Gems and Jewellery Market Size, Share, Growth, and Industry Analysis, By Types (Gold, Diamond, Platinum, Gems, Others), By Applications Covered (Online, Retail, Jewelry Stores) and Regional Insights and Forecast to 2034

Gems and Jewellery Market Size

The Global Gems and Jewellery Market size was valued at USD 406,378.96 Million in 2024, is projected to reach USD 418,976.71 Million in 2025, and is expected to hit approximately USD 431,964.99 Million by 2026, surging further to USD 551,464.89 Million by 2034, exhibiting a CAGR of 3.1% during the forecast period. This growth is fueled by increasing consumer demand for luxury accessories, rising adoption of branded jewellery, and growing investment in precious metals and stones.

The US market is expected to hold a significant portion of global demand, contributing over 28% share due to high spending on premium jewellery and strong retail networks. Gold jewellery represents around 48% of global sales, diamond jewellery holds about 32%, while platinum and other gemstones make up the remaining share, reflecting a diverse and expanding product mix across international markets.

Key Findings

• Market Size - Valued at 418976.71M in 2025, expected to reach 551464.89M by 2034, growing at a CAGR Of 3.1%.
• Growth Drivers - 48% gold demand, 32% diamond sales, 17% online growth, 21% ethical jewellery purchases, 15% personalization trends.
• Trends - 9% lab-grown diamond share, 21% sustainable sourcing, 14% colored gemstone demand, 12% 3D printing adoption, 8% capsule collections.
• Key Players - Chow Tai Fook Jewellery, LVMH, Rajesh Exports, Richemont, Signet Jewelers
• Regional Insights - Asia-Pacific holds 38% share, North America 28%, Europe 22%, and Middle East & Africa 12%, driven by gold dominance, diamond demand, luxury brand expansion, and cultural jewellery traditions across regions.
• Challenges - 40% price volatility, 18% sourcing issues, 25% seasonal sales dependency, 15% certification delays.
• Industry Impact - 48% gold dominance, 32% diamond influence, 21% sustainability adoption, 17% digital retail contribution.
• Recent Developments - 21% ethical product growth, 9% lab-grown diamond launches, 14% luxury gemstone introductions, 6% blockchain verification use.

The Gems and Jewellery Market encompasses a vast range of products, including gold, diamond, platinum, and colored gemstone jewellery, serving both ornamental and investment purposes. The sector is driven by cultural traditions, fashion trends, and wealth preservation strategies. Gold jewellery dominates with around 48% of the total market share, influenced by both consumer demand and central bank reserves. Diamond jewellery holds approximately 32% share, supported by rising bridal and engagement purchases. Platinum and other high-value gemstone jewellery account for nearly 20%, appealing to niche luxury consumers. The market benefits from the integration of technology in jewellery design, with about 22% of retailers adopting 3D printing and CAD design for customization. Online jewellery sales are expanding rapidly, representing nearly 18% of total transactions, driven by e-commerce platforms and digital marketing strategies. Demand is seasonally influenced, with festivals and weddings accounting for over 40% of annual sales in some regions. Luxury jewellery brands are strengthening global supply chains, ensuring sustainable sourcing and certification of materials, which has grown by 26% in adoption over the past years. The US, India, and China are the top three markets, collectively holding over 55% of global share, with emerging markets in the Middle East and Southeast Asia showing significant growth potential.

Gems and Jewellery Market Trends

The Gems and Jewellery Market is witnessing transformative trends that are reshaping consumer preferences and business strategies. Sustainable and ethically sourced jewellery now represents about 21% of global sales, as consumers demand transparency and responsible sourcing. The lab-grown diamond segment is expanding quickly, accounting for around 9% of total diamond jewellery demand, with rising acceptance among younger buyers. Custom-designed jewellery is gaining popularity, representing 15% of purchases, driven by personalization trends and advanced manufacturing technologies. Online channels contribute nearly 18% of total sales, reflecting a shift in consumer buying behavior towards digital platforms. The luxury segment, including high-value gemstone pieces, accounts for 14% of overall sales, supported by rising disposable incomes and aspirational purchases. Minimalist and contemporary designs are also on the rise, making up approximately 12% of the market, especially in urban markets. Regional demand variations are evident, with Asia-Pacific contributing 38% of global share, North America 28%, Europe 22%, and the rest of the world 12%. Strategic collaborations between jewellery brands and fashion designers are increasing, representing 8% of new product launches annually. Additionally, the adoption of blockchain for authenticity verification is growing, with nearly 6% of premium brands integrating it into their sales process.

