Gemstone Certification Market was valued at USD 34.40 Billion in 2023 and is expected to grow at a CAGR of 5.9 Percent over the forecast period to reach USD 58.92 Billion by 2030.
Pune, 22, May 2024: Stellar Market Research, a Consumer goods and services business research firm has published a report on the “Gemstone Certification Market”. The total market opportunity for the Theme Hotel Market was USD 34.40 Billion in 2023 and is expected to grow at 5.9 percent CAGR through the forecast period by reaching nearly USD 58.92 Bn.
Market Size in 2023: USD 34.40 Billion
Market Size in 2030: USD 58.92 Billion
CAGR: 5.9 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 221
No. of Tables: 145
No. of Charts and Figures: 189
Segment Covered: By Product Type, End User, Product Format and Region
Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, Stellar Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
Gemstone Certification Market Overview
Gemstone Certification refers to the process by which a gemstone is evaluated and authenticated by a recognized and independent gemological laboratory. The certification provides a detailed report that includes crucial information about the gemstone’s characteristics, such as its type, size, weight, color, clarity, cut, and any treatments it may have undergone. These certifications are essential for verifying the authenticity and quality of gemstones, ensuring consumer confidence and aiding in the valuation of the gem.
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Gemstone Certification Market Dynamics
The gemstone certification market is primarily driven by increasing consumer awareness about the importance of gemstone authenticity and quality. As consumers become more educated about the prevalence of synthetic and counterfeit gemstones, the demand for certified gemstones has risen significantly. Several notable trends are shaping the gemstone certification market. One significant trend is the growing preference for colored gemstones over traditional diamonds, driven by their unique appeal and increasing use in fashion and jewelry design. Technological advancements in gemstone testing and certification, such as the use of blockchain for tracking and verifying the provenance of gemstones, are gaining traction.
North America is key region for the investor. Accounting for a bulk of market share, the United States held the largest market share in 2023 in North America.
The growing establishment of trade associations and other non-profit institutes in the US has played a key role in organizing the market. Associations and institutions like the American Gem Society, and Gemmological Institute of America, Inc. are an example. For instance, The American Gem Society has undertaken numerous efforts to set up and maintain high standards of professional conduct and ethical behavior through accreditation and education of its members.
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Gemstone Certification Market Segment Analysis
Based on the Product Format, the Synthetic segment to dominate the Gemstone Certification Market over the forecast period
Synthetic gemstones are comparatively more economical than natural gemstones which is why their demand is higher as compared to natural gemstones in the market. As a result, they can be offered at a lower price, making them more affordable for a wider spectrum of customers.
By Product Type
- Diamond
- Emerald
- Ruby
- Sapphire
- Alexandrite
- Topaz
- Others
By End User
- Jewellery & Ornaments
- Bangles
- Necklaces
- Pendants
- Earrings
- Rings
- Anklets
- Brooches
- Luxury Art
By Product Format
- Natural
- Synthetic
Gemstone Certification Market’s Key Players include:
- Gemological Institute of America (GIA) – Carlsbad, USA
- American Gemological Laboratories (AGL) – New York, USA
- International Gemological Institute (IGI) – Antwerp, Belgium
- European Gemological Laboratory (EGL) – Antwerp, Belgium
- SSEF Swiss Gemmological Institute – Basel, Switzerland
- Gübelin Gem Lab – Lucerne, Switzerland
- Gemological Science International (GSI) – New York, USA
- Asian Institute of Gemological Sciences (AIGS) – Bangkok, Thailand
- Gemmological Association of All Japan (GAAJ) – Tokyo, Japan
- Gemological Institute of India (GII) – Mumbai, India
Key questions answered in the Gemstone Certification Market are:
- What is Gemstone Certification?
- What was the Gemstone Certification Market size in 2023?
- What is the expected Gemstone Certification Market size by 2030?
- What is the growth rate of the Gemstone Certification Market?
- What are the key benefits of the Gemstone Certification Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023 −2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Material, Distribution Channel, and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic Industries, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified Type estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Website: https://www.stellarmr.com/report/Gemstone-Certification-Market/1901
