![]() On the basis of product, the industry is categorised into:īased on application, the industry can be segmented into: ![]() The gemstones are known for their lustre and other properties, exhibiting an aesthetic value.īased on nature, the market is bifurcated into: ![]() Some rocks or organic materials, that do not fall under the category of minerals, are also used for jewellery and, thus, are often considered as gemstones. The expansion of the organised retail sector in the region owing to the growing consumer awareness and increased investments in marketing is also supporting the industry growth.Ī gemstone refers to a precious or semi-precious stone, a piece of mineral crystal to be precise, which is widely used in cut and polished form to prepare jewellery. The growing demand from emerging countries like China and India, owing to the rising disposable incomes and the increased usage of ornaments in ceremonies is supporting the market growth in the Asia Pacific. Meanwhile, the Asia Pacific is expected to be the emerging market for the product over the forecast period. The growth in the regions can be attributed to the high consumer purchasing power and the growing demand for precious gemstones. The developed regions like North America and Europe are the significant regions in the global market for gemstones. The Asia Pacific to Provide Enhanced Growth Opportunities for the Expansion of the Gemstones Industry ![]() Read more about this report - REQUEST FREE SAMPLE COPY IN PDF The global gemstones market is expected to grow at a CAGR of 6.1% in the forecast period of 2023-2028. ![]()
0 Comments
Leave a Reply. |