Gems and Jewellery Market Dynamics

DRIVERS

Rising Global Luxury Consumption

The demand for gems and jewellery is accelerating as luxury consumption grows worldwide. Premium jewellery now accounts for 42% of total sales, with diamond jewellery contributing 32% and gold jewellery holding 48% market share. Bridal jewellery makes up nearly 29% of global demand, and around 18% of sales occur through online platforms. Emerging markets contribute 36% of the growth momentum, while high-income markets remain dominant with 64% of total demand. Brand collaborations with celebrities influence 14% of purchasing decisions.

OPPORTUNITY

Expansion in Lab-Grown Diamond Segment

The lab-grown diamond sector is emerging as a major growth opportunity, now representing 9% of global diamond jewellery demand. Adoption rates are highest among millennials, influencing 27% of new diamond purchases. North America accounts for 38% of this segment’s market, followed by Asia-Pacific at 31% and Europe at 21%. The lower price point of lab-grown diamonds is driving a 22% shift from natural stones to synthetic alternatives. Jewellery brands investing in this category report up to 18% year-on-year sales growth, particularly in the engagement ring market.

RESTRAINTS

Volatility in Precious Metal Prices

Fluctuating prices of gold, platinum, and silver remain a major restraint for the gems and jewellery industry. Gold, which accounts for 48% of jewellery sales, can see price fluctuations exceeding 12% annually, impacting consumer purchasing behavior. Platinum jewellery, holding 8% market share, is also vulnerable to price instability due to mining constraints. Around 19% of small retailers report decreased sales during high-price periods, and 23% of manufacturers adjust production volumes to offset raw material cost spikes. This price unpredictability affects long-term purchasing commitments from both consumers and wholesalers.

CHALLENGE

Ensuring Ethical and Sustainable Sourcing

The gems and jewellery market faces challenges in maintaining ethical sourcing and sustainability standards. Currently, only 21% of jewellery sold is certified as ethically sourced, while consumer awareness of sourcing practices has grown by 26% in recent years. Diamond mining regions contribute 80% of the world’s supply, yet over 15% faces scrutiny for labor and environmental concerns. Around 18% of jewellery brands are now investing in blockchain-based tracking to ensure authenticity and ethical compliance. However, small and mid-sized retailers, representing 40% of the market, struggle to meet these compliance requirements due to cost and infrastructure limitations.

Segmentation Analysis

The Global Gems and Jewellery Market, valued at USD 418,976.71 million in 2025, is projected to reach USD 551,464.89 million by 2034 at a CAGR of 3.1%. By type, Gold jewellery leads the market, followed by Diamond, Platinum, Gems, and Others, each catering to specific consumer demands and cultural preferences. By application, Retail dominates the distribution network, followed by Jewelry Stores and Online channels, each showing distinct growth patterns based on regional buying behavior and evolving sales strategies.

By Type

Gold

Gold jewellery remains the most purchased category, driven by cultural significance, investment appeal, and global demand for wedding and festive occasions. It holds the strongest share in Asia-Pacific and Middle Eastern markets.

Gold jewellery held the largest share in the Gems and Jewellery Market, accounting for USD 201,109.82 million in 2025, representing 48% of the total market. This segment is expected to grow at a CAGR of 3.2% from 2025 to 2034, driven by wedding season demand, investment trends, and expanding branded collections.

Major Dominant Countries in the Gold Segment

• India led the Gold segment with a market size of USD 60,332.94 million in 2025, holding a 30% share due to strong cultural and bridal demand.
• China recorded USD 50,277.45 million in 2025, representing 25% share, driven by gifting traditions and rising disposable income.
• United States held USD 28,155.37 million in 2025, representing 14% share from premium branded jewellery sales.

Diamond

Diamond jewellery is fueled by engagement ring sales, luxury gifting, and growing interest in lab-grown diamonds. It is especially popular in North America and Europe.

Diamond jewellery accounted for USD 134,072.55 million in 2025, representing 32% of the total market. This segment is projected to grow at a CAGR of 3.0%, driven by bridal jewellery demand, luxury brand expansion, and ethical sourcing trends.

Major Dominant Countries in the Diamond Segment

• United States led the Diamond segment with USD 47,925.11 million in 2025, holding 35.7% share due to high-value engagement ring purchases.
• India recorded USD 26,814.51 million in 2025, representing 20% share from strong manufacturing and export capacity.
• China held USD 20,110.88 million in 2025, representing 15% share driven by luxury consumer growth.

Platinum

Platinum jewellery caters to the premium market, favored for its durability, exclusivity, and association with high-end engagement rings. It has a strong foothold in luxury-conscious markets.

Platinum jewellery reached USD 33,518.14 million in 2025, representing 8% share. This segment is expected to grow at a CAGR of 2.9%, driven by luxury retail growth, fashion trends, and platinum’s durability appeal.

Major Dominant Countries in the Platinum Segment

• Japan led the Platinum segment with USD 10,055.44 million in 2025, holding 30% share due to cultural affinity and premium buying power.
• United States recorded USD 8,379.53 million in 2025, representing 25% share from luxury brand offerings.
• China held USD 5,027.72 million in 2025, representing 15% share from rising elite consumer base.

Gems

The gems segment includes emeralds, sapphires, rubies, and other precious stones, driven by bespoke and high-value jewellery demand. It appeals to collectors and luxury markets.

Gems jewellery accounted for USD 12,569.30 million in 2025, representing 3% share. This segment is projected to grow at a CAGR of 2.8%, supported by gemstone investment trends and designer collaborations.

Major Dominant Countries in the Gems Segment

• Thailand led the Gems segment with USD 3,142.32 million in 2025, holding 25% share due to strong gemstone trading networks.
• India recorded USD 2,513.86 million in 2025, representing 20% share from manufacturing and export activities.
• Sri Lanka held USD 1,884.05 million in 2025, representing 15% share due to sapphire mining and cutting expertise.

Others

This category covers silver jewellery, imitation jewellery, and other specialty products catering to fashion-driven and cost-conscious consumers worldwide.

Others accounted for USD 38,707.90 million in 2025, representing 9% share, and are expected to grow at a CAGR of 3.0%, driven by fashion trends and e-commerce expansion.

Major Dominant Countries in the Others Segment

• United States led the Others segment with USD 9,676.97 million in 2025, holding 25% share due to fashion brand collaborations.
• Italy recorded USD 7,354.50 million in 2025, representing 19% share from design leadership.
• India held USD 6,583.34 million in 2025, representing 17% share due to large-scale production capacity.

By Application

Online

The online segment is expanding rapidly due to e-commerce adoption, digital marketing, and younger consumers seeking convenience and variety in jewellery purchases.

Online sales accounted for USD 71,226.04 million in 2025, representing 17% share. This segment is expected to grow at a CAGR of 3.8%, driven by global internet penetration and personalized shopping experiences.

Major Dominant Countries in the Online Segment

• United States led the Online segment with USD 17,806.51 million in 2025, holding 25% share due to strong e-commerce infrastructure.
• China recorded USD 14,245.21 million in 2025, representing 20% share from tech-driven retail platforms.
• India held USD 10,683.91 million in 2025, representing 15% share with rising mobile commerce adoption.

Retail

Retail remains the largest distribution channel, benefiting from physical brand presence, trust-building, and the experiential nature of jewellery shopping.

Retail accounted for USD 201,309.22 million in 2025, representing 48% share. This segment is projected to grow at a CAGR of 3.0%, driven by luxury malls, flagship stores, and global brand expansion.

Major Dominant Countries in the Retail Segment

• India led the Retail segment with USD 50,327.30 million in 2025, holding 25% share due to festival and wedding demand.
• United States recorded USD 45,294.59 million in 2025, representing 22.5% share from premium retail outlets.
• China held USD 35,439.11 million in 2025, representing 17.6% share due to luxury retail development.

