GITNUX MARKETDATA REPORT 2024

Precious Stones Wear Duration Statistics

The wear duration of precious stones varies depending on the type and quality of the stone, with some lasting only a few years while others can last a lifetime.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the significance of precious stones in the global jewelry market, particularly focusing on their longevity and durability. With statistics highlighting consumer preferences, market growth projections, and distinctive features of various gemstones, we gain valuable insights into the enduring allure and practical considerations associated with these exquisite pieces.

Statistic 1

"Over 85% of consumers consider "longevity" as the top reason for purchasing fine jewelry; which includes precious stones."

Statistic 2

"The global jewelry market, including precious stones, is expected to reach USD 480.5 billion by 2025"

Statistic 3

"30% of total global jewelry sales are fine jewelry, featuring precious stones."

Statistic 4

"In 2020, the sale of fine jewelry in the US represented 45% of global sales, a significant part of this category being precious stones."

Statistic 5

"The ruby is one of the most expensive precious stones, with record prices up to $1 million per carat."

Statistic 6

"The diamond market, leading in precious stones, moved about 29 billion U.S. dollars worldwide in 2019."

Statistic 7

"As of 2021, 21% of Americans own precious stone jewelry."

Statistic 8

"Emeralds are considered the most delicate precious stones and should be removed before doing dishes or using any harsh chemicals, reflecting necessary precautions for wear duration."

Statistic 9

"Sapphire, a precious stone, is second only to diamond in natural hardness, making it durable and long-lasting for jewelry wear."

Statistic 10

"Diamonds, being the hardest natural substance, indicates their capability for longer wear duration without damage."

In conclusion, the statistics presented highlight the enduring appeal and value of precious stones in the global jewelry market. Consumers prioritize longevity when making fine jewelry purchases, driving the market to reach significant values, such as the projected USD 480.5 billion by 2025. Fine jewelry, particularly those featuring precious stones like rubies, diamonds, emeralds, and sapphires, holds a prominent position in the industry indicating their durability and lasting quality. The diamond market alone showcases substantial transactions, emphasizing the robust demand for precious stones among consumers worldwide. The necessity for proper care and precautions for delicate stones like emeralds further underscores the significance of ensuring the longevity and wear duration of precious stone jewelry.

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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