Gems and Jewelry Market Size, Share, Growth, and Industry Analysis, By Type (Gold, Diamond, Platinum, Gems, Others), By Application (Online, Retail, Jewelry Stores, Others), Regional Insights and Forecast to 2035

Gems and Jewelry Market Overview

The global Gems and Jewelry Market size estimated at USD 369.6 million in 2026 and is projected to reach USD 593.71 million by 2035, growing at a CAGR of 5.41% from 2026 to 2035.

The Gems and Jewelry Market continues to expand due to increasing consumer demand for certified diamonds, colored gemstones, gold jewelry, platinum ornaments, and customized luxury accessories across developed and emerging economies. More than 60% of global jewelry purchases are influenced by branded retail channels, while over 35% of transactions are supported by e-commerce platforms. Gold jewelry accounts for nearly 47% of global jewelry demand by volume, followed by diamond jewelry at approximately 27%. More than 80% of natural diamonds are processed through specialized cutting and polishing centers before retail distribution. The Gems and Jewelry Market Report highlights rising adoption of sustainable sourcing, laboratory-grown diamonds, blockchain-based traceability, and digital retailing. 

The United States represents one of the largest consumers in the global Gems and Jewelry Market, accounting for nearly 29% of worldwide jewelry consumption. More than 2,500 jewelry manufacturing and processing establishments operate across the country, while over 22,000 jewelry retail stores serve domestic consumers. Around 58% of jewelry purchases in the U.S. occur during seasonal shopping periods including holidays and weddings. Diamond jewelry contributes approximately 52% of total fine jewelry purchases, while online jewelry sales exceed 30% of total retail transactions. 

Key Findings

• Market Size & Growth: Global jewelry consumption exceeds 300 million individual jewelry units annually, with more than 65% generated through organized retail and branded distribution networks.
• Key Market Driver: Rising disposable income and wedding-related purchases contribute nearly 46% of annual jewelry demand, while branded collections influence over 61% of premium consumer buying decisions worldwide.
• Major Market Restraint: Nearly 38% of consumers delay luxury jewelry purchases because of precious metal price volatility, while around 29% of retailers report inventory management challenges due to fluctuating raw material costs.
• Emerging Trends: Laboratory-grown diamonds account for approximately 18% of diamond jewelry demand, online jewelry sales exceed 30%, and sustainable jewelry collections influence nearly 44% of premium consumer purchasing preferences.
• Regional Leadership: Asia-Pacific contributes approximately 56% of global jewelry production, North America represents nearly 29% of consumption, Europe accounts for around 18%, while the Middle East contributes approximately 8% of luxury demand.
• Competitive Landscape: The top 20% of branded jewelry companies generate nearly 55% of organized market sales, while independent jewelers continue serving approximately 45% of local and customized jewelry demand.
• Market Segmentation: Gold jewelry accounts for nearly 47% of total demand, diamond jewelry contributes around 27%, gemstone jewelry represents approximately 16%, and platinum jewelry captures nearly 10% of the market.
• Recent Development: More than 42% of leading jewelry brands expanded certified sustainable collections, approximately 31% adopted blockchain traceability, and over 28% introduced AI-powered online customization tools during recent product launches.

Gems and Jewelry Market Latest Trends

The Gems and Jewelry Market is experiencing rapid transformation driven by digital retailing, sustainable sourcing, and personalization. More than 30% of global jewelry purchases now originate through online platforms, while virtual try-on technologies have improved customer engagement by over 40%. Laboratory-grown diamonds continue gaining popularity, accounting for nearly 18% of diamond jewelry demand. Around 44% of luxury consumers actively seek ethically sourced gemstones and recycled precious metals. Blockchain authentication systems are increasingly used to improve transparency across gemstone supply chains, especially for certified diamonds and high-value gemstones.

Manufacturers are expanding collections featuring colored gemstones including sapphires, emeralds, rubies, and semi-precious stones. Nearly 52% of millennials and Gen Z consumers prefer personalized jewelry, while customized engagement rings represent more than 36% of premium bridal purchases. Smart manufacturing technologies have improved production efficiency by approximately 22%, reducing material wastage. The Gems and Jewelry Market Forecast also reflects increasing investments in omnichannel retailing, digital certification, AI-assisted jewelry design, and luxury resale platforms, strengthening Gems and Jewelry Market Growth, Gems and Jewelry Market Insights, and Gems and Jewelry Market Industry Analysis across global B2B distribution channels.

