The India colored gemstones market is on its way to a US$ 707.8 million in 2023. The market should accelerate further from 2023 to 2033 at a 10.5% CAGR. This should culminate in a market valuation of US$ 1,916.9 million in 2033.
Gemstones are popular in India for reasons other than aesthetics. A sizable portion of the country’s populace thinks that diamonds have heavenly power. For example, the ruby colored gemstone industry is expected to grow rapidly in the next years. This is because rubies are said to symbolize the Sun.
Gemstone treatment is a typical and inexpensive method for improving the clarity and color of gemstones. For example, the use of heat to enhance the look of diamonds is common. Excessive application, on the other hand, may cause gemstone deterioration. Fracture filling, oiling/waxing, and radiotherapy are among more expensive treatment options.
A gemstone’s worth is determined by factors like asteria, clarity, cut, and color zoning. Only emerald, sapphire, diamond, and ruby are considered to be precious gemstones. As a result, these are among the most expensive gemstones. To check for the authenticity of these gemstones, consumers should be on the lookout for the following characteristics:
Request a Report Sample to Gain Comprehensive Insights!
https://www.futuremarketinsights.com/reports/sample/rep-gb-16792
- Hardness, which should range between 8 and 10 on the Mohs scale
- Translucent appearance with fine colors (with the exception of colorless diamond)
Diamond, sapphire, ruby, and emerald are regarded as precious gemstones. These gemstones offer distinct qualities such as:
- Translucent appearance along with fine colors (colorless diamond is a notable exception)
- 8 to 10 Mohs scale hardness
Key Takeaways from the India Colored Gemstones Market Study
- A US$ 707.8 million valuation looks likely for the India market for colored gemstones.
- Between 2023 and 2033, a positive 5% CAGR is set to accelerate the market.
- In 2033, the market should attain a value surpassing US$ 1,916.9
- From 2018 to 2022, the market registered expansion at a healthy 0% CAGR.
- In 2022, the market was valued at US$ 644.1 million.
- The ruby segment had a 2% share of the market in 2022.
- The jewelry and ornaments segment had a 29% share in the market in 2022, and it is predicted to establish a 7% share in the coming years.
Get Your Comprehensive Brochure!
https://www.futuremarketinsights.com/reports/brochure/rep-gb-16792
“International players operating in the India market for colored gemstones are making the most of social media to make target audiences aware. Local players should follow in their footsteps and leverage the power of social media to make themselves more visible.” -Says an FMI analyst.
Who is Winning?
Prominent colored gemstones market companies in India are focusing on formulating and executing branding strategies. These companies are also being helped by the Government of India, which is trying to revitalize the country’s jewelry sector by reducing taxes and duties.
Leading players operating in the India market for colored gemstones are Gemfields Group Ltd., Anglo American PLC, Rockwell Diamonds Inc., Petra Diamonds Limited, PJSC ALROSA, Gem Diamonds Limited, Rio Tinto Diamonds, Swarovski Group, Fura Gems Inc., Botswana Diamonds P.L.C, Mountain Province Diamonds Inc., Dominion Diamon Corporation, Merlin Diamonds Limited, Trans Hex Group Ltd., Pala International Inc., KGK Group, Greenland Ruby, and MIF Gems Co Ltd.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the India colored gemstones market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling insights on the India colored gemstones market by stone type (emerald, ruby, and sapphire), product type (precious, semi- precious, synthetic stone), application (jewelry & ornaments, bangles, luxury art, astro), product format (natural, synthetic), by clarity (Type – I, Type – II, and Type – III), shape (round, oval, pear, cushion, square cushion, square, rectangle, triangle, freeform), and cut type (faceted style, non-faceted style) across four regions.
For any Queries Linked with the Report, Ask an Analyst! https://www.futuremarketinsights.com/ask-question/rep-gb-16792
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube