Colored gemstone market expected to rise
FutureMarketInsights.com is out with a research report related to the colored gemstone market. Colored gemstones include sapphires, rubies, emeralds, and colored diamonds as well.
Here are highlights from the research report:
- Colored gemstones sales are set to grow at a 5.7% CAGR between 2021 and 2031.
- Artisinal and small scale miners are important source of colored gemstones
- Globalization leading to more exposure of rare colored gemstones
- Middle class expected to play major role in growth
- Colored diamonds account for over 30% of the market, by far the leader
- Growth of online jewelry shopping to further fuel sales