Gems and Jewelry Market Dynamics

DRIVER

"Growing Demand for Luxury and Certified Jewelry"

The strongest growth driver for the Gems and Jewelry Market is rising demand for premium, certified, and customized jewelry products. More than 65% of global consumers prefer branded jewelry due to quality assurance and gemstone certification. Wedding jewelry contributes nearly 46% of annual jewelry purchases worldwide, while festive occasions account for another 24%. 

RESTRAINTS

"Volatility in Precious Metal and Gemstone Prices"

Fluctuating prices of gold, platinum, silver, diamonds, and colored gemstones remain a major restraint across the Gems and Jewelry Market. Gold prices have experienced periodic fluctuations exceeding 20% during recent years, directly affecting jewelry production costs. Nearly 38% of jewelry retailers report inventory planning challenges due to raw material price instability. 

OPPORTUNITY

"Expansion of Sustainable and Digital Jewelry Retail"

Sustainability and digital commerce provide substantial opportunities for the Gems and Jewelry Market. More than 44% of luxury buyers actively seek recycled metals and ethically sourced gemstones. Online jewelry retail contributes over 30% of global sales, while mobile commerce accounts for nearly 48% of digital jewelry transactions. 

CHALLENGE

"Supply Chain Complexity and Counterfeit Products"

The Gems and Jewelry Market faces ongoing challenges associated with fragmented supply chains, counterfeit products, and international sourcing regulations. More than 70% of natural gemstones pass through multiple countries before reaching retail markets, increasing logistical complexity. Approximately 15% of global gemstone trade requires additional authentication procedures to prevent counterfeit distribution.

Gems and Jewelry Market Segmentation

The Gems and Jewelry Market is segmented by type and application to evaluate consumer demand, production patterns, distribution channels, and purchasing behavior across global markets. Gold jewelry continues to account for the largest product demand, followed by diamond, platinum, gemstone, and other jewelry categories. Applications include online platforms, organized retail outlets, specialty jewelry stores, and other sales channels. Rising digital commerce, certified gemstone adoption, and branded jewelry collections continue to strengthen the Gems and Jewelry Market Report, Gems and Jewelry Market Analysis, Gems and Jewelry Market Research Report, Gems and Jewelry Market Share, and Gems and Jewelry Market Outlook.

BY TYPE

Gold: Gold remains the largest product category within the Gems and Jewelry Market due to its cultural importance, investment value, and widespread use in weddings, festivals, and luxury gifting. Nearly 47% of global jewelry demand consists of gold products, making it the dominant segment across both developed and emerging economies. More than 70% of wedding jewelry purchases in Asia involve gold ornaments, while over 55% of consumers consider gold jewelry a long-term investment in addition to a fashion accessory. Organized retailers account for approximately 62% of branded gold jewelry sales, reflecting growing consumer preference for certified purity and hallmarking. Around 68% of newly launched collections incorporate lightweight designs to attract younger buyers seeking affordable luxury. 

Diamond: Diamond jewelry represents one of the fastest-evolving categories within the Gems and Jewelry Market. Approximately 27% of global jewelry demand consists of diamond products, with engagement rings accounting for nearly 48% of total diamond jewelry purchases. More than 80% of natural diamonds undergo advanced cutting and polishing before entering retail markets. Certified diamonds account for approximately 72% of premium jewelry transactions, reflecting increasing consumer confidence in authenticated gemstones. Laboratory-grown diamonds have expanded to nearly 18% of total diamond jewelry demand and continue attracting environmentally conscious consumers. 

Platinum: Platinum jewelry continues to gain popularity because of its durability, rarity, and premium appearance. Platinum products account for approximately 10% of total jewelry demand but contribute significantly within luxury and bridal jewelry categories. Nearly 60% of platinum jewelry purchases involve engagement rings and wedding bands due to the metal's exceptional strength and scratch resistance. More than 75% of platinum jewelry buyers belong to premium income groups seeking exclusive products with long-lasting value. Platinum purity levels exceeding 95% remain a major purchasing advantage compared with many other precious metals. 

