Italy, Spain, Russia, and the rest of Europe, have been included in this chapter.

Chapter 7 – Asia-Pacific Gemstones Market Analysis 2013–2017 & Opportunity Assessment, 2018–2026

China is a prominent country in the Asia-Pacific market. Thus, it is among the prime subjects of assessment to obtain the growth prospects of the Asia Pacific gemstones market. In this chapter, readers can find detailed information about the growth parameters of the Asia-Pacific gemstones market for the period 2018–2026.

Chapter 8 – MEA Gemstones Market Analysis 2013–2017 & Opportunity Assessment, 2018–2026

This chapter provides information about how the gemstones market is expected to grow in the major countries of the MEA region, such as GCC Countries and South Africa, during the period 2018–2026. Readers can find important factors that are estimated to have a significant impact on the growth of the gemstones market in MEA during the forecast period. This chapter also provides an overview of the regulations, drivers, restraints, and trends prevalent in the MEA gemstones market.

Chapter 11 – Competition Landscape, Company Share, and Company Profiles

In this chapter, readers can find a comprehensive list of all the leading stakeholders in the gemstones market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the gemstones report include ALROSA, Anglo American PLC, Rio Tinto Diamonds, Dominion Diamond Corporation, Gemfields Group Ltd., Petra Diamonds Limited, Rockwell Diamonds Inc., Gem Diamonds Limited, Swarovski Group, Debswana Diamond Company (Pty) Limited, Lucara Diamond Corp., Botswana Diamonds P.L.C, Fura Gems Inc., Mountain Province Diamonds Inc., Pangolin Diamonds Corporation, Stornoway Diamond Corporation, Arctic Star Exploration Corp., Trans Hex Group Ltd., Merlin Diamonds Limited, KGK Group, Pala International Inc., and MIF Gems Co Ltd.

Chapter 12 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the report.

Chapter 13 – Research Methodology

This chapter helps readers understand the research methodology followed to obtain various conclusions, important qualitative information, and quantitative information about the gemstones market.