GITNUX MARKETDATA REPORT 2024

Gemstone Popularity Trends Statistics

The popularity of gemstones fluctuates over time due to changing trends and preferences in the market.

Last Updated: June 20, 2024

How we write

In this post, we delve into the latest statistics and trends shaping the global gemstone market. From the increasing popularity of colored gemstones to the emerging trend of self-expression through vibrant jewels, we explore key insights that are driving the industry forward. Join us as we uncover the fascinating landscape of gemstone popularity and consumer behavior in the ever-evolving world of fine jewelry.

Statistic 1

"34% of global aggregate gemstones sales are colored gemstones, a significant increase compared to the previous years."

Statistic 2

"The world's Emerald gemstone market size is expected to reach USD 5.51 billion by 2025."

Statistic 3

"By 2023, the Ruby gemstone market is expected to witness a CAGR of 6.52%."

Statistic 4

"Sri Lanka is the world’s leading exporter of sapphires, with over 85-90% share of the world export volume."

Statistic 5

"About 70% of the total 300,000 gems that entered the global market in 2002 originated in Africa."

Statistic 6

"The market size of gemstone jewelry is expected to reach USD 443.4 billion by 2027."

Statistic 7

"By 2022, the diamond market is expected to exceed $30 billion USD globally."

Statistic 8

"Amethyst has experienced a surge in popularity, being the 5th most searched gem on Google."

Statistic 9

"Millennials and Generation Z are making up nearly 20% of fine jewelry sales, particularly gemstones."

Statistic 10

"45% of female buyers said their most recent fine jewelry purchase was "just because" a noticeable shift from gift-giving to self-expression which includes colorful gemstones."

Statistic 11

"Approximately 60% of customers consider sustainability during their purchase, in which gemstones play a major role."

Statistic 12

"Diamonds are now just over 50% of global gemstone market, showcasing a trend for increased variety in gemstones."

Statistic 13

"Consumer spending on jewelry reached $77.2 billion in 2019, from which a significant portion went to gemstones."

Statistic 14

"There was almost a 133% year-on-year increase in online sales for jewelry and gemstones in 2020."

Statistic 15

"Emerald City, a massive gemstone market in Zambia, has over 600 traders and sellers in a single location."

Statistic 16

"Demantoid, a rare green gemstone, had experienced a surge in popularity with prices at $2,000 to $3,000 per carat."

Statistic 17

"Asia Pacific region is the largest market for gemstones, holding nearly 63% of the total market share."

Statistic 18

"In 2020, the colored gemstone market was valued at $16.62 billion, growing at a predicted CAGR of 8% from 2021 to 2028."

Statistic 19

"In 2021, the keyword search "colorful gemstones" experienced a 39% growth rate in the digital space, revealing a rising interest in different colorful gemstones."

Based on the statistics presented, it is evident that the gemstone market is experiencing significant growth and change, with colored gemstones gaining popularity and market share. The data highlights key trends such as the rise in demand for colorful gemstones, the increasing prominence of markets in regions like Asia Pacific, and the shift towards self-expression and sustainability in jewelry purchases. Millennials and Generation Z are playing a notable role in driving these changes, with a focus on variety, uniqueness, and ethical considerations. The future of the gemstone market looks promising, with projections pointing towards continued growth and innovation in the industry.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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