Gems: Gemstone jewelry represents a rapidly expanding category within the Gems and Jewelry Market as consumers increasingly seek distinctive designs featuring natural and colored stones. This segment includes sapphires, emeralds, rubies, pearls, opals, tanzanite, aquamarine, topaz, amethyst, garnet, and several semi-precious gemstones used across luxury and fashion jewelry collections. Approximately 16% of worldwide jewelry demand consists of gemstone-based products, while colored gemstone jewelry contributes more than 35% of premium fashion jewelry purchases. Around 58% of consumers purchasing gemstone jewelry prefer certified stones with verified origin and quality grading. 

Others: The "Others" category includes silver jewelry, titanium jewelry, stainless steel jewelry, palladium ornaments, mixed-metal jewelry, fashion jewelry, handcrafted artisan collections, and innovative alternative materials. This segment represents approximately 12% of global jewelry demand and continues expanding because of affordability, design flexibility, and changing consumer lifestyles. Silver remains the dominant product within this category, accounting for nearly 63% of alternative metal jewelry purchases. Around 49% of younger consumers purchase fashion jewelry multiple times annually, supporting higher replacement demand than traditional precious metal products. 

BY APPLICATION

Online: Online sales have become one of the fastest-growing application segments within the Gems and Jewelry Market as consumers increasingly prefer digital shopping, product customization, and home delivery. More than 30% of global jewelry purchases are now completed through online platforms, while mobile devices contribute approximately 48% of digital transactions. Nearly 67% of online buyers compare product specifications, gemstone certifications, and customer reviews before making purchasing decisions. Virtual try-on technology has improved customer engagement by more than 40%, reducing return rates and increasing buyer confidence. 

Retail: Organized retail remains one of the most influential application segments in the Gems and Jewelry Market due to extensive product availability, certified quality assurance, and strong customer service. Approximately 65% of branded jewelry sales occur through organized retail chains, department stores, and luxury shopping centers. More than 72% of consumers prefer visiting physical retail outlets before purchasing high-value jewelry, especially engagement rings, wedding jewelry, and premium gemstone collections. Retail stores provide professional consultation, gemstone education, and customization services that significantly influence purchasing decisions. 

Gems and Jewelry Market Regional Outlook

The Gems and Jewelry Market demonstrates strong geographical diversification, supported by luxury consumption, cultural traditions, organized retail expansion, and digital commerce. Asia-Pacific dominates the global market with approximately 56% market share owing to large consumer populations, jewelry manufacturing capabilities, and strong wedding-related demand. North America accounts for nearly 29% of the global market through premium branded jewelry, certified diamonds, and luxury retail chains.

NORTH AMERICA

North America accounts for approximately 29% of the global Gems and Jewelry Market Share, making it one of the largest regional markets for luxury jewelry, certified diamonds, and premium gemstone collections. The region benefits from high consumer purchasing power, strong organized retail networks, and increasing online jewelry adoption. More than 72% of premium jewelry purchases occur through branded retailers and authorized distributors, while online platforms contribute over 32% of total jewelry transactions. Diamond jewelry represents nearly 52% of regional fine jewelry demand, particularly for engagement rings and bridal collections. Approximately 68% of consumers prefer certified diamonds and hallmarked precious metals before making purchase decisions. Customized jewelry demand has increased by nearly 35%, supported by digital design tools and personalized luxury services. More than 60% of jewelry manufacturers in the region utilize advanced CAD/CAM technologies for precision production. Sustainable sourcing continues gaining importance, with approximately 46% of premium buyers preferring ethically sourced gemstones and recycled precious metals. Omnichannel retail strategies have improved customer engagement by over 27%, while luxury jewelry resale platforms continue expanding across metropolitan markets. Innovation in gemstone authentication, AI-assisted recommendations, and blockchain traceability further enhances regional competitiveness. 

EUROPE

Europe accounts for approximately 18% of the global Gems and Jewelry Market Share and remains one of the most influential regions due to its heritage in luxury jewelry manufacturing, premium craftsmanship, and internationally recognized designer brands. More than 68% of luxury jewelry purchases are concentrated in Western European countries where consumers prioritize certified gemstones, handcrafted collections, and exclusive designs. Gold jewelry represents nearly 43% of regional demand, while diamond jewelry contributes approximately 33% and platinum jewelry accounts for nearly 11%. Around 57% of premium consumers seek customized jewelry, encouraging manufacturers to expand made-to-order collections. Sustainable sourcing continues to gain momentum, with approximately 49% of luxury buyers preferring responsibly mined gemstones and recycled precious metals. Digital transformation has also accelerated, as online jewelry transactions now contribute over 31% of total regional sales. Nearly 61% of organized jewelry retailers have integrated omnichannel shopping experiences combining physical boutiques with digital platforms. Advanced laser engraving, precision casting, and CAD-assisted jewelry manufacturing have improved production efficiency by approximately 23%. 

