Precious Stones Market Trends 2025–2032: Rise in Customized Jewelry, E‑commerce, and Blockchain Traceability With CAGR 6.7%
Precious Stones Market demonstrates robust expansion, with its valuation reaching USD 23.6 billion in 2024 . According to comprehensive industry analysis, the market is projected to grow at a CAGR of 6.7% , reaching approximately USD 41.8 billion by 2032 . This sustained growth trajectory reflects increasing luxury consumption, expanding middle-class populations in emerging economies, and technological innovations in gemstone production. Precious stones remain valued for their aesthetic appeal, durability, and rarity, with diamonds maintaining over 50% market share. The industry is witnessing transformative shifts, including the rise of lab-grown alternatives and digital sales channels that accounted for 15% of global transactions in 2023. Recent market developments include De Beers' blockchain-based traceability initiatives and significant investments in synthetic diamond production facilities across Asia and North America. Download FREE Sample Report: https://www.24chemicalresea...