The global gems and jewellery industry, valued at approximately USD 395.58 billion in 2022, is projected to grow from USD 409.35 billion in 2023 to USD 556.7 billion by 2032. The market is expected to experience a compound annual growth rate (CAGR) of around 3.48% from 2024 to 2032, according to a report by Market Research Future
The industry is witnessing substantial transformation, driven by evolving consumer preferences, increasing disposable incomes, and technological advancements in jewellery design and retailing. Product categories such as diamond jewellery, gold jewellery, silv …