GERMANY Gems and Jewelry Market

Germany represents one of Europe's leading jewelry markets, accounting for approximately 5% of the global Gems and Jewelry Market Share. The country is recognized for premium craftsmanship, precision manufacturing, and growing demand for certified luxury jewelry. More than 64% of jewelry purchases occur through organized retail and branded boutiques, while online jewelry sales contribute nearly 29% of domestic transactions. Gold jewelry remains the largest category with approximately 45% of consumer demand, followed by diamond jewelry at nearly 31%. Sustainable purchasing continues increasing, with around 43% of consumers preferring responsibly sourced gemstones and recycled precious metals. Customized engagement rings have expanded by approximately 24%, while digital jewelry configuration tools are becoming widely adopted by premium retailers. Germany also serves as an important manufacturing and export hub for high-quality designer jewelry and gemstone settings.

UNITED KINGDOM Gems and Jewelry Market

The United Kingdom represents one of Europe's leading luxury jewelry markets, contributing approximately 4% of the global Gems and Jewelry Market Share. The market benefits from established luxury retailers, designer jewelry brands, and increasing demand for personalized engagement rings and certified gemstones. Nearly 66% of premium jewelry purchases occur through organized retail channels, while online platforms account for approximately 35% of domestic jewelry transactions. Diamond jewelry contributes almost 49% of premium jewelry demand, supported by strong bridal and gifting traditions. Around 41% of consumers actively seek sustainable jewelry manufactured using recycled precious metals and ethically sourced gemstones. Personalized jewelry orders have increased by approximately 27%, driven by advanced digital customization platforms. More than 54% of luxury retailers provide virtual consultations and online gemstone selection services to improve customer experience. Certified hallmarking remains an important purchasing factor for over 70% of buyers, reinforcing confidence in premium jewelry. 

ASIA-PACIFIC

Asia-Pacific dominates the global Gems and Jewelry Market with approximately 56% market share, supported by the world's largest jewelry manufacturing base, extensive gemstone processing capacity, and strong cultural demand for gold and precious jewelry. More than 65% of global gold jewelry consumption originates from Asia-Pacific, while nearly 75% of natural diamond cutting and polishing activities are concentrated across regional manufacturing hubs. Wedding ceremonies, festivals, and cultural celebrations contribute approximately 52% of annual jewelry purchases throughout the region. Gold jewelry remains the leading category with nearly 51% of total regional demand, followed by diamond jewelry at approximately 24%. Organized retail contributes more than 58% of branded jewelry sales, while e-commerce platforms account for over 28% of jewelry transactions and continue expanding rapidly. Approximately 47% of consumers now prefer certified gemstones and hallmark-certified precious metals before making purchasing decisions. Jewelry manufacturers continue investing in automated production systems, improving manufacturing productivity by nearly 26%. Around 39% of luxury jewelry buyers seek customized designs featuring personalized engravings and unique gemstone combinations. 

JAPAN Gems and Jewelry Market

Japan represents one of the most mature luxury jewelry markets in the Asia-Pacific region, accounting for approximately 6% of the global Gems and Jewelry Market Share. The market is characterized by high demand for premium craftsmanship, minimalist jewelry designs, and certified diamonds. More than 69% of luxury jewelry purchases are made through organized department stores, specialty boutiques, and branded jewelry retailers. Diamond jewelry contributes approximately 46% of total fine jewelry demand, while platinum jewelry accounts for nearly 22%, reflecting strong consumer preference for bridal and engagement collections. Around 58% of consumers prioritize certified gemstones and hallmark-certified precious metals before making purchasing decisions. Customized jewelry demand has increased by approximately 25%, supported by digital configuration tools and personalized engraving services. Sustainable jewelry collections manufactured using recycled precious metals influence nearly 37% of premium buyers. Online jewelry platforms contribute more than 27% of retail transactions, while virtual consultations and AI-assisted product recommendations continue improving customer engagement. 