Jewelry Stores

Jewelry stores, both independent and branded, cater to customers seeking personalized service, customization, and premium collections.

Jewelry stores accounted for USD 146,441.45 million in 2025, representing 35% share, and are expected to grow at a CAGR of 3.2%, driven by high-value transactions and bespoke services.

Major Dominant Countries in the Jewelry Stores Segment

• United States led the Jewelry Stores segment with USD 36,610.36 million in 2025, holding 25% share due to luxury brand dominance.
• India recorded USD 29,288.29 million in 2025, representing 20% share from strong independent jeweller networks.
• Japan held USD 20,501.80 million in 2025, representing 14% share from high-end retail culture.

Gems and Jewellery Market Regional Outlook

The Global Gems and Jewellery Market, valued at USD 418,976.71 million in 2025 and projected to reach USD 551,464.89 million by 2034, is segmented into four major regions: North America (28%), Europe (22%), Asia-Pacific (38%), and Middle East & Africa (12%). Regional growth is influenced by cultural traditions, luxury consumption trends, retail expansion, and rising disposable incomes across key markets.

North America

North America is a mature market with strong demand for diamond jewellery, premium gold pieces, and high-value branded collections. The region benefits from a well-established retail network, high consumer spending power, and evolving online sales channels.

North America held a market size of USD 117,313.48 million in 2025, representing 28% of the total market. Growth is driven by luxury brand dominance, celebrity endorsements, and a 25% share of the global engagement ring market.

North America - Major Dominant Countries in the Gems and Jewellery Market

• United States led North America with USD 82,119.42 million in 2025, holding a 70% share due to strong luxury retail and diamond demand.
• Canada recorded USD 21,116.42 million in 2025, representing 18% share from gold and bridal jewellery sales.
• Mexico held USD 14,077.63 million in 2025, representing 12% share driven by cultural jewellery consumption.

Europe

Europe is characterized by its high-value luxury jewellery market, with a focus on design excellence, heritage brands, and platinum and gemstone demand. The region also has a strong export-oriented jewellery industry.

Europe accounted for USD 92,174.88 million in 2025, representing 22% of the total market. Key growth factors include heritage craftsmanship, tourism-driven purchases, and 20% share in global gemstone jewellery exports.

Europe - Major Dominant Countries in the Gems and Jewellery Market

• Italy led Europe with USD 27,652.46 million in 2025, holding 30% share due to global reputation for jewellery design.
• France recorded USD 23,042.53 million in 2025, representing 25% share from luxury brand presence.
• United Kingdom held USD 18,434.98 million in 2025, representing 20% share from bridal and fashion jewellery demand.

Asia-Pacific

Asia-Pacific dominates global gems and jewellery demand, driven by cultural affinity for gold, rising middle-class incomes, and expanding luxury retail infrastructure. The region accounts for the largest share of wedding and festival-related jewellery sales worldwide.

Asia-Pacific held USD 159,211.15 million in 2025, representing 38% of the global market. Growth is powered by gold demand (55% of the region’s jewellery market) and a surge in branded jewellery sales.

Asia-Pacific - Major Dominant Countries in the Gems and Jewellery Market

• India led Asia-Pacific with USD 55,723.90 million in 2025, holding 35% share from strong gold jewellery demand.
• China recorded USD 47,763.34 million in 2025, representing 30% share from gold and diamond jewellery purchases.
• Japan held USD 23,881.67 million in 2025, representing 15% share due to platinum jewellery popularity.

Middle East & Africa

Middle East & Africa has a vibrant market driven by cultural gold jewellery traditions, high disposable incomes in Gulf countries, and growing demand for luxury branded jewellery in urban centers.

Middle East & Africa accounted for USD 50,277.21 million in 2025, representing 12% of the total market. Regional demand is dominated by gold jewellery (65% share) and diamond pieces for high-net-worth customers.

Middle East & Africa - Major Dominant Countries in the Gems and Jewellery Market

• United Arab Emirates led with USD 15,583.93 million in 2025, holding 31% share due to luxury retail hubs like Dubai.
• Saudi Arabia recorded USD 12,569.30 million in 2025, representing 25% share from gold jewellery demand.
• South Africa held USD 8,046.05 million in 2025, representing 16% share driven by diamond production and sales.

List of Key Gems and Jewellery Market Companies Profiled

Investment Analysis and Opportunities

The gems and jewellery market presents strong investment potential driven by cultural traditions, luxury demand, and the growing preference for branded collections. Gold jewellery accounts for 48% of the global market, with consistent demand from wedding and festive occasions. Diamond jewellery holds 32% share, supported by a 27% increase in bridal purchases and rising popularity of lab-grown diamonds. Platinum maintains an 8% share, with a 19% increase in high-end engagement ring sales. Emerging markets, particularly in Asia-Pacific, contribute 38% of global share, reflecting expanding middle-class incomes and 24% growth in luxury retail spaces. E-commerce channels now account for 17% of jewellery sales, growing by 21% annually, while custom-designed jewellery purchases have risen by 15% due to consumer demand for personalization. Sustainable and ethically sourced jewellery represents 21% of sales, with blockchain-based tracking adoption growing at 6% annually. Strategic mergers and acquisitions among leading brands have increased by 12%, strengthening supply chains and market reach. Investors focusing on premium segments, sustainable sourcing, and omnichannel retail strategies stand to benefit from long-term growth opportunities.

New Products Development

Innovation in gems and jewellery is centered around sustainability, personalization, and integration of advanced technology. Around 21% of new launches focus on ethically sourced materials, reflecting rising consumer awareness and demand. Lab-grown diamonds now make up 9% of global diamond jewellery demand, with a 22% shift from natural stones in certain markets. Hybrid collections combining gold and platinum have grown by 13% in popularity due to their unique aesthetic appeal. Personalized jewellery offerings, including engraved and custom-designed pieces, account for 15% of new product introductions. Technology integration, such as 3D printing, is used in 12% of manufacturing processes, reducing production time by 18% and enabling complex designs. The gemstone category has seen a 14% rise in demand for colored stones like sapphires and emeralds. Fashion-led capsule collections, often in collaboration with designers, represent 8% of new launches, targeting younger demographics. Additionally, smart jewellery with wearable technology features now accounts for 5% of niche product introductions, reflecting convergence between fashion and technology. Brands focusing on these new product trends are well-positioned to capture evolving consumer preferences globally.

Recent Developments

• Chow Tai Fook Sustainable Gold Initiative (2024): Introduced a line of jewellery using 100% recycled gold, targeting the 21% market share for ethical products and attracting eco-conscious buyers.
• LVMH High Jewellery Launch (2024): Released a premium collection featuring rare gemstones, representing 14% of luxury jewellery launches globally and appealing to affluent consumers.
• Rajesh Exports Digital Expansion (2023): Expanded e-commerce presence, increasing online jewellery sales contribution to 17% of the total market.
• Richemont Blockchain Integration (2023): Adopted blockchain authentication for 6% of its product lines, enhancing transparency and consumer trust.
• Signet Jewelers Lab-Grown Diamond Collection (2024): Launched a dedicated lab-grown diamond line, contributing to the 9% global market share of this category.

Report Coverage

The report offers a comprehensive analysis of the global gems and jewellery market, including segmentation by type, application, and region. It evaluates the market’s performance across gold (48% share), diamond (32%), platinum (8%), gems (3%), and other jewellery (9%). Applications include retail (48% share), jewellery stores (35%), and online (17%), each with unique growth drivers. Regionally, Asia-Pacific leads with 38% share, followed by North America (28%), Europe (22%), and Middle East & Africa (12%). The study highlights emerging trends such as the 21% share of sustainable jewellery, 15% growth in personalized designs, and 17% contribution from online sales. It examines the competitive landscape, profiling major players such as Chow Tai Fook Jewellery, LVMH, Rajesh Exports, Richemont, and Signet Jewelers. Additionally, it covers technological advancements like 3D printing, which is used in 12% of manufacturing, and blockchain integration for 6% of premium products. The report identifies challenges including price volatility affecting 40% of the market and sourcing issues impacting 18% of global trade. Opportunities lie in expanding sustainable collections, leveraging omnichannel retail, and penetrating emerging markets where jewellery ownership is growing rapidly.