The global gemstone market is projected to expand from USD 38.4 billion in 2026 to USD 72.8 billion by 2036, registering a 6.6% CAGR from 2026 to 2036, according to Future Market Insights (FMI). Growth is being shaped by rising demand for verified origin, certified quality, and traceable supply chains, alongside increasing adoption of lab-grown gemstones in accessible luxury jewelry. In December 2025, the Gemological Institute of America (GIA) announced the expansion of its origin determination services to include opal, peridot, and demantoid garnet, effective January 1, 2026, strengthening provenance verification for colored gemstones.
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Global Segment Leaders
- Product Type – Emeralds: Emeralds account for 32.0% of market sales in 2026, supported by scarcity, high value-to-weight characteristics, and demand for premium colored gemstones.
- Application – Jewelry & Ornaments: Jewelry & Ornaments represent 78.0% of market value in 2026, reflecting continued gemstone use in bridal jewelry, gifting, and status-oriented consumption.
- End Use: The report profiles Jewelers, Industrial, and Personal Investment end uses, but the supplied report page does not state a specific leading-share percentage for this category.
Country-Level Performance
- South Korea – 7.2% CAGR: Growth is driven by expanding luxury jewelry adoption among younger consumers, supported by a tech-savvy retail infrastructure and growing acceptance of natural and branded lab-grown gemstones. Pandora reported 87% global LGD sales growth in Q1 2024, reflecting broader demand for accessible luxury.
- United Kingdom – 6.9% CAGR: The market benefits from the country’s position as a global gemstone trading hub and resilient high-net-worth consumer demand. UN Comtrade recorded USD 92.04 billion in imports in 2024, indicating substantial capacity to absorb premium gemstone supply.
- Germany – 6.7% CAGR: Demand is supported by consumer preferences for durability, precision cutting, and certified sustainability. Germany’s specialized cutters and polishers contribute to its role in the European high-end gemstone value chain.
- United States – 6.3% CAGR: The United States remains a major global demand center and a key market for retail innovation. FMI cites USD 25 billion in gemstone imports in 2023, highlighting the scale of domestic demand.
- Japan – 5.0% CAGR: Growth reflects a mature market where consumers prioritize quality, heritage, and certification. UN Comtrade reported USD 15.15 billion in imports of pearls and precious stones in 2024, indicating a stable procurement environment.
Regional Context
Fast-growing markets: South Korea leads the profiled countries at a 7.2% CAGR, with growth linked to luxury jewelry adoption among younger consumers, omnichannel retail, and interest in both natural and branded lab-grown stones. The United Kingdom follows at 6.9%, supported by its global trading role, high-net-worth demand, and established bespoke jewelry market.
Steady-growth markets: Germany is projected to expand at 6.7%, supported by specialized cutting and polishing capabilities and demand for certified, durable gemstones. The United States is forecast to grow at 6.3%, anchored by its large domestic consumption base and role as a major market for global gemstone supply.
Mature/slower-growth market: Japan is projected to record a 5.0% CAGR, reflecting a mature market where consumers place strong emphasis on quality, heritage, certification, and established retail relationships.
The full report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, with five profiled countries: South Korea, the United Kingdom, Germany, the United States, and Japan.
Competitive Landscape
The competitive landscape includes Gem Diamonds Limited, Kiran Gems Private Limited, Gemfields Group Limited, PJSC ALROSA, Anglo American plc (De Beers Group), Pandora A/S, Brilliant Earth Group, Inc., Lucara Diamond Corp, Sarine Technologies, Fenix Diamonds, Guebelin Gem Lab Ltd, and Rio2 Limited.
Recent industry developments include Gemfields’ sale of the Fabergé luxury jewelry brand for USD 50 million in August 2025, allowing the company to concentrate on its colored gemstone mining activities. In December 2025, GIA expanded its origin determination services to opal, peridot, and demantoid garnet, with the new services effective January 1, 2026. GIA also announced changes to its lab-grown diamond grading services on June 2, 2025, implementing the revised system on October 1, 2025, including “Premium” and “Standard” descriptors and laser-inscribed girdles.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (FMI) is an ESOMAR-certified, ISO 9001:2015 market research and consulting organization, trusted by Fortune 500 clients and global enterprises. With operations in the U.S., UK, India, and Dubai, FMI provides data-backed insights and strategic intelligence across 30+ industries and 1200 markets worldwide.