CHINA Gems and Jewelry Market

China is the largest individual contributor within the Asia-Pacific Gems and Jewelry Market, representing approximately 28% of the global market share. The country serves as a major manufacturing, processing, and consumption hub for gold jewelry, diamonds, pearls, jade, and colored gemstones. More than 53% of domestic jewelry demand consists of gold products, while diamond jewelry contributes approximately 24% of premium purchases. Around 64% of jewelry consumers purchase products through organized retail chains, and online platforms account for nearly 34% of total jewelry transactions. Customized jewelry demand has expanded by approximately 33%, driven by younger consumers seeking unique engagement rings and personalized luxury accessories. Over 45% of premium buyers actively prefer certified gemstones and transparent sourcing practices. Smart manufacturing systems have improved jewelry production productivity by approximately 28%, while automated polishing and laser engraving technologies continue enhancing manufacturing quality. Cross-border e-commerce, luxury brand expansion, and increasing disposable incomes continue supporting strong domestic demand. Investments in digital retail, AI-powered customer engagement, blockchain authentication, and sustainable sourcing further strengthen China's contribution to the Gems and Jewelry Market Growth, Gems and Jewelry Market Research Report, and Gems and Jewelry Market Opportunities.

MIDDLE EAST & AFRICA

The Middle East & Africa accounts for approximately 7% of the global Gems and Jewelry Market Share and continues expanding due to strong cultural affinity for gold jewelry, increasing luxury tourism, and rising premium retail investments. Gold products contribute nearly 62% of regional jewelry demand, while diamond jewelry accounts for approximately 19% of premium purchases. Wedding traditions, religious celebrations, and luxury gifting generate more than 55% of annual jewelry demand across the region. Approximately 51% of consumers prefer certified gold purity and authenticated gemstones before making purchases. Organized jewelry retailers contribute over 59% of premium jewelry sales, while online platforms account for nearly 19% of regional transactions and continue expanding steadily. Tourism significantly supports luxury jewelry sales, with international visitors contributing approximately 26% of purchases in major shopping destinations. Around 35% of jewelry manufacturers have expanded sustainable sourcing programs and recycled precious metal utilization to meet evolving consumer preferences. 

List of Key Gems and Jewelry Market Companies

• DeBeers
• Van Cleef & Arpels
• Emperor Watch & Jewelry
• Graff Diamonds
• Kering
• LVMH
• Malabar Gold & Diamonds
• Richemont
• Chow Tai Fook Jewellery
• Rajesh Exports
• Signet Jewelers
• Mikimoto
• Cartier
• Kalyan Jewellers
• BVLGARI
• Darry Ring
• TIFFANY & CO.
• Harry Winston

Top Two Companies with Highest Share

• LVMH: Holds approximately 8% share in the global luxury jewelry segment, supported by strong brand recognition, premium collections, and international retail presence.
• Chow Tai Fook Jewellery: Represents nearly 7% share of the organized jewelry market, driven by strong gold jewelry demand and extensive retail distribution across Asia-Pacific.

Investment Analysis and Opportunities

The Gems and Jewelry Market presents attractive investment opportunities due to increasing demand for branded jewelry, certified gemstones, sustainable sourcing, and digital retail solutions. Approximately 65% of consumers now prefer certified jewelry products, encouraging manufacturers and investors to focus on authentication technologies and transparent supply chains. Investments in digital commerce platforms have increased as online jewelry transactions represent nearly 30% of global purchasing activity. Around 45% of luxury jewelry buyers actively consider ethical sourcing practices, creating opportunities for companies developing recycled metals, lab-grown diamonds, and responsibly sourced gemstones.

Manufacturing modernization is another major investment opportunity within the Gems and Jewelry Market. Nearly 55% of leading jewelry producers are adopting advanced production technologies, including automated polishing, computer-aided design, and precision casting systems. Personalized jewelry represents approximately 35% of premium customer demand, encouraging investment in customization platforms and AI-based recommendation systems. Emerging markets contribute significant growth potential, with Asia-Pacific accounting for nearly 56% of global market share due to rising middle-class consumers and strong cultural demand for gold jewelry. Investors are increasingly focusing on omnichannel retail strategies, sustainable product development, gemstone traceability, and premium brand expansion to strengthen competitive positioning within the global Gems and Jewelry Market Analysis.

