What Will the Future of the Gemstone Market Look like in Ten Years?

Photo by  Lukas Blazek of Unsplash

Currently, as of 2023, the gemstone market is sitting pretty. For investors, and just wearers who are looking for the best luxury goods for aesthetic appeal, knowing the future of gemstone value can serve you well. It was likely determined, even before this article, that the value of gemstones is set to increase in the future. However, what is the exact number prediction of the gemstone market increase in the future, and what are the factors that determined this increase prediction?

Based on Futuremarketinsights.com, in the year 2033, ten years from now, the gemstone market will increase from $32.38 billion to $55.96 billion. Based on the consistent rise of interest by consumers in luxury goods around the world this prediction is determined. This increased interest by consumers is a reflection of better, lower-cost, and a rise in advertisements, along with new and mesmerizing advancements in gemstone styles.

Advertisements

There has been a surge in the number of consumers seeking high-end products lately. And because technology in such regard has increased over the years, companies can get their targeted messages out to the public more creatively, more easily, and more often.

Since the brave world of advertising has advanced over the years, more consumers are reached. This means that there is an increase in knowledge shared regarding the beauty and value of gemstones. In turn, interest in gemstone ownership is increased as well.

New innovative styles

Fashion designers are famous for needing breathtaking innovative styles to go with their creative visions. Because of so, gemstone makers are tested. With every new accomplishment of gemstones created from the requests of fashion designers comes a new creative idea for themselves, for their business. With this continuous creative culmination, along with technological advancements in the gemstone industry, the gemstone market is continuously drawing interest. And consumers are steadily invested.

Is there an income increase factored in for determining the gemstone market increase?

Yes. Based on multpl.com…

…The US Median Income by Year:

2020 – $68,007.10

2021 – $70,788.04

2022 – $74, 5800,00

As the economy furthers in development, income increases per household. Not only is salary increase factored in for workers, but the availability of new high-paying jobs is on the rise as well.

In addition to the factor of having more money encouraging more gemstone spending, there is another determinant. There is an increase in the use of ornaments in ceremonies.

Are there affordable gemstones that low-wage consumers can buy?

Yes. Not all gemstones are precious. There are semi-precious gemstones as well: Onyx, Alexandrite, and Bloodstone, just to name a few. You can purchase this Bloodstone pendant for as little as $9.99:

Side note: the onyx gemstone is known to boost the immune system.

What is the future of gemstone prices?

According to Ceylon.com, a 5.8% average annual price increase is in effect for the time being.

• Rubies – 8%
• Sapphires – 6%
• Emerald – 5%…

…just to name a few individual gemstone price increases by year.

The future of the gemstone market looks bright and definitely investable, a profitable move. And as an aesthetic compliment in ceremonies and fashion, or just as a collectible, the gemstone is a keeper.

With an increase in value and style selections, the consumer has much to be excited about when it comes to gemstones. As long as ads are flowing abundantly, gemstones will continue to get noticed. The world needs to know the variety of gems available from precious to semi-precious. There are so many incredible designs and their healing properties can be absolutely jaw-dropping. You have no idea.

By 2033, the gemstone market should increase by 57%. With the advancement and increase in the number of advertisements, and gemstone style selections, gemstone luxury goods are in higher demand. And consumers’ income is increasing over the years encouraging more spending on gems. The look and positive energy properties of gemstones are highly effective. And consumers should consider owning at least one gemstone out of the 300+ gemstones in the world today.