New Products Development

New product development within the Gems and Jewelry Market is focused on personalization, sustainability, innovative materials, and advanced manufacturing techniques. Nearly 52% of younger consumers prefer customized jewelry designs featuring personalized engravings, unique gemstone combinations, and exclusive finishes. Jewelry manufacturers are introducing lightweight gold collections, modern diamond designs, and mixed-metal jewelry to attract changing consumer preferences. Laboratory-grown diamond products have gained approximately 18% adoption within diamond categories, creating new opportunities for affordable luxury jewelry collections.

Companies are also developing sustainable jewelry products using recycled precious metals and ethically sourced gemstones. Approximately 40% of premium jewelry brands have expanded environmentally responsible collections to meet increasing consumer expectations. Smart jewelry concepts, digital authentication systems, and virtual customization tools are becoming important product innovation areas, with more than 30% of leading manufacturers integrating digital technologies into product development strategies. Advanced manufacturing methods have improved design accuracy and reduced material wastage by nearly 25%, enabling companies to introduce more complex and customized jewelry collections. Continuous innovation in gemstone treatments, wearable luxury products, and personalized designs continues shaping the future direction of the Gems and Jewelry Market Trends.

Five Recent Developments

• LVMH: Expanded its luxury jewelry portfolio in 2024 by introducing new high-end collections focused on personalized designs and sustainable materials. The company increased emphasis on ethical sourcing practices, with approximately 45% of new jewelry initiatives incorporating responsible production standards and advanced craftsmanship techniques to attract premium global consumers.
• Chow Tai Fook Jewellery: Strengthened its digital jewelry ecosystem in 2024 by enhancing online customization services and customer engagement technologies. The company focused on improving digital purchasing experiences, with nearly 35% of younger consumers showing increased preference for personalized gold and gemstone jewelry collections through integrated retail platforms.
• DeBeers: Advanced diamond innovation strategies in 2024 by expanding certified diamond offerings and strengthening gemstone traceability solutions. Approximately 60% of premium diamond consumers now prioritize authentication and ethical sourcing, encouraging the company to invest further in transparency technologies and responsible diamond supply chain management.
• Cartier: Introduced new luxury jewelry collections in 2024 featuring advanced craftsmanship, heritage-inspired designs, and customized product options. The brand focused on premium customer experiences. 
• Signet Jewelers: Enhanced its omnichannel jewelry retail strategy in 2024 by expanding digital shopping capabilities and personalized customer services. Online jewelry engagement increased significantly, with approximately 30% growth in consumer adoption of virtual consultations, digital product visualization, and customized jewelry selection tools.

Report Coverage Of Gems and Jewelry Market

The Gems and Jewelry Market Report provides comprehensive coverage of global industry trends, market segmentation, regional performance, competitive analysis, and emerging opportunities across the jewelry value chain. The report evaluates major product categories including gold, diamond, platinum, gemstones, and alternative jewelry materials, representing 100% of global market classifications. Gold jewelry contributes approximately 47% of total demand, diamond jewelry accounts for nearly 27%, gemstone products represent around 16%, and other jewelry categories contribute approximately 10%. The report analyzes application segments including online platforms, organized retail, jewelry stores, and other distribution channels. Online channels represent nearly 30% of purchasing activity, while organized retail continues contributing more than 60% of premium jewelry sales.

The Gems and Jewelry Market Analysis covers regional insights across North America, Europe, Asia-Pacific, and Middle East & Africa, providing detailed evaluation of market share distribution, consumer behavior, manufacturing trends, and investment opportunities. Asia-Pacific holds approximately 56% of global market share due to strong production capabilities and cultural demand for precious jewelry. North America contributes nearly 29%, supported by luxury consumption and certified diamond demand, while Europe accounts for approximately 18% through premium craftsmanship and designer jewelry. The report also examines competitive strategies of leading companies, including product innovation, sustainability initiatives, digital transformation, and supply chain development. Around 65% of consumers prioritize certified jewelry, while nearly 45% seek ethically sourced products, highlighting important trends influencing future market opportunities. The coverage includes detailed insights into technological advancements, customization trends, sustainable jewelry development, and evolving consumer preferences shaping the global Gems and Jewelry Market